Fortress accepts Polymetal’s offer for Svetloye
Offering US$9.25 million in cash, Russian gold-silver producer Polymetal (MICEX-L) has trumped an earlier offer by MacRitchie Metals for a 100% stake in the Svetloye gold project owned by Vancouverbas…
Articles by Northern Miner Staff
Rio Tinto to build Eagle nickel mine
Rio Tinto (RTP-N, RIO-L) will build the first new mine in Michigan in decades, which would be the only primary nickel mine in the United States.
Paramount to get X-Cal, drops Klondex lawsuit
VANCOUVER — Paramount Gold and Silver (PZG-T, PZG-N) has agreed to acquire X-Cal Resources (XCL-T) just as the company settles a lawsuit surrounding the failed acquisition of Klondex Mines (KDX-T).
More rare gems at Shore Gold’s Star
It’s not every day that parallels are drawn between the vast plains of central Saskatchewan and the Kingdom of Lesotho, a mountainous, landlocked country in southern Africa. But Shore Gold (SGF-T) say…
Aussie gov’t retreats, waters down RSPT
The past few days have lived up the old adage that a week is a lifetime in politics.
Early 2010 lead, zinc supply exceeds demand: ILZSG report
Amidst a struggling auto industry and global economy, lead and zinc seem to have high supply and low demand in the first four months of 2010, according to a recent International Lead and Zinc Study Gr…
Taseko falls 20% on Prosperity’s environmental review
VANCOUVER — The language in the federal review panel’s environmental assessment on Taseko Mines’ (TKO-T, TGB-N) Prosperity gold-copper project in British Columbia was harsh, and the market reaction e…
PEOPLE (July 12, 2010)
Acadian Mining — Grant Ewing appointed president, CEO and a director.
DAILY METAL PRICES (July 12, 2010)
Date July 5 July 2 July 1 June 30 June 29 BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne) Al Alloy 1851/1865 1865/1870 1851/1865 1860/1870 1875/1875…
CANADIAN GOLD MUTUAL FUNDS (July 12, 2010)
Featured Fund: AGF Precious Metals (US$) as of 08/31/09 (in weighted order): Goldcorp, Kinross Gold, Iamgold, Central Fund of Canada, Agnico-Eagle Mines, Inmet Mining, Eldorado Gold, Randgold, Osisko …
DIVIDENDS (July 12, 2010)
Note: Vale will pay $0.24* per outstanding common or prf sh on Oct 20. Alcoa will pay a $0.75* div on it $3.75* cmltv pr stock on July 1, rec June 11. Franco-Nevada will start paying a semi-annual div…
LENDING RATES (July 12, 2010)
as of 9 a.m. ET. July 6, 2010 (%) Bank of Canada 0.75 Target overnight rate 0.50 Canadian Prime 2.25 U.S. Discount Primary 0.75 U.S. Fed Funds market rate 0-0.25 U.S. Prime 3.2…