Editorial: Cananea retaken
While copper prices continued to weaken substantially in early June, falling again below US$3 per lb., there were significant new copper developments on the supply side.
Articles by Northern Miner Staff
Canadians charged in gold-mining Ponzi scheme
Four Canadians and two Americans have been charged by the U.S. Securities and Exchange Commission (SEC) for their roles in leading a US$300-million international Ponzi scheme that involved what looks …
University of Nevada gets boost from gold miners
Barrick Gold (ABX-T, ABX-N), Goldcorp (GG-T, G-N) and Newmont Mining (NMC-T, NEM-N) have donated US$2.4 million to the University of Nevada, Reno’s mining engineering program. The money will help deve…
PEOPLE (June 21, 2010)
Alamos Gold -Eduardo Luna resigned as a director; Anthony Garson appointed a director.
U.S. MARKETS -JUNE 7-11
Comments from the World Bank that a double-dip recession cannot be ruled out, and nagging worries about the debt crisis sweeping Europe, caused U.S. markets to seesaw in the first three days of the Ju…
SPOT PRICES (June 21, 2010)
COURTESY OF SCOTIABANK
DAILY METAL PRICES (June 21, 2010)
Date June 14 June 11 June 10 June 9 June 8 BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne) Al Alloy 1900/1860 1816/1840 1810/1835 1822/1845 1790/179…
NORTH AMERICAN STOCK EXCHANGE INDICES (June 21, 2010)
52-week Date June 14 June 11 June 10 June 9 June 8 High Low S&P/TSX-Ven Comp 1452.78 1460.40 1452.71 1444.57 1451.66 1691.10 1027.29 TSX Composite 11667.34 11666.92 11635.85 …
DIVIDENDS (June 21, 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 $3.75* cmltv pr stock on July 1, rec June 11. Franco-Nevada will start paying a semi-annual div…
LENDING RATES (June 21, 2010)
as of 9 a.m. ET. June 8, 2010 (%) Bank of Canada 0.75 Target overnight rate 0.50 Canadian Prime 2.25 U.S. Discount Primary 0.75 U.S. Fed Funds market rate 0-0.25 U.S. Prime 3.2…
INTERNATIONAL QUOTES (June 21, 2010)
Australia (A$) June 8 June 1 Change Aquila Resources 8.3 9.04 -0.74 Bendigo Mining 0.22 0.22 0.00 Centennial Coal 4.21 4.11 0.10 Fortescue Res 3.92 4.04 -0.12 Iluka R…
EXCHANGE RATES (June 21, 2010)
CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate) Date June 14 June 11 June 10 June 9 June 8 US$ in C$ 1.0253 1.0333 1.0337 1.0395 1.0518 C$ in US$ 0.9753 0.9678 0.9674 0.9620 0.9…