EXCHANGE RATES (March 22, 2010)
CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate) Date Mar. 15 Mar. 12 Mar. 11 Mar. 10 Mar. 9 US$ in C$ 1.0217 1.0187 1.0265 1.0243 1.0251 C$ in US$ 0.9788 0.9816 0.9742 0.9763 0….
Articles by Northern Miner Staff
INTERNATIONAL QUOTES (March 22, 2010)
Australia (A$) Mar 09 Mar 03 Change Aquila Resources 10.7 9.82 0.88 Bendigo Mining 0.24 0.22 0.02 Centennial Coal 3.93 3.71 0.22 Fortescue Res 4.84 4.70 0.14 Iluka Re…
International Tower Hill ups Livengood again (March 22, 2010)
VANCOUVER — Another 64 holes, another increase to the resource estimate: International Tower Hill Mines (ITH-T) has increased the Livengood gold deposit yet again.
NovaGold raises $175 million (March 22, 2010)
VANCOUVER — NovaGold Resources (NG-T, NG-X) is all cashed up — in two days the Vancouverbased company closed two financings to add US$175 million to its coffers.
Kinross to acquire Underworld Resources (March 22, 2010)
The boards of Kinross Gold (K-T, KGC-N) and Underworld Resources (UW-V) have given their approval to a friendly takeover deal that will give Kinross the junior exploration company’s White Gold project…
Don Coxe: mining’s the best place to be
When Don Coxe looks at the new global economic order he sees opportunity — vast opportunity, especially for North American miners and explorers.
Apollo, Linear merging to form mid-tier gold miner
VANCOUVER — Apollo Gold (APG-T, AGT-X) and Linear Gold (LRR-T) are set to merge into a company with an active gold mine in Ontario, an advanced gold project in Saskatchewan, and a solid cash balance.
TD’s Drummond paints bearish scenario for gold
Maybe it wasn’t what people came to hear — the event’s sponsors after all were gold heavyweights Newmont Mining (NMC-T, NEM-N) and Franco- Nevada (FNV-T), and this was a luncheon at the Prospectors a…
Lundin jumps on Tenke Fungurume news
VANCOUVER — News that a resolution to the contract review is near for the Tenke Fungurume copper mine in the Democratic Republic of the Congo (DRC) lifted part-owner Lundin Mining’s (LUN-T) share pri…
Quadra announces JV with Chinese utility
VANCOUVER — A memorandum of understanding between Quadra Mining (QUA-T, QADMF-O) and State Grid International Development Ltd. (SGID) outlined a deal to jointly develop and operate Quadra’s Franke co…
SRA makes comeback in Portugal
Failed zinc miner Strategic Resource Acquisition (SRA) (SRZ. H-V) has emerged from bankruptcy protection and signed a deal to acquire gold and base metals projects in Portugal.
Loonie nears parity with greenback again
A resurgent Canadian dollar topped financial headlines during the tenth week of trading, as several economic indicators lined up in its favour.