Lending Rates (March 08, 2010)
as of 9 a.m. ET. March 2, 2010 (%) Bank of Canada 0.50 Target overnight rate 0.25 Canadian Prime 2.25 U.S. Discount Primary 0.50 U.S. Fed Funds market rate 0-0.25 U.S. Prime 3….
Articles by Northern Miner Staff
Exchange Rates (March 08, 2010)
CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate) Date Mar. 1 Feb. 26 Feb. 25 Feb. 24 Feb. 23 US$ in C$ 1.0420 1.0526 1.0675 1.0550 1.0517 C$ in US$ 0.9596 0.9500 0.9368 0.9479 0….
International Quotes (March 08, 2010)
Australia (A$) Mar 03 Feb. 23 Change Aquila Resources 9.82 9.71 0.11 Bendigo Mining 0.22 0.24 -0.02 Centennial Coal 3.71 3.75 -0.04 Fortescue Res 4.70 4.84 -0.14 Iluk…
Golden Predator Finds Gold In California
VANCOUVER — Golden Predator Royalty & Development (GPD-T) has hit high-grade gold in the latest drill program at its Golden Ridge project in California. The company plans to identify and tap into…
China Sci-Tech Bids For Chariot
After putting down a dissident shareholder manoeuvre led by Lukas Lundin last September, a triumphant Ulli Rath — Chariot Resources’ (CHD-T) president and chief executive — told a gathering of share…
Pan American And Silver Wheaton Team Up For Navidad
VANCOUVER — Two successful silver companies have joined forces to tackle the Navidad project in Argentina, one of the largest undeveloped silver deposits in the world. In what has now become a famili…
Domestic Vs. Foreign Exploration: Weighing The Risks And Rewards
VANCOUVER — Junior companies have showcased their discoveries at the Mineral Exploration Roundup for decades, with foreign finds often overshadowing domestic projects since the global expansion of the 1990s. While Canadian projects created…
Medoro Moves Ahead At Marmato ‘Golden’ Mountain
Now that Medoro Resources (MRS-V) has compiled resource estimates for its three newly acquired projects in the Marmato Mountain gold district in Caldas state, Colombia, the company plans to expand and upgrade resources and then add them all…
Finland’s Many Virtues Lure Canadian Miners
In late December 2001, Inmet Mining (IMN-T) announced that it would acquire 100% of the Pyhäsalmi underground copper and zinc mine in central Finland for about 60 million euros (US$83 million).The transaction was completed in early 2002…
Diversity Sees Saskatchewan Through The Doldrums
In 2008, for the first time ever, Saskatchewan led the country with about $9.7 billion in mineral sales. In 2009, however, preliminary indications are that the value of mineral sales declined, reflect…
Mineral Exploration Set For A Rebound
As commodity prices continue to rebound, New Brunswick’s mineral industry is expected to gain strength with a number of advanced projects anticipated to reach the mining stage in the near future. The …
Light At The End Of The Tunnel
The mineral industry in Newfoundland and Labrador continued to enjoy a relatively strong level of activity in 2009 as measured by historical standards. Projected expenditures on exploration and deposi…