Gleichen Gets Teck’s Morelos Gold Project
VANCOUVER — On the heels of closing a $241-million financing, Gleichen Resources (GRL-V) has acquired Teck Resources’ (TCK. B-T, TCK-N) 78.8% stake in the Morelos gold project for US$150 million and …
Articles by Northern Miner Staff
Cliffs Warms To Ring Of Fire
Ontario’s enticing but remote Ring of Fire polymetallic exploration camp took another step towards becoming a mining centre in late November with the first significant move into the camp by a miner ac…
PDAC Makes Pre-Budget Proposals
— The following is an edited excerpt of the Prospectors and Developers Association of Canada’s (PDAC) pre-budget recommendations to the federal government.
Correction (November 30, 2009)
In our article on this year’s Canadian Mining Hall of Fame inductees ( T. N. M., Nov. 23-29/09), we incorrectly stated the date of the inductee dinner. The dinner will take place on Thursday, Jan. 14,…
People (November 30, 2009)
Atacama Minerals — Tim Miller appointed president, CEO and a director, replacing a retiring Edward Posey.
U.S. Markets – NOVEMBER 17-23
U. S. markets remained in a holding pattern during the Nov. 17-23 reporting period, with the Dow Jones Industrial Average inching up just 13.53 points or 0.13% to close at 10,450.95, while the S&P…
LME Warehouse Levels (November 30, 2009)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, November 24, 2009 (change from Nov. 17 in brackets):
TSX Short Positions (November 30, 2009)
Short positions outstanding at Nov. 15/09 (with changes from Oct. 31/09).
Canadian Gold Mutual Funds (November 30, 2009)
*as of Sept. 30/09
Exchange Rates (November 30, 2009)
CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate) Date Nov. 23 Nov. 20 Nov. 19 Nov. 18 Nov. 17 US$ in C$ 1.0551 1.0696 1.0638 1.0500 1.0592 C$ in US$ 0.9478 0.9349 0.9400 0.9524 0…
Lending Rates (November 30, 2009)
as of 9 a. m. ET. Nov. 10, 2009 (%) 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 …
Dividends (November 30, 2009)
Note:Vale will pay $0.4795 for common and prf class A shares on Oct 30. Alcoa will pay US93.75 cents per share on its US$3.75 cmltv prf stk payable Jan 1, record close Dec 11. Freeport McMoRan Copper …