People (April 13, 2009)
Archangel Diamond — Tony Guthrie has resigned as a director; Robin Smart appointed a director.
Articles by Northern Miner Staff
Noranda Income Fund Cuts Jobs, Production
A drop in zinc and sulphuric acid demand has forced the Noranda Income Fund (NIF. UN-T) to cut 45 jobs at its zinc plant in Salaberryde- Valleyfield, Que.
Toronto Stock Exchange – March 31-ApriL 6
Prime Minister Stephen Harper boasted about the strength of Canada’s resource-heavy economy and sound banking system during the G20 summit in London, UK, that took place during the March 31-April 6 tr…
Great Basin Raises $130M For Burnside Gold Project
Great Basin Gold (GBG-T, GBG-X) is determined to get its Burnside gold project in South Africa up and running by July 2010 and has completed an equity financing to do it.
Quebec Promises Northern Highway Improvements
Mining and exploration companies are elated that the Quebec government has set aside about $698 million for road infrastructure projects in the province’s north.
TSX Venture Exchange – March 31-April 6
Over the March 30-April 6 trading period the S&P TSX Venture Composite Index saw three days of gains half erased by two days in the red, leaving the board up just 17.97 points by the end of the pe…
LME Warehouse Levels (April 13, 2009)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Apr. 7, 2009 (change from Mar. 31 in brackets):
Endeavour Silver Boosts Revenues, Production
Endeavour Silver (EDR-T, EXK-X) seemed to defy gravity last year with revenues up 22% to US$39.3 million, production up 10% to 2.3 million oz. silver, and cash costs that fell 4% to US$9.03 per oz. si…
Capella Stock Soars On Lajitas Gold Intercept
Capella Resources (KPS-V) has intersected 105 metres of 1.59 gram gold per tonne in a drill hole on its Lajitas project in the Maricunga district of the Andes in northern Chile. The intercept starts a…
Paramount Gold And Silver Trades Major Stake For $9M
VANCOUVER–Through a $9-million financing, Paramount Gold and Silver (PZG-T, PZG-X) is selling as much as a quarter of the company to Toronto-based FCMI Financial.
Silver Wheaton To Consolidate Grip On Industry
Silver Wheaton’s (SLW-T, SLW-N) proposed acquisition of Silverstone Resources (SST-V, SVRCF-O) will give it immediate production and cash flow from a number of low-cost mines in politically stable cou…
Exchange Rates (April 13, 2009)
CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate) Date Apr. 6 Apr. 3 Apr. 2 Apr. 1 Mar. 31 US$ in C$ 1.2429 1.2337 1.2384 1.2643 1.2602 C$ in US$ 0.8046 0.8106 0.8075 0.7910 0.793…