Lending Rates (March 30, 2009)
as of 9 a. m. ET. March 24, 2009 (%) Bank of Canada 0.75 Target overnight rate 0.50 Canadian Prime 2.50 U. S. Discount Primary 0.50 U. S. Fed Funds market rate 0-0.25 U. S. Prime…
Articles by Northern Miner Staff
Exchange Rates (March 30, 2009)
CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate) Date Mar. 23 Mar. 20 Mar. 19 Mar. 18 Mar. 17 US$ in C$ 1.2323 1.2371 1.2725 1.2720 1.2718 C$ in US$ 0.8115 0.8083 0.8119 0.7862 0…
Mayhem In Madagascar
Madagascar is in a state of upheaval, and while foreign miners with operations there deny being affected, no one knows how it will play out in the end.
Teck Ordered To Pay US Natives $1M For Trail Smelter Pollution
VANCOUVER– After exhausting its appeal options, Teck (TCK. B-T, TCK-N) has been ordered to pay more than US$1 million to an American Indian tribe to reimburse legal expenses it incurred trying to for…
Dorato Raising $5M For Taricori
VANCOUVER — Dorato Resources (DRI-V, DRIFF-O) is topping up its cash reserves with a $5-million private placement underwritten by Canaccord Capital to help fund a 35-hole drill program on the Taricor…
Hedge Fund SRM Wins Battle For HudBay
VANCOUVER — The battle for control of HudBay Minerals (HBM-T, HBMFF-O) got uglier in the week leading up to the proxy vote deadline, with both the incumbent board and its challengers using letters an…
When Harry Met Tye
Kinross Gold served up the biggest surprise of the eleventh trading week of the year, with its first-ever foray into the diamond business in the form of a US$150-million investment in Harry Winston an…
Commodities Forecasted To Rebound In 2010
One of the most anticipated and well-attended sessions at the recent Prospectors and Developers Association of Canada convention in Toronto was a presentation on commodities and the market outlook. Af…
People (March 30, 2009)
Abitex Resources– Ian Peres and Peter Hawley appointed directors.
U. S. Markets – March 17-23
U. S. equity markets continued to rally during the March 17-23 reporting period. The Dow Jones Industrial Average was up 559 points, or 7.7%, at 7,776; the S&P 500 index advanced 69 points, or 9.2…
Toronto Stock Exchange -March 17-23
More details from U. S. Treasury Secretary Timothy Geithner regarding how the toxic asset mess would be cleaned up helped lift markets in New York and Toronto over the March 17-23 reporting period. Th…
TSX Venture Exchange – March 17-23
It has to be called a good five days. Over the March 17-23 reporting period, the S&P/TSX Venture composite index appreciated 9.1%, gaining 76.71 points to close at 924.02. There wasn’t any startli…