Hochschild Offers $22.5M For Southwestern
VANCOUVER — With its Boka troubles finally settled, Southwestern Resources (SWG-T, SWGGF-O) has found itself with a suitor: Hochschild Mining (HCHDF-O, HOC-L) has made a bid to acquire the Vancouver-…
Articles by Northern Miner Staff
Jaguar Financial Derails Cadiscor-Tiomin Tie-Up
A risk of legal action from Jaguar Financial (JFC-T, JGFCF-O) was enough to derail a proposed friendly merger between Cadiscor Resources (CAO-V, CADRF-O) and Tiomin Resources (TIO-T, TMIRF-O).
Platinum Group Metals Lands Japanese Investment
The global economic rout is sending more and more mining companies on a hunt for long-term mining investments from large, quasi-governmental institutions.
Exchange Rates (March 23, 2009)
CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate) Date Mar. 16 Mar. 13 Mar. 12 Mar. 11 Mar. 10 US$ in C$ 1.2724 1.2749 1.2905 1.2807 1.2797 C$ in US$ 0.7859 0.7844 0.7749 0.7808 0…
Lending Rates (March 23, 2009)
as of 9 a. m. ET. March 10, 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 3…
International Quotes (March 23, 2009)
Australia (A$) March 10 March 3 Change Bendigo Mining 0.21 0.21 0.00 Kingsgate Cons. 4.65 4.93 -0.28 Lion Selection Ltd 0.90 0.80 0.10 Newcrest Mining 30.75 31.53 -0.78…
Dividends (March 23, 2009)
Note: Alcoa will pay $0.9375* on its $3.75* cmltv pr sh on Apr 1, rec Mar 13. Vale will payu $0.4795 for all shares on Apr 30 and Oct 30. Anglo American has suspended its dividend which totals $0.44* …
‘Squeaky Clean’ Lydian Gets Help From EBRD, IFC
The European Bank of Reconstruction and Development (EBRD) will invest $1.6 million to finance Lydian International’s (LYD-T) exploration projects in the Western Balkans.
Copper Fox And Lions Gate Consider Merger
VANCOUVER — Copper Fox Metals (CUU-V, CPFXF-O)and Lions Gate Metals (LGM-V) have signed a letter of intent to merge that would see Copper Fox shareholders receive 0.094 of a Lions Gate share for each…
MacTung Shows Strength For NA Tungsten
VANCOUVER — It will cost almost $400 million to build an underground mine at one of the largest undeveloped tungsten deposits in the world — North American Tungsten’s (NTC-V, NATUF-O) Mac- Tung — b…
Excellon Nixes Onsite Mill In Favour Of Silver Eagle Deal
Excellon Resources (EXN-T, EXLLF-O) is putting plans to build a mill at its Platosa silver-lead-zinc mine in Durango state, Mexico, on hold now that it has struck a friendly merger deal with Silver Ea…
Bronson Slope Gets A Second Try
VANCOUVER — A preliminary economic assessment of Skyline Gold’s (SK-V, SYGCF-O) Bronson Slope gold-copper-silver project in northern British Columbia says the deposit could support a profitable mine …