MacArthur’s $100-million pay day disappears
Vancouver – It seemed too good to be true and it was: MacArthur Minerals (MMS-V) fell 45% on news that a $100-mil…
Articles by Northern Miner Staff
Lundin loses US$957M in 2008
Vancouver – Lundin Mining (LUN-T) lost almost US$1 billion in 2008 and now carries US$267 million in debt followi…
Rubicon expands its Red Lake jewel
RED LAKE, ONT. – In summer, Red Lake (population 5,000) is a charming place, well known for its abundant fishing …
Dividends (March 02, 2009)
Note: Xstrata PLC subsidiary, Xstrata Canada is sending a notice of redemption for all outstanding Cmltv prf sh, series 3, redeemable Mar 1 for $25 each in cash, plus accruded and unpaid dividends. Al…
Mineral Production, Exploration At All-Time Highs
Mineral production in New Brunswick reached an all-time high of nearly $1.57 billion in 2007 and about $46 million is expected to be spent on mineral exploration in the province in 2008, an increase o…
Nickel, Precious Metals Bring Record Spending Totals
Exploration and deposit appraisal spending intentions for Manitoba are estimated to be a record $135.8 million for 2008, representing a 32% increase from the $102.6 million spent in 2007.
Daily Metal Prices (March 02, 2009)
Date Feb. 23 Feb. 20 Feb. 19 Feb. 18 Feb. 17 BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne) Al Alloy 1125/1155 1110/1135 1105/1149 1101/1131 1120/1…
North American Stock Exchange Indices (March 02, 2009)
52-week Date Feb 23 Feb. 20 Feb. 19 Feb. 18 Feb. 17 High Low S&P/TSX-Ven Comp 878.94 892.90 902.10 915.82 919.16 2814.88 678.62 TSX Composite 7647.67 7949.99 8185.35 8175.95 …
Boardroom Friction Heats Up For Polar Star
The war being waged in the boardroom of Polar Star Mining (PSR-V, POSRF-O) just got uglier.
HudBay And Lundin Kill Merger Plans
VANCOUVER — HudBay Minerals (HBM-T, HBMFF-O) and Lundin Mining (LUN-T, LMC-N) have officially cancelled their merger plans. The move, however, is no surprise because the deal had already been essenti…
Aquiline Advances Giant Navidad
SITE VISIT GASTRE, ARGENTINA — There are surely very few places where one can stand atop a deposit holding resources of 450-600 million oz. silver. Aquiline Resources’ (AQI-T, AQLNF-O) Navidad…
Anglo American to cut 19,000 jobs this year
Anglo American( AAUK-Q, AAL-L) plans to axe 19,000 jobs or about 10% of its global workforce this year due to trimmed-back production plans and rescheduled projects.