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 …
Articles by Northern Miner Staff
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.
Marathon PGM Takes The Long View
SITE VISIT MARATHON, ONT. — In the 40 years that Marathon PGM (MAR-T, MRPGF-O) president and CEO Phillip Walford has been in the mining and exploration business, he’s never seen…
Barrick Buys Out Teck At Hemlo
In yet another asset sale to deal with its short-term debt crisis, Teck (TCK. B-T, TCK-N) is unloading its half stake in the Hemlo gold assets in northwestern Ontario on its joint-venture partner, Bar…
Tiger Finding High-Grade Copper In The DRC
VANCOUVER– The mineral wealth of the Democratic Republic of the Congo (DRC) is far from tapped, if Tiger Resources’ (TGS-T, TRSDF-O) copper discoveries in the African country are any indication.
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.
The Scoop On TFSAs
Tax Free Savings Accounts, or TFSAs, have come along at a perfect time for those of us who invest or trade in speculative resource stocks. Introduced in last year’s federal budget, TFSA’s came into ef…
China Inc. Steps Up Foreign Acquisitions
China’s state-owned companies are ratcheting up their acquisitions of struggling mining companies that have been hit by the financial crisis and poor metal prices.
Capstone Upgrades Kutcho Resource
VANCOUVER — Every little increase in grade helps at current copper prices.
Newmont Posts Record Revenues In 2008
Newmont Mining (NMC-T, NEM-N) saw higher multiples in 2008, with the gold major posting revenues of about US$6.2 billion for the year, up 12% over 2007’s US$5.5 billion.