Barrick Preserves Strong Balance Sheet
The economic crisis may be pushing many companies to the wall, but Barrick Gold (ABX-T, ABX-N) ended the year with a cash balance of US$1.4 billion, an undrawn US$1.5-billion credit facility, and the …
Articles by Northern Miner Staff
Meliadine Gets Scoping Study Go-Ahead
VANCOUVER — After 20 years of work in Canada’s North, Comaplex Minerals (CMF-T, CXMLF-O) has a positive scoping study in hand for a combined open-pit/underground operation at its Meliadine gold proje…
Producer And Dealer Prices (March 02, 2009)
Antimony: Mid-mkt US$4,400 /t.
TSX Short Positions (March 02, 2009)
Short positions outstanding at Feb. 15/09 (with changes from Jan. 31/09).
Lending Rates (March 02, 2009)
as of 9 a. m. ET. Feb. 24, 2009 (%) Bank of Canada 1.25 Target overnight rate 1.00 Canadian Prime 3.00 U. S. Discount Primary 0.50 U. S. Fed Funds market rate 0-0.25 U. S. Prime …
Getting To The Ring Of Fire
Despite the industry slump, exploration in the McFaulds Lake area of northern Ontario continues apace as Noront Resources (NOT-V, NOSOF-O) and other explorers drill off deposits they hope will add up …
TSX Venture Short Positions (March 02, 2009)
Short positions outstanding at Feb. 15/09 (with changes from Jan. 31/09).
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…
Canadian Gold Mutual Funds (March 02, 2009)
Featured Fund: BMO precious metals as of 12/31/08 (in weighted order): Kinross Gold, Allied Nevada Gold, Agnico-Eagle Mines, Goldcorp, Red Back Mining, San Gold, Quadra Mining, Franco-Nevada, Lihir Go…