North American Stock Exchange Indices (February 02, 2009)
52-week Date Jan. 26 Jan. 23 Jan. 22 Jan. 21 Jan. 20 High Low S&P/TSX-Ven Comp 867.16 859.69 850.21 851.55 856.68 2814.88 678.62 TSX Composite 8656.51 8627.97 8486.56 8757.89…
Articles by Northern Miner Staff
Great Western Looks South For Rare Earths
As China continually tightens the reins on rare earth exports, Great Western Minerals Group (GWG-V, GWMGF-O) is trying to secure its own supply by signing an option agreement with a South African comp…
Chilean Miner Buys Majority Stake In Explorator Chile
VANCOUVER — Explorator Resources (EXO-V, EXRAF-O) is selling a 51% stake in its Chilean subsidiary, Explorator Chile, to intermediate copper miner Sociedad Punta del Cobre (Pucobre) for a US$17-milli…
TSX Short Positions (February 02, 2009)
Short positions outstanding at Jan. 15/09 (with changes from Dec. 31/08).
Lending Rates (February 02, 2009)
as of 9 a. m. ET. Jan. 27, 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 …
Anvil Rises On New Mining Contracts In DRC
VANCOUVER–The biggest copper producer in the Democratic Republic of the Congo (DRC) has finalized mining contract renegotiations for two of its three mining operations. After more than a year of disc…
People (February 02, 2009)
Andina Minerals — George Bee appointed president and CEO; Carl Hansen has stepped down as president and CEO.
Rusoro Bid: An Offer Gold Reserve Shareholders Can Refuse
Less than 3% of Gold Reserve’s (GRZ-T, GRZ-X) shares have been tendered so far in Rusoro Mining’s (RML-V, RMLFF-O) hostile takeover bid, prompting Rusoro to extend the deadline another month to Feb. 1…
U. S. Markets – Jan. 20-26
U. S. President Barack Obama’s first week in the Oval Office did not calm the jitters on Wall Street. The markets continued to lose ground over the Jan. 20-26 trading period. The Dow Jones Industrial …
Toronto Stock Exchange – Jan. 20-26
The S&P/TSX composite index lost 185 points, or 2.1%, to 8,657 during the Jan. 20-26 trading session, with the Capped Metals and Mining index dropping 2 points, or 0.8%, to 265; and the Capped Mat…
TSX Venture Exchange – Jan. 20-26
As Barack Obama was inaugurated in the United States and the price of gold gained more than US$70 per oz., the S&P/TSX Venture composite index saw another week of small gains and losses. At the en…
Houston Lake Grows West Cedartree
Houston Lake Mining (HLM-V, HLKMF-O) has taken another step towards realizing its ambition of developing a gold mine near Kenora, in northwestern Ontario.