Updated Scoping Study Beefs Up Canarc’s New Polaris
Work on a preliminary assessment for the New Polaris gold project, in northwestern B. C., has yielded improved economics for owner Canarc Resource (CCM-T, CRCUF-O).
Articles by Northern Miner Staff
Exchange Rates (January 19, 2009)
CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate) Date Jan. 12 Jan. 9 Jan. 8 Jan. 7 Jan. 6 US$ in C$ 1.2077 1.1923 1.1888 1.1853 1.1823 C$ in US$ 0.8280 0.8387 0.8412 0.8437 0.845…
Strongbow To Tally Nickel King Resource
In September, Strongbow Exploration (SBW-V, SBWFF-O) received assay results for the final 14 holes of its 2008 drill program at its Nickel King project in the Northwest Territories.
Selkirk Sees Solid Results At Ruddock Creek
Underground drilling in the E zone at the Ruddock Creek property, 100 km northwest of Revelstoke in southeastern British Columbia, is yielding some solid zinc intercepts for Selkirk Metals (SLK-V, SKR…
Lending Rates (January 19, 2009)
as of 9 a. m. ET. Jan. 13, 2009 (%) Bank of Canada 1.75 Target overnight rate 1.50 Canadian Prime 4.00 U. S. Discount Primary 0.50 U. S. Fed Funds market rate 0-0.25 U. S. Prime …
Monument Loses $10M Credit Line
VANCOUVER — Two lenders have backed out of a $10-million credit facility earlier promised to Monument Mining (MMY-V, MMTMF-O). But despite the loss of funds, the company says construction of its Seli…
Andina Riding High At Volcan
SITE VISIT COPIAPO, CHILE — Using its US$19 million in working capital, Andina Minerals (ADM-V, ADMNF-O) is moving forward on its advanced Volcan gold-sulphur exploration project here, high in the…
Debt Troubles Start To Pile Up For Miners
VANCOUVER–For a growing number of mining companies unable to make payments on significant debts, the prospects for a happy new year are growing dim.
North American Tungsten Bets On Unleaded Future
VANCOUVER — North American Tungsten (NTC-T, NATUF-O) is transforming itself. No longer is it just a tungsten mining company responsible for making about 4% of the world’s tungsten concentrates. It is…
Editorial: Mining Sector Layoffs Pick Up Steam
Quite a few miners across Canada and beyond rang in the new year with layoff notices, as the autumn commodities bust worked its way into the employment scene.
Commentary: Commodity Prices To Bottom In 2009: Banks
While TD Bank sees the commodities market starting to rebound in the second half of 2009, followed by more pronounced price increases in 2010, the World Bank believes that, over the long term, commodi…
People (January 19, 2009)
American Creek Resources — Seamus Young has retired as a director.