Nayarit Hits Best Gold Yet At Orion
VANCOUVER– Drilling in the northwestern corner of Nayarit Gold’s (NYG-V, NYRTF-O) Orion property, 110 km north of Tepic, Mexico, has returned 25 metres grading 6.63 grams gold per tonne and 500.9 gra…
Articles by Northern Miner Staff
Mirabela Adds To Santa Rita Resource
Mirabela Nickel (MNB-T, MBN-A) likes to describe its Santa Rita project in Brazil as the world’s largest greenfield nickel sulphide discovery in the last 12 years.
African Copper On The Ropes At Mowana
VANCOUVER — A massive value writedown for its brand new Mowana copper mine in Botswana, depressed copper prices, and a share price barely off the floor has put African Copper (ACU-T, AFNCF-O) in a to…
Spot Prices (January 12, 2009)
COURTESY OF SCOTIABANK Tuesday, Jan. 06, 2009 Precious Metals Price (US$/oz.) Change Gold $844.00 -26.00 Silver $10.85 +0.02 Platinum $945.00 +38.00 Palladium $185.00 +1.50 Base Metals…
Northland Upgrades Tapuli Iron Resource
VANCOUVER — Northland Resources (NAU-T, NRSRF-O) has boosted confidence in its Tapuli magnetite deposit, upgrading most of a 10-month-old resource estimate to the measured and indicated category.
NovaGold Raises US$75M In ‘Gut-Wrenching’ Time
A private New York Citybased company has agreed to take on a 28% interest in cash-strapped NovaGold Resources (NG-T, NG-X) through a US$60-million portion of a US$75-million financing.
ARM, Vale To Turn Teal Into 50-50 JV
VANCOUVER– In a roundabout deal, Vale (RIO-N) is paying a hefty premium to get its hands on half of Teal Exploration and Mining (TL-T, TLXMF-O).
Silvercorp Gains On TLP-LM Prefeasibility
VANCOUVER — China’s largest primary- silver producer, Silvercorp Metals (SVM-T, SVMFF-O), now has a five-year mine plan for its recently acquired and already operating TLP-LM silver-lead project. It …
Lending Rates (January 12, 2009)
as of 9 a. m. ET. Jan. 6, 2009 (%) Bank of Canada 1.75 Target overnight rate 1.50 Canadian Prime 4.00 U. S. Discount Primary 0.50 U. S. Fed Funds market rate 0-0.25 U. S. Prime …
Exchange Rates (January 12, 2009)
CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate) Date Jan. 5 Jan. 2 Jan. 1 Dec. 31 Dec. 30 US$ in C$ 1.1914 1.2107 Holiday 1.2246 1.2217 C$ in US$ 0.8393 0.8260 Holiday 0.8166 0….
Business As Usual After Guinea’s Military Coup
It didn’t take long for unrest to take hold in Guinea after the country’s long-serving president was pronounced dead on Dec. 22 and that has meant increased uncertainty for miners in the country.
U. S. Department Of Energy Plans Surplus Uranium Sales
The U. S. Department of Energy (DOE) has announced plans to sell its surplus uranium inventory over the next nine years. The sales will total the equivalent of about 59 million lbs. uranium oxide, rea…