Canadian Gold Mutual Funds (January 12, 2009)
Featured Fund: Altamira precious & Strategic Metals, as of 07/31/08 (in weighted order): Goldcorp, Barrick Gold, Kinross Gold, Agnico-Eagle Mines, Yamana Gold, Franco-Nevada, Newmont Mining, Compa…
Articles by Northern Miner Staff
Pacific Rim Does Battle In El Salvador
With its patience wearing thin, Pacific Rim Mining (PMU-T, PMU-X) is preparing to play hardball with the government of El Salvador.
TSX Venture Short Positions (January 12, 2009)
Short positions outstanding at Dec. 15/08 (with changes from Nov. 30/08). Largest short positions Gold Wheaton Gold GLW 1426300 756827 Westernzagros Res WZR 1128911 -15500 Fortuna Si…
Dividends (January 12, 2009)
Company Div. Pay Record ($) Date Date Iamgold 0.06* Jan 12 Dec 24 Sherritt Int’l 0.036 Jan 14 Dec 31 Yamana 0.01 Jan 14 Dec 31 Cameco 0.06 Jan 15 Dec 31 Royal Gold …
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$75-million financing.
ARM, Vale To Turn Teal Into 50-50 JV
VANCOUVER– In a roundabout deal, Vale (RIO-N) is paying a hefty premium to get its hands on half of Teal Exploration and Mining (TL-T, TLXMF-O).
Juniors Looking For A Lifeline
When a mine closes down, it makes news — and so do the attendant layoffs, which even for a small mine, can number in the hundreds.
Gold Reserve, Rusoro Continue War Of Words
Calling Rusoro Mining’s (RML-V, RMLFF-O) unsolicited takeover bid “opportunistic” and “financially inadequate,” Gold Reserve’s (GRZ-T, GRZ-X) board of directors has unanimously recommended that shareh…
Editorial: Miners Limp Across The Finish Line
The last two trading weeks of 2008 were characterized by miners catching their breath and licking their wounds after a brutal past few months.
Exchange Rates (January 12, 2009)
CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate) Date Jan. 5 Jan. 2 Jan. 1 Dec. 31 Dec. 30 US$ 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.
Silver Eagle Suspends Mining At Miguel Auza
The Mexican government has given its stamp of approval to an agreement Silver Eagle Mines (SEG-T, SVEGF-O) has reached with its union to temporarily shut down the company’s Miguel Auza mine in Zacatec…