Lending Rates (December 08, 2008)
as of 9 a. m. ET. Nov. 25, 2008 (%) Bank of Canada 2.50 Target overnight rate 2.25 Canadian Prime 4.00 U. S. Discount Primary 1.25 U. S. Fed Funds market rate 1.00 U. S. Prime …
Articles by Northern Miner Staff
Reed Lake Drilling Paying Off For VMS Ventures
Vancouver — The Reed Lake discovery continues to return solid copper-zinc-silver-gold intersections for VMS Ventures (VMS-V, VMSTF-O).
Carpathian Doubles Rovina Gold Resource
Carpathian Gold (CPN-T, CPNFF-o) has doubled the resource at its Rovina Valley project in the heart of the Golden Quadrilateral of western Romania’s Transylvania region, 300 km northwest of Bucharest.
Thor Vein Returns Strong Gold Grades For Northern Abitibi
Discovered earlier this season by trenching, the Thor vein at the Viking gold project near Sops Arm, Nfld., is proving to be a promising discovery, reports operator Northern Abitibi Mining (NAI-V, NOM…
Iron Ore Contract Prices To Drop, Standard Chartered Says
Contract prices for iron ore will fall 15-20% in 2009, according to the commodity research team at Standard Chartered.
Bargains To Be Had — For Patient Investors
If investors have money to spare and can afford to wait for prices to recover, then recessions can be a good buying opportunity. The question, of course, is how long one has to wait until stock and co…
Denison Slides On Midwest Deferral
Vancouver — Investors drove Denison Mines’ (DML-T, DNN-x) share price down 24% after the company announced plans to shut down the Tony M uranium mine in Utah and shelve development plans for the Midw…
Agnico Bewitched By Kittila
SITE VISIT Kittila, Finland — Finnish legend tells of a powerful witch named Paivio who lived in far northern Finland with the primeval Finnish shamans, famous for their magic. One…
Lme Warehouse Levels (December 08, 2008)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Dec. 02, 2008 (change from Nov. 25 in brackets):
Spot Prices (December 08, 2008)
COURTESY OF SCOTIABANK
Uranium Price Will Rebound: Analysts
Despite the negative outlook for many other commodities, many analysts now forecast that uranium prices will go up in the medium-to longterm due to strong fundamentals: expanding demand from more reac…
On The Greenback, Gold And Global Growth
Global economic growth will be weak next year and commodity prices will remain under severe pressure. The consensus among many in the mining industry seems to be that metal prices won’t recover until …