Daily Metal Prices (December 01, 2008)
Date Nov. 24 Nov. 21 Nov. 20 Nov. 19 Nov. 18 BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne) Al Alloy 1315/1375 1325/1370 1315/1355 1350.50/1420 138…
Articles by Northern Miner Staff
Expansion Drilling Turns Up More Gold For Central Sun
Vancouver–Even though a failed financing has forced the company to suspend a major development project at one of its two Nicaraguan gold mines, Central Sun Mining (CSM-T, SMC-x) continues to hit good…
Red Back Boosts Bought Deal To $60M
Vancouver — Within three hours of announcing a $40-million bought deal, Red Back Mining (RBI-T, RBIFF-o) went back to the wire and boosted that number by $20 million.
George Forrest Bids For Forsys Metals
While other juniors fight to remain solvent amidst a lurching global economy, Forsys Metals (FSY-T, FOSYF-o) has managed to snag a potential $580-million windfall.
International Quotes (December 01, 2008)
Australia (A$) Nov 25 Nov 4 Change Bendigo Mining 0.12 0.12 0.00 Kingsgate Cons. 2.80 2.93 -0.13 Lion Selection Ltd 0.92 1.10 -0.18 Newcrest Mining 24.45 20.65 3.80 R…
North American Stock Exchange Indices (December 01, 2008)
52-week Date Nov. 24 Nov. 21 Nov. 20 Nov. 19 Nov. 18 High Low S&P/TSX-Ven Comp 722.79 704.17 691.95 730.09 750.25 2886.39 685.07 TSX Composite 8440.87 8155.39 7724.76 8490.56…
Minefinders Pours First Gold
Minefinders’ (MFL-T, MFN-x) Dolores open-pit mine in Chihuahua, Mexico, is expected to produce more than 1.7 million oz. gold and 64 million oz. silver over an estimated 15-year life.
Torlon Hill Small, But Rich
Vancouver — Firestone Ventures (FV-V, FSVEF-o) has proven up a small, high-grade zinc-lead resource at its Torlon Hill project in Guatemala.
NovaGold Shutters Rock Creek Mine
Vancouver — NovaGold Resources (NG-T, NG-x) shares plunged $1.48 to close at 72 after the company announced it was suspending production at its Rock Creek gold mine and that it wouldn’t be able to m…
BHP Billiton Drops Rio Tinto Offer
The world’s largest miner, BHP Billiton (BHP-N, BLT-l), has withdrawn its hostile takeover bid for fellow mega-miner Rio Tinto (RTP-N, RIO-l).
Tsx Short Positions (December 01, 2008)
Short positions outstanding at Nov. 15/08 (with changes from Oct. 31/08).
Canadian Gold Mutual Funds (December 01, 2008)
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…