Lending Rates (December 01, 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
Ecuador making mining-friendly noises
Ecuador’s Council of External Commerce and Investment has approved a resolution to eliminate import tariffs on a range mining equipment, Corriente Resources (CTQ-T, ETQ-x) says.
Spot Prices (December 01, 2008)
COURTESY OF SCOTIABANK
Rolling Rock Resource Tops 1M Oz. Gold
Vancouver — As Rolling Rock Resources( RLL-V, RLLGF-o) reworks data for a pending scoping study of its Monument Bay project, 350 km southeast of Thompson, Man., it has topped a million inferred ounce…
Producer And Dealer Prices (December 01, 2008)
Antimony: Mid-mkt US$5,700 /t.
Daily Metal Prices (December 01, 2008)
Date Nov. 24 Nov. 21 Nov. 20 Nov. 19 Nov. 18 BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne) Al Alloy 1315/1375 1325/1370 1315/1355 1350.50/1420 138…
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.
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…
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The world’s largest miner, BHP Billiton (BHP-N, BLT-l), has withdrawn its hostile takeover bid for fellow mega-miner Rio Tinto (RTP-N, RIO-l).
HudBay Bids For Lundin
Vancouver — In a move that took investors and analysts by surprise, HudBay Minerals (HBM-T, HBMFF-o) and Lundin Mining (LUN-T, LMC-n) plans to merge into what they hope will be the next major global …