Articles by Northern Miner Staff


Dividends (December 15, 2008)

Note: Alcoa will pay its quarterly div of US$0.9375 for US$3.75 cmltv pr sh on Jan 1, rec Dec 12. Xstrata Canada will pay $0.2863 div for pref sh series…


Kodiak’s Golden Mile Growing

Vancouver — The Golden Mile project is starting to outgrow its name: Kodiak Exploration (KXL-V, KXLAF-O) has traced its rich quartz vein gold system near Thunder Bay, Ont., along 8 km of strike and t…



Lending Rates (December 15, 2008)

as of 9 a. m. ET. Dec. 9, 2008 (%) Bank of Canada 2.50 Target overnight rate 1.50 Canadian Prime 4.00 U. S. Discount Primary 1.25 U. S. Fed Funds market rate 1.00 U. S. Prime 4…



Exchange Rates (December 15, 2008)

CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate) Date Dec. 8 Dec. 5 Dec. 4 Dec. 3 Dec. 2 US$ in C$ 1.2572 1.2969 1.2540 1.2573 1.2421 C$ in US$ 0.7954 0.7711 0.7974 0.7954 0.8051…


International Quotes (December 15, 2008)

International Quotes Australia (A$) Dec 9 Nov 25 Change Bendigo Mining 0.13 0.12 0.01 Kingsgate Cons. 2.68 2.80 -0.12 Lion Selection Ltd 0.79 0.92 -0.13 Newcrest Mining 28….


HudBay-Lundin Merger Draws Fire

Vancouver — What was supposed to be a friendly merger between HudBay Minerals (HBM-T, HBMFF-O) and Lundin Mining (LUN-T, LMC-N) is turning into a nasty battle, as groups of HudBay shareholders demand…


Vale Scales Back

As the world economy continues to unravel, Vale (RIO-N) is closing its Copper Cliff South nickel mine in Sudbury, Ont., suspending its Voisey’s Bay nickel operations in Labrador for a month next July,…


Drilling on the Valdecanas vein, at MAG Silver and Fresnillo's Juanicipio silver-gold-lead-zinc property, in Zacatecas state, Mexico. Fresnillo, whose namesake silver mine is located next to Juanicipio, has launched a hostile, all-cash offer for its joint-venture partner.

Fresnillo Moves On MAG Silver

In what executives at MAG Silver (MAG-T, MVG-X) are calling a “take-under” bid, a subsidiary of Fresnillo (FNLPF-O, FRES-L) is offering US$4.54 per share in cash for all of MAG’s outstanding shares. M…


Seabridge Puts KSM’s Mine Life At 30 Yrs

Vancouver — A preliminary economic assessment has put a US$3.4- billion price tag on the Kerr-Sulphurets- Mitchell (KSM) gold project in northwest British Columbia, but the investment would buy a 30-…


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