Update: Analysts deride HudBay-Lundin merger
Vancouver – Almost across the board, analysts downgraded HudBay Minerals (HBM-T) on its proposed merger with Lundin…
Articles by Northern Miner Staff
BHP Billiton backs Peregrine Diamonds on Baffin Island
BHP Billiton (BHP-N, BLT-L), the principal owner of Canada’s wildly successful Ekati diamond mine in the Northwest …
TSX VENTURE EXCHANGE – NOVEMBER 11-17
By the last day of the Nov. 11-17 trading session the S&P-TSX Venture Composite Index slid below 800 points and closed at a low not seen since January 2000. The Venture board lost 128.2 points to …
Mangazeisky showing sparkle for Silver Bear
Vancouver– In its third year exploring the Mangazeisky silver project in Russia’s Sakha Republic, Silver Bear Resources (SBR-t) pulled some short, high-grade intercepts out the of ground, indicating …
PEOPLE (November 24, 2008)
Alcoa — Patricia Russo appointed a director.
SPOT PRICES (November 24, 2008)
COURTESY OF SCOTIABANK
Rare Earths Shortage Looming?
The key metals needed for hybrid cars, flat-screen TVs and energy-efficient lighting could be in short supply in a few years’ time if rare earth element mines aren’t developed outside of China, some i…
Lundin Sees One-Two Punch In Q3
Vancouver– Deteriorating metal prices have forced Lundin Mining (LUN-T, LMC-n) to put one mine on care and maintenance, consider closing another early, and shift production at a third to copper from …
Apex Silver Forced Into Fire Sale Of San Cristobal
Apex Silver Mines (SIL-x) has been forced to sell its 65% stake in the massive San Cristobal zinc and silver mine to its minority partner, Japan-based Sumitomo Corp. (SSUMY-o) for US$22.5 million.
NORTH AMERICAN STOCK EXCHANGE INDICES (November 24, 2008)
52-week Date Nov. 17 Nov. 14 Nov. 13 Nov. 12 Nov. 11 High Low S&P/TSX-Ven Comp 785.79 801.61 813.59 822.50 872.33 2941.52 783.64 TSX Composite 8795.45 9055.96 9352.78 8922.57…
TSX VENTURE SHORT POSITIONS (November 24, 2008)
Short positions outstanding at Oct. 31/08 (with changes from Oct. 15/08).
Geologix grows San Agustin
Vancouver–A new resource estimate for the San Agustin polymetallic property in Durango, Mexico, has doubled the project’s indicated resource and added 74% to its inferred count for owner Geologix Exp…