Fortress looks to Russia’s Far East
Getting to Fortress Minerals’ (FST-V, FTMNF-o) flagship Svetloye property, in Russia’s Far East, isn’t easy. The gold project lies 750 km west of Magadan, a port city on the sea of Okhotsk, where the …
Articles by Northern Miner Staff
Metals Commentary: Daiwa Research sets price bottom for mid-2009
A new report from Japan’s Daiwa Institute of Research forecasts that looser monetary policy next year in China will help stimulate a recovery in investment and metal demand there, while a bottom to th…
LENDING RATES (October 27, 2008)
as of 9 a. m. ET, Oct. 21, 2008 (%) Bank of Canada 2.75 Target overnight rate 2.25 Canadian Prime 4.25 U. S. Discount Primary 1.75 U. S. Fed Funds market rate 1.50 U. S. Prime …
PEOPLE (October 27, 2008)
Africo Resources — Jim Cook, Pieter Deboutte, Matthew Fisher and Douglas Ryan appointed directors.
INTERNATIONAL QUOTES (October 27, 2008)
Australia (A$) Oct 21 Oct 14 Change Bendigo Mining 0.13 0.15 -0.02 Kingsgate Cons. 0.75 0.66 0.09 Lion Selection Ltd 1.30 1.39 -0.09 Newcrest Mining 22.37 26.65 -4.28 …
American Mining Hall of Fame to celebrate new inductees
On Dec. 6, geologists, prospectors and mine engineers will gather in Tucson, Ariz. for the 26th Annual American Mining Hall of Fame Awards Ceremony and Banquet.
TSX VENTURE EXCHANGE – OCT. 14-20
The S&P-TSX Venture Composite Index bounced up and down over the Oct. 14-20 trading session. On the first day of the week, it broke through the 1,000-point mark but by the next day it was back dow…
Capital Gold posts record production at El Chanate (October 27, 2008)
Capital Gold (CGC-T, CGLD-o) has managed to keep a tight lid on costs at its El Chanate gold mine in Mexico during the operation’s first fiscal year.
LME WAREHOUSE LEVELS (October 27, 2008)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Oct. 21, 2008 (change from Oct. 14 in brackets):
SPOT PRICES (October 27, 2008)
COURTESY OF SCOTIABANK
Study puts Stornoway’s Aviat on the diamond map
A conceptual study suggests that Stornoway Diamond (SWY-T, SWYDF-o) could find 24.1 to 40.3 million carats of diamonds in the Eastern Sheet Complex of its Aviat project, in eastern Nunavut.
North American Tungsten cancels US$19.4M private placement with Chinese enterprise
North American Tungsten (NTC-V, NATUF-o) has cancelled a private placement of about 13.4 million units in the company at a price of $1.45 per unit that was part of a strategic alliance agreement with …