EXCHANGE RATES (October 20, 2008)
CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate) Date Oct. 13 Oct. 10 Oct. 9 Oct. 8 Oct. 7 US$ in C$ n/a 1.1907 1.1486 1.1249 1.1058 C$ in US$ n/a 0.8398 0.8706 0.8890 0.9043 EXC…
Articles by Northern Miner Staff
Zaruma stops to look for money
Zaruma Resources’ (ZMR-T) has halted the development of its Luz del Cobre copper project in Mexico for lack of fund…
Azimut on Ungava uranium hunt (October 17, 2008)
One thing you can’t say about Jean-Marc Lulin, president and CEO of Azimut Exploration (AZM-V), is that he thinks s…
Daiwa Research says prices likely to bottom in mid-2009
A new report from the Daiwa Institute of Research forecasts that looser monetary policy next year in China will h…
North American Tungsten cancels private placement with Chinese enterprise
North American Tungsten (NTC-V) has cancelled a private placement of about 13.4 million units in the company at a p…
Blue Note to shut Caribou and Restigouche
Blue Note Mining (BN-T, BNMFF-O) is the latest miner to join the care and maintenance club after less than a year o…
Belvedere suspends mine development work at Hitura
Plunging nickel prices have forced Belvedere Resources (BEL-V) to temporarily suspend mine development work at its …
New Guinea Gold has more yellow on its hands
There’s more gold in the hills around New Guinea Gold’s (NGG-V) already producing Sinivit mine in Papua New Guinea,…
NovaGold makes progress in Q3
NovaGold Resources (NG-T, NG-X) reported earnings of $16.7 million for the third quarter due mainly to the sale of …
Newmont rethinks Hope Bay (October 16, 2008)
Rather than proceed with a mine plan conceived by former owner Miramar Mining that would see production begin this …
Fortress Minerals banks on Russia with Svetloye project
Getting to Fortress Minerals’ (FST-V) flagship Svetloye property in the Russian Far East isn’t easy. Svetloye lies …
Agnico-Eagle on track with Meadowbank for 2010 (October 16, 2008)
Gold-bearing Archean greenstone belts were first discovered in the Baker Lake area of what is now Nunavut in the …