TORONTO STOCK EXCHANGE SEPT. 9-15
The downward market momentum continued over the Sept. 9-15 trading period; the TSX Composite Index plunged a further 3% to make a total loss of 11% since the beginning of the month. The benchmark clos…
Articles by Northern Miner Staff
Welcoming Lunch Featured Speaker
David Harquail is President, CEO and a Director of Franco- Nevada Corporation. He was a senior executive of Old Franco- Nevada from 1987 to 2002 and served as President and Managing Director of Newmon…
TSX VENTURE SHORT POSITIONS (September 22, 2008)
Short positions outstanding at Aug. 31/08 (with changes from Aug. 15/08).
CANADIAN GOLD MUTUAL FUNDS (September 22, 2008)
Featured Fund: Altamira precious & Strategic Metals, as of 07/31/08 (in weighted order): Goldcorp, Barrick Gold, Kinross Gold, Agnico-Eagle Mines, Yamana Gold, Franco-Nevada, Newmont Mining, Compa…
Scorpio hits high grade at Nuestra Senora (September 22, 2008)
VANCOUVER — Underground drill at the Nuestra Senora mine in Mexico is returning bonanza intercepts for Scorpio Mining (SPM-T, SMNPF-O).
LENDING RATES (September 22, 2008)
as of 9 a. m. ET, Sept. 16, 2008 (%) Bank of Canada 3.25 Target overnight rate 3.00 Canadian Prime 4.75 U. S. Discount Primary 2.25 U. S. Fed Funds market rate 2.00 U. S. Prime …
EXCHANGE RATES (September 22, 2008)
CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate) Date Sept. 15 Sept. 12 Sept. 11 Sept. 10 Sept. 9 US$ in C$ 1.0677 1.0609 1.0796 1.0738 1.0679 C$ in US$ 0.9366 0.9426 0.9263 0.9313…
INTERNATIONAL QUOTES (September 22, 2008)
Australia (A$) Sept 16 Sept 9 Change Bendigo Mining 0.15 0.17 -0.02 Kingsgate Cons. 4.50 4.47 0.03 Lion Selection Ltd 1.38 1.45 -0.07 Newcrest Mining 21.45 21.20 0.25 …
LARGO BAGS MORE MOLY AT NORTHERN DANCER
VANCOUVER — Largo Resources’ (LGO-V, LGORF-O) hunt for higher-grade molybdenum at Northern Dancer appears to be paying off.
Southwestern settles lawsuits for $15.5M
Southwestern Resources (SWG-T, SWGGF-O) has settled the class action lawsuits brought against it last year following news that drill grades in the database of its Boka gold project, in China’s Yunnan …
Ecuador’s mining reforms nearly complete: official
DENVER, COLO.–The draft of a new mining law that sets royalties on a sliding scale of 3-8% will be submitted to Ecuador’s legislature in the middle ofOctober, the country’s acting vice-minister of mi…
Musings on the gold price from Denver
DENVER, COLO. — Gold prices are going to remain quite volatile in the short term but in the long run, the yellow metal will set new records, Martin Murenbeeld of Dundee Wealth Economics, told investo…