TSX VENTURE EXCHANGE AUG. 19-25
The S&P-TSX Venture Composite Index posted a gain over the Aug. 19-25 trading week, closing up 16.37 points at 1,940.01. It was the first weekly gain in several months for the junior board. Daily …
Articles by Northern Miner Staff
Nevada-focused Victoria, Gateway, agree to merger
VANCOUVER — Victoria Gold (VIT-V, VITFF-O) will acquire all of the outstanding shares of Gateway Gold (GTQ-T, GWYGF-O) in a friendly merger that will produce a Nevada-focused explorer with one advanc…
TSX SHORT POSITIONS (September 01, 2008)
Short positions outstanding at Aug. 15/08 (with changes from Jul. 31/08).
LENDING RATES (September 01, 2008)
as of 9 a. m. ET, Aug 19, 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 5…
HudBay’s Balmat zinc operation goes bust
VANCOUVER–Less than two years after ramping the Balmat mine back up to full production, HudBay Minerals (HBM-T, HBMFF-O) is closing the New York state zinc mine and concentrator.
Imperial gets Sterling drill results in Nevada
VANCOUVER — Imperial Metals (III-T) is having success at the past-producing Sterling gold mine, 185 km northwest of Las Vegas, Nev., with positive drill results from its 144 zone.
ArcelorMittal shores up Brazilian iron ore assets
VANCOUVER — ArcelorMittal (MT-N) cut two sizable cheques on the same day for two iron assets in Brazil.
Chinalco limited to 15% Rio Tinto stake
The Australian government has approved a maximum holding of 14.99% in the shares of Rio Tinto PLC( RTP-N, RIO-L) for Aluminum Corp. of China (Chinalco). The approval is subject to the conditions that …
12 SNC-Lavalin employees die in Algeria bombing
Twelve SNC-Lavalin (SNC-T) employees were killed and another 15 injured in Algeria, when a car bomb exploded near a bus they were riding to work.
U. S. MARKETS AUG. 19-25
Dipping gas prices this month have given consumers a glimmer of hope — despite weak economic growth and higher inflation generally. The Conference Board is backing that up with results from its lates…
TORONTO STOCK EXCHANGE AUG. 19-25
The S&P-TSX Composite Index rose during the Aug. 19-25 trading session, on the back of strengthening oil and gold prices, gaining 170 points, or 1.3%, to 13,289. Mining and materials issues did ev…
EXCHANGE RATES (September 01, 2008)
CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate) Date Aug. 25 Aug. 22 Aug. 21 Aug. 20 Aug. 19 US$ in C$ 1.0464 1.0458 1.0456 1.0628 1.0607 C$ in US$ 0.9557 0.9562 0.9564 0.9409 0…