Rubicon rises on Phoenix gold results
VANCOUVER — Another set of bonanza intercepts from the Phoenix gold project in Red Lake, Ont., added 38% to Rubicon Minerals’ (RMX-T, RBY-X) share price over three days of trading.
Articles by Northern Miner Staff
DAILY METAL PRICES (September 08, 2008)
Date Sept. 1 Aug. 29 Aug. 28 Aug. 27 Aug. 26 BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne) Al Alloy 2410/2460 2440/2480 2410/2460 2470/2510 2430/2…
NORTH AMERICAN STOCK EXCHANGE INDICES (September 08, 2008)
52-week Date Sept. 1 Aug. 29 Aug. 28 Aug. 27 Aug. 26 High Low S&P/TSX-Ven Comp Holiday 1983.64 1963.85 1949.92 1942.60 3192.55 1881.41 TSX Composite Holiday 13771.25 13750.48 …
Axmin’s permits restricted in Central African Republic (September 08, 2008)
A decree by the Central African Republic to amend permits valid for a suite of minerals — restricting them to gold mineralization only –is a devastating blow for Axmin (AXM-V, AXMIF-O), which has sp…
Gold Reserve rebuffs Rusoro’s advance (September 08, 2008)
VANCOUVER–With a letter to Gold Reserve (GRZ-T, GRZ-X) suggesting a friendly merger, Rusoro Mining (RML-V, RMLFF-O) made another move in its gamble to pull most if not all of Venezuela’s major mining…
Holding companies make $259M offer for QGX
Coal and gold explorer QGX (QGX-T, QGXLF-O), one of the first Western companies to get an exploration permit in Mongolia, has received a $259-million takeover offer.
TSX VENTURE SHORT POSITIONS (September 08, 2008)
Short positions outstanding at Aug. 15/08 (with changes from Jul. 15/08).
Exchange Rates (September 08, 2008)
CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate)
Minco adds Sterling to its silver portfolio
VANCOUVER — The company advancing the Fuwan silver property in China, Minco Silver (MSV-T, MISVF-O), is taking over Sterling Mining (SMQ-T, SRLM-O), proprietor of the Sunshine silver mine in Idaho, t…
GobiMin back on track, CFO says
VANCOUVER — With rebounding revenues, a doubled up indicated resource at Yellow Mountain and a new copper discovery at Yanxi, summer has been much kinder to GobiMin (GMN-V, GMNFF-O) than winter.
Getting your permits in China (September 08, 2008)
HONG KONG — Miners intending to enter China’s vast mining and mineral exploration scene need to know the ropes when it comes to the country’s minerals regulatory regime.
Inmet and Petaquilla make nice
Inmet Mining has moved closer to its (IMN-T, IEMMF-O) dream of taking Petaquilla Copper (PTC-T, PTQLF-O) out of the picture at the Petaquilla copper project in Panama, by boosting its bid for the juni…