Atacama to raise $80M
VANCOUVER– Atacama Minerals (AAM-V, ATAAF-O), a major iodine producer in Chile, has announced an $80-million brokered private placement on a best-efforts basis to raise money for its move into fertil…
Articles by Northern Miner Staff
Platmin hires MCC as contractor for Pilanesberg
South African-focused platinum miner Platmin (PPN-T, PLNLF-O) has hired MCC Contracts to conduct open-pit mining at its Pilanesberg mine.
NovaGold sells hydro assets for $40M
NovaGold Resources (NG-T, NG-X) has started cashing in its non-core assets to help it deal with ongoing cost overruns at its three major northern gold projects — but at least one analyst says that No…
Goldcorp dekes out Agnico-Eagle with Gold Eagle bid
The pace of takeovers in the mining sector shows no signs of slowing, with the latest move seeing heavyweight Goldcorp( G-T, GG-N) making a friendly $1.5-billion cash-and-shares bid for Gold Eagle Min…
Augen Gold on hot property
SITE VISIT JEROME, ONT. — Augen Gold (AUJ-V) CEO Michael Fowler believes that where there’s smoke, there’s probably fire. And with the Young-Shannon gold deposit close by (owned by Metallum…
Rio Tinto Alcan starts $200M community fund
Rio Tinto Alcan has started the $200-million Canada fund, aimed at giving back to communities in Quebec and British Columbia, where the company has operations. The subsidiary of mining juggernaut Rio …
JV buys Kintyre from Rio Tinto
Cameco (CCO-T, CCJ-N) is teaming up with a subsidiary of Mitsubishi Corp. (MSBHY-O) to buy Rio Tinto’s (RTP-N, RIO-L) Kintyre uranium project in Australia for US$495 million.
Thumbs up for Silver Eagle’s Miguel Auza mine
The fully permitted Miguel Auza mine, which generated its first revenue for Silver Eagle Mines (SEG-T, SVEGF-O) during a bulk-sampling program last year, shows promising economics according to a prefe…
Yukon-Nevada eyes Ketza revival
WHITEHORSE, YUKON — Yukon- Nevada Gold (YNG-T, YNGFF-O) has cut one of its best intercepts to date at its Ketza River property, about 125 km northeast of Whitehorse, Yukon. The market thanked Yukon-N…
CANADIAN GOLD MUTUAL FUNDS (August 11, 2008)
as of Apr. 1/2008
LENDING RATES (August 11, 2008)
as of 9 a. m. ET, Aug 4, 2008 (%) Bank of Canada 3.25 Target overnight rate 3.00 Canadian Prime 4.75 U. S. Discount Primary 2.25 U. S. Fed Funds market rate 2.00 U. S. Prime 5….
EXCHANGE RATES (August 11, 2008)
CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate) Date July 28 July 25 July 24 July 23 July 22 US$ in C$ 1.0222 1.0164 1.0114 1.0088 1.0085 C$ in US$ 0.9783 0.9839 0.9887 0.9913 0…