CANADIAN GOLD MUTUAL FUNDS (June 23, 2008)
as of Apr. 1/2008
Articles by Northern Miner Staff
U. S. MARKETS JUNE 10-16
It was a volatile week for U. S. markets as crude oil prices rose to a new record of US$139.89 per barrel. Higher costs for gas and food dominated the headlines, while housing starts slid 3.3% in May …
PEOPLE (June 23, 2008)
African Copper — Christopher Fredericks appointed CEO; Joseph Hamilton has resigned as CEO and a director.
Breaking up the board
Genco Resources’ (GGC-T, GNCC-O) largest shareholder and former director wants to overthrow three of seven company directors in a proxy vote on June 26, claiming that they are overpaid and putting the…
Aura buys copper mine in Mexico
Aura Minerals (ORA-T, ORAUF-O) has spent $70 million in cash and shares for a producing copper mine in Mexico that has the potential to turn out 28,000 tonnes of copper concentrate per year.
Nova Scotia revisits uranium moratorium (June 23, 2008)
Nova Scotia’s 26-year-old ban on uranium mining will soon be up for debate, and could be lifted under certain conditions, says the province’s minister of Natural Resources, David Morse.
Gold Wheaton: Dream team, dream concept
When the team behind Gold Wheaton first approached David Cohen about the idea of mimicking the wildly successful business model of Silver Wheaton (SLW-T, SLW-N), the former chief executive of Northern…
First hole golden for Northern Freegold (June 23, 2008)
VANCOUVER — The first hole of the summer season into Northern Freegold Resources’ (NFR-V, NFRGF-O) Freegold Mountain project in the Yukon has returned a stunning gold result that has the company’s ma…
First Metals moves on Magusi
First Metals (FMA-T, FSTMF-O) has received permission to develop an underground access ramp to extract a 50,000-tonne bulk sample from its Magusi River zinc-coppergold-silver deposit near Rouyn-Norand…
EXCHANGE RATES (June 23, 2008)
CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate) Date June 16 June 13 June 12 June 11 June 10 US$ in C$ 1.0211 1.0282 1.0232 1.0174 1.0243 C$ in US$ 0.9793 0.9726 0.9773 0.9829 0…
Raytec shares surge over potash
VANCOUVER — With potash fever continuing unabated, news of a potash resource estimate recently catapulted Raytec Metals’ (RAY-V, RAYMF-O) share price up 128%.
Northern Freegold takes stock at Burro Creek
VANCOUVER– Northern Freegold Resources (NFR-V, NFRGF-O) completed a 33-hole, 2,565-metre drilling program this winter at Burro Creek, in southeastern Mohave Cty., Arizona, to get a handle on the proj…