Earthquake claims 540 in Peru
As rescuers continue to recover bodies from the rubble after a devastating earthquake struck Peru in mid-August, Pan American Silver (PAA-T, PAAS-Q) temporarily suspended its underground operations un…
Articles by Northern Miner Staff
Mongolian ruling thumps Khan, Western Prospector (August 27, 2007)
Vancouver — An abrupt ruling by the Mineral and Petroleum Resources Authority of Mongolia deeming certain exploration licences held by Khan Resources (KRI-T, KHRIF-O) and Western Prospector Group (WN…
International Quotes (August 27, 2007)
Australia (A$) Aug 13 Aug 6 Change Bendigo Mining 0.32 0.32 0.00 Centamin Egypt 1.25 1.25 0.00 Emperor Mines 0.10 0.12 -0.02 Kingsgate Cons. 5.00 4.75 0.25 Lion Selection Ltd…
Exchange Rates (August 27, 2007)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate) Date Aug. 20 Aug. 17 Aug. 16 Aug. 15 Aug. 14 US$ in C$ 1.0541 1.0614 1.0753 1.0778 1.0535 C$ in US$ 0.9495…
Dividends (August 27, 2007)
Company Div.($) Pay Date Record Date Alcoa 0.17* Aug 25 Aug 3 Goldcorp 0.015* Aug 24 Aug 17 Noranda IF 0.085 Aug 27 July 31 Cleveland Cliffs 0.125* Sept 4…
Spot Prices Courtesy of Scotiabank Tuesday, Aug. 20, 2007
Precious Metals Price (US$/oz.) Change Gold $655.50 -11.85 Silver $11.67 -1.09 Platinum $1243.00 -30.00 Palladium $326.00 -25.00 Base Metals Price (US$/lb.) Change Nickel $11.86 -0.74 Lead $1.33 -0.08 Copper $3.20…
IOC ramps up investment in Labrador operations
Strong market demand, addressing operating bottlenecks and improving winter performance were the key drivers behind the Iron Ore Co. of Canada’s (IOC) decision earlier this month to pump $60 million i…
LME Warehouse Levels (August 27, 2007)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Aug. 20, 2007 (change from Aug. 13 in brackets):
Southern Arc takes on abandoned Indonesia (August 27, 2007)
As junior mining companies across the world gripe about lab delays and equipment shortages caused by the so-called “super-cycle,” Southern Arc Minerals (SA-V, SOACF-O) is a little more relaxed in sunn…
Disappointing Q2 for First Quantum
Record rainfall, higher costs and a fall in net sales sent First Quantum Minerals (FM-T, GQVLF-O) second-quarter profits tumbling to US$123.1 million (US$1.83 per share), down 18% from the correspondi…
Golden Star backs up Bogosu power (August 27, 2007)
Golden Star Resources (GSC-T, GSS-X) has contracted for a 20-megawatt power station to be built at its Bogosu-Prestea gold mine complex in central Ghana, and will buy at least half of the plant’s capa…
TSX Rights and Warrants (August 27, 2007)
Agnico Eagle Mines (AEM.WT.U) — Wt buys sh @ US$19 to Nov 14/07.