Lending Rates (March 19, 2007)
as of 9 a.m. ET, Mar. 13, 2007 (%) Bank of Canada 4.50 Target overnight rate 4.25 Canadian Prime 6.00 U.S. Discount Primary 6.25 U.S. Fed Funds market rate 5.25…
Articles by Northern Miner Staff
BID-ASK — March 6-12, 2007
STOCK EXC BID ASK LAST HIGH LO AfriOre Ltd T 8.72 8.75 8.72 8.80 0.001 Agau Res V 0.40 0.445 0.50 0.66 0.30 American G Cap V 2.70 2.72 2.72…
Sabina likes Hackett River preliminary economics (March 19, 2007)
Vancouver — Aspiring Nunavut silver-zinc producer Sabina Silver (SBB-V, SBBFF-O) moved another step forward with a positive preliminary economic assessment (PEA) on its Hackett River project, located…
Denison studying open pits at McClean, Hairhan
While chewing on two acquisitions, Denison Mines (DML-T, DNMIF-O) is digesting new resource estimates for the McClean Lake and Hairhan uranium deposits in Saskatchewan and Mongolia, respectively.
Mena raises $72M, Rusoro takes over
Vancouver — Soon after closing a $72-million brokered private placement, gold explorer Mena Resources was absorbed by project partner Rusoro Mining (RML-V, RMLFF-O) in a pre-arranged merger deal.
Indonesian drilling encourages Southern Arc (March 19, 2007)
Vancouver — Scout drilling by Southern Arc Minerals (SA-V, SOACF-O) at its West Lombok property on Lombok Island, Indonesia, is indicating a number of exten-sively gold-mineralized breccia vein syste…
Daily Metal Prices (March 19, 2007)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
Callinan sues HudBay
Callinan Mines (CAA-V, CCNMF-O) wants a look at HudBay Minerals’ (HBM-T, HBMFF-O) books on suspicions that the company isn’t complying with a net profits interest and royalty agreement signed in 1988 …
Mega Uranium to absorb Monster Copper (March 19, 2007)
Vancouver — In a combination of larger-than-life adjectives, Mega Uranium (MGA-T, MGAFF-O) is moving to acquire Monster Copper (MNS-V, MCPRF-O).
Editorial: New uranium, moly projects flood PDAC
The mineral exploration boom went into overdrive during the week ended March 9, the tenth trading week of 2007, with things hitting a fevered pitch at the Prospectors and Developers Association of Can…
New Horizons: By the book
The Prospectors and Developers Association of Canada (PDAC) has published Sustainable Development and Corporate Social Responsibility: Tools, codes and standards for the mineral exploration industry.
AMEC engineer wins award
AMEC’s (AMEC-L) Peter Lighthall recently received one of the Engineering Institute of Canada’s highest honours at an awards ceremony in Ottawa.