Northern Miner Staff, Author at The Northern Miner

News June 5, 2006

Lending Rates (June 05, 2006)

as of 4 pm ET, May 29, 2006

(%)

Bank of Canada

4.50

Target overnight rate

4.25

Canadian Prime

6.00

News June 5, 2006

Acadian set to buy Gays River mine

Looking to take advantage of the spike in base metal prices, Acadian Gold (ADA-V, ADGLF-O) has entered into a definitive agreement with HudBay Minerals (HBM-T, HBMFF-O) to purchase the Gays River zinc…

News June 5, 2006

Minago yields deep grades

The latest pair of holes by Nuinsco Resources (NWI-T, NUIRF-O) on the Minago sulphide nickel deposit, about 70 km south of Wabowden, Man., have delivered starkly different results….

News June 5, 2006

Kalukundi copper deposit shows strong economics

Another Congolese copper project has received a positive feasibility study, this time the Kalukundi deposit in the Kolwezi area of Katanga province….

Stock Markets/Investing June 5, 2006

Toronto Stock Exchange May 23-29

The Bank of Canada raised its benchmark rate a quarter point for the seventh time in a row, bringing the rate to 4.25% on May 24. But some market watchers believe the rate hikes may be over, and as a…

Stock Markets/Investing June 5, 2006

TSX Venture Exchange May 23-29

Unsettled trading saw the S&P-TSX Venture Composite Index bounce off its recent drop and recover 92.9 points over the May 23-29 session to close at 2,863.63. Average daily trading volumes dried up…

Stock Markets/Investing June 5, 2006

U.S. Markets May 23-26

It was a modest bounce-back, but stock markets in the United States rose slightly in the holiday-shortened trading period May 23-26. The Standard & Poor’s 500 index rose 18.09 points to 1,280.16,…

News June 5, 2006