Exchange rates
EXCHANGE RATES CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate) Date June 11 June 8 June 7 June 6 June 5 US$ in C 1.0283 1.0332 1.0244 1.0297 1.0414 …
Articles by Northern Miner Staff
Mineral Mountain strikes deal with Holy Terror
Mineral Mountain Resources (MMV-V) is betting that the legendary Homestake gold belt has some life left in it.The company has signed an option agreement to earn up to 75% of a property held by the privately owned and 120-year-old Holy…
Mawson hits 6 metres of 617 grams gold in Finland
Mawson Resources’ (MAW-T) share price has spiked after the company released a bonanza-grade drill intercept from its Rompas gold property in northern Finland.Standout hole 11 returned 6 metres grading 617 grams gold per tonne uncut…
Cline Mining sues BC government for $500 million
Cline Mining (CMK-T) is suing the B.C. government for $500 million in compensation for the coal licences it lost when the government banned mining in the Flathead valley.The B.C. government made the surprise announcement in February 2010 that…
Selwyn reduces project scope as capital costs soar in the Yukon
High capital costs have forced Selwyn Resources (SWN-V) to drastically cut planned mine throughput for its Selwyn lead-zinc underground mine in the Yukon as its tries to make the project affordable.The company, which is developing the Selwyn…
Market News
Toronto Stock Exchange
Metals, mining and money markets
SPOT PRICESCourtesy of ScotiaBankFriday, June 12, 2012 Precious MetalsPrice…
Sabina’s PEA paints a rosy picture at Back River
A recent preliminary economic assessment (PEA) for Sabina Gold & Silver’s (SBB-T) Back River has sketched a favourable prospect, highlighting high grades and lower-than-expected start-up costs for the gold project in…
US Markets
U.S. equities rallied late in the trading week as markets anticipated that Spain would ask eurozone deputy finance ministers for a bailout for its troubled banks, which it did over the weekend. The Dow Jones Industrial Average and the S&P…
Centamin’s upgrades a ray of sunshine at Sukari
Shareholders of Egypt-focused gold miner Centamin (CEE-T) have gotten a welcome bit of good news with the the company releasing an upgraded open-pit plan for its flagship Sukari gold mine in southeastern Egypt, some 700 km south of Cairo near…
Commentary: Time is ripe for miners to dole out cash to shareholders
Investors are hardly in the mood for risk.And when risk appetite wanes, the “principal-agent” issue rises to the forefront, pushing investors to favour cash in their own hands rather than it being left at the disposal of company…
Editorial: Gold pivots on Wisconsin vote
The first week of June was a watershed moment in U.S. politics that will likely spill over into how the greenback and gold are valued. On June 5, public-sector unions suffered a major defeat at the ballot box in lefty Wisconsin, of all places…