EXCHANGE RATES (May 10, 2010)
CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate)
Articles by Northern Miner Staff
INTERNATIONAL QUOTES (May 10, 2010)
Australia (A$) May 4 Apr 27 Change Aquila Resources 9.76 10.6 -0.84 Bendigo Mining 0.26 0.26 0.00 Centennial Coal 4.11 4.52 -0.41 Fortescue Res 4.06 4.89 -0.83 Iluka …
Costa Rica court rules to restart Crucitas project
After a 16-month review and public hearings, Costa Rica’s Supreme Court has ruled that Infinito Gold (IG-V) can go ahead with its open-pit gold mine despite objections from environmental groups that t…
Trelawney hits more gold in step-out program (May 10, 2010)
VANCOUVER — The latest drill results from Trelawney Mining and Exploration’s (TRR-V) Chester project in northern Ontario hit more long gold intercepts at its new Cote Lake target.
Perseus on brink of developing Ghanaian gold mine
VANCOUVER — The last year has been a busy one for Perseus Mining (PRU-T, PRU-A) — in those 12 months, the Australian-based explorer has raised more than $125 million in three financings, completed a…
Yukon gold explorers strut their stuff
Investors looking for the next great mining destination often look to far-off and exotic lands that they hope will hold the promise of untold riches.But the Yukon Gold Mining Alliance — a consortium of seven mining companies active in the…
PGM outlook good for Canadian companies (May 10, 2010)
Platinum and palladium have made quite the comeback recently and analysts are forecasting that prices will remain strong going forward.This is good news for a few Canadian companies like North American Palladium (PDL-T, PAL-X), with its…
Canadians chip away at China’s rare earth monopoly
China may have cornered 97% of the global rare earth market over the last two decades, with its low-cost structure putting many non-Chinese suppliers out of business, but a handful of Canadian juniors hope to challenge that monopoly and develop…
Aurizon extends Hosco zone at Joanna
Aurizon Mines (ARZ-T, AZK-X), a gold producer in the Abitibi region of northwestern Quebec, has extended, through infill drilling, the promising Hosco zone at its Joanna project, 20 km outside of the town of Rouyn-Noranda.Results from 28 new…
Hathor investors unfazed by high-grade at Roughrider East
VANCOUVER — The first set of assay results from the winter drill program at Hathor Exploration’s (HAT-V) Midwest Northeast project indicate the new Roughrider East zone should contribute handsomely to the growing uranium resource at the…
Teck shows more signs of renewal (May 10, 2010)
VANCOUVER — In the latest sign of a strong recovery, Teck Resources (TCK. B-T, TCK-N) has reinstated an annual dividend after paying a significant portion of its debt ahead of schedule.”There’s a lot of good news to comment on today,” said…
Sandspring up and running in Guyana
VANCOUVER — Between completing a public listing, hitting a number of long gold intercepts in Guyana, and finalizing $14.5 million in financings, Sandspring Resources (SSP-V) has had a busy few months…