Linear Gold to wed Central Sun Mining
With the well of money run dry, the mining industry is likely to witness a few marriages of convenience in the mont…
2008
Exeter advances Caspiche and Cerro Moro
Copiapo, Chile — The road from the city of Copiapo to Exeter Resource’s (XRC-V, XRA-X) Caspiche gold-co…
Clock Starts Ticking For Geologix
The countdown has begun for Geologix Explorations (GIX-T, GXEXF-o).
International Quotes (December 29, 2008)
Australia (A$) Dec 19 Dec 16 Change Bendigo Mining 0.16 0.17 -0.01 Kingsgate Cons. 2.80 2.85 -0.05 Lion Selection Ltd 0.73 0.67 0.06 Newcrest Mining 33.50 29.00 4.50 …
OMA Makes Suggestions For Provincial Budget
— The following is the first part of an open letter to The Honourable Dwight Duncan, Ontario’s Minister of Finance, from Chris Hodgson, president of the Ontario Mining Association outlining the OMA’s…
U. S. Markets – DEC. 16-18
U. S. equity markets were up during the shortened Dec.16-18 trading session. The Dow Jones Industrial Average gained 40 points, or 0.5%, to 8,605; the S&P 500 index added 17 points, or 1.9%, to 88…
Toronto Stock Exchange – DEC. 16-18
The Dec. 16-18 trading session may have been short, but it was full of surprises. A technical glitch linked to data feeds closed the TSX all day on Wed. Dec. 17 — the same day the Organization of the…
Northgate More Than Doubles Young-Davidson Gold Resource
Vancouver — Northgate Minerals (NGX-T, NXG-x) has been rewarded for its drilling efforts at its Young-Davidson project in Ontario with a new resource estimate that pushes the gold count past 3 millio…
Tsx Venture Short Positions (December 29, 2008)
Short positions outstanding at Dec. 15/08 (with changes from Nov. 30/08).
Exchange Rates (December 29, 2008)
CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate) Date Dec. 15 Dec. 12 Dec. 11 Dec. 10 Dec. 9 US$ in C$ 1.2352 1.2452 1.2183 1.2557 1.2603 C$ in US$ 0.8096 0.8031 0.8208 0.7964 0….
Nautilus Delays Seafloor Mine Development
The turmoil in the world markets has prompted Nautilus Minerals (NUS-T, NUS-l) to delay construction of the mining system for its Solwara 1 seafloor copper-gold-zinc-silver massive sulphide deposit, o…
Dividends (December 29, 2008)
Note: Alcoa will pay its quarterly div of US$0.9375 for US$3.75 cmltv pr sh on Jan 1, rec Dec 12. Company Div. Pay Record ($)…