MacArthur’s $100-million pay day disappears
Vancouver – It seemed too good to be true and it was: MacArthur Minerals (MMS-V) fell 45% on news that a $100-mil…
News
Lundin loses US$957M in 2008
Vancouver – Lundin Mining (LUN-T) lost almost US$1 billion in 2008 and now carries US$267 million in debt followi…
Rubicon expands its Red Lake jewel
RED LAKE, ONT. – In summer, Red Lake (population 5,000) is a charming place, well known for its abundant fishing …
Assay Lab ‘Oops’: Northern Freegold Hits Bonanza-Grade
VANCOUVER — Northern Freegold (NFR-V, NFRGF-O) CEO Bill Harris and president Susan Craig suspected the assay results of a drill intercept from the Nucleus zone of its Freegold Mountain property in th…
LME Warehouse Levels (March 02, 2009)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Feb. 24, 2009 (change from Feb. 17 in brackets):
Dividends (March 02, 2009)
Note: Xstrata PLC subsidiary, Xstrata Canada is sending a notice of redemption for all outstanding Cmltv prf sh, series 3, redeemable Mar 1 for $25 each in cash, plus accruded and unpaid dividends. Al…
Pace Pays Off With Rapid Resource For Oroco
VANCOUVER — It took only $1.25 million and five months of drilling for Oroco Resource (OCO-V) to define a promising resource at its Cerro Prieto project in Sonora state, Mexico, and there is every in…
First Majestic To Raise $25M
VANCOUVER–With its share price on the rebound and solid silver production in 2008, First Majestic Silver (FR-T, FRMSF-O) is raising $25 million through a private placement led by CIBC World Markets.
Spot Prices (March 02, 2009)
COURTESY OF SCOTIABANK
US Beryllium Supply On The Pentagon’s Radar
The United States Department of Defense and a special Pentagon board have published a report calling high-purity beryllium a “critical material” for national security and warning that domestic sources…
Uranium And Iron Exploration Gain Momentum In Qubec
Over the past five years, Qubec has experienced an exceptional investment climate for mineral exploration. As of Oct. 7, 2008, more than 273,000 active mining titles were registered throughout the pr…
McFaulds Lake Discovery Spurs Staking Rush
Noront Resources’ new base metals discovery in the McFaulds Lake area in Ontario’s Far North boosted claim staking and exploration and helped Ontario reach a record number of 367,000 active claims at …