CANADIAN GOLD MUTUAL FUNDS (November 03, 2008)
Featured Fund: Altamira precious & Strategic Metals, as of 07/31/08 (in weighted order): Goldcorp, Barrick Gold, Kinross Gold, Agnico-Eagle Mines, Yamana Gold, Franco-Nevada, Newmont Mining, Compa…
Articles by Northern Miner Staff
NEMI and Aviva to merge (November 03, 2008)
Vancouver — NEMI Northern Energy & Mining (NNE. A-V, NNEMF-o),and Australian-listed Aviva (AVA-a) are merging to create a growth-oriented international coal and energy group.
Rubicon drills more high-grade under Red Lake
Rubicon Minerals (RMX-T, RBY-x) has cut 2.2 metres grading 42 grams gold per tonne starting at 880 metres depth on its Phoenix project, in Ontario’s Red Lake district.
DIVIDENDS (November 03, 2008)
Note: Vale will pay $0.52* on common and pr sh in two instlmnts on Apr 30 and Oct 31. Alcoa will pay its quarterly div of US$0.9375 for US$3.75 cmltv…
Belvedere suspends development at Hitura
Plunging nickel prices have forced Belvedere Resources (BEL-V, BLVDF-o) to suspend operations at its Hitura nickel mine, in Finland.
First Nickel, FNX add to mine closure list
In the wake of crumbling nickel prices and mine closures, development has been temporarily suspended at a string of nickel projects, among them, First Nickel’s (FNI-T, FNKLF-o) Lockerby mine and FNX M…
PRODUCER AND DEALER PRICES (November 03, 2008)
Antimony: Mid-mkt US$6,383.33/t.
DAILY METAL PRICES (November 03, 2008)
Date Oct. 27 Oct. 24 Oct. 23 Oct. 22 Oct. 21 BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne) Al Alloy 1360/1410 1350/1400 1505/1551 1505/1565 1591/1…
Archangel fails to meet escrow deadline (November 03, 2008)
First the good news: A Russian foreign investment review commission chaired by former president Vladimir Putin has granted its conditional consent for Archangel Diamond (AAD-V, ADMOF-o) to acquire a 4…
LENDING RATES (November 03, 2008)
as of 9 a. m. ET, Oct. 28, 2008 (%) Bank of Canada 2.75 Target overnight rate 2.25 Canadian Prime 4.25 U. S. Discount Primary 1.75 U. S. Fed Funds market rate 1.50 U. S. Prime …
EXCHANGE RATES (November 03, 2008)
CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate) Date Oct. 27 Oct. 24 Oct. 23 Oct. 22 Oct. 21 US$ in C$ 1.2930 1.2732 1.2573 1.2499 1.2202 C$ in US$ 0.7734 0.7854 0.7954 0.8001 0…
INTERNATIONAL QUOTES (November 03, 2008)
Australia (A$) Oct 28 Oct 21 Change Bendigo Mining 0.11 0.13 -0.02 Kingsgate Cons. 2.31 3.51 -1.20 Lion Selection Ltd 1.20 1.30 -0.10 Newcrest Mining 17.71 22.37 -4.66 …