DIVIDENDS (May 31, 2010)
Note: Vale will pay $0.24* per outstanding common or prf sh on Oct 20/10. Alcoa will pay a $0.75* div on it $3.75* cmltv pr stock on July 1, rec June 11. Franco-Nevada will start paying a semi-annual …
News
Who will follow Australia’s lead on mining tax? (May 31, 2010)
The global mining team at UBS Investment Research is fingering Brazil, the Democratic Republic of the Congo (DRC) and Mongolia as “potential early adopters” of taxes similar to Australia’s proposed ne…
LENDING RATES (May 31, 2010)
as of 9 a.m. ET. May 25, 2010 (%) Bank of Canada 0.50 Target overnight rate 0.25 Canadian Prime 2.25 U.S. Discount Primary 0.50 U.S. Fed Funds market rate 0-0.25 U.S. Prime 3.2…
EXCHANGE RATES (May 31, 2010)
CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate) Date May 24 May 21 May 20 May 19 May 18 US$ in C$ Holiday 1.0570 1.0659 1.0515 1.0330 C$ in US$ Holiday 0.9461 0.9382 0.9510 0.96…
Industry donates $11M to BC Museum of Mining
VANCOUVER –The mining industry in British Columbia is constantly fighting an image battle, trying to convince the wider public that the industry’s environmental practices have improved dramatically i…
INTERNATIONAL QUOTES (May 31, 2010)
Australia (A$) May 25 May 18 Change Aquila Resources 8.17 9.09 -0.92 Bendigo Mining 0.21 0.23 -0.02 Centennial Coal 3.58 4.12 -0.54 Fortescue Res 3.44 4.06 -0.62 Iluk…
Platinum Partners looking for buyer for bankrupted Firstgold’s assets (May 31, 2010)
When U.S. President Barack Obama’s administration threatened to block the sale of 51% of Firstgold Corp. (FGD-T, FGOC-O) to China’s state-owned Northwest Nonferrous International Investment Company la…
CANADIAN GOLD MUTUAL FUNDS (May 31, 2010)
Featured Fund: AGF Precious Metals (US$) as of 08/31/09 (in weighted order): Goldcorp, Kinross Gold, Iamgold, Central Fund of Canada, Agnico-Eagle Mines, Inmet Mining, Eldorado Gold, Randgold, Osisko …
Copper Mountain closes $34.5M financing
Copper Mountain Mining (CUM-T) has raised $34.5 million that it will use to pay its 75% share of working capital for its copper porphyry project in southeastern B.C.
TSX SHORT POSITIONS (May 31, 2010)
Short positions outstanding at May 15/10 (with changes from Apr. 30/10).
Aurizon options Fayolle from Typhoon in Quebec
Gold producer Aurizon Mines (ARZ-T, AZK-X) is teaming up with Typhoon Exploration (TYP-V) in a joint-venture to explore Typhoon’s 100%-owned Fayolle gold project, 10 km north of Aurizon’s Joanna proje…
Scorpio drills Nuestra Senora
Scorpio Mining (SMP-T) is off to a good start with its 20,000-metre drill program at the Nuestra Senora mine, 10 km east of Cosala, in Sinaloa state, Mexico.