NORTH AMERICAN STOCK EXCHANGE INDICES (May 31, 2010)
52-week Date May 24 May 21 May 20 May 19 May 18 High Low S&P/TSX-Ven Comp Holiday 1453.39 1421.81 1486.09 1540.46 1691.10 1027.29 TSX Composite Holiday 11521.35 11405.95 11665.77 11764.51…
News
Teck goes ahead with Aqqaluk (May 31, 2010)
VANCOUVER –After months of uncertainty, Teck Resources (TCK. B-T, TCK-N) has said it will develop the Aqqaluk deposit at its Red Dog zinc mine in northwestern Alaska.
TSX VENTURE SHORT POSITIONS (May 31, 2010)
Short positions outstanding at May 15/10 (with changes from Apr. 30/10).
Goldcorp defends mining practices (May 31, 2010)
While Goldcorp (G-T, GG-N) discussed plans for production growth and dividend increases at its annual shareholders’ meeting in Toronto on May 19, much of the conversation surrounded the gold miner’s p…
Cliffs makes play for majority stake in Big Daddy
A battle for control over the high-grade Big Daddy chromite deposit in the McFauld’s Lake area of nor thwes tern Ontar io has erupted. For the moment, it looks like KWG Resources (KWG-V) and Spider Re…
SouthGobi looks to reverse slide
Realigning an open-pit mine and large losses have dampened the recent market enthusiasm for SouthGobi Resources (SGQ-T) and its Ovoot Tolgoi coal project in Mongolia.
Argentinian porphyry attracts Peregrine Metals (May 31, 2010)
Peregrine Metals (PGM-T) is fast-tracking a preliminary economic assessment (PEA) on a solvent extraction-electrowinning (SX/EW) copper heap-leaching operation for its near-surface higher-grade copper…
B2Gold expands potential of Nicaraguan gold mines (May 31, 2010)
VANCOUVER — B2Gold (BTO-T) has hit long and high-grade gold intercepts as part of a drill program to extend the life of its 100%-owned La Libertad open-pit gold mine in central Nicaragua.
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 $3.75* cmltv pr stock on July 1, rec June 11. Franco-Nevada will start paying a semi-annual …
Who will follow Australia’s lead on mining tax? (May 31, 2010)
The global mining team at UBS Investment Research is fingering Brazil, the Democratic Republic of the Congo (DRC) and Mongolia as “potential early adopters” of taxes similar to Australia’s proposed ne…
LENDING RATES (May 31, 2010)
as of 9 a.m. ET. May 25, 2010 (%) Bank of Canada 0.50 Target overnight rate 0.25 Canadian Prime 2.25 U.S. Discount Primary 0.50 U.S. Fed Funds market rate 0-0.25 U.S. Prime 3.2…
EXCHANGE RATES (May 31, 2010)
CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate) Date May 24 May 21 May 20 May 19 May 18 US$ in C$ Holiday 1.0570 1.0659 1.0515 1.0330 C$ in US$ Holiday 0.9461 0.9382 0.9510 0.96…