U.S. Markets – Jan. 27 -Feb. 2
U. S. President Barack Obama’s US$825-billion stimulus bill may have passed the House of Representatives — its first legislative hurdle — but the news failed to lift the prevailing gloom in the mark…
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Toronto Stock Exchange – Jan. 27 -Feb. 2
Canadian equity indices were down during the Jan. 27-Feb. 2 trading period. The S&P/ TSX composite index dropped 32 points, or 0.4%, to 8,625; the Capped Metals and Mining index was 27 points, or …
TSX Venture Exchange – Jan. 27 -Feb. 2
The S&P-TSX Venture composite index managed four days of small gains before capping the Jan. 27-Feb. 2 trading period off with a loss. The board closed the week up just 5.66 points at 872.82. Dail…
Cliffs Buys Into KWG On ‘Ring Of Fire’ Chrome Discovery
Coking coal and iron ore heavyweight Cliffs Natural Resources (CLF-N) is investing US$3.5 million in a private placement for a 19.9% stake in KWG Resources (KWG-V, KWGBF-O) to gain a foothold in what …
First Uranium To Bring Low-Cost Uranium-Gold Mines Online
First Uranium (FIU-T, FUM-J) is close to completing two financing deals that together will allow the company to fund capital expenditures at its two uranium-gold projects in South Africa and bring the…
More Gold For Osisko At Canadian Malartic
With a feasibility study completed and 6.3 million oz. of gold reserves already outlined in the main ore-body at its Canadian Malartic deposit, in Quebec, Osisko Mining (OSK-T, OSKFF-O) wants more.
TSX Short Positions (February 09, 2009)
Short positions outstanding at Jan. 15/09 (with changes from Dec. 31/08).
PDAC President Breaks Down Budget Benefits
The following is a message sent to members of the Prospectors & Developers Association of Canada on Jan. 28 by the organization’s president, Jon Baird, in response to the federal government’s new …
Lending Rates (February 09, 2009)
as of 9 a. m. ET. Feb. 3, 2009 (%) Bank of Canada 1.25 Target overnight rate 1.00 Canadian Prime 3.00 U. S. Discount Primary 0.50 U. S. Fed Funds market rate 0-0.25 U. S. Prime …
Thompson Creek To Close Moly Mines For A Month
VANCOUVER — Following the lead of other molybdenum miners, Thompson Creek Metals (TCM-T, TC-N) is slashing its production forecast for 2009.
Exchange Rates (February 09, 2009)
CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate) Date Feb. 2 Jan. 30 Jan. 29 Jan. 28 Jan. 27 US$ in C$ 1.2404 1.2364 1.2188 1.2098 1.2299 C$ in US$ 0.8062 0.8088 0.8205 0.8266 0….
International Quotes (February 09, 2009)
Australia (A$) Feb 3 Jan 27 Change Bendigo Mining 0.18 0.15 0.03 Kingsgate Cons. 3.72 6.64 -2.92 Lion Selection Ltd 0.67 0.67 0.00 Newcrest Mining 30.00 33.15 -3.15 Z…