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…
News
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.
Augusta advances Rosemont copper project (November 03, 2008)
Augusta Resource (AZC-T, AZC-x) has improved metallurgy and discovered a new mixed oxide-sulphide zone at its Rosemont open-pit copper-molybdenum-silver project in southern Arizona.
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$3.75 cmltv…
Belvedere suspends development at Hitura
Plunging nickel prices have forced Belvedere Resources (BEL-V, BLVDF-o) to suspend operations at its Hitura nickel mine, in Finland.
First Nickel, FNX add to mine closure list
In the wake of crumbling nickel prices and mine closures, development has been temporarily suspended at a string of nickel projects, among them, First Nickel’s (FNI-T, FNKLF-o) Lockerby mine and FNX M…
LENDING RATES (November 03, 2008)
as of 9 a. m. ET, Oct. 28, 2008 (%) Bank of Canada 2.75 Target overnight rate 2.25 Canadian Prime 4.25 U. S. Discount Primary 1.75 U. S. Fed Funds market rate 1.50 U. S. Prime …
EXCHANGE RATES (November 03, 2008)
CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate) Date Oct. 27 Oct. 24 Oct. 23 Oct. 22 Oct. 21 US$ 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 …
African Gold teams up with Newmont in Ghana
African Gold Group (AGG-V, AGGFF-o)is joining hands with Newmont Mining (NMC-T, NEM-n) to develop its Mankranho gold project in Ghana.
Jinshan hitting gold in China’s Gansu province
Not only is Jinshan Gold Mines (JIN-T, JINFF-o) one of just a handful of foreign mining companies producing gold in China, but the Canadian junior also has some good exploration prospects.
Iamgold says Ecuador nearing new mining law
Iamgold (IMG-T, IAG-n) says Ecuador’s recent referendum, in which 63.9% of all voters supported a new constitution bodes well for a new mining law in the country. The referendum included the mandate t…