News


LENDING RATES (October 06, 2008)

as of 9 a. m. ET, Sept. 30, 2008 (%) Bank of Canada 3.25 Target overnight rate 3.00 Canadian Prime 4.75 U. S. Discount Primary 2.25 U. S. Fed Funds market rate 2.00 U. S. Prime …


DIVIDENDS (October 06, 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…


EXCHANGE RATES (October 06, 2008)

CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate) Date Sept. 29 Sept. 26 Sept. 25 Sept. 24 Sept. 23 US$ in C$ 1.0394 1.0349 1.0338 1.0351 1.0355 C$ in US$ 0.9621 0.9663 0.9673 0.966…


INTERNATIONAL QUOTES (October 06, 2008)

Australia (A$) Sept 30 Sept 23 Change Bendigo Mining 0.19 0.20 -0.01 Kingsgate Cons. 0.82 5.54 -4.72 Lion Selection Ltd 1.49 1.38 0.11 Newcrest Mining 27.63 26.84 0.79 …


Examining core samples at SearchGold Resources' 36%-owned Bakoudou-Magnima gold project in Gabon, a joint venture with Moroccan company Managem. The partners have received a mining permit for the project, which holds 155,000 oz. in proven and probable reserves.

SearchGold starts small with Gabon JV

SearchGold Resources (RSG-v) has received a mining permit for its 36%-owned Bakoudou-Magnima gold project in Gabon, a joint venture with Moroccan company Managem.


Alexandria gives up Joanna gold project to Aurizon

As Alexandria Minerals (AZX-V, ALXDF-o) gears up for its next 10,000-metre drilling expedition, the company is cashing in on its Joannes Twp. claims by optioning the property to Aurizon Mines (ARZ-T, …



A historical view of Queenston Mining's Upper Beaver mine, in Ontario's Kirland Lake camp. Queenston has released an indicated resource totalling 375,000 oz. gold at the past-producer, which turned out 140,000 oz. gold and 11.9 million lbs. copper over 50 years off and on before closing in 1972.

Queenston tallies Upper Beaver resource

Queenston Mining (QMI-T, QNMNF-o) staked its claims in Canada’s second-largest gold camp early and often — a strategy that has given it the biggest land position in the Kirkland Lake district of nort…



Drilling at Rye Patch Gold's Lincoln Hill project, in Nevada. The company cut a shallow 21-metre intersection grading 27 grams gold and 34 grams silver per tonne in reverse-circulation drilling at the project, sending its share price up by 128%.

Rye Patch shares rise on Nevada high-grade

Shares of Rye Patch Gold (RPM-V, RPMG-o)shot up 128% on news that the company hit high-grade gold mineralization in drilling at its Lincoln Hill project, in Nevada.


This 478-carat stone, found at Gem Diamonds' Letseng mine, in Lesotho, is the 20th largest diamond ever found. The mine has produced three other diamonds among the top 20, including the 603-carat Lesotho Promise, which sold for US$12.4 million in 2006.

Gem Diamonds recovers 478-carat stone at Letseng

Vancouver — For the third time in as many years, Gem Diamonds (GEMD-l) has recovered a diamond from its Letseng mine, in Lesotho, big enough to take a place on the list of the 20 largest rough diamon…


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