EXCHANGE RATES (June 23, 2008)
CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate) Date June 16 June 13 June 12 June 11 June 10 US$ in C$ 1.0211 1.0282 1.0232 1.0174 1.0243 C$ in US$ 0.9793 0.9726 0.9773 0.9829 0…
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INTERNATIONAL QUOTES (June 23, 2008)
Australia (A$) June 17 June 10 Change Bendigo Mining 0.30 0.30 0.00 Centamin Egypt 1.24 1.28 -0.04 Kingsgate Cons. 5.50 5.38 0.12 Lion Selection Ltd 1.82 1.82 0.00 Ne…
Golden Band set to update Birch Crossing estimate (June 23, 2008)
VANCOUVER — Stepping-out and digging deeper, this winter Golden Band Resources (GBN-V, GBRIF-O) punched 11 more holes into the ground at Birch Crossing, one of 10 properties it owns as part of a 750-…
Rio Tinto to invest in BRC DiamondCore’s DRC exploration projects
Global mining giant Rio Tinto (RTP-N, RIO-L) currently produces about 16% of the world’s diamonds by volume and 8% by value with its Argyle mine in Australia, Diavik mine in Canada and Murowa mine in …
Aura buys copper mine in Mexico
Aura Minerals (ORA-T, ORAUF-O) has spent $70 million in cash and shares for a producing copper mine in Mexico that has the potential to turn out 28,000 tonnes of copper concentrate per year.
Nova Scotia revisits uranium moratorium (June 23, 2008)
Nova Scotia’s 26-year-old ban on uranium mining will soon be up for debate, and could be lifted under certain conditions, says the province’s minister of Natural Resources, David Morse.
Gold Wheaton: Dream team, dream concept
When the team behind Gold Wheaton first approached David Cohen about the idea of mimicking the wildly successful business model of Silver Wheaton (SLW-T, SLW-N), the former chief executive of Northern…
First hole golden for Northern Freegold (June 23, 2008)
VANCOUVER — The first hole of the summer season into Northern Freegold Resources’ (NFR-V, NFRGF-O) Freegold Mountain project in the Yukon has returned a stunning gold result that has the company’s ma…
First Metals moves on Magusi
First Metals (FMA-T, FSTMF-O) has received permission to develop an underground access ramp to extract a 50,000-tonne bulk sample from its Magusi River zinc-coppergold-silver deposit near Rouyn-Norand…
Raytec shares surge over potash
VANCOUVER — With potash fever continuing unabated, news of a potash resource estimate recently catapulted Raytec Metals’ (RAY-V, RAYMF-O) share price up 128%.
Bannerman hires GRD Minproc for Goanikontes feasibility
Australia’s Bannerman Resources (BAN-T, BMN-A) has commissioned GRD Minproc to produce a full feasibility study for the company’s Goanikontes uranium project in Namibia.
Polaris expands plant in Nicaragua
Renewable energy-focused producer Polaris Geothermal (GEO-T, PGTHF-O) has signed a contract with Brazilian engineering company Queiroz-Galvao to expand its San Jacinto Tizate project.