LENDING RATES (April 07, 2008)
as of 9 a. m. ET, April 1, 2008 (%) Bank of Canada 3.75 Target overnight rate 3.50 Canadian Prime 5.25 U. S. Discount Primary 2.50 U. S. Fed Funds market rate 2.25 U. S. Prime …
News
Metallica, New Gold, Peak Gold to merge
What do you get when three junior gold companies jump into bed together? You get a globally diversified intermediate gold producer with a market capitalization of about US$1.6 billion.
INTERNATIONAL QUOTES (April 07, 2008)
Australia (A$) April 1 March 24 Change Bendigo Mining 0.29 0.31 -0.02 Centamin Egypt 1.48 1.48 0.00 Croesus Mining 0.28 n/a n/a Kingsgate Cons. 4.03 4.29 -0.26 Lion S…
HudBay ordered to give 777 records to Callinan (April 07, 2008)
A Manitoba court has ruled that HudBay Minerals (HBM-T, HBMFF-O) must provide Callinan Mines (CAA-V, CCNMF-O) with financial records for the 777 copper- zinc mine in Flin Flon.
Pallancata sees 187% reserve boost
International Minerals (IMZ-T, IMZLF-O) has boosted proven and probable reserves by 187% at its Pallancata silver-gold mine, in southern Peru.
Wallbridge inks deal with Vale Inco and Xstrata Nickel
Wallbridge Mining (WM-T, WLBMF-O) is teaming up with heavyweight nickel producers Vale Inco and Xstrata Nickel in a joint venture to find the next big deposit in the Sudbury mining camp.
Valencia upgrades Cachinal resourcce
A review of different scenarios, metal prices, designs and operating cost assumptions based on a new resource estimate for the Cachinal silver project in Chile, indicates a “reasonable prospect” for a…
Axmin builds Passendro resource
Axmin (AXM-V, AXMIF-O) has been drilling non-stop at its Passendro gold project in the Central African Republic since the beginning of 2005 and its efforts are starting to pay off with a 17% boost in …
Looming Vale-Xstrata mega-merger shelved — for now
The thirteenth trading week of 2008, ending March 29, saw resource stocks adjust to wildly fluctuating bullion and financial markets as investors jumped around looking for safety and a hedge against U…
Brett signs Hammond Reef deal
VANCOUVER — An agreement signed with Kinross Gold (K-T, KGC-N) will allow Brett Resources (BBR-V, BBRRF-O) to earn 100% of the Hammond Reef gold project, in northwestern Ontario, from its joint-ventu…
Southern Arc finding success in Indonesia
Vancouver – Investors seem to be slowly regaining confidence in Indonesia: a long copper-gold porphyry intercept fr…
Crosshair budgets $10 million for uranium exploration
Crosshair Exploration and Mining (CXX-V, CXZ-X) has closed a $15-million bought-deal financing to continue explorin…