Is coal the new gold? (February 18, 2008)
UBS and Citigroup Global Markets have raised their price forecasts for thermal and coking coal for the coming two years and it’s not just because of the disruptive floods washing across Queensland in …
News
Birim and Goldcrest join forces to take on West Africa
West Africa-focused juniors Birim Goldfields (BGI-T, BRGFF-O) and Goldcrest Resources (GCL-V, GCTRF-O) have agreed to merge after unanimous votes by the boards of both companies.
Creston drills thick, high-grade moly
VANCOUVER — Creston Moly’s (CMS-V, CMSJF-O) initial round of infill drilling at its El Creston project in Sonora, Mexico, has turned in some long intervals of high-grade molybdenum mineralization.
TSX VENTURE SHORT POSITIONS (February 18, 2008)
Short positions outstanding at Jan. 31/08 (with changes from Jan. 15/08).
Strathmore nearly doubles Reno Creek resource
A new resource estimate for Strathmore Minerals’ (STM-V, STHJF-O) Reno Creek deposit in northeastern Wyoming’s Powder River basin is nearly twice previous estimates.
TSX SHORT POSITIONS (February 18, 2008)
Short positions outstanding at Jan. 31/08 (with changes from Jan. 15/08).
Capstone to boost production at Cozamin
Capstone Mining (CS-T, CSFFF-O) has started an expansion of its Cozamin polymetallic mine, in Zacatecas state, Mexico, aimed at increasing production by 36% to 40 million lbs. copper per year by 2009.
LENDING RATES (February 18, 2008)
as of 9 a. m. ET, Feb. 12, 2008 (%) Bank of Canada 4.25 Target overnight rate 4.00 Canadian Prime 5.75 U. S. Discount Primary 3.50 U. S. Fed Funds market rate 3.00 U. S. Prime …
EXCHANGE RATES (February 18, 2008)
CANADIAN/ U. S. EXCHANGE ( Bank of Canada noon rate) Date Feb. 11 Feb. 8 Feb. 7 Feb. 6 Feb. 5 US$ in C$ 1.0017 0.9910 1.0115 1.0026 1.0043 C$ in US$ 0.9983 1.0091 0.988…
CNQ TRADING — Feb. 5-11, 2008
( 100s) WEEK 12- MONTH STOCK TICKER VOLUME HIGH LOW LAST CHANGE HIGH LOW Alliance Mining AMCL 330 0.15 0.12 0.12 0.00 0.23 0.09 Avanti Mining AVMI 1520 …
INTERNATIONAL QUOTES (February 18, 2008)
Australia ( A$) Feb 12 Feb 5 Change Bendigo Mining 0.35 0.34 0.01 Centamin Egypt 1.57 1.45 0.12 Emperor Mines 0.06 0.06 0.00 Kingsgate Cons. 4.05 4.27 – 0.22 Li…
Gryphon Gold awaits new resource for Borealis
“You know the old saying: the best place to find gold is near the head shaft of an old mine,” Tony Ker, president and chief executive of Gryphon Gold (GGN-T, GYPH-O), told a group of investors at a re…