Lending Rates (February 25, 2008)
as of 9 a. m. ET, Feb. 19, 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 …
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Exchange Rates (February 25, 2008)
CANADIAN/ U. S. EXCHANGE ( Bank of Canada noon rate) Date Feb. 18 Feb. 15 Feb. 14 Feb. 13 Feb. 12 US$ in C$ Holiday 1.0016 0.9970 0.9995 0.9963 C$ in US$ Holiday 0.9984 …
International Quotes (February 25, 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…
New Bonanza resource lifts Premier’s stock
A new National Instrument 43-101 resource estimate for the Rahill- Bonanza property in Red Lake, Ont., has pleased joint-venture partners Premier Gold Mines (PG-T, PIRGF-O) and Goldcorp (G-T, GG-N).
Hecla buys Rio’s stake in Greens Creek
Hecla Mining (HL-N) has struck a US$750-million deal to buy out its majority partner Rio Tinto (RTP-N, RIO-L) at their co-owned Greens Creek underground silver mine near Juneau, in Alaska’s panhandle.
Newmont sees new woes in Indonesia
Less than a year after being acquitted of pollution charges on Sulawesi Island in Indonesia, Newmont Mining (NMC-T, NEM-N) is back in hot water again at another mine in the Southeast Asian nation.
Mining execs converge at South Africa’s Indaba
CAPE TOWN, SOUTH AFRICA — The keynote session at the recent Mining Indaba conference in Cape Town, South Africa, saw leaders from many of the world’s largest mining houses step to the podium to discu…
Gravity West plummets on Voltaire assays (February 25, 2008)
VANCOUVER — Shares of Gravity West Mining (GRW-V, GRWFF-O) fell back to earth in recent trading after the company tabled long-awaited drill assays from its Voltaire Lake project, located 175 km north…
Coro to buy Chilean copper mine
VANCOUVER–Looking to fast-track its plan to become a copper producer, Coro Mining (COP-T) has struck a deal to buy the operating CerroNegromine, located in Chile’s Region V.
Study predicts robust economics at Mary River
It took four years and $170 million, but the definitive feasibility study on its 100%-owned Mary River direct- shipping iron ore project was well worth the wait, Baffinland Iron Mines (BIM-T, BIMGF-O)…
Alberta Star upbeat on Contact Lake (February 25, 2008)
Grab samples from its Contact Lake property on the south side of Echo Bay, in the Northwest Territories, appear to lend heft to Alberta Star Development’s (ASX-V, ASXSF-O) assertions that the company …
Tower Hill tallies Livengood resource
VANCOUVER — International Tower Hill Mines (ITH-V, THM-X) sees major potential for its flagship Livengood project, in Alaska, now that an initial resource estimate has outlined a significant gold dep…