Exchange Rates (December 24, 2007)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)
News
Dividends (December 24, 2007)
Company Div.($) Pay Date Record Date Goldcorp 0.015 Dec 28 Dec 21 Newmont Mining 0.10* Dec 28 Dec 7 Hecla Mining 0.875* Jan 1 Dec 14 Iamgold 0.06* Jan 11…
Mine life, costs grow at Hard Creek’s Turnagain
Vancouver — An updated preliminary assessment for Hard Creek Nickel’s (HNC-V, HNCKF-O) Turnagain nickel deposit in northern British Columbia points to the economic potential of an open-pit operation …
Lending Rates (December 24, 2007)
as of 9 a.m. ET, Dec 18, 2007(%)
Canaf eyes DRC diamond miner (December 24, 2007)
Vancouver — Canaf Group (CAF-V) is planning to gain a toehold in the Democratic Republic of the Congo’s (DRC) diamond sector through a majority interest in a private Congolese mining company.
First Quantum ups interest in Equinox to 17%
First Quantum Minerals (FM-T, FQM-L) is quietly buying up shares of fellow copper miner Equinox Minerals (EQN-T, EQXMF-O) for “investment purposes,” it says.
Goldcorp building Penasquito bigger, sooner
Vancouver — Goldcorp (G-T, GG-N) is expanding the Penasquito mine in Mexico before it’s even built, announcing a plan to increase mill throughput by 30% and accelerate the project development schedul…
Western Cdn Coal lines up $40M
Vancouver — In urgent need of dollars, Western Canadian Coal (WTN-T, WTN-L) has completed a $40-million financing to avert a cash crunch following its recent quarterly loss of almost $44 million.
GFMS: silver to rise in 2008
METALS COMMENTARY
Report examines Chinese- dominated rare earth industry
A new study issued by London-based information service Roskill, looks at China’s powerful position as the dominant global supplier of rare earth metals and yttrium.
People (December 24, 2007)
Aeroquest International — Gordon West has resigned as director; David Myers appointed director.
Castillian expands nickel-copper deposit
Due to lab delays, Castillian Resources (CT-V, CTIIF-O) may have to wait until the beginning of 2008 for a resource estimate on its Las Aguilias nickel-copper-platinum group element project, in Argent…