Exchange Rates (December 03, 2007)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)
News
Sun sets on Galore…for now
Vancouver — Just six months after NovaGold Resources (NG-T, NG-X) brought on Teck Cominco (TCK.B-T, TCK-N) as a partner to build a mine at its Galore Creek copper-gold deposit in northwestern B.C., t…
Resource security high on China’s agenda
As the world’s largest consumer of mineral raw materials, it’s no surprise that China’s mining companies are following their international peers and starting to hunt for resources overseas.
Pure Nickel, Crowflight team up for Manibridge (December 03, 2007)
Pure Nickel (NIC-T, PNCKF-O) and Crowflight Minerals (CML-V, CMLGF-O) will be combining interests on the Manibridge nickel property southwest of Wabowden, Man., a Pure Nickel property surrounded by Cr…
San Agustin shaping up above and below ground
Vancouver — With trenching expanding the mineralized footprint and drilling pulling up good grades over considerable lengths, Geologix Explorations’ (GIX-V, GXEXF-O) polymetallic San Agustin project,…
Return of the Cheque Cashers
The decision by Newmont Mining (NMC-T, NEM-N) to spin out its royalty portfolio as a public company will effectively bring back its onetime takeover target, Franco-Nevada Mining.
Miners more aware, less safe in 2006: survey
Facts ‘N’ Figures
Editorial: And these people are supposed to be serious
Well, the 47th trading week of 2007 brought more messages of consolidation, but ones that made us feel even more jaded than usual. And regulatory issues, forced into the light by anti-mining groups, m…
Gammon tackles ‘credibility issue’
Gammon Gold (GAM-T, GRS-X) was right when it predicted that financial problems stemming from its Mexican operations last quarter would persist into the third quarter, but management is now predicting …
San Gold picks up $25M for Rice Lake
Vancouver — Following a slew of promising drill results from the company’s Rice Lake gold mine in Manitoba, San Gold (SGR-V, SGRCF-O) has announced a $25-million bought-deal private placement.
Western Canadian Coal plummets on Q2 loss
Vancouver — Western Canadian Coal’s (WTN-T, WTN-L) 2008 second quarter was not a pretty one, with the northeastern B.C. coal producer posting a whopping net loss of $43.9 million or 38 per share.
Daily Metal Prices (December 03, 2007)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)