Sweetened Bid Sways Meridian
Denver, Colo. — Following a third boost to its takeover bid for Meridian Gold (MNG-T, MDG-N), Yamana Gold (YRI-T, AUY-N, YAU-L) has finally won the backing of Meridian’s board, turning a hostile bid …
News
Dividends (October 01, 2007)
Company Div.($) Pay Date Record Date Xstrata 0.40625 Oct 1 Sept 14 Fording Coal 0.60 Oct 15 Sept 28 Hecla Mining 0.875* Oct 1 Sept 14 Yamana 0.01 Oct 12…
Lending Rates (October 01, 2007)
as of 9 a.m. ET, September 25, 2007 (%) Bank of Canada 4.50 Target overnight rate 4.50 Canadian Prime 6.25 U.S. Discount Primary 6.00 U.S. Fed Funds market rate 5.00…
Mineralization Discovery Lifts VMS Ventures
Shares of VMS Ventures (VMS-V, VMSTF-O) shot up 63.6% on news of a significant discovery of volcanogenic massive sulphide (VMS) mineralization at its Reed Lake property, in Manitoba.
Aurizon Ups Tonnage at Joanna
For the second time in just over a month, Aurizon Mines (ARZ-T, AZK-X) has announced a revised resource figure for the Joanna gold deposit, about 20 km east of Rouyn-Noranda, Que.
Crowflight Tables Resources on Four Manitoba Properties
Crowflight Minerals (CML-V, CMLGF-O) has announced inferred resource calculations for four deposits in the Thompson nickel belt of northern Manitoba, all on properties surrounding its main Bucko nicke…
New Offer Turns Consmin Board
Leaks from bidder Privat Group that the group’s subsidiary Palmary Enterprises would increase its bid for Consolidated Minerals (CSMBF-O, CNM-L, CSM-A) have proved to be true, and the Consmin board ha…
Suppliers News (October 01, 2007)
PolyMet gets unions onside, signs NorthMet deal
Open Letter: From Felderhof With Love
— The following is the full text of an open letter from John Felderhof, former vice-president of exploration with Bre-X Minerals, after his acquittal on four charges of illegal insider trading and fo…
LME Warehouse Levels (October 01, 2007)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Sept. 24, 2007 (change from Sept. 17 in brackets):
Spot Prices Courtesy of Scotiabank Tuesday, Sept. 25, 2007
Precious Metals Price (US$/oz.) Change Gold $727.70 +10.00 Silver $13.28 +0.32 Platinum $1336.00 +37.00 Palladium $340.00 +9.50 Base Metals Price (US$/lb.) Change Nickel $14.81 +1.57 Lead $1.60 +0.16 Copper $3.66…
Banro’s Twangiza North Extension Shapes Up
Vancouver — A northern extension of the Twangiza deposit is returning strong gold grades for Banro Resources (BAA-T, BAA-X) as the company moves the project through a prefeasibility study in the Demo…