Exchange Rates (April 16, 2007)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)
News
GGL finds nickel during diamond hunt
Vancouver — Sounding somewhat reminiscent of Diamond Fields’ mid-1990s Voisey’s Bay nickel discovery in Labrador, GGL Diamond (GGL-V, GGDMF-O) has come across nickel mineralization during the course …
Dividends (April 16, 2007)
Company Div.($) Pay Date Record Date Falconbridge pf2 f Apr 12 Mar 30 Sherrit Int’l 0.03 Apr 13 Mar 30 Fording Cdn Coal Trust 0.65 Apr 16 Mar 30 Yamana…
Hot nickel triggers Lundin’s Rio Narcea offer
Vancouver — Aiming to add nickel to its metal production mix Lundin Mining (LUN-T, LMC-X) is snapping up Rio Narcea Gold Mines (RNG-T, RNO-X) and its mainly European operations in a friendly all-cash…
Lending Rates (April 16, 2007)
as of 9 a.m. ET, Apr. 10, 2007(%)
Gold Reserve does the job in Venezuela
Having recently attained the environmental permit for its Brisas copper-gold project in Venezuela, Gold Reserve (GRZ-T, GRZ-X) has reminded the world that mining projects operated by foreign companies…
FNX reserves up along with earnings (April 16, 2007)
Year-end reserve estimates at FNX Mining (FNX-T, FNXMF-O) show the company replaced its reserves at the operating McCreedy West nickel mine near Sudbury, Ont., and it has also published its first rese…
Quadra eyeing moly production in Greenland
Vancouver — Eyeing molybdenum production in Greenland, Quadra Mining (QUA-T, QADMF-O) is launching a $34-million takeover bid for International Molybdenum (IMY-L), after securing the backing of the E…
Nickel juniors shine in buoyant market
While the fourteenth week of 2007 was shortened to four trading days owing to the Good Friday holiday, there was plenty of sizzling stock action for investors in the mining sector.
Georgia soars on Mexican moly plans (April 16, 2007)
Vancouver — News of Georgia Ventures’ (GVI-V, GGVTF-O) plans to acquire the Creston molybdenum deposit in Sonora state, Mexico, sent the junior’s stock soaring recently, as much as 200% on strong tra…
Goldrea, Molycor rally on old moly results
Vancouver — Sister companies and joint-venture partners Goldrea Resources (GOR-V, GORAF-O) and Molycor Gold (MOR-V, MLYFF-O) fired up investors after dusting off some past drill results from a couple…
Ivanhoe does deal with Mongolia
Robert Friedland appears to have done it again.