Editor’s Picks: End of an era with elimination of Barrick hedge
The old saw “better late than never” came to mind during the week ended May 5, the 18th trading week of 2007.
News
TSX Venture Short Positions (May 14, 2007)
Short positions outstanding at April 30/07 (with changes from April 15).
North American Stock Exchange Indices (May 14, 2007)
Date May 7 May 4 May 3 May 2 May 1 High Low S&P/TSX-Ven Comp 3350.84 3369.79 3347.73 3322.29 3262.34 3371.57 2291.43 TSX Composite 13815.51 13769.89 13687.00 13578.74 13406.33 13815.57…
Lending Rates (May 14, 2007)
as of 9 a.m. ET, May 14, 2007(%)
Norilsk Outbids Xstrata for LionOre
Norilsk Nickel (NILSY-O, MNOD-L) has thrown a $5.3-billion offer on the table for Toronto’s LionOre Mining International (LIM-T, LMGGF-O), topping Xstrata’s (XTA-L, XSRAF-O) $4.6-billion friendly take…
CNQ Trading (May 14, 2007)
STOCK TICKER VOLUME HIGH LOW LAST CHANGE HIGH LOW May 1-7, 2007 Bannockburn Res BKNN 68 5.50 4.90 5.00 – 0.10 5.50 0.405 Calstar CALS 500 0.10 0.08 0.09 –…
Barrick Clears Hedge, Takes US$159M Loss
Vancouver — Swallowing some bitter medicine, Barrick Gold (ABX-T, ABX-N) reported a US$159-million (US18 per share) first-quarter loss resulting from the elimination of its gold sale contracts.
Canadian Gold Mutual Funds (May 14, 2007)
Fund name May 7($) Apr.30($) Change($) Change(%) YTD(%) MER*(%) Assets*(M$) AGF Pr Mtl 30.15 28.51 1.64 5.8 12.7 2.63 560.7 Altamira Pr & Str Mtl 13.36 12.78 0.58 4.5 3.1…
International Quotes (May 14, 2007)
Australia (A$) May 7 Apr 30 Change Bendigo Mining 0.38 0.38 0.00 Centamin Egypt 1.20 1.09 0.11 Emperor Mines 0.13 0.13 0.00 Kingsgate Cons. 5.67 5.37 0.30 Lion Selection Gp…
Exchange Rates (May 14, 2007)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)
Dividends (May 14, 2007)
Company Div.($) Pay Date Record Date Falconbridge S2 f May 14 Apr 30 Potash C Sask 0.15 May 11 Apr 12 Alcoa 0.17* May 25 May 4 Consol Energy 0.07*…
Gahcho Ku Drilling Buoys Confidence
Vancouver — Mountain Province Diamonds (MPV-T, MDM-X) and De Beers Canada have wrapped up winter drilling on the Tuzo kimberlite pipe at the Gahcho Ku diamond property, located about 300 km northeas…