International Quotes (June 11, 2007)
Australia (A$) June 4 May 28 Change Bendigo Mining 0.34 0.36 -0.02 Centamin Egypt 1.13 1.12 0.01 Emperor Mines 0.13 0.12 0.01 Kingsgate Cons. 5.39 5.53 -0.14 Lion Selection Gp…
2007
Exchange Rates (June 11, 2007)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)
Dividends (June 11, 2007)
Company Div. ($) Pay Date Record Date Arch Coal 0.07* June 15 June 1 Alcan 0.02* June 20 May 18 Newmont 0.10* June 29 June 8 Newmont Canada 0.1123 June…
Lending Rates (June 11, 2007)
as of 9 a.m. ET, June 5, 2007(%)
Tournigan to split
Vancouver — In a move that’s becoming more common among mining companies, Tournigan Gold (TVC-V, TVCZF-O) plans to reorganize into two companies, based on commodities, eyeing better market valuation …
Royalties feasibility study shows quick payback (June 11, 2007)
Development of the Raglan South nickel deposits in the Nunavik region of far northern Quebec is economic, and high nickel prices shrink the project’s payback period substantially, says a feasibility s…
Proposal to bring 400 Chinese miners to B.C. raises alarm
Vancouver — The Canadian arm of a Chinese coal mining company is proposing to bring in 400 Chinese workers to run a new underground mine in northeastern British Columbia. Privately held Canadian Dehu…
SXR Uranium One to buy Energy Metals (June 11, 2007)
Anxious to add U.S. uranium assets to its rapidly expanding, global uranium empire, SXR Uranium One (SXR-T, SXR-J) has tabled a $1.5-billion, all-share, friendly offer to buy Vancouver-based uranium j…
Buenaventura knocks out more hedges (June 11, 2007)
Minas Buenaventura (BVN-N) has bought out its 2009 gold hedging commitments, removing another 248,000 oz. from its hedge book.
First Majestic blocks out San Martin ore
A new reserve estimate shows a turnaround at the San Martin silver mine in northern Jalisco state, Mexico, under new owner First Majestic Silver (FR-V, FRMSF-O), will likely rest on bringing resources…
Miner killed in accident at Seabee
A gold miner has been killed in an accident at Claude Resources’ (CRJ-T, CGR-X) Seabee gold mine in northern Saskatchewan.
Dynatec shareholders vote for Sherritt merger
A meeting of shareholders in Dynatec (DY-T) has approved the takeover offer from Sherritt International (S-T), whic…