Correction (December 15, 2008)
In the T. N. M. Nugget attached to the story “Uranium price will rebound,” in our Outlook 2009 section (Dec. 8-14/08), we inaccurately stated that reactor consumption of uranium in 2006 was 27,000 ton…
2008
Wilco, Jessup Return More Nevada Gold For Rye Patch
Rye Patch Gold (RPM-V, RPMGF-O) has reported more gold intersections in drilling at its Wilco and Jessup projects in Nevada.
Lending Rates (December 15, 2008)
as of 9 a. m. ET. Dec. 9, 2008 (%) Bank of Canada 2.50 Target overnight rate 1.50 Canadian Prime 4.00 U. S. Discount Primary 1.25 U. S. Fed Funds market rate 1.00 U. S. Prime 4…
Capoose On Track For Silver Quest
Vancouver — As part of its efforts to update a historical resource estimate, Silver Quest Resources (SQI-V, SQIFF-O) has confirmed silver and gold mineralization at its Capoose property, 185 km south…
Canadian Gold Mutual Funds (December 15, 2008)
as of Sept. 31/08
Jinshan Adds More Gold At Dadiangou
Jinshan Gold Mines (JIN-T, JINFF-O) has defined a higher-grade core zone within its Dadiangou gold deposit in China’s Gansu province that is likely to enhance the project’s economics. The higher-grade…
Exchange Rates (December 15, 2008)
CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate) Date Dec. 8 Dec. 5 Dec. 4 Dec. 3 Dec. 2 US$ in C$ 1.2572 1.2969 1.2540 1.2573 1.2421 C$ in US$ 0.7954 0.7711 0.7974 0.7954 0.8051…
International Quotes (December 15, 2008)
International Quotes Australia (A$) Dec 9 Nov 25 Change Bendigo Mining 0.13 0.12 0.01 Kingsgate Cons. 2.68 2.80 -0.12 Lion Selection Ltd 0.79 0.92 -0.13 Newcrest Mining 28….
HudBay-Lundin Merger Draws Fire
Vancouver — What was supposed to be a friendly merger between HudBay Minerals (HBM-T, HBMFF-O) and Lundin Mining (LUN-T, LMC-N) is turning into a nasty battle, as groups of HudBay shareholders demand…
Vale Scales Back
As the world economy continues to unravel, Vale (RIO-N) is closing its Copper Cliff South nickel mine in Sudbury, Ont., suspending its Voisey’s Bay nickel operations in Labrador for a month next July,…
Fresnillo Moves On MAG Silver
In what executives at MAG Silver (MAG-T, MVG-X) are calling a “take-under” bid, a subsidiary of Fresnillo (FNLPF-O, FRES-L) is offering US$4.54 per share in cash for all of MAG’s outstanding shares. M…
Seabridge Puts KSM’s Mine Life At 30 Yrs
Vancouver — A preliminary economic assessment has put a US$3.4- billion price tag on the Kerr-Sulphurets- Mitchell (KSM) gold project in northwest British Columbia, but the investment would buy a 30-…