Iamgold to raise $300 million in equity offering
Iamgold (IMG-T, IAG-n) plans to raise C$300 million in an equity offering to help pay for the development of its ne…
2009
Zambia wants Glencore to cough up two assets
The government of Zambia isn’t taking the consequences of falling metal prices lying down.
First Quantum earns US$45.9 million in 2008
Vancouver – Despite record copper production First Quantum Minerals (FM-T) managed to earn just US$45.9 million in …
The PDAC speech Don Coxe didn’t give
Due to a rare Parvo virus contracted on vacation in the Caribbean, Donald Coxe, founder and chairman of Coxe Adviso…
Rio Tinto sells Jacobs Ranch to Arch Coal
It looks like Rio Tinto’s (RTP-N, RIO-L) recent US$19-billion cash infusion from Chinese state-owned Aluminum Corp….
Vedanta buying Asarco for US$1.7B
Vancouver – Beleagured US copper giant Asarco has agreed to Vedanta Resources’ (VED-L) revised US$1.7 billion offer…
Canadian Royalties to renegotiate debentures
If market conditions don’t improve, Canadian Royalties (CZZ-T) might not have enough cash to pay interest on $137.5…
Policy changes in Zimbabwe lead New Dawn to restart development
New Dawn Mining (ND-T) plans to take its 100%-owned Turk mine in Zimbabwe out of care and maintenance and put it ba…
Good grades can’t lift Hana
The latest results from Hana Mining’s (HMG-V) Ghanzi copper and silver project in Botswana returned high grades, bu…
Exchange Rates (March 09, 2009)
CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate) Date Mar. 2 Feb. 27 Feb. 26 Feb. 25 Feb. 24 US$ in C$ 1.2890 1.2707 1.2456 1.2556 1.2470 C$ in US$ 0.7758 0.7870 0.8028 0.7694 0….
Canadian Gold Mutual Funds (March 09, 2009)
Featured Fund: BMO precious metals as of 12/31/08 (in weighted order): Kinross Gold, Allied Nevada Gold, Agnico-Eagle Mines, Goldcorp, Red Back Mining, San Gold, Quadra Mining, Franco-Nevada, Lihir Go…
Dividends (March 09, 2009)
Note: Alcoa will pay $0.9375* on its $3.75* cmltv pr sh on Apr 1, rec Mar 13. Vale will payu $0.4795 for all shares on Apr 30 and Oct 30. Yamana Gold will pay US$0.01* per share every quarter. Anglo A…