Lending Rates (March 30, 2009)
as of 9 a. m. ET. March 24, 2009 (%) Bank of Canada 0.75 Target overnight rate 0.50 Canadian Prime 2.50 U. S. Discount Primary 0.50 U. S. Fed Funds market rate 0-0.25 U. S. Prime…
News
Minera Andes back to business (March 30, 2009)
SITE VISIT PERITO MORENO, ARGENTINA — The guanacos, smaller cousins to the llamas, have noticed something unusual taking place here on the sleepy, endless pampas of Santa Cruz province, in…
Exchange Rates (March 30, 2009)
CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate) Date Mar. 23 Mar. 20 Mar. 19 Mar. 18 Mar. 17 US$ in C$ 1.2323 1.2371 1.2725 1.2720 1.2718 C$ in US$ 0.8115 0.8083 0.8119 0.7862 0…
International Quotes (March 30, 2009)
Australia (A$) March 24 March 10 Change Bendigo Mining 0.23 0.21 0.02 Kingsgate Cons. 5.00 4.65 0.35 Lion Selection Ltd 0.93 0.90 0.03 Newcrest Mining 33.06 30.75 2.31 …
Mayhem In Madagascar
Madagascar is in a state of upheaval, and while foreign miners with operations there deny being affected, no one knows how it will play out in the end.
Kinross Invests In Ailing Harry Winston
Kinross Gold (K-T, KGC-N) is raising some eyebrows with a surprise move into the diamond business, starting with a US$150-million offer for stakes in diamond miner and retailer Harry Winston Diamond (…
Xstrata Throws Wrench In The Works At Cobalt Project
VANCOUVER — Rarely do mining companies make headlines for objecting to a competitor’s mine development based on its potential environmental impact.
Teck Ordered To Pay US Natives $1M For Trail Smelter Pollution
VANCOUVER– After exhausting its appeal options, Teck (TCK. B-T, TCK-N) has been ordered to pay more than US$1 million to an American Indian tribe to reimburse legal expenses it incurred trying to for…
Dorato Raising $5M For Taricori
VANCOUVER — Dorato Resources (DRI-V, DRIFF-O) is topping up its cash reserves with a $5-million private placement underwritten by Canaccord Capital to help fund a 35-hole drill program on the Taricor…
Hedge Fund SRM Wins Battle For HudBay
VANCOUVER — The battle for control of HudBay Minerals (HBM-T, HBMFF-O) got uglier in the week leading up to the proxy vote deadline, with both the incumbent board and its challengers using letters an…
When Harry Met Tye
Kinross Gold served up the biggest surprise of the eleventh trading week of the year, with its first-ever foray into the diamond business in the form of a US$150-million investment in Harry Winston an…
Commodities Forecasted To Rebound In 2010
One of the most anticipated and well-attended sessions at the recent Prospectors and Developers Association of Canada convention in Toronto was a presentation on commodities and the market outlook. Af…