Red Back Mining posts record production in Q4
Mines in Mauritania and Ghana posted record production in the fourth quarter for gold producer Red Back Mining…
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Daily Metal Prices (February 09, 2009)
Date Feb. 2 Jan. 30 Jan. 29 Dec. 28 Dec. 27 BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne) Al Alloy 1035/1070 1035/1070 1011/1050 1061/1129 1060/11…
North American Stock Exchange Indices (February 09, 2009)
52-week Date Feb 2 Jan. 30 Jan. 29 Jan. 28 Jan. 27 High Low S&P/TSX-Ven Comp 872.82 882.63 880.54 869.92 867.87 2814.88 678.62 TSX Composite 8624.83 8694.90 8762.76 8906.23 8759.63…
More Gold For Osisko At Canadian Malartic
With a feasibility study completed and 6.3 million oz. of gold reserves already outlined in the main ore-body at its Canadian Malartic deposit, in Quebec, Osisko Mining (OSK-T, OSKFF-O) wants more.
Rio Tinto Woos Chinese
The week ended Jan. 31, the fourth trading week of 2009, was rife with speculation over Rio Tinto’s future, and just what the debt-crippled giant might hand over to its deep-pocketed 9% shareholder, s…
PDAC President Breaks Down Budget Benefits
The following is a message sent to members of the Prospectors & Developers Association of Canada on Jan. 28 by the organization’s president, Jon Baird, in response to the federal government’s new …
TSX Short Positions (February 09, 2009)
Short positions outstanding at Jan. 15/09 (with changes from Dec. 31/08).
Lending Rates (February 09, 2009)
as of 9 a. m. ET. Feb. 3, 2009 (%) Bank of Canada 1.25 Target overnight rate 1.00 Canadian Prime 3.00 U. S. Discount Primary 0.50 U. S. Fed Funds market rate 0-0.25 U. S. Prime …
B2Gold Swoops In On Central Sun
VANCOUVER — With only hours to go before a 5 p. m. deadline on Jan. 30, Linear Gold (LRR-T, LGCFF-O) dropped its bid for Central Sun Mining (CSM-T, SMC-N) instead of topping B2Gold’s (BTO-T, BGLPF-O)…
Freeport Defends Phelps Takeover After US$13B Writedown
VANCOUVER — Impairment and goodwill charges primarily related to Freeport-McMoRan Copper & Gold’s (FCX-N) acquisition of Phelps Dodge in March 2007 have come back to haunt it with a US$13.9-billi…
Eldorado Aims For 400,000 Oz. Gold Production In 2010
VANCOUVER — Although its yearend numbers and production forecasts suggest Eldorado Gold (ELD-T, EGO-X) is catching up to the majors, Eldorado chief financial officer Earl Price says: “We actually lik…
TSX Venture Short Positions (February 09, 2009)
Short positions outstanding at Jan. 15/09 (with changes from Dec. 31/08).