BHP Billiton backs Peregrine Diamonds on Baffin Island
BHP Billiton (BHP-N, BLT-L), the principal owner of Canada’s wildly successful Ekati diamond mine in the Northwest …
News
DIVIDENDS (November 24, 2008)
Note: Alcoa will pay its quarterly div of US$0.9375 for US$3.75 cmltv pr sh on Jan 1, rec Dec 12. Xstrata Canada will $0.2863 div for pr sh series 3…
LENDING RATES (November 24, 2008)
as of 9 a. m. ET. Nov. 11, 2008 (%) Bank of Canada 2.50 Target overnight rate 2.25 Canadian Prime 4.00 U. S. Discount Primary 1.25 U. S. Fed Funds market rate 1.00 U. S. Prime …
Silverstone makes move into gold
Vancouver — Silverstone Resources (SST-V, SVRCF-o) has secured life-of-mine silver and gold production from Sherwood Copper’s (SWC-V, SWOPF-o) Minto copper mine in the Yukon.
Golden Band grows Bingo resource
Vancouver–The high-grade gold resource in Golden Band Resources’ (GBN-V, GBRIF-o) Bingo deposit is small but growing steadily.
INTERNATIONAL QUOTES (November 24, 2008)
Australia (A$) Nov 4 Oct 28 Change Bendigo Mining 0.12 0.11 0.01 Kingsgate Cons. 2.93 2.31 0.62 Lion Selection Ltd 1.10 1.20 -0.10 Newcrest Mining 20.65 17.71 2.94 Re…
Rambler focused on Ming
Vancouver — With dewatering complete and a prefeasibility study under way, Rambler Metals and Mining (RAB-v) continues to hit strong copper and gold grades at its namesake property in Newfoundland.
Capex spending spree waning
Sales of operating equipment could be cut in half over the next two years as mining companies concentrate on capital preservation, working capital and share buybacks, according to a new report from Ci…
Cost of capital scorching juniors: Cormark report
For investors wondering why their favourite junior mining stocks have plummeted so far below the value they may hold in the ground, a new report from Cormark Securities sheds some light.
TSX VENTURE EXCHANGE – NOVEMBER 11-17
By the last day of the Nov. 11-17 trading session the S&P-TSX Venture Composite Index slid below 800 points and closed at a low not seen since January 2000. The Venture board lost 128.2 points to …
Mangazeisky showing sparkle for Silver Bear
Vancouver– In its third year exploring the Mangazeisky silver project in Russia’s Sakha Republic, Silver Bear Resources (SBR-t) pulled some short, high-grade intercepts out the of ground, indicating …
PEOPLE (November 24, 2008)
Alcoa — Patricia Russo appointed a director.