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…
News
JS Redpath Hired To Ramp Up Kirkland Lake’s South Mine
North Bay, Ont.-based mine developer J. S. Redpath has signed a deal with Kirkland Lake Gold (KGI-T, KGILF-O) to ramp up production at the gold miner’s South Mine Complex to 425 tonnes per day, seven …
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…
Normet Acquires Chilean Manufacturer Semmco
Finnish mining equipment manufacturer Normet Group has acquired Chile-based Semmco Group, giving it access to the South American manufacturer’s specialized robots and low-profile transmixers for spray…
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….
Nautilus Anchors Equipment Suppliers For Solwara 1
Deep-sea explorer Nautilus Minerals (NUS-T, NUS-A) has announced the equipment suppliers for Solwara 1, its gold-copper massive sulphide seafloor deposit.
Sandvik Bags Contract With Potash Corp. Of Saskatchewan
Sandvik Mining and Construction has signed a contract to supply Potash Corp. of Saskatchewan (POT-T, POT-N) with a fleet of Sandvik MF420 Borer Miners.
U. S. MARKETS – DECEMBER 2-8
U. S. markets were up sharply during the Dec. 2-8 trading session. The Dow Jones Industrial Average gained 785 points, or 9.6%, to 8,934; the S&P 500 index rose 93 points, or 11.4%, to 910; and th…
TORONTO STOCK EXCHANGE – DECEMBER 2-8
After four straight days of decline, the S&P/TSX composite index managed to regain its feet on Friday, Dec. 5, continuing to build momentum at the start of the new week and saving an otherwise ble…