Minefinders pours first gold at Dolores, Mexico
Minefinders’ (MFL-T, MFN-X) Dolores mine in Chihuahua, Mexico is expected to produce more than 1.7 million oz…
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DIVIDENDS (November 17, 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 17, 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 …
Pacific Comox’s vision for Ryan Lake (November 17, 2008)
SITE VISIT Matatchewan, Ont. — A big old pile of crushed ore sits outside the mill at Pacific Comox Resources’ (PCM-V, PAOCF-o) past-producing Ryan Lake copper-moly project. The pile has…
Moly market ready for a rebound?
Molybdenum prices seemed to have found a home in the US$30- to US$35-per-lb. range for the past couple of years. Even as most other base metals went into freefall during the past few months, moly pric…
Nevsun arranges US$89M debt for Bisha (November 17, 2008)
Vancouver — The Industrial Development Corp. of South Africa (IDC) must have liked what it saw at Nevsun Resources’ (NSU-T, NSU-x) Bisha project when it visited the site in Eritrea this August. The I…
Editorial: Moly meltdown shakes things up
The spectre of a global recession continued to grow and shape-shift during the week ended Nov. 8, the 45th trading week of 2008, laying its dead hand onto more industrial players, including automakers…
Kinbauri tops 2M oz. gold at El Valle and Carles
Vancouver — Resources at Kinbauri Gold’s (KNB-V, KINBF-o) El Valle and Carles mines in northwestern Spain continue to grow in the wake of a completed 30,000- metre drilling campaign. All told, the pr…
TSX VENTURE SHORT POSITIONS (November 17, 2008)
Short positions outstanding at Oct. 31/08 (with changes from Oct. 15/08).
EXCHANGE RATES (November 17, 2008)
CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate) Date Nov. 10 Nov. 7 Nov. 6 Nov. 5 Nov. 4 US$ in C$ 1.1942 1.1835 1.1818 1.1596 1.1499 C$ in US$ 0.8374 0.8450 0.8462 0.8624 0.869…
INTERNATIONAL QUOTES (November 17, 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…
In pursuit of financing, Adanac retools Ruby Creek
Adanac Molybdenum (AUA-T, AUAYF-o) is looking into a new plan for its Ruby Creek moly project near Atlin, B. C., after figures from an updated feasibility study weren’t as promising as the originals.