Fortress looks to Russia’s Far East
Getting to Fortress Minerals’ (FST-V, FTMNF-o) flagship Svetloye property, in Russia’s Far East, isn’t easy. The gold project lies 750 km west of Magadan, a port city on the sea of Okhotsk, where the …
News
Metals Commentary: Daiwa Research sets price bottom for mid-2009
A new report from Japan’s Daiwa Institute of Research forecasts that looser monetary policy next year in China will help stimulate a recovery in investment and metal demand there, while a bottom to th…
LENDING RATES (October 27, 2008)
as of 9 a. m. ET, Oct. 21, 2008 (%) Bank of Canada 2.75 Target overnight rate 2.25 Canadian Prime 4.25 U. S. Discount Primary 1.75 U. S. Fed Funds market rate 1.50 U. S. Prime …
EXCHANGE RATES (October 27, 2008)
CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate) Date Oct. 13 Oct. 10 Oct. 9 Oct. 8 Oct. 7 US$ in C$ 1.1976 1.1823 1.1952 1.1802 1.1602 C$ in US$ 0.8350 0.8458 0.8367 0.8473 0.86…
Discovering Yukon’s Underworld (October 27, 2008)
Underworld Resources (UW-V, UNDWF-o) recently released promising results from three drill holes at its White Gold property, in the Yukon.
PEOPLE (October 27, 2008)
Africo Resources — Jim Cook, Pieter Deboutte, Matthew Fisher and Douglas Ryan appointed directors.
INTERNATIONAL QUOTES (October 27, 2008)
Australia (A$) Oct 21 Oct 14 Change Bendigo Mining 0.13 0.15 -0.02 Kingsgate Cons. 0.75 0.66 0.09 Lion Selection Ltd 1.30 1.39 -0.09 Newcrest Mining 22.37 26.65 -4.28 …
American Mining Hall of Fame to celebrate new inductees
On Dec. 6, geologists, prospectors and mine engineers will gather in Tucson, Ariz. for the 26th Annual American Mining Hall of Fame Awards Ceremony and Banquet.
U. S. MARKETS – OCT. 14-20
U. S. markets were down during the Oct. 14-20 trading session after investors realized that, although various government bailouts may revive credit markets and allow banks to resume lending, the world…
TORONTO STOCK EXCHANGE – OCT. 14-20
Sliding commodity prices and fears of a recession are haunting the Canadian economy: A new poll by the Conference Board of Canada found that consumer confidence fell this month to its lowest level sin…
TSX VENTURE EXCHANGE – OCT. 14-20
The S&P-TSX Venture Composite Index bounced up and down over the Oct. 14-20 trading session. On the first day of the week, it broke through the 1,000-point mark but by the next day it was back dow…
Agnico-Eagle on track with Meadowbank for 2010 (October 27, 2008)
Gold-bearing Archean greenstone belts were first discovered in the Baker Lake area of what is now Nunavut in the 1980s. Fast-forward 28 years and Agnico-Eagle Mines (AEM-T, AEM-n) is in the midst of b…