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CANADIAN GOLD MUTUAL FUNDS (July 28, 2008)

Fund name July 21 July 14 Change Change YTD MER* Assets* ($) ($) ($) (%) (%) (%) (M$) AGF Pr Mtl 26.29 27.99 -1.70 -6.1 -7.9 2.60 615.3 Altamira Pr & Str Mtl 12.44 13.02 -0…




Franconia updates Birch Lake resource

VANCOUVER– Franconia Minerals (FRA-T, FRALF-O) has doubled its resource estimate for the Main zone at its Birch Lake copper-nickel- platinum group metals deposit, about 11 km northeast of Babbitt, in…


Aurelian stands firm in Ecuador

While uncertainty continues to swirl around foreign mining investment in Ecuador, the former darling of the junior gold mining circuit, Aurelian Resources (ARU-T, AUREF-O), is pushing ahead with plans…


Goldsource falls on stepout results

VANCOUVER — After gaining 6,000% in two months, Goldsource Mines (GXS-V, GXSFF-O) just got its first reality check. The company’s share price plummeted on news that the first two exploration holes dr…


Mining at one of Alpha Natural Resources' coal mines in the U. S. Alpha Natural and iron ore heavyweight Cleveland-Cliffs have announced plans to merge in a US$10-billion cash-and-stock deal. The new company, to be called Cliffs Natural Resources, would hold more than 60 coal mines and nine iron ore facilities.

Cleveland-Cliffs bids for coal miner Alpha Natural

If the takeover by Cleveland- Cliffs (CLF-N) of Alpha Natural Resources (ANR-N) goes ahead, the new entity will own nine iron-ore facilities and more than 60 coal mines across North America, South Ame…


LENDING RATES (July 28, 2008)

as of 9 a. m. ET, July 22, 2008 (%) Bank of Canada 3.25 Target overnight rate 3.00 Canadian Prime 4.75 U. S. Discount Primary 2.25 U. S. Fed Funds market rate 2.00 U. S. Prime …


UAE pours oil money into mining

In an effort to shield itself from escalating costs of infrastructure-related materials, the government of Ras Al Khaimah, a part of the United Arab Emirates (UAE), has set up what may become the firs…


EXCHANGE RATES (July 28, 2008)

CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate) Date July 21 July 18 July 17 July 16 July 15 US$ in C$ 1.0021 1.0053 1.0016 1.0017 1.0020 C$ in US$ 0.9979 0.9947 0.9984 0.9983 0…


Midasco sings Utah’s praises

VANCOUVER — It’s a good time to have acquired uranium past-producers, but it’s been tough selling them to the market.


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