Barrick bids for junior energy company to mitigate oil costs
Barrick Gold (ABX-T, ABX-N) is hedging against soaring oil prices with an all-cash offer for Albertan oil and gas j…
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Correction: Khan Resources
Khan Resources’ (KRI-T, KHRIF-O) Dornod project has probable reserves of 49 million lbs. uranium oxide from the No….
LENDING RATES (July 14, 2008)
as of 9 a. m. ET, June 24, 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 …
DIVIDENDS (July 14, 2008)
Note: Vale will pay $0.52* on common and pr sh in two instlmnts on Apr 30 and Oct 31. Alcoa will pay $0.9367* per share on $3.75* cmltv prf stk on July 1, rec June 13. Hecla Mining will pay $0.875* di…
EXCHANGE RATES (July 14, 2008)
CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate) Date July 7 July 4 July 3 July 2 July 1 US$ in C$ 1.0173 1.0155 1.0206 1.0129 Holiday C$ in US$ 0.9830 0.9847 0.9798 0.9873 Holid…
First Nickel on firmer ground with Lockerby
First Nickel (FNI-T, FNKLF-O)wants to put market questions around its Lockerby nickel mine, in Ontario’s Sudbury basin, to bed.
Big resource boost at Detour Lake (July 14, 2008)
Detour Gold (DGC-T, DRGDF-O) has more than doubled measured and indicated resources at its Detour Lake project, in northern Ontario, to more than 10 million oz. gold.
Livengood results lift International Tower Hill (July 14, 2008)
VANCOUVER — A long, well-mineralized intercept from its Livengood gold project in Alaska had International Tower Hill Mines (ITH-V, THM-X) up as much as 35% in recent trading.
New copper finds needed to replace reserves: MEG
In a recent study, Halifax, N. S.-based Metals Economics Group (MEG) concludes that copper reserves in the ground maintain a comfortable cushion of about 30 years’ production. However, two potential p…
Editorial: Carbon taxes leave Canadians cold
The week ended July 5, the 27th trading week of 2008, saw two very bad ideas come to the fore in Canada.
U. S. MARKETS JULY 1-7
The surging oil price continued to weigh on equities during the July 1-7 trading session. The Dow Jones Industrial Average dropped 118 points, or 1%, to 11,232; the S&P 500 Index fell 28 points, o…
TORONTO STOCK EXCHANGE JULY 2-7
It was nothing short of a bloodbath. The S&PTSX Composite Index crashed 754.23 points, or 5.3%, to 13,712.8 during the July 1-7 trading session, while the Capped Metals and Mining Index fell 94.28…