La Mancha sees rise in production, costs
While gold production is on the rise for La Mancha Resources (LMA-T, LACHF-O), so, too, are its costs, and its recent first-quarter results were unable to generate positive momentum on the market.
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Editor’s Picks: Top Stories of Week 20
The week ended May 17, the twentieth trading week of 2008, was punctuated by a massive earthquake in China’s Sichuan province that killed at least 40,000 people, left millions homeless and damaged muc…
Chariot sorts out delays to Mina Justa feasibility
Investors awaiting the completion of Chariot Resources’ (CHD-T, CHDSF-O) feasibility study for the Mina Justa copper deposit at its Marcona project, in Peru, will have to wait a little bit longer.
EXCHANGE RATES (May 26, 2008)
CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate) Date May 19 May 16 May 15 May 14 May 13 US$ in C$ Holiday 0.9968 0.9998 1.0020 1.0005 C$ in US$ Holiday 1.0032 1.0002 0.9980 0.99…
LENDING RATES (May 26, 2008)
as of 9 a. m. ET, May 20, 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 5…
Golden Goose raises Lac Levac resource (May 26, 2008)
Golden Goose Resources (GGRV, GGOSF-O) has released an updated resource for its Lac Levac copper-nickel-cobalt-platinum group elements project near Nemiscau, in the James Bay area of northern Quebec.
BC mining industry stays healthy in 2007
VANCOUVER–British Columbia’s mining industry produced strong financial results in 2007, driven as elsewhere by base metal prices and global demand, though net earnings were down compared with the rec…
Reed Lake still holds promise for VMS Ventures
VANCOUVER — Though the initial excitement over VMS Ventures’ (VMS-V, VMSTF-O) Reed Lake discovery in Manitoba has died down, the project continues to produce significant results.
DIVIDENDS (May 26, 2008)
Note: Xstrata will pay its pref sh series 3 div of $0.2862 on June 2, rec May 15. Vale will pay $0.52* on common and pr sh to be paid in two instlmnts on Apr 30 and Oct 31. Alcoa will pay $0.9367* per…
INTERNATIONAL QUOTES (May 26, 2008)
Australia (A$) May 20 May 13 Change Bendigo Mining 0.32 0.29 0.03 Centamin Egypt 1.44 1.38 0.06 Croesus Mining 0.03 0.04 -0.01 Kingsgate Cons. 5.60 5.30 0.30 Lion Sel…
PEOPLE (May 26, 2008)
PEOPLE Aleris International – J. Steven Whisler appointed a director. Asian Mineral Resources – Collin Ellison appointed president and CEO. Aurizon Mines – Andre Falzon appointed a director. Geodex Minerals…
DAILY METAL PRICES (May 26, 2008)
LEGEND CONVERSIONS OF WEIGHTS & MEASURES Date May 19 May 16 May 15 May 14 May 13 BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)…