The price of silence: more shareholder abuse
Commentary — The following is an open letter from Robert McEwen, US Gold CEO and chairman, and the former CEO of Goldcorp, which recently launched a US$8.6-billion takeover of Glamis…
News
Trouble afoot in financial markets, Part III
Commentary — The following is the last of three edited parts of a speech presented at the recent Silver Summit in Coeur d’Alene, Idaho. Evidence pointing to surreptitious market intervention…
Western Canadian Coal opens Wolverine
Tumbler Ridge, B.C. — More than 200 guests gathered near this Peace River community in early October to help Western Canadian Coal (WTN-T, WXJXF-O) (WCC) celebrate the official opening of its Wolveri…
CVRD sambas into Toronto
A day after announcing that Brazilian iron ore giant Companhia Vale do Rio Doce (CVRD) (RIO-N) had acquired 76% of Inco’s (N-T, N-N) shares and were closing in on finalizing the takeover, the top bras…
Peregrine to acquire Kettle River
Peregrine Diamonds (PGD-T) is boosting its stake in the WO diamond project in the Northwest Territories and, in turn, the DO-27 pipe by merging with Kettle River Resources (KRR-V, KRRSF-O).
International Quotes (November 06, 2006)
Australia (A$) Oct 31 Oct 23 Change Bendigo Mining 0.99 0.98 0.01 Centamin Egypt 0.68 0.67 0.01 Croesus Mining 0.28 0.28 0.00 Emperor Mines 0.35 0.38 -0.03 Kingsgate Cons. 4.01…
Stornoway turns over Ashton board (November 06, 2006)
Robert Boyd will stay on as interim chief executive officer at Ashton Mining of Canada (ACA-T, AMCFF-O), but now that Stornoway Diamond (SWY-T, SWYDF-O) has a 73% interest in the company the board of …
Dividends (November 06, 2006)
Company Div.($) Pay($) Record Date Pr Mtls Mng Trust 0.05 Nov 15 Oct 31 Peabody Energy 0.06* Nov 22 Nov 1 Alcoa 0.15* Nov 25 Nov 3 Noranda Incm Fd…
Exchange Rates (November 06, 2006)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)
Great Quest drills out Djambaye (November 06, 2006)
A resource estimate prepared for Great Quest Metals (GQ-V, GQMLF-O) on its Djambaye 2 gold prospect in the Kenieba gold belt of western Mali shows a preliminary resource of just over 130,000 oz.
Daily Metal Prices (November 06, 2006)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
Toronto Stock Exchange October 24-30
The TSX gained 155.25 points to end at 12,274.40 over the Oct. 24-30 trading session, protected from losses in oil prices by gains in the price of gold. The yellow metal was up on strong jeweller dema…