TSX Venture Exchange november 28-December 4
Junior miners and explorers posted another strong week on the back of continued robust precious and base metal prices with the S&P-TSX Venture Composite Index gaining 3.2% or 89.26 points to close…
2006
Dividends (December 11, 2006)
Company Div. Pay Record ($) Date Date Russel Metals 0.40 Dec 15 Nov 15 Barrick Gold 0.11* Dec 15 Nov 30 Alcan 0.20* Dec 20 Nov 20 Noranda Incm Fd…
Lending Rates (December 11, 2006)
as of 4 pm ET, Dec. 4, 2006 (%) Bank of Canada 4.50 Target overnight rate 4.25 Canadian Prime 6.00 U.S. Discount Primary 6.25 U.S. Fed Funds market rate 5.25…
Coal train gaining momentum
Vancouver — Canadian coal producers, eyeing forecasts of rising consumption in Asia, are gearing up to take advantage of buoyant prices by expanding their thermal and coking coal operations within th…
Metals forecast
Metal investors can be forgiven if they feel like popping an extra bottle of Dom Prignon this New Year’s Eve. It’s been a rollicking 12-month ride for metal prices, and the shares of many of the comp…
Platinum’s future looks bright
Vancouver — If silver’s moniker is the poor man’s gold, platinum’s buoyant price performance must certainly place it in the running as a much richer man’s precious metal. However, despite the lofty p…
The looming staff crunch for mining companies
Slow times in mining over the past couple of decades have changed into a time of high activity, buoyed by strong demand for commodities. As mining companies contemplate their next projects, they may b…
HudBay budgets $45M on exploration, development
As part of a plan to develop marginal deposits while metal prices are high, HudBay Minerals (HBM-T) will spend $8.5 million on a program of infill drilling, a bulk sample and a feasibility study on th…
Barrick’s bid for NovaGold expires
Vancouver — With the clock ticking down on its US$16.00-per-share bid for control of NovaGold Resources (NG-T, NG-X) at presstime, Barrick Gold (ABX-T, ABX-N) appears likely to become nothing more th…
A little rough
Strapped for cash, Tahera Diamond (TAH-T) is counting on a $30-million private placement from Teck Cominco (TCK.B-T, TCK-N) to help stem the tide while it attempts to right the underperforming Jericho…
Editorial: Mining and CSR, Part II
In Part I last week, we began our look at how three high-profile accidents at Canadian-operated mines in the mid-1990s provoked fundamental changes in the Canadian mining industry, and focused on a sp…
No substitute for common sense
Mining Explained