Editorial: Loonie at 30-year high
The resurgent Canadian dollar pushed its way to the top of the newsmaker list during the week ended June 2, the twenty-second trading week of 2007.
2007
Toronto Stock Exchange May 29 – June 4
The S&P-TSX Composite Index finished the May 29-June 4 trading period 73 points higher, at 14,146.740.
CIM honours Cooke, others (June 11, 2007)
Some outstanding members of Canada’s minerals industry were honoured recently by the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) during the annual CIM conference in Montreal.
Daily Metal Prices (June 11, 2007)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)
WSR Gold up 47% on Guyanese intersections
Vancouver — High-grade gold intersects out of Peter’s mine in Guyana had WSR Gold (WSR-V, WSROF-O) trading up 47% recently, closing up 17 at 53 on almost 5 million shares traded.
Lending Rates (June 11, 2007)
as of 9 a.m. ET, June 5, 2007(%)
Tournigan to split
Vancouver — In a move that’s becoming more common among mining companies, Tournigan Gold (TVC-V, TVCZF-O) plans to reorganize into two companies, based on commodities, eyeing better market valuation …
Royalties feasibility study shows quick payback (June 11, 2007)
Development of the Raglan South nickel deposits in the Nunavik region of far northern Quebec is economic, and high nickel prices shrink the project’s payback period substantially, says a feasibility s…
Proposal to bring 400 Chinese miners to B.C. raises alarm
Vancouver — The Canadian arm of a Chinese coal mining company is proposing to bring in 400 Chinese workers to run a new underground mine in northeastern British Columbia. Privately held Canadian Dehu…
SXR Uranium One to buy Energy Metals (June 11, 2007)
Anxious to add U.S. uranium assets to its rapidly expanding, global uranium empire, SXR Uranium One (SXR-T, SXR-J) has tabled a $1.5-billion, all-share, friendly offer to buy Vancouver-based uranium j…
Buenaventura knocks out more hedges (June 11, 2007)
Minas Buenaventura (BVN-N) has bought out its 2009 gold hedging commitments, removing another 248,000 oz. from its hedge book.
First Majestic blocks out San Martin ore
A new reserve estimate shows a turnaround at the San Martin silver mine in northern Jalisco state, Mexico, under new owner First Majestic Silver (FR-V, FRMSF-O), will likely rest on bringing resources…