COMMENTARY: Modernizing Ontario’s Mining Act
–The following are exerpts from a discussion paper on revisions to the province’s mining legislation, called Modernizing Ontario’s Mining Act, produced by the government of Ontario. The report, publi…
2008
EDITORIAL: Oil, metals and Russia’s triumph
Despite political upheaval in the world, the broad decline in oil and mineral prices picked up steam during the week ended Aug. 9, the 32nd trading week of 2008, much to the detriment of resource comp…
Teal grows resource, grades at Namibian project
Teal Exploration & Mining’s (TL-T, TEL-J) Otjikoto gold project in Namibia is demonstrating higher grades and resources, the company reports.
CANADIAN GOLD MUTUAL FUNDS (August 18, 2008)
as of Aug. 11/08
EXCHANGE RATES (August 18, 2008)
CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate) Date Aug. 11 Aug. 8 Aug. 7 Aug. 6 Aug. 5 US$ in C$ 1.0676 1.0678 1.0511 1.0470 1.0426 C$ in US$ 0.9367 0.9365 0.9514 0.9551 0.959…
LENDING RATES (August 18, 2008)
as of 9 a. m. ET, Aug 12, 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…
BID-ASK — AUGUST 5-11, 2008
12-MONTH 12-MONTH STOCK EXC BID ASK LAST HIGH LO STOCK EXC BID ASK LAST HIGH LO Absolut Res V 0.80 0.98 0.98 1.30 0.001 Lakewood Mng V 0.06 0.07 0.06 0.09 0.05 Acrex Vent…
TSX SHORT POSITIONS (August 18, 2008)
Short positions outstanding at July 31/08 (with changes from July 15/08).
DIVIDENDS (August 18, 2008)
Note: Vale will pay $0.52* on common and pr sh in two instlmnts on Apr 30 and Oct 31. Alcoa will pay its quarterly div of US$0.9375 for US$3.75 cmltv pr sh on Oct 1, rec Sept 12. Newmont Canada will p…
Xstrata captures top prize at mine rescue competition
Xstrata Nickel’s Fraser/Thayer Lindsley mine rescue team may not have superhuman powers but their quick thinking and teamwork helped them snap up the coveted gold helmets at Ontario’s 58th annual mine…
INTERNATIONAL QUOTES (August 18, 2008)
Australia (A$) Aug 12 Aug 5 Change Bendigo Mining 0.18 0.20 -0.02 Kingsgate Cons. 4.80 5.60 -0.80 Lion Selection Ltd 1.58 1.50 0.08 Newcrest Mining 23.49 26.31 -2.82 …
Promontorio drilling delivers for Kootenay Gold
VANCOUVER — Continued good news out of the Promontorio silver-gold- lead-zinc project in Sonora, Mexico, once again buoyed Kootenay Gold’s (KTN-V, KOOYF-O) share price in a lagging market.