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…
2008
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…
Canadian Mining Hall of Fame calls for submissions
The Canadian Mining Hall of Fame (CMHF), has put out its annual call for nominations for next year’s inductees.
Amarillo jumps on Brazilian drilling (May 26, 2008)
VANCOUVER — Amarillo Gold (AGC-V, AGCBF-O) shot up 57% in one day’s trading after results from four stepout holes at its Lavras do Sul project in southern Brazil showed good gold mineralization over …
Global zinc supply uncertain after earthquake in China
The fate of zinc mining operations in China remains unknown after a massive earthquake devastated much of Sichuan province on May 12, leaving more than 40,000 people dead.
The supercycle: Sprott weighs in
Last week, proponents of the commoditysupercycle shared their views. This week, we’ll hear from a supercycle believer, Eric Sprott, and a skeptic, Jeffrey Christian.
Wealth Minerals reports progress in Argentina
Wealth Minerals (WML-V, WMLLF-O) has reported drilling results from one project in Argentina, and rock sampling results from another.