Rye Patch shares rise on Nevada high-grade
Shares of Rye Patch Gold (RPM-V, RPMG-o)shot up 128% on news that the company hit high-grade gold mineralization in drilling at its Lincoln Hill project, in Nevada.
2008
Cashed-up Lake Shore speeds ahead at Timmins West (October 06, 2008)
With capital scarce and share prices in the dumps, many juniors are struggling to raise the money they need to advance their properties — no matter how promising they are.
San Gold lands $20M for exploration at Rice Lake
Vancouver — San Gold’s (SGR-V, SGRCF-o) coffers will get a healthy top-up with a $20-million bought-deal private placement.
TSX SHORT POSITIONS (October 06, 2008)
Short positions outstanding at Sept 15/08 (with changes from Aug 31/08).
LENDING RATES (October 06, 2008)
as of 9 a. m. ET, Sept. 30, 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 …
Gem Diamonds recovers 478-carat stone at Letseng
Vancouver — For the third time in as many years, Gem Diamonds (GEMD-l) has recovered a diamond from its Letseng mine, in Lesotho, big enough to take a place on the list of the 20 largest rough diamon…
DIVIDENDS (October 06, 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$3.75 cmltv…
EXCHANGE RATES (October 06, 2008)
CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate) Date Sept. 29 Sept. 26 Sept. 25 Sept. 24 Sept. 23 US$ in C$ 1.0394 1.0349 1.0338 1.0351 1.0355 C$ in US$ 0.9621 0.9663 0.9673 0.966…
Buy-side attendance drops at Denver Gold Forum
Attendance was up 10% at this year’s Denver Gold Forum due to a 19.4% surge in sponsor representation, but a 6.5% drop in buy-side participants was a clear sign that the volatile markets and fragile e…
Editorial: Suppliers booming, juniors hunker down
While continued anxiety over the U. S. banking crisis dominated the headlines around the world during the week ended Sept. 27, the 39th trading week of 2008, there were still plenty of new development…
INTERNATIONAL QUOTES (October 06, 2008)
Australia (A$) Sept 30 Sept 23 Change Bendigo Mining 0.19 0.20 -0.01 Kingsgate Cons. 0.82 5.54 -4.72 Lion Selection Ltd 1.49 1.38 0.11 Newcrest Mining 27.63 26.84 0.79 …
SearchGold starts small with Gabon JV
SearchGold Resources (RSG-v) has received a mining permit for its 36%-owned Bakoudou-Magnima gold project in Gabon, a joint venture with Moroccan company Managem.