Exchange Rates (September 07, 2009)
CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate) Date Aug. 31 Aug. 28 Aug. 27 Aug. 26 Aug. 25 US$ in C$ 1.0967 1.0879 1.0960 1.0991 1.0782 C$ in US$ 0.9118 0.9192 0.9124 0.9098 0…
2009
Lending Rates (September 07, 2009)
as of 9 a. m. ET. Sept 1, 2009 (%) Bank of Canada 0.50 Target overnight rate 0.25 Canadian Prime 2.25 U. S. Discount Primary 0.50 U. S. Fed Funds market rate 0-0.25 U. S. Prime …
Dividends (September 07, 2009)
Note: Vale will pay $0.4795 for common and prf class A shares on Oct 30. Norilsk Nickel plans to pay div of more than 25% of net profit H1 2009. Alcoa will pay US93.75 cents per share on its US$3.75 c…
International Quotes (September 07, 2009)
Australia (A$) Sept 1 Aug 25 Change Aquila Resources 6.92 6.55 0.37 Bendigo Mining 0.23 0.23 0.00 Centennial Coal 3.34 3.49 -0.15 Fortescue Res 4.30 4.46 -0.16 Iluka …
Repealed Tax Bodes Well For Ivanhoe
VANCOUVER — Just over three years ago, when producers and explorers operating in Mongolia were slammed with a 68% windfall tax on copper and gold profits, their share prices tanked. Ivanhoe Mines (IVN-T, IVN-N), for example, which is advancing…
Rio Tinto Arrests Underscore Challenges Of China Trade
After more than five weeks in detention on suspicion of stealing state secrets, Chinese authorities on Aug. 11 formally arrested four employees of Anglo-Australian miner Rio Tinto (RTP-N, RIO-L) on charges of bribery and stealing commercial…
Medusa Ramps Up Low-Cost Co-O Mine In Philippines
While Medusa Mining (MML-A, MML-L) is focused solely on Mindanao in the southern Philippines, its Co-O mine on the island’s eastern end has proven to be so bountiful that the company is rapidly transforming itself into a profitable,…
Eldorado Strikes $2B Deal For Sino
Eldorado Gold (ELD-T, EGO-X) has offered $2 billion in shares for China-focused Sino Gold (SIOGF-O, SGX-A) in a friendly deal that would see the company’s gold production climb to 550,000 oz. this year.In June, Eldorado bought a 19.8% stake…
Russia-Mongolia Deal Could Leave Khan Out In The Cold
A visit to Ulaanbaatar by Russian President Dmitri Medvedev has sealed a deal between Russia and Mongolia on uranium mining, leaving the status of Torontobased Khan Resources (KRI-T, KHRIF-O) up in the air.While rumours about a Russian and…
Wayside Secures US$14M For QR Mine, Bonanza Ledge Deposit
Barkerville, B. C., southeast of Quesnel, is a ghost town left over from the 1858-63 Cariboo gold rush, and soon, International Wayside Gold Mines (WYG-V, IWGFF-O) will ask shareholders to consider ta…
Pediment Increases Confidence In San Antonio Gold Count
VANCOUVER — By doubling the number of holes in the ground at its San Antonio property in Baja California Sur, Mexico, Pediment Gold (PEZ-T, PEZGF-O) has expanded the project’s gold resource to 1.6 mi…
Monument Ready To Commission Selinsing Gold Mine
VANCOUVER — Monument Mining (MMY-V, MMTMF-O) is on the cusp of producing gold in Malaysia, having permitted, designed, financed and nearly finished building the Selinsing mine in just over two years.