DIVIDENDS (April 26, 2010)
Note: Merrex Gold shareholders will receive div of one Frontline Gold share for each 4.5 Merrex shares on May 1, rec Apr 15. Vale will pay $0.24* per outstanding common or prf sh on Apr 30 and Oct 20/…
2010
LENDING RATES (April 26, 2010)
as of 9 a.m. ET. April 20, 2010 (%) Bank of Canada 0.50 Target overnight rate 0.25 Canadian Prime 2.25 U.S. Discount Primary 0.50 U.S. Fed Funds market rate 0-0.25 U.S. Prime 3…
EXCHANGE RATES (April 26, 2010)
CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate) Date Apr. 19 Apr. 16 Apr. 15 Apr. 14 Apr. 13 US$ in C$ 1.0201 1.0148 1.0014 0.9961 1.0028 C$ in US$ 0.9803 0.9854 0.9986 1.0039 0…
INTERNATIONAL QUOTES (April 26, 2010)
Australia (A$) Apr 20 Apr 13 Change Aquila Resources 10.58 10.6 -0.02 Bendigo Mining 0.24 0.26 -0.02 Centennial Coal 4.60 4.37 0.23 Fortescue Res 5.16 5.21 -0.05 Iluk…
Golden Band solves financing and tailings issues
Golden Band Resources (GBN-V) is targeting the fourth quarter for production startup at its La Ronge gold project in Saskatchewan after more than one delay along the way.Tailings management and financing have been the two main hurdles over…
Mustang reports Mayville copper-nickel resource (April 26, 2010)
Mustang Minerals (MUM-V) has updated its resource estimate for the Mayville copper-nickel project in southeast Manitoba.To calculate the resource, consulting firm Scott Wilson Roscoe Postle Associates took drill results from 2005 and 2006 and…
Goldsource sees more coal potential at Border
It’s been a while since Goldsource Mines (GXS-V) enjoyed the title of market darling.The Vancouver-based company’s share price made one of the most dramatic moves on the Venture exchange back in 2008, but has been languishing since.The ball…
Claude gets final operating permit for Santoy 8
Claude Resources (CRJ-T, CGR-X) has obtained the final operating permit needed for the Santoy 8 gold project in northeastern Saskatchewan and now expects pre-production will start in the second quarter of 2010 with commercial production by the…
US$240M earmarked for BHP’s Jansen
BHP Billiton Diamonds, a member of the Melbourne-based BHP Billiton (BHP-N) group of companies, has given the green light to spend US$240 million on developing the first stages of the Jansen potash project, an underground potash development in…
Potash One purchases long lead time equipment to take advantage of lower prices
To take advantage of the economic slowdown, cheaper materials and labour, and hedge against inflation, Potash One (KCL-T) is buying some of the equipment it needs for its Legacy Potash solution mine in southern Saskatchewan sooner rather than…
San Gold ups its gold discoveries and resources
With multiple high-grade gold discoveries, two producing gold mines, a functional mill and another mine in the works, San Gold (SGR-T, SGRCF-O) is establishing itself as a pure gold play in southeastern Manitoba and a company to watch.”Our…
Crocodile Gold makes Aussie gold mining plans
Crocodile Gold (CRK-T, CROCF-O) plans to produce 120,000 oz. gold this year at a cash cost of US$650 per oz. and will spend US$23 million on a 40,000-metre drill program to expand its resources in Aus…