Lending Rates (February 22, 2010)
as of 9 a.m. ET. Feb. 16, 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 3….
2010
Exchange Rates (February 22, 2010)
CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate) Date Feb. 15 Feb. 12 Feb. 11 Feb. 10 Feb. 9 US$ in C$ 1.0480 1.0531 1.0523 1.0671 1.0690 C$ in US$ 0.9542 0.9496 0.9503 0.9371 0….
International Quotes (February 22, 2010)
Australia (A$) Feb. 16 Feb. 09 Change Aquila Resources 9.53 7.98 1.55 Bendigo Mining 0.24 0.23 0.01 Centennial Coal 3.64 3.47 0.17 Fortescue Res 5.01 4.61 0.40 Iluka …
Gleichen Boosts Morelos Stake, Readies Project For Drilling
Gleichen Resources (GRL-V) likes what it sees at the Morelos gold project in Mexico’s Guerrero state, and is set to take it all for itself.
Wesdome Beats Production Forecast
Wesdome Gold Mines’ (WDO-T) gold production was 28% higher than expected in 2009 after grades at its Eagle River mine near Wawa, Ont., exceeded expectations.
Zimbabwe And The Appetite For Risk
Six to nine months ago when Ian Saunders tried to get a meeting with the investment community in Toronto or Vancouver about his company’s gold mine in Zimbabwe, no one wanted to talk to him.”You’d say you’ve got assets in Zimbabwe and it…
A Glance At Equinox’s Lumwana Mine
Equinox Minerals (EQN-T, EQN-A) has secured a US$400-million corporate loan facility from four commercial banks to pay its outstanding debt for its large scale Lumwana copper mine in Zambia’s North West province.The funding is expected to be…
Katanga Springs Back To Life
The storm of the financial crisis is now behind Katanga Mining (KAT-T) and the company is looking to its operational strength to rebuild its balance sheet.Katanga — which was on the brink of ruin when the financial crisis first struck due…
Paladin Turns A Profit In Q4
After a lean 2008, Paladin Energy (PDN-T) is beginning to reap the benefits of its recent constructive history. The Perth, Australia-based uranium miner has managed to get two uranium mines into production in Africa over the last five years and…
Volta Gets Good Grades At Kiaka
The latest batch of assays from Volta Resources’ (VTR-T) Kiaka gold project in Burkina Faso continues to show long widths of gold mineralization fairly close to surface.Volta has received results for 14 holes of the 36 holes completed so far…
Pan American Silver Reports Record Financial Results
It certainly wasn’t the case for a lot of mining companies, but 2009 proved to be a dazzling year for Pan American Silver (PAA-T, PAAS-X). The company not only reported its fourteenth consecutive year…
Shore Gold’s Quest For Diamonds
Shore Gold (SGF-T) is a step closer to developing Saskatchewan’s first diamond mine with the release of a positive prefeasibility study on its Star and Orion South kimberlites.