Spot Prices (February 23, 2009)
COURTESY OF SCOTIABANK
News
Lme Warehouse Levels (February 23, 2009)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Feb. 17, 2009 (change from Feb. 10 in brackets):
Toronto Stock Exchange Feb. 10-13
The TSX was down during the holiday-shortened Feb. 10-13 trading period, with the S&P/TSX composite index losing 369 points, or 4.1%, to 8,678. The drop was triggered by doubts about the effective…
TSX Venture Exchange Feb. 10-13
It was modest gains on the S&P/TSX Venture composite index for the truncated Feb. 10-13 reporting period. The Venture board gained 24.54 points to close the week at 925.64 points. It posted gains …
U.S. Markets Feb. 10-13
With the passage of U. S. President Barack Obama’s US$787-billion stimulus package in Congress on Feb. 13, the Dow Jones Industrial Average fell 420.46 points, or 5.4%, to close the Feb. 10-13 reporti…
Court Blocks Rusoro Bid For Gold Reserve
Rusoro Mining (RML-V, RMLFF-O) has dropped its hostile takeover offer for Gold Reserve (GRZ-T, GRZ-X), after the Ontario Superior Court of Justice issued an interlocutory injunction on Feb. 10 stoppin…
Gold Hawk Restructures Debt
Gold Hawk Resources (CGK-V, CGHRF-O) has restructured its debt in the nick of time.
Colombia Proving Golden For Ventana
VANCOUVER — An intense three-year drilling effort in Colombia keeps returning bonanza gold grades for Ventana Gold (VEN-T).
Lending Rates (February 23, 2009)
as of 9 a. m. ET. Feb. 17, 2009 (%) Bank of Canada 1.25 Target overnight rate 1.00 Canadian Prime 3.00 U. S. Discount Primary 0.50 U. S. Fed Funds market rate 0-0.25 U. S. Prime …
COMMENTARY: Maintenance: Cost Versus Investment
Mining is a tough business and in order to stay competitive, every available advantage must be considered and wherever possible, put into practice.
Chinalco Deal Rankles Rio Tinto Shareholders
The sixth trading week of 2009 saw a blockbuster deal struck between Rio Tinto and Aluminum Corp. of China (Chinalco), which has the Chinese state-owned major pumping a much larger than anticipated US…
Colossus Advances Serra Pelada, Raises $20.5M
The first systematic assay results for the full suite of platinum group elements at Colossus Minerals’ (CSI-T, COLUF-O) Serra Pelada project in Brazil appear to confirm what Vic Wall, the company’s pr…