Mexoro upbeat about past producing Cieneguita
If one adheres to the safety-in-numbers school of mining and exploration then Mexoro Minerals’ (MXOM-o) Cieneguita property, in Mexico’s Sierra Madre occidental belt in Chihuahua state, is a pretty sa…
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Tinpo backs off Western Prospector bid
Tinpo Holdings gave Western Prospector Group (WNP-V, WEPGF-o) shareholders a sudden jolt recently, when it unexpectedly announced it was taking its $74- million offer for the company off the table.
Citigroup cuts commodity forecasts for 2009-10
Citi Investment Research has lowered some of its commodity price forecasts due to the U. S. financial crisis, slowing growth in China and disinflationary developments.
Miners still waiting on DRC review
Investors and onlookers alike will have to hold their collective breath a little longer as completion of the mining contract review in the Democratic Republic of the Congo has been delayed.
Silver Wheaton adds Alexco’s Bellekeno to stable
Alexco Resource (AXR-T, AXU-x) has inked a deal with Silver Wheaton (SLW-T, SLW-n) to sell silver from the Yukon.
Pacific Comox makes progress at Mabel (October 13, 2008)
Pacific Comox Resources (PCM-V, PAOCF-o) has completed a 7,000- metre drill program at its Mabel gold-silver project in Sonora state, and some of the results have started to come in.
INTERNATIONAL QUOTES (October 13, 2008)
Australia (A$) Oct 6 Sept 30 Change Bendigo Mining 0.16 0.19 -0.03 Kingsgate Cons. 0.64 0.82 -0.18 Lion Selection Ltd 1.50 1.49 0.01 Newcrest Mining 24.25 27.63 -3.38 …
DIVIDENDS (October 13, 2008)
Note: Vale will pay $0.52* on common and pr sh in two instlmnts on Apr 30 and Oct 31. Alcoa will pay its quarterly div…
LENDING RATES (October 13, 2008)
as of 9 a. m. ET, Oct. 7, 2008 (%) Bank of Canada 3.25 Target overnight rate 3.00 Canadian Prime 4.75 U. S. Discount Primary 2.25 U. S. Fed Funds market rate 2.00 U. S. Prime 5…
Candente pulls long interval at Canariaco Sur
Vancouver — As Candente Resources (DNT-T, CDOUF-o) closes in on an expanded scoping study for its Canariaco Norte copper-gold porphyry, its first drill result from a second porphyry target 1.3 km to …
EXCHANGE RATES (October 13, 2008)
CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate) Date Oct. 6 Oct. 3 Oct. 2 Oct. 1 Sept. 30 US$ in C$ 1.1027 1.0812 1.0769 1.0609 1.0599 C$ in US$ 0.9069 0.9249 0.9286 0.9426 0.94…
TSX SHORT POSITIONS (October 13, 2008)
Short positions outstanding at Sept. 30/08 (with changes from Sept. 15/08). Largest short positions Lundin Mining LUN 23973922 -2240139 Ivanhoe Mines IVN 17773821 627410 Eldorado Gol…