DAILY METAL PRICES (July 12, 2010)
Date July 5 July 2 July 1 June 30 June 29 BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne) Al Alloy 1851/1865 1865/1870 1851/1865 1860/1870 1875/1875…
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NORTH AMERICAN STOCK EXCHANGE INDICES (July 12, 2010)
52-week Date July 5 July 2 July 1 June 30 June 29 High Low S&P/TSX-Ven Comp 1356.22 1384.95 Holiday 1415.89 1409.74 1691.10 1027.29 TSX Composite 11092.50 11196.06 Holiday 11…
TSX SHORT POSITIONS (July 12, 2010)
Short positions outstanding at June 30/10 (with changes from June 15/10).
End in sight for Vale strike
It looks like the bitter and dogged strike in Sudbury and Port Colborne, Ont., that has stretched on for almost a year might soon be over now that Brazilian mining giant Vale (VALE-N) and the United S…
Cliffs gets control of Big Daddy (July 12, 2010)
Spider Resources (SPQ-V) has called off its merger with KWG Resources (KWG-V), leaving it free to be swallowed by Cliffs Natural Resources (CLF-N). It ends the battle for control of the high-grade Big…
TSX VENTURE SHORT POSITIONS (July 12, 2010)
Short positions outstanding at June 30/10 (with changes from June 15/10).
Fortress accepts Polymetal’s offer for Svetloye
Offering US$9.25 million in cash, Russian gold-silver producer Polymetal (MICEX-L) has trumped an earlier offer by MacRitchie Metals for a 100% stake in the Svetloye gold project owned by Vancouverbas…
DIVIDENDS (July 12, 2010)
Note: Vale will pay $0.24* per outstanding common or prf sh on Oct 20. Alcoa will pay a $0.75* div on it $3.75* cmltv pr stock on July 1, rec June 11. Franco-Nevada will start paying a semi-annual div…
More rare gems at Shore Gold’s Star
It’s not every day that parallels are drawn between the vast plains of central Saskatchewan and the Kingdom of Lesotho, a mountainous, landlocked country in southern Africa. But Shore Gold (SGF-T) say…
LENDING RATES (July 12, 2010)
as of 9 a.m. ET. July 6, 2010 (%) Bank of Canada 0.75 Target overnight rate 0.50 Canadian Prime 2.25 U.S. Discount Primary 0.75 U.S. Fed Funds market rate 0-0.25 U.S. Prime 3.2…
Aussie gov’t retreats, waters down RSPT
The past few days have lived up the old adage that a week is a lifetime in politics.
Taseko falls 20% on Prosperity’s environmental review
VANCOUVER — The language in the federal review panel’s environmental assessment on Taseko Mines’ (TKO-T, TGB-N) Prosperity gold-copper project in British Columbia was harsh, and the market reaction e…