LENDING RATES (March 22, 2010)
as of 9 a.m. ET. March 9, 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….
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EXCHANGE RATES (March 22, 2010)
CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate) Date Mar. 15 Mar. 12 Mar. 11 Mar. 10 Mar. 9 US$ in C$ 1.0217 1.0187 1.0265 1.0243 1.0251 C$ in US$ 0.9788 0.9816 0.9742 0.9763 0….
INTERNATIONAL QUOTES (March 22, 2010)
Australia (A$) Mar 09 Mar 03 Change Aquila Resources 10.7 9.82 0.88 Bendigo Mining 0.24 0.22 0.02 Centennial Coal 3.93 3.71 0.22 Fortescue Res 4.84 4.70 0.14 Iluka Re…
Kirkland Lake Gold finds its feet (March 22, 2010)
Despite a five month production interruption due to a borehole collapse in June 2009, Kirkland Lake Gold (KGI-T, KGI-L) says it is back on track and expects to produce and pour between 45,000 and 55,0…
Alexis looks to restart Snow Lake gold mine
VANCOUVER — A preliminary assessment of the Snow Lake mine in west-central Manitoba concluded that new owner, Alexis Minerals (AMC-T), could profitably restart the underground gold operation and run …
Amazon posts initial potash resource in Brazil (March 22, 2010)
Amazon Mining Holding (AMZ-V) has defined an inferred resource for its Cerrado Verde potash project in Brazil of 105 million tonnes grading an average of 10.3% potassium oxide.
International Tower Hill ups Livengood again (March 22, 2010)
VANCOUVER — Another 64 holes, another increase to the resource estimate: International Tower Hill Mines (ITH-T) has increased the Livengood gold deposit yet again.
Chinalco to spend US$1.35 billion to earn into Rio’s Simandou
Vancouver – The Simandou iron ore project in Guinea is set for a major influx of spending after 95% owner Rio …
In-situ oilsands projects graded on environmental impact
Vancouver – Oilsands companies in Alberta using steam-extraction could go a long way to reducing their growing…
Hochschild sues Minera Andes over $65-million loan
Vancouver – The conflict-ridden relationship between the joint-venture owners of the San Jose gold-silver mi…
New feature: Weekly precious metals commentary by The Bullion Desk
Dear readers: If you’re a follower of the precious metals markets, please have a look at a new feature on ou…
Geovic looks to be the name in cobalt
Geovic Mining (GMC-T, GVCM-O) is looking to Cameroon to become the go-to name in cobalt.