News


Timmins Walloped By Kidd Closure

Riding high in recent years on the back of new gold projects in the region, the Ontario mining town of Timmins was given a body blow in early November as Xstrata announced it will close the Kidd metal…


HST Good For Miners

Ontario and British Columbia will be harmonizing their provincial retail sales taxes with the federal goods and services tax (GST) on July 1, 2010. That means that both of these provinces will abandon…



Daily Metal Prices (December 14, 2009)

Date Dec. 7 Dec. 4 Dec. 3 Dec. 2 Dec. 1 BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne) Al Alloy 1791/1840 1781/1820 1780/1830 1791/1825 1791/1850 A…


Canadian Gold Mutual Funds (December 14, 2009)

*as of Sept. 30/09 Featured Fund: AGF Precious Metals (US$) as of 08/31/09 (in weighted order): Goldcorp, Kinross Gold, Iamgold, Central Fund of Canada, Agnico-Eagle Mines, Inmet Mining, Eldorado Gold…





Dividends (December 14, 2009)

Note:Alcoa will pay US93.75 cents per share on its US$3.75 cmltv prf stk payable Jan 1, record close Dec 11. Freeport Mc- MoRan Copper & Gold will pay $0.60* div with the first payment of $0.15* p…


Lending Rates (December 14, 2009)

as of 9 a.m. ET. Dec 8, 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 3.25…


Exchange Rates (December 14, 2009)

CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate) Date Dec. 7 Dec. 4 Dec. 3 Dec. 2 Dec. 1 US$ in C$ 1.0511 1.0517 1.0542 1.0468 1.0432 C$ in US$ 0.9514 0.9508 0.9486 0.9553 0.9586…


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