Lending Rates (May 04, 2009)
as of 9 a. m. ET. April 28, 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…
News
Taseko Opens Copper Hedge Book
The “H” word is no longer dirty. With volatility reigning supreme, Taseko Mines( TKO-T, TGB-X) is taking the prudent step of opening a hedge book to lock in profits on half of its 2009 production.
Changkeng Reaches 1M Oz. Gold For Minco
VANCOUVER — With 59 freshly drilled holes in 2008, one of Minco Gold’s (MMM-T, MGH. A-X) key assets, the Changkeng gold project in southeastern China, has gotten a major resource boost.
Aurizon Raising $50M
A $50-million bought-deal financing led by National Bank Financial will give Aurizon Mines (ARZ-T, AZK-X) some cash for its existing operations and potential acquisitions.
Bear Creek Looks To Fast Track Santa Ana
Bear Creek Mining’s (BCM-V, BCEKF-O) bulk-tonnage silver deposit in southern Peru could be developed as a pure silver producer averaging 4.6 million oz. per year over 11.8 years of a heap-leach operat…
Plot Thickens In Vedanta-Asarco Deal
VANCOUVER–Despite a ruling that approves certain conditions of a proposed US$1.7-billion sale of Asarco’s operating mines to Vedanta Resources (VDNRF-O, VED-L), as part of the former’s reorganization…
B2Gold’s Big Plans For 2009
VANCOUVER — In less than two years, B2Gold (BTO-T, BGLPF-O) has completed a successful merger that has netted the company 43,000 oz. gold production this year and the chance at 130,000 oz. next year,…
Osisko Rises On South Barnat Infill Grades
VANCOUVER — Infill drilling at the Canadian Malartic project has returned better than expected gold grades for owner Osisko Mining (OSK-T, OSKFF-O).
Mining Execs Becoming Optimistic: Survey
Much has changed in the mining industry over the last 12 months. When things could not have been more robust, the proverbial rug was pulled out from underneath us in the fourth quarter of 2008, leavin…
China’s Gold Stockpile Nudges Price Upward
Word that the Chinese have stealthily stockpiled gold over the last five years sent the price of the yellow metal up for the week ending April 24.
People (May 04, 2009)
Adriana Resources– Colin Blyth, Julio Carvalho, Robert Power and Donald Siemens appointed directors; Paul Fong has resigned as a director; Joe Griebel has resigned as a director but remains president…
LME Warehouse Levels (May 04, 2009)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Apr. 28, 2009 (change from Apr. 21 in brackets):