Lending Rates (January 19, 2009)
as of 9 a. m. ET. Jan. 13, 2009 (%) Bank of Canada 1.75 Target overnight rate 1.50 Canadian Prime 4.00 U. S. Discount Primary 0.50 U. S. Fed Funds market rate 0-0.25 U. S. Prime …
News
Dividends (January 19, 2009)
Note:Xstrata PLC subsidiary, Xstrata Canada is sending a notice of redemption for all outstanding Cmltv prf sh, series 3, redeemable Mar 1 for $25 each in cash, plus accruded and unpaid dividends.
Polaris Closes $25M Financing
VANCOUVER — Quarry operator Polaris Minerals (PLS-T, POLMF-O) will eliminate a $20-million bridge loan and add about $5 million to its treasury with a bought-deal financing that closed in January, th…
International Quotes (January 19, 2009)
Australia (A$) Jan 13 Jan 6 Change Bendigo Mining 0.15 0.15 0.00 Kingsgate Cons. 3.36 3.53 -0.17 Lion Selection Ltd 0.75 0.78 -0.03 Newcrest Mining 31.48 31.60 -0.12 …
Monument Starts To Sparkle For New Nadina
VANCOUVER — Drill results from the Monument diamond project in the Northwest Territories point to the possibility of finding sizable stones, say its joint-venture owners.
Avalon Gets Top Drill Grades From Lake Zone
Avalon Ventures (AVL-T, AVVTF-O) set out to define the eastern, southern and western margins of the Lake zone at its Thor Lake rare metals project near Yellowknife, N. W. T. But encouraging drill resu…
Franco-Nevada Takes On Gold Quarry Royalty
Franco-Nevada (FNV-T, FNNVF-O) has more than US$500 million in cash and other facilities to pay for new investments and the company’s management says it is putting some of it to good use by acquiring …
Alexco Rises On Silver Wheaton Payment
VANCOUVER — On news that it received its first US$15-million payment from Silver Wheaton (SLW-T, SLW-N) in December, Alexco Resource (AXR-T, AXU-X) got a nice share price lift from investors who know…
Fronteer Readies Long Canyon Resource
Fronteer Development Group (FRG-T, FRG-X) has released some strong grades from recent drilling on its 51%-owned Long Canyon gold project, in Elko Cty., Nev., that will be included in an initial resour…
Updated Scoping Study Beefs Up Canarc’s New Polaris
Work on a preliminary assessment for the New Polaris gold project, in northwestern B. C., has yielded improved economics for owner Canarc Resource (CCM-T, CRCUF-O).
Cost-Cutting Delays Rio Tinto’s Move Underground At Diavik Until Q3
In December, Rio Tinto (RTP-N, RIO-L) said it would cut jobs and spending and sell non-core assets to manage its roughly US$39-billion debt load and the aftershocks are being felt everywhere — includ…
Hawthorne Gold Bullish On Taurus
Hawthorne Gold (HGC-V, HWTHF-O) is boosting its gold resources by buying American Bonanza Gold’s (BZA-T, ABGFF-O) Taurus gold deposit near Cassiar, in British Columbia.