Red Back Boosts Bought Deal To $60M
Vancouver — Within three hours of announcing a $40-million bought deal, Red Back Mining (RBI-T, RBIFF-o) went back to the wire and boosted that number by $20 million.
News
Canadian Gold Mutual Funds (December 01, 2008)
Featured Fund: Altamira precious & Strategic Metals, as of 07/31/08 (in weighted order): Goldcorp, Barrick Gold, Kinross Gold, Agnico-Eagle Mines, Yamana Gold, Franco-Nevada, Newmont Mining, Compa…
Tsx Venture Short Positions (December 01, 2008)
Short positions outstanding at Nov. 15/08 (with changes from Oct. 31/08).
Dividends (December 01, 2008)
Note: Alcoa will pay its quarterly div of US$0.9375 for US$3.75 cmltv pr sh on Jan 1, rec Dec 12. Xstrata Canada will pay $0.2863 div for pref sh series…
Arctic Star Diamond Pushes Ahead With Nickel Discovery
When junior explorer Arctic Star Diamond (ADD-v) acquired its Credit Lake property — “within sight of Canada’s greatest diamond mines” in the Northwest Territories four years ago–it didn’t expect to…
Lending Rates (December 01, 2008)
as of 9 a. m. ET. Nov. 25, 2008 (%) Bank of Canada 2.50 Target overnight rate 2.25 Canadian Prime 4.00 U. S. Discount Primary 1.25 U. S. Fed Funds market rate 1.00 U. S. Prime …
Exchange Rates (December 01, 2008)
CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate) Date Nov. 24 Nov. 21 Nov. 20 Nov. 19 Nov. 18 US$ in C$ 1.2250 1.2854 1.2855 1.2370 1.2239 C$ in US$ 0.8163 0.7780 0.7779 0.8084 0…
International Quotes (December 01, 2008)
Australia (A$) Nov 25 Nov 4 Change Bendigo Mining 0.12 0.12 0.00 Kingsgate Cons. 2.80 2.93 -0.13 Lion Selection Ltd 0.92 1.10 -0.18 Newcrest Mining 24.45 20.65 3.80 R…
Dia Bras Plans Mill At Bolivar
A pilot mining program at the Bolivar mine in the Piedras Verdes mining district of Mexico’s Chihuahua state has generated operating cash for Dia Bras Exploration (DIB-V, DBEXF-o) since late 2005.
Stroud Makes Strides In Mexico
Stroud Resources (SDR-V, SDURF-o) is posting solid results from La Rayas, one of two mineralized zones, at its 100%-owned Santo Domingo silver-gold project, 90 km northwest of Guadalajara in central M…
Kalahari Scraps Extract Merger
Kalahari Minerals (KAH-l) has called off a merger with Extract Resources (EXT-T, EXT-a) over fears that it would give Rio Tinto (RTP-N, RIO-n), a stakeholder in both companies, too much power in the m…
Helio Hunts For ‘Meat’ In Tanzania’s Southwest
Vancouver — In 2005, Helio Resource’s (HRC-V, HELOF-o) CEO Richard Williams and chief operating officer Christopher Mackenzie were working in Namibia, where Helio still holds a number of properties. …