EXCHANGE RATES (August 25, 2008)
CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate) Date Aug. 18 Aug. 15 Aug. 14 Aug. 13 Aug. 12 US$ in C$ 1.0605 1.0609 1.0620 1.0657 1.0640 C$ in US$ 0.9430 0.9426 0.9416 0.9384 0…
News
Indonesia could be tricky for BHP
A battle could be brewing for BHP Billiton (BHP-N, BLT-L) on a small island in Indonesia, where the company could soon find itself in the sights of environmental groups.
TSX SHORT POSITIONS (August 25, 2008)
Short positions outstanding at July 31/08 (with changes from July 15/08).
LENDING RATES (August 25, 2008)
as of 9 a. m. ET, Aug 19, 2008 (%) Bank of Canada 3.25 Target overnight rate 3.00 Canadian Prime 4.75 U. S. Discount Primary 2.25 U. S. Fed Funds market rate 2.00 U. S. Prime 5…
Ivernia sees end to Magellan shutdown (August 25, 2008)
Ivernia’s (IVW-T, IVWFF-O) Magellan lead mine in Western Australia is still on care and maintenance but the company says it made some significant strides toward restarting the mine during the second a…
Barrick’s Q2 strong despite rising costs
Despite a 91% jump in oil prices, which averaged US$124 per barrel in the second quarter compared with US$65 per barrel in the same quarter a year ago, Barrick Gold’s (ABX-T, ABX-N) second-quarter rev…
‘Friedland envy’ haunts Diggers & Dealers
KALGOORLIE, WESTERN AUSTRALIA — Over the past five years, master entrepreneur Robert Friedland has created a guessing game at Australia’s biggest mining conference, the Diggers & Dealers Mining F…
CANADIAN GOLD MUTUAL FUNDS (August 25, 2008)
as of Aug. 11/08
DIVIDENDS (August 25, 2008)
Note: Vale will pay $0.52* on common and pr sh in two instlmnts on Apr 30 and Oct 31. Alcoa will pay its quarterly div of US$0.9375 for US$3.75 cmltv pr sh on Oct 1, rec Sept 12. Newmont Canada will p…
Pebble Creek focused on India
Pebble Creek Mining (PEB-V, PBLEF-O) has released a National Instrument 43-101 resource estimate for its flagship Askot project, in northern India’s Uttarakhand state. At a net smelter return cutoff o…
Creston Moly’s bet on El Creston paying off
VANCOUVER — With complete results now available for the latest drill program at El Creston, it’s becoming clear that Creston Moly (CMS-V, CMSJF-O) has its hands on one of the highest-grade molybdenum…
BHP Billiton grapples with Olympic Dam expansion
PERTH, WESTERN AUSTRALIA–By the end of this year, BHP Billiton (BHP-N, BLT-L) will have completed a prefeasibility study for transforming the Olympic Dam copper-uranium-gold mine into a massive open-…