More intercepts for Mexoro (July 28, 2008)
Vancouver – Thanks to an infusion of cash from Paramount Gold and Silver (PZG-T) this spring, Mexoro Minerals (MXOM…
News
Peabody expanding presence in Australia
Peabody Energy (BTU-N) is taking all of the Millennium coal mine in Australia.The coal producer says it has alr…
Altius posts $52-million impairment charge
Altius Minerals’ (ALS-T) annual net income was drastically cut by its investment in a multi-billion-dollar oil refi…
Newmont keeps tight grip on costs; strong second-quarter results
Despite industry-wide challenges of escalating operating and capital costs, Newmont Mining Corp. (NEM-N) says its s…
Copper Mountain weighs re-opening mine in B.C.
Re-starting a past-producing copper and precious metals mine in southern British Columbia looks more and more likel…
Augen Gold explores Swayze greenstone belt
Jerome, Ont. – Michael Fowler hopes to make a gold and molybdenum discovery here in the Swayze greenstone belt, a p…
Cleveland-Cliffs bids for coal miner Alpha Natural
If the takeover by Cleveland- Cliffs (CLF-N) of Alpha Natural Resources (ANR-N) goes ahead, the new entity will own nine iron-ore facilities and more than 60 coal mines across North America, South Ame…
U. S. MARKETS JULY 18 -21
A week after the United States government announced it would help prop up mortgage buyers Fannie Mae and Freddie Mac, market anxiety has cooled a little, demonstrated by gains over the July 15-21 trad…
TORONTO STOCK EXCHANGE JULY 18 – 21
The TSX was down during the July 15-21 trading session, with the TSX Composite Index losing 52 points, or 0.4%, to 13,689. Mining and materials stocks suffered steeper losses: the Capped Metals and Mi…
TSX VENTURE EXCHANGE JULY 18 – 21
The S&P-TSX Venture Composite Index continued its slow but steady decline over the July 15-21 trading session, losing 90.67 points to close at 2,287.67. Trading volumes remained less than stellar,…
LENDING RATES (July 28, 2008)
as of 9 a. m. ET, July 22, 2008 (%) Bank of Canada 3.25 Target overnight rate 3.00 Canadian Prime 4.75 U. S. Discount Primary 2.25 U. S. Fed Funds market rate 2.00 U. S. Prime …
EXCHANGE RATES (July 28, 2008)
CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate) Date July 21 July 18 July 17 July 16 July 15 US$ in C$ 1.0021 1.0053 1.0016 1.0017 1.0020 C$ in US$ 0.9979 0.9947 0.9984 0.9983 0…