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Genco Resources' La Guitarra silver mine in Mexico. A shareholder activist is trying to unseat three of the company's directors, alleging they are overpaid and doing an inadequate job of managing La Guitarra.

Breaking up the board

Genco Resources’ (GGC-T, GNCC-O) largest shareholder and former director wants to overthrow three of seven company directors in a proxy vote on June 26, claiming that they are overpaid and putting the…


U. S. MARKETS JUNE 10-16

It was a volatile week for U. S. markets as crude oil prices rose to a new record of US$139.89 per barrel. Higher costs for gas and food dominated the headlines, while housing starts slid 3.3% in May …


TORONTO STOCK EXCHANGE JUNE 10-16

The TSX was down slightly during the June 10-16 trading session, declining 16 points, or 0.1%, to 14,944. The oil price again took centre stage. Finance ministers from the G-8 countries gathered in Ja…


TSX VENTURE EXCHANGE JUNE 10-16

The S&P-TSX Venture Composite Index fell slowly but surely over the June 10-16 trading session, accumulating a 31.24-point loss to close at 2,636.07. Average daily treading volumes were also down …


BID-ASK — JUNE 10-16, 2008

12-MONTH STOCK EXC BID ASK LAST HIGH LO Absolut Res V 0.80 0.98 0.98 1.30 0.001 Affinor Res V 0.16 0.17 0.16 0.18 0.001 Afrasia Minl F V 0.28 0.59 0.25 0.45 0…


DIVIDENDS (June 23, 2008)

Note: Vale will pay $0.52* on common and pr sh in two instlmnts on Apr 30 and Oct 31. Alcoa will pay $0.9367* per share on $3.75* cmltv prf stk on July 1, rec June 13. Hecla Mining will pay $0.875* di…


EXCHANGE RATES (June 23, 2008)

CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate) Date June 16 June 13 June 12 June 11 June 10 US$ in C$ 1.0211 1.0282 1.0232 1.0174 1.0243 C$ in US$ 0.9793 0.9726 0.9773 0.9829 0…


INTERNATIONAL QUOTES (June 23, 2008)

Australia (A$) June 17 June 10 Change Bendigo Mining 0.30 0.30 0.00 Centamin Egypt 1.24 1.28 -0.04 Kingsgate Cons. 5.50 5.38 0.12 Lion Selection Ltd 1.82 1.82 0.00 Ne…




Aura buys copper mine in Mexico

Aura Minerals (ORA-T, ORAUF-O) has spent $70 million in cash and shares for a producing copper mine in Mexico that has the potential to turn out 28,000 tonnes of copper concentrate per year.


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