LENDING RATES (August 04, 2008)
as of 9 a. m. ET, July 20, 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 …
News
EXCHANGE RATES (August 04, 2008)
CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate) Date July 28 July 25 July 24 July 23 July 22 US$ in C$ 1.0222 1.0164 1.0114 1.0088 1.0085 C$ in US$ 0.9783 0.9839 0.9887 0.9913 …
INTERNATIONAL QUOTES (August 04, 2008)
Australia (A$) July 29 July 22 Change Bendigo Mining 0.23 0.28 -0.05 Centamin Egypt 1.08 1.15 -0.07 Kingsgate Cons. 5.70 6.04 -0.34 Lion Selection Ltd 1.51 1.62 -0.11 …
First blush numbers look good for Tyhee
Tyhee Development’s (TDC-V, TYHJF-O) Yellowknife gold project in the Northwest Territories should post a pre-tax internal rate of return of 21.3% and a pre-tax net present value (NPV) of US$145 millio…
Teck and Xstrata close Lennard Shelf mine
Teck Cominco (TCK. B-T, TCK-N) and Xstrata (XSRAF-O, XTA-L) are closing the Lennard Shelf Pillara zinc-lead mine in Western Australia, because it is no longer economic.
Romarco growing resource at historic Haile mine (August 04, 2008)
VANCOUVER–With drilling to confirm the historic resource complete, Romarco Minerals (R-V, RTRAF-O) is focused on expanding the gold zone at its Haile mine in South Carolina. Both efforts are returnin…
Golden Predator snares Midway
VANCOUVER–Only a few months after manoeuvring a takeover of Fury Explorations (FUR-V, FURXF-O), tungsten producer Golden Predator Mines (GP-T, GPDRF-O) is signing onto a merger with Midway Gold (MDW-…
Copper Mountain weighs 2010 reopening of B. C. mine
Restarting a past-producing copper and precious metals mine in southern British Columbia looks more and more likely for Copper Mountain Mining (CUM-V).
PEOPLE (August 04, 2008)
Amarc Resources — Paul Mann appointed CFO; Jeffrey Mason has resigned as CFO.
Teck to buy Fording for US$14.1B
In a move that will give it added exposure to rising metallurgical coal prices, Teck Cominco (TCK. B-T, TCK-N) has made a friendly US$14.1- billion bid for Fording Canadian Coal Trust (FDG. UN-T, FDG-…
Bears kill 2 geologists in Russia’s Far East
Geologists at a mine in northern Russia have refused to leave their compound after two of their colleagues, who worked on a drill site, were found fatally mauled by bears near the project.
Historic Q2 can’t lift Etruscan’s shares
Although its second quarter represented a historic time for Etruscan Resources, (EET-T, ETRUF-O), the company has failed to gain any market traction from second-quarter results that saw its Youga gold…