EXCHANGE RATES (May 26, 2008)
CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate) Date May 19 May 16 May 15 May 14 May 13 US$ in C$ Holiday 0.9968 0.9998 1.0020 1.0005 C$ in US$ Holiday 1.0032 1.0002 0.9980 0.99…
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LENDING RATES (May 26, 2008)
as of 9 a. m. ET, May 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 5…
DIVIDENDS (May 26, 2008)
Note: Xstrata will pay its pref sh series 3 div of $0.2862 on June 2, rec May 15. Vale will pay $0.52* on common and pr sh to be paid in two instlmnts on Apr 30 and Oct 31. Alcoa will pay $0.9367* per…
INTERNATIONAL QUOTES (May 26, 2008)
Australia (A$) May 20 May 13 Change Bendigo Mining 0.32 0.29 0.03 Centamin Egypt 1.44 1.38 0.06 Croesus Mining 0.03 0.04 -0.01 Kingsgate Cons. 5.60 5.30 0.30 Lion Sel…
Great Panther cuts deep high-grade at Guanajuato
VANCOUVER –A few weeks before a ceremony to celebrate the reopening of the Guanajuato mine in central Mexico, Great Panther Resources (GPR-T, GPRLF-O) released another set of high-grade drill results…
Global zinc supply uncertain after earthquake in China
The fate of zinc mining operations in China remains unknown after a massive earthquake devastated much of Sichuan province on May 12, leaving more than 40,000 people dead.
Wealth Minerals reports progress in Argentina
Wealth Minerals (WML-V, WMLLF-O) has reported drilling results from one project in Argentina, and rock sampling results from another.
BHP takes out JV potash partner
VANCOUVER — BHP Billiton (BHP-N, BLT-L) is moving decisively into the potash business by acquiring its joint-venture partner Anglo Potash (AGP-V, AGPOF-O) in an all-cash deal worth $284 million.
Verkhotina diamond deposit poses challenges for Archangel
Shortly after winning a decade-long legal dispute over ownership of the Verkhotina diamond exploration project in northwestern Russia, Archangel Diamond (AAD-V, ADMOF-O) has filed a technical report d…
Cline moves toward production at New Elk coal mine
With a coal preparation plant, silos and mining equipment now in its hands, Cline Mining (CMKT, CLNMF-O) is one step closer to bringing the New Elk mine in Colorado back into production.
Chariot sorts out delays to Mina Justa feasibility
Investors awaiting the completion of Chariot Resources’ (CHD-T, CHDSF-O) feasibility study for the Mina Justa copper deposit at its Marcona project, in Peru, will have to wait a little bit longer.
La Mancha sees rise in production, costs
While gold production is on the rise for La Mancha Resources (LMA-T, LACHF-O), so, too, are its costs, and its recent first-quarter results were unable to generate positive momentum on the market.