Dividends (November 13, 2006)
Company Div. Pay Record ($) Date Date Pr Mtls Mng Trust 0.05 Nov 15 Oct 31 Peabody Energy 0.06* Nov 22 Nov 1 Goldcorp 0.015* Nov 24 Nov 17 Alcoa…
News
Lending Rates (November 13, 2006)
as of 4 pm ET, Nov. 7, 2006 (%) Bank of Canada 4.50 Target overnight rate 4.25 Canadian Prime 6.00 U.S. Discount Primary 6.25 U.S. Fed Funds market rate 5.25…
Teck posts $504M profit
Vancouver — Robust commodity prices continue to fuel Teck Cominco’s (TCK.B-T, TCK-N) revenue engine, delivering strong third-quarter net income of $504 million ($2.34 per share), up from $405 million…
Kinross to buy Bema for $3.5B
Vancouver — Kinross Gold (K-T, KGC-N) is stepping up the pace of consolidation in the North American gold mining industry, launching a friendly $3.5-billion bid to acquire Bema Gold (BGO-T, BGO-N, BA…
Cumberland offloads Meliadine interest (November 13, 2006)
Vancouver — Deciding to focus on its key asset, the Meadowbank gold deposit near Baker Lake, in eastern Nunavut, Cumberland Resources (CLG-T, CLG-X) has sold its interest in the Meliadine gold projec…
Goldcorp closes Glamis deal
In an unusual weekend manoeuvre, Goldcorp (G-T, GG-N) closed its controversial US$8.6-billion acquisition of Glamis Gold (GLG-T, GLG-N) on the Saturday evening of Nov. 4, exchanging each Glamis share …
The earnings statement
MINING EXPLAINED
Rainy River pulls high-grade gold
Vancouver — Rainy River Resources (RR-V, RRFFF-O) has announced a number of high-grade drill intercepts from its namesake gold project located about 80 km south of Kenora, in northwestern Ontario.
Suppliers News (November 13, 2006)
Katanga secures more pieces of copper mine
Disappointment at El Corazon
Vancouver — Shares of Skeena Resources (SKE-V, SKREF-O) dropped 30% on high volume following drill results of up to 8.8 metres of 6.2 grams gold per tonne from its El Corazon project, in northwestern…
StrataGold expands Tassawini
Vancouver — Another batch of drill results from StrataGold’s (SGV-T, SAGDF-O) Tassawini project in northwestern Guyana has defined new areas of gold mineralization.
Peace but still worry in Kyrgyzstan
While the signature of Kyrgyzstan’s president on constitutional reforms has — at least for the moment — quelled t…