Exchange Rates (November 06, 2006)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)
News
Peregrine to acquire Kettle River
Peregrine Diamonds (PGD-T) is boosting its stake in the WO diamond project in the Northwest Territories and, in turn, the DO-27 pipe by merging with Kettle River Resources (KRR-V, KRRSF-O).
The price of silence: more shareholder abuse
Commentary — The following is an open letter from Robert McEwen, US Gold CEO and chairman, and the former CEO of Goldcorp, which recently launched a US$8.6-billion takeover of Glamis…
Trouble afoot in financial markets, Part III
Commentary — The following is the last of three edited parts of a speech presented at the recent Silver Summit in Coeur d’Alene, Idaho. Evidence pointing to surreptitious market intervention…
CVRD sambas into Toronto
A day after announcing that Brazilian iron ore giant Companhia Vale do Rio Doce (CVRD) (RIO-N) had acquired 76% of Inco’s (N-T, N-N) shares and were closing in on finalizing the takeover, the top bras…
Barrick boosts NovaGold bid
Vancouver — Barrick Gold (ABX-T, ABX-N) has increased and extended its takeover bid for NovaGold Resources (ng-t, ng-x), now offering US$16.00 per share until Nov. 7.
Editorial: We’ll think no more of Inco. . .
October marked the beginning of a new era for Canadian mining, with the absorption of the iconic Canadian nickel miner Inco into the Brazilian base metals behemoth, Companhia Vale do Rio Doce.
Rio Narcea picks up Chariot shares from Amerigo (November 06, 2006)
Taking a turn away from its usual stomping grounds in Spain and North Africa, Rio Narcea Gold Mines (RNG-T, RNO-X) is buying 31.8 million shares and 11.5 million warrants of Peru-focused base metal ex…
Agnico sets earnings benchmark
High prices for its byproducts saw gold production costs on the decline for Agnico-Eagle Mines (AEM-T, AEM-N), fuelling record third-quarter earnings for the Toronto-based company.
Discovery adds lustre to Linear Gold’s Ixhuatan
Early stage drilling at the Cerro La Mina target area of the Ixhuatan property in Chiapas, Mexico, is returning some encouraging results for Linear Gold (LRR-T, LGCFF-O).
Bolivian government to review mining laws (November 06, 2006)
A greater role for the government in the mining sector is now explicitly on the table in Bolivia, following a series of riots at the Huanuni tin mine that left 16 people — mine employees and miners f…
Rainy River pulls wide high-grade gold intercepts
Vancouver – Rainy River Resources (RR-V, RRFFF-O) has turned in a number of significant drill intercepts from its n…