Canadian Gold Mutual Funds (May 04, 2009)
*as of Jan. 31/09
News
Aurizon Raising $50M
A $50-million bought-deal financing led by National Bank Financial will give Aurizon Mines (ARZ-T, AZK-X) some cash for its existing operations and potential acquisitions.
Teck Restructures Massive Debt
VANCOUVER — Teck (TCK. B-T, TCK-N) is back from the brink of disaster: Canada’s biggest mining company watched its share price soar 37% in a day after news it restructured its massive debt load to re…
International Quotes (May 04, 2009)
Australia (A$) April 28 April 21 Change Bendigo Mining 0.24 0.22 0.02 Kingsgate Cons. 6.04 5.25 0.79 Lion Selection Ltd 0.98 0.93 0.05 Newcrest Mining 30.99 27.84 3.15 …
Lending Rates (May 04, 2009)
as of 9 a. m. ET. April 28, 2009 (%) Bank of Canada 0.50 Target overnight rate 0.25 Canadian Prime 2.25 U. S. Discount Primary 0.50 U. S. Fed Funds market rate 0-0.25 U. S. Prime…
Bear Creek Looks To Fast Track Santa Ana
Bear Creek Mining’s (BCM-V, BCEKF-O) bulk-tonnage silver deposit in southern Peru could be developed as a pure silver producer averaging 4.6 million oz. per year over 11.8 years of a heap-leach operat…
Plot Thickens In Vedanta-Asarco Deal
VANCOUVER–Despite a ruling that approves certain conditions of a proposed US$1.7-billion sale of Asarco’s operating mines to Vedanta Resources (VDNRF-O, VED-L), as part of the former’s reorganization…
Nunavut Rewarded With Exploration Resurgence
VANCOUVER — Ten years ago, when Nunavut was created, the area was witnessing the end of a productive mining era. The zinc mines at Polaris and Nanisivik and the Lupin gold mine had reached the ends o…
B2Gold’s Big Plans For 2009
VANCOUVER — In less than two years, B2Gold (BTO-T, BGLPF-O) has completed a successful merger that has netted the company 43,000 oz. gold production this year and the chance at 130,000 oz. next year,…
Aquiline Boosts Navidad Resource
Aquiline Resources (AQI-T, AQLNF-O) has released an updated resource estimate for its huge Navidad silver-lead project, in Chubut province, Argentina, that increases contained silver ounces by 40%.
Osisko Rises On South Barnat Infill Grades
VANCOUVER — Infill drilling at the Canadian Malartic project has returned better than expected gold grades for owner Osisko Mining (OSK-T, OSKFF-O).
Zuma Handed The Reins In South Africa
The biggest geopolitical event in the mining world during the 16th trading week was the changing of the guard in South Africa.