Lending Rates (April 20, 2009)
as of 9 a. m. ET. April 14, 2009 (%) Bank of Canada 0.75 Target overnight rate 0.50 Canadian Prime 2.50 U. S. Discount Primary 0.50 U. S. Fed Funds market rate 0-0.25 U. S. Prime…
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Exchange Rates (April 20, 2009)
CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate) Date Apr. 13 Apr. 10 Apr. 9 Apr. 8 Apr. 7 US$ in C$ 1.2212 Holiday 1.2274 1.2354 1.2341 C$ in US$ 0.8189 Holiday 0.8147 0.8095 0….
Gold Prices To Fall: GFMS
While there were no startling revelations at a recent presentation of GFMS’s Gold Survey 2009, the precious metals consultancy that has been one of the most accurate forecasters of gold prices painted…
Caledonia, New Dawn Resuming Gold Mining In Zimbabwe
Caledonia Mining (CAL-T, CMCL-L) suspended gold production in Zimbabwe last October because it was never paid for the gold it delivered to the country’s central bank.
Miners Cast Wary Eye On Indonesia
Despite being home to some of the world’s more robust gold deposits, mining in Indonesia is in a state of upheaval.
International Quotes (April 20, 2009)
International Quotes Australia (A$) April 14 April 7 Change Bendigo Mining 0.25 0.25 0.00 Kingsgate Cons. 5.00 5.26 -0.26 Lion Selection Ltd 0.94 0.95 -0.01 Newcrest Mining …
PEOPLE (April 20, 2009)
Adanac Molybdenum– Christopher Kirby appointed president and CEO; Roger Taylor appointed chairman replacing Peter R. Jones.
CIM Looks At Canada’s Global Mining Impact
A panel of industry experts including a federal politician and a high-profile aboriginal leader will speak at the Canadian Institute of Mining, Metallurgy and Petroleum’s (CIM) conference and exhibit …
U.S. Markets – April 7-13
The U. S. economy, in recession since December 2007, is starting to show “glimmers of hope,” according to President Barack Obama, and that optimism was mirrored in the equity markets during the April …
Toronto Stock Exchange – April 7-13
Canadian equity indexes posted gains during the April 7-13 reporting period, in tandem with firming U. S. markets. The S&P/TSX composite index was up 269 points or 3% to 9,286, a three-month high….
Lydian Reports First Resource At Amulsar
Lydian International (LYD-T, LYDIF-O) has defined an inferred resource at its Amulsar property in Armenia in one field season.
SouthGobi Errs In Mongolian Coal Estimate
VANCOUVER– Mathematical errors have led to a major overstatement of a resource estimate at South- Gobi Energy Resources’ (SGQ-V, SGQRF-O) Ovoot Tolgoi coal mine in southern Mongolia.