Paramount Gold And Silver Trades Major Stake For $9M
VANCOUVER–Through a $9-million financing, Paramount Gold and Silver (PZG-T, PZG-X) is selling as much as a quarter of the company to Toronto-based FCMI Financial.
News
Silver Wheaton To Consolidate Grip On Industry
Silver Wheaton’s (SLW-T, SLW-N) proposed acquisition of Silverstone Resources (SST-V, SVRCF-O) will give it immediate production and cash flow from a number of low-cost mines in politically stable cou…
Daily Metal Prices (April 13, 2009)
Date Apr. 6 Apr. 3 Apr. 2 Apr. 1 Mar. 30 BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne) Al Alloy 1310/1350 1270/1300 1235/1270 1201/1240 1240/1240 …
North American Stock Exchange Indices (April 13, 2009)
52-week Date Apr. 6 Apr. 3 Apr. 2 Apr. 1 Mar. 31 High Low S&P/TSX-Ven Comp 963.17 975.59 978.27 970.09 956.81 2735.30 678.62 TSX Composite 9016.17 9065.76 9073.14 8941.82 8…
Denison Records US$80M Loss
VANCOUVER — The economic downturn has hit the uranium market hard and Canadian producer Denison Mines (DML-T, DNN-X) is feeling the pinch. In recent months, the company reported a 2008 loss of US$80….
Ventana Extends La Mascota To 725 Metres, Raises $6M
When the first set of drill results from Ventana Gold’s (VEN-T) La Bodega gold project in Colombia came in, CEO Richard Warke says no one could believe it.
ABB To Supply Electrical Gear For Vale Plant
Power and automation supplier ABB (ABB-N) has signed a US$62- million deal with Vale (RIO-N) to supply electrical equipment to the company’s Oman Industrial Complex project, in the Middle Eastern coun…
Chinese Company To Buy Western Prospector
A Hong Kong-listed company with links to China National Nuclear Corp. — China’s former Ministry of Nuclear Industry, which built the country’s first atom bomb — wants to buy Western Prospector Group…
TSX Venture Short Positions (April 13, 2009)
Short positions outstanding at Mar. 31/09 (with changes from Mar. 15/09).
Dividends (April 13, 2009)
Note:Vale will pay $0.4795 for all shares on Apr 30 and Oct 30. Anglo American has suspended its dividend which totals $0.44* for the year. Teck Cominco and Harry Winston Diamond have also suspended t…
Uranium Days Over In BC, Again
VANCOUVER– The prospect of uranium mining in B. C. received a final blow in March, as the provincial government moved to prohibit the chief mine inspector from issuing uranium and thorium exploration…
Temporary Shutdowns Planned For Diavik
To deal with a global drop in diamond demand, Rio Tinto (RTP-N, RIO-L) is planning two shutdowns at the Diavik mine in the Northwest Territories in the coming months, as well as further delays to the …