TORONTO STOCK EXCHANGE – NOV. 25-DEC. 1
On Dec. 1, Canada’s benchmark S&P/TSX composite index experienced its worst one-day percentage fall since the crash of October 1987 — plunging 864.41 points, or 9.3%, to 8,406.21. The rout coinci…
News
TSX VENTURE EXCHANGE – NOV. 25-DEC. 1
All things considered, it was a fairly uneventful week for the S&P-TSX Venture Composite Index over the Nov. 25-Dec. 1 trading session. The board ended the week up 16.33 points at 739.12, still ho…
Dividends (December 08, 2008)
Note: Alcoa will pay its quarterly div of US$0.9375 for US$3.75 cmltv pr sh on Jan 1, rec Dec 12. Xstrata Canada will pay $0.2863 div for pref sh series…
Lending Rates (December 08, 2008)
as of 9 a. m. ET. Nov. 25, 2008 (%) Bank of Canada 2.50 Target overnight rate 2.25 Canadian Prime 4.00 U. S. Discount Primary 1.25 U. S. Fed Funds market rate 1.00 U. S. Prime …
Reed Lake Drilling Paying Off For VMS Ventures
Vancouver — The Reed Lake discovery continues to return solid copper-zinc-silver-gold intersections for VMS Ventures (VMS-V, VMSTF-O).
Vaaldiam Looks To ‘Stop The Bleeding’
Vaaldiam Resources (VAA-T, VAAFF-o) says the world financial crisis and a 25% drop in rough diamond prices since September have forced it to shut down its Duas Barras alluvial diamond mine in Minas Ge…
International Quotes (December 08, 2008)
Australia (A$) Nov 25 Nov 4 Change Bendigo Mining 0.12 0.12 0.00 Kingsgate Cons. 2.80 2.93 -0.13 Lion Selection Ltd 0.92 1.10 -0.18 Newcrest Mining 24.45 20.65 3.80 R…
Carpathian Doubles Rovina Gold Resource
Carpathian Gold (CPN-T, CPNFF-o) has doubled the resource at its Rovina Valley project in the heart of the Golden Quadrilateral of western Romania’s Transylvania region, 300 km northwest of Bucharest.
Thor Vein Returns Strong Gold Grades For Northern Abitibi
Discovered earlier this season by trenching, the Thor vein at the Viking gold project near Sops Arm, Nfld., is proving to be a promising discovery, reports operator Northern Abitibi Mining (NAI-V, NOM…
Iron Ore Contract Prices To Drop, Standard Chartered Says
Contract prices for iron ore will fall 15-20% in 2009, according to the commodity research team at Standard Chartered.
Bargains To Be Had — For Patient Investors
If investors have money to spare and can afford to wait for prices to recover, then recessions can be a good buying opportunity. The question, of course, is how long one has to wait until stock and co…
BHP Backs In On Peregrine’s Chidliak
BHP Billiton (BHP-N, BLT-l), the principal owner of Canada’s wildly successful Ekati diamond mine in the Northwest Territories, seems to think Peregrine Diamonds’ (PGD-t) Chidliak project, on southern…