Exchange Rates (February 23, 2009)
CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate) Date Feb. 16 Feb. 13 Feb. 12 Feb. 11 Feb. 10 US$ in C$ 1.2437 1.2433 1.2477 1.2424 1.2332 C$ in US$ 0.8041 0.8043 0.8015 0.8049 0…
News
Japanese Consortium Buys Into Uranium One
Uranium One (UUU-T, SXRZF-O) will raise $270 million through a private placement with a Japanese consortium made up of Tokyo Electric Power Co., Toshiba Corp., and the Japan Bank for International Coo…
Cadiscor And Tiomin To Combine
The proposed merger of Cadiscor Resources (CAO-V, CADRF-O) and Tiomin Resources (TIO-T, TMIRF-O) will create a new company that will be well capitalized to become an intermediate gold producer, manage…
Chinalco Pumps US$19.5B Into Rio Tinto
China’s largest aluminum producer will invest US$19.5 billion in Rio Tinto (RTP-N, RIO-L) through joint ventures and convertible debt in a deal that will help the Anglo-Australian mining giant pay dow…
Canadian Gold Mutual Funds (February 23, 2009)
as of Dec. 31/08
Cash Call Emergency Threatens Minera Andes’ Survival
VANCOUVER — A few months ago, it seemed like Minera Andes (MAI-T, MNEAF-O) had it all: a 49% stake in a producing gold-silver mine, a massive copper deposit nearing development stage, and a pipeline …
Quadra Mining To Buy Centenario Copper
VANCOUVER — Patience has paid off for Quadra Mining (QUA-T, QADMF-O). The Vancouver-based company, which has been quietly stockpiling cash from its Robinson copper-gold mine in Nevada, waiting for th…
Victoria Gold Bids For StrataGold
Nevada-focused Victoria Gold (VIT-V, VITFF-O) has made a friendly offer for StrataGold (SGV-T, SAGDF-O) in pursuit of its advanced Dublin Gulch gold project in the Yukon.
Queenston raises $18M for gold exploration
Queenston Mining (QMI-T) has big spending plans for the Kirkland Lake gold camp in Northwestern Ontario, where it’s…
Wealth of potential sees Canadian miners through Eritrean turbulence
Eritrea usually finds itself in the western media’s headlines for its dispute with neighbouring Ethiopia over the…
Kootenay steps out at Promontorio
Vancouver – Over the past two years Kootenay Gold (KTN-V) has had a tightly focused drill program at the Pit zone o…
Barrick buys out Teck at Hemlo
In yet another asset sale to deal with its short-term debt crisis, Teck (YCK.B-T, TCK-N) is unloading its half stak…