Nayarit rides drilling success at Orion
Vancouver — While most others go to slaughter in the market, Nayarit Gold (NYG-v) has bucked the trend and instead found rich pasture in its parallel Del Norte and Animas veins at its Orion gold-silv…
News
Mexico ranks tops in mining potential on Fraser Institute survey
Sometimes numbers can tell a story best and certainly that is the case when it comes to Mexico’s mining industry.
Goldcorp touts large, low-cost Penasquito project
Just two years after acquiring its Penasquito property in Mexico, Goldcorp (G-T, GG-n) poured its first gold from the project’s oxide circuit and expects the planned open-pit mine to reach full produc…
Gammon Gold bouncing back
The evolution of Gammon Gold (GAM-T, GRS-x) from a small junior exploration company to a mid-tier gold and silver producer was a nice growth story — at first.
TSX SHORT POSITIONS (October 13, 2008)
Short positions outstanding at Sept. 30/08 (with changes from Sept. 15/08). Largest short positions Lundin Mining LUN 23973922 -2240139 Ivanhoe Mines IVN 17773821 627410 Eldorado Gol…
EXCHANGE RATES (October 13, 2008)
CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate) Date Oct. 6 Oct. 3 Oct. 2 Oct. 1 Sept. 30 US$ in C$ 1.1027 1.0812 1.0769 1.0609 1.0599 C$ in US$ 0.9069 0.9249 0.9286 0.9426 0.94…
Candente pulls long interval at Canariaco Sur
Vancouver — As Candente Resources (DNT-T, CDOUF-o) closes in on an expanded scoping study for its Canariaco Norte copper-gold porphyry, its first drill result from a second porphyry target 1.3 km to …
Xstrata drops Lonmin offer, then stocks up
The same day that it dropped a hostile US$10-billion bid for Lonmin (LNMIF-O, LMI-l), Xstrata (XSRAF-O, XTA-l) increased its stake in the platinum miner to nearly 25% — buying 22.2 million shares at …
Editorial: More pain, no gain
The week ended Oct. 4, the 40th trading week of 2008, was again characterized by global economic uncertainty stemming from the U. S. banking crisis. Miners and mineral explorers are now feeling the pa…
Citigroup big on precious metals miner Fresnillo
Since Mexico’s mining group Industrias Peoles (IPOAF-O, PENOLES-m) spun off its silver and gold assets creating Fresnillo (FNLPF-O, FRES-l), the new company has generated some buzz.
LENDING RATES (October 13, 2008)
as of 9 a. m. ET, Oct. 7, 2008 (%) Bank of Canada 3.25 Target overnight rate 3.00 Canadian Prime 4.75 U. S. Discount Primary 2.25 U. S. Fed Funds market rate 2.00 U. S. Prime 5…
DIVIDENDS (October 13, 2008)
Note: Vale will pay $0.52* on common and pr sh in two instlmnts on Apr 30 and Oct 31. Alcoa will pay its quarterly div of US$0.9375 for US$3.75 cmltv…