LME WAREHOUSE LEVELS (September 29, 2008)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Sept. 23, 2008 (change from Sept. 16 in brackets):
News
St Andrew forgoes feasibility at Holloway-Holt
St Andrew Goldfields’ (SAS-T, SASXF-o) goal of re-igniting mining at the former Holt and Holloway mines just east of Matheson, in northern Ontario, is getting ever closer.
Schaft Creek twice the price for Copper Fox (September 29, 2008)
Vancouver — Copper Fox Metals (CUU-V, CPFXF-o) has both upped the size and doubled the capital cost of its Schaft Creek, copper-gold project, about 300 km north of Prince Rupert, B. C., with the rele…
EXCHANGE RATES (September 29, 2008)
CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate) Date Sept. 22 Sept. 19 Sept. 18 Sept. 17 Sept. 16 US$ in C$ 1.0382 1.0470 1.0701 1.0783 1.0734 C$ in US$ 0.9632 0.9551 0.9345 0.927…
LENDING RATES (September 29, 2008)
as of 9 a. m. ET, Sept. 23, 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 …
DIVIDENDS (September 29, 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…
Agnico-Eagle digs deep in Quebec (September 29, 2008)
Denver, Colo. — If it isn’t broken — don’t fix it. That seemed to be the subtext of gold producer Agnico-Eagle Mines (AEM-T, AEM-n), at the Sept 8-10 Denver Gold Forum.
TSX greatest percentage change (September 29, 2008)
VOLUME WEEK (000s) HIGH LOW CLOSE CHANGE Banro Res BAA 373 3.90 1.51 3.70 +120.2 Central Sun Mg CSM 343 0.80 0.31 0.80 + 90.4 North Atlc Res NAC 1090 0.17 0.08 …
SPOT PRICES (September 29, 2008)
COURTESY OF SCOTIABANK
New Guinea Gold tracks gold-rich oxide at Sinivit
Vancouver — At the producing Sinivit gold mine in Papua New Guinea, expansion drilling is returning high-grade gold oxide at surface and well-mineralized sulphide from just below for New Guinea Gold …
Metanor looking to expand Barry pit (September 29, 2008)
Results from summer drilling at Metanor Resources’ (MTO-V, MEAOF-o) Barry property could lead to a boost in gold resources at the Barry open pit, the company says.
Cabo Drilling lands Rio Grande Silver contract
Vancouver-headquartered Cabo Drilling’s (CBE-V, CBEEF-o)U. S. subsidiary, Advanced Drilling Inc., has been contracted by Rio Grande Silver to conduct at least 35,000 ft. of surface core drilling for t…