LENDING RATES (May 12, 2008)
as of 9 a. m. ET, May 5, 2008 (%) Bank of Canada 3.25 Target overnight rate 3.00 Canadian Prime 4.75 U. S. Discount Primary 1.75 U. S. Fed Funds market rate 2.00 U. S. Prime 5….
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EXCHANGE RATES (May 12, 2008)
CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate) Date May 5 May 2 May 1 April 30 April 29 US$ in C$ 1.0125 1.0183 1.0189 1.0095 1.0131 C$ in US$ 0.9877 0.9820 0.9815 0.9906 0.987…
BID-ASK — APR. 29-MAY 5, 2008
12-MONTH STOCK EXC BID ASK LAST HIGH LO Absolut Res V 0.80 0.98 0.98 1.30 0.001 Affinor Res V 0.16 0.17 0.16 0.19 0.12 Anglo-Bomarc V 0.11 0.18 0.11 0.30 0.11…
Blades of steel: a mining tradition
Congratulations to the PDAC Caracle Cup for carrying on a long standing tradition of “miners” playing hockey during the Prospectors and Developers Association of Canada convention held annually in Tor…
GBS Gold sees potential at Union Reefs deposits (May 12, 2008)
Recent drill results from GBS Gold International’s (GBS-T, GBSFF-O) Brocks Creek and Fountain Head mines, in Australia, bode well for the company’s Union Reefs operations — fed by ore trucked from se…
Schulich hikes Starfield stake (May 12, 2008)
Famed mining entrepreneur Seymour Schulich has increased his holdings in Starfield Resources (SRU-T, SRFDF-O).
INTERNATIONAL QUOTES (May 12, 2008)
Australia (A$) May 6 April 22 Change Bendigo Mining 0.30 0.29 0.01 Centamin Egypt 1.39 1.51 -0.12 Croesus Mining 0.28 0.28 0.00 Kingsgate Cons. 5.00 4.31 0.69 Lion Se…
Sherwood irons out the wrinkles at Minto
VANCOUVER — Less than a year after commissioning its Minto mine, Sherwood Copper (SWC-V, SWOPF-O) has already expanded mill throughput by more than 50%.
M&A: ‘The only certainty in an uncertain market’
When escalating costs and a much-delayed construction schedule forced NovaGold Resources (NG-T, NG-X) and Teck Cominco (TCK. B-T, TCK-N) to pull the plug on building a mine at their Galore Creek coppe…
Murgor boasts strong grades at Hudvam
Strong gold grades drove Murgor Resources (MGR-V, MGRRF-O) shares 48% higher on April 22 after the company released results from its Hudvam copper-gold-zinc-silver deposit in Flin Flon, Man.
Ur-Energy study finds potential at Lost Creek
A preliminary economic assessment on Ur-Energy’s (URE-T, UREGF-O) Lost Creek uranium deposit in Sweetwater Cty., Wyo., found that the project would be economic at uranium prices above US$40 per lb.
WSJ ad calls on U. S. to cut off aid to Mongolia
The Center for Individual Freedom has published a full-page ad in The Wall Street Journal demanding that U. S. President George Bush and Secretary of State Condoleeza Rice tell Mongolia that it has to…