TSX Venture Exchange September 2-8
The modest gains picked up by the S&PTSX Venture Exchange during the past two weeks were more than erased in the Sept. 2-8 trading session. Closing down for five consecutive days, the Venture boar…
News
HudBay files resource on Lalor Lake
Lalor Lake has the potential to become HudBay Minerals’ (HBM-T, HBMFF-O) next mine in the Flin Flon greenstone belt of Manitoba, the company said in a statement announcing the first resource estimate …
Agnico-Eagle doubles credit lines to US$600M
Shares of Agnico-Eagle Mines (AEM-T, AEM-N) were off $1.35, or 2.43%, to $54.21 apiece recently on news that the company has doubled its credit lines to US$600 million.
Taca Taca cha-cha: Rio returns option to Lumina (September 15, 2008)
VANCOUVER — After drilling six holes, Rio Tinto (RTP-N, RIO-L) has taken a pass on Taca Taca, giving its option on the Argentinean property back to Lumina Copper (LCC-V, LCPRF-O). And this, as Lumina…
INTERNATIONAL QUOTES (September 15, 2008)
Britain (pound)
LENDING RATES (September 15, 2008)
as of 9 a. m. ET, Sept. 9, 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 …
Intrepid Mines brings on Penta at Casposo
Intrepid Mines (IAU-T, IAU-A) is advancing its Casposo gold-silver project in Argentina by hiring local engineering firm Ingenieria Penta Sur S. A. Argentina.
China reaches out
Some highlights of recent mining acquisitions by Chinese companies include:
Tri-Venture dismantles Golden Giant mill
With reclamation under way by Fortune Minerals (FT-T, FTMDF-O) at the Golden Giant mine in Ontario’s Hemlo gold camp, the company has contracted Tri-Venture FE&C to dismantle, demolish and help sa…
EXCHANGE RATES (September 15, 2008)
CANADIAN/U. S. EXCHANGE (Bank of Canada noon rate)
DIVIDENDS (September 15, 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…
Toronto Stock ExchangE September 2-8
Despite the brief spell of confidence the U. S. government’s bailout of Fannie Mae and Freddie Mac brought to the markets, downward momentum proved too strong to combat for the TSX Composite Index, as…