Nuinsco Looking at Nickel Spinoff by Year-End
Plans by Nuinsco Resrouces (NWI-T, NUIRF-O) to set up a separate company to hold its nickel assets should harden into a formal plan of arrangement this quarter, the company announced in its quarterly …
News
Barrick Waives Minimum Tender Condition in NovaGold Bid
Vancouver — With about 20.6 million shares of NovaGold Resources (NG-T, NG-X) deposited under Barrick Gold’s (ABX-T, ABX-N) US$16.00-per-share hostile bid, the gold major has waived the 50.1% minimum…
TSX Venture Rights & Warrants (November 20, 2006)
Agnico Eagle Mines (AEM.WT.U) — Wt buys sh @ US$19 to Nov 14/07.
Dividends (November 20, 2006)
Company Div.($) Pay(Date) Record(Date) Peabody Energy 0.06* Nov 22 Nov 1 Goldcorp 0.015* Nov 24 Nov 17 Alcoa 0.15* Nov 25 Nov 3 Noranda Incm Fd 0.085 Nov 27 Oct…
Anglo Investing US$25 Million in Nautilus for 11.5% Stake
Vancouver — Nautilus Minerals (NUS-V, NUSMF-O) plans a US$68.5-million financing and has lined up mining giant Anglo American (AAUK-Q, AAL-L) to bankroll 36.5% of the deal.
Imperial Metals Pulls Plug on Hostile Offer for bcMetals
Vancouver — Unable to stomach bcMetals’ (C-V, BMTLF-O) poison pill, Imperial Metals (III-T, IPMLF-O) has withdrawn its unsolicited 95-per-share bid for the junior.
Lending Rates (November 20, 2006)
as of 4 pm ET, Nov. 13, 2006 (%) Bank of Canada 4.50 Target overnight rate 4.25 Canadian Prime 6.00 U.S. Discount Primary 6.25 U.S. Fed Funds market rate 5.25…
Alhambra Intersects Higher Grades at Uzboy
Vancouver — Alhambra Resources (ALH-V, AHBRF-O) president Elmer Stewart says he is encouraged by the results of drilling to the northwest of the company’s Uzboy gold mine in Kazakhstan.
International Quotes (November 20, 2006)
Australia (A$) Nov 13 Nov 7 Change Bendigo Mining 0.81 0.83 -0.02 Centamin Egypt 0.66 0.67 -0.01 Croesus Mining 0.28 0.28 0.00 Emperor Mines 0.34 0.31 0.03 Kingsgate Cons. 4.08…
Exchange Rates (November 20, 2006)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)
Gryphon Gold Sets Borealis on Course for Relaunch
Hawthorne, Nev. — With a positive feasibility study in hand for heap-leach operations at its Borealis project in western Nevada’s Walker Lane trend, Gryphon Gold (GGN-T, GYPH-O) is advancing plans to…
Aurelian Gold Discovery Takes Centre Stage
Viewed as a prime takeover target, Aurelian Resources (ARU-V, AUREF-O) is capitalizing on a share price that is approaching $40 and the strength of a new, potentially “world-class” discovery in Ecuado…