Toronto Stock Exchange Oct. 31-Nov. 6
Finance Minister Jim Flaherty’s Halloween announcement of changes to the tax treatment of income trusts was the “boo” heard round the markets during the reporting period Oct. 31-Nov. 6. A previously s…
News
Suppliers News (November 13, 2006)
Katanga secures more pieces of copper mine
Rainy River pulls high-grade gold
Vancouver — Rainy River Resources (RR-V, RRFFF-O) has announced a number of high-grade drill intercepts from its namesake gold project located about 80 km south of Kenora, in northwestern Ontario.
Editorial: Trusts get busted
More than a few Canadian investors were a little distracted handing out candy at the front door on Halloween, eager as they were to head back to the TV to take in news that Canadian Finance Minister J…
The earnings statement
MINING EXPLAINED
Goldcorp closes Glamis deal
In an unusual weekend manoeuvre, Goldcorp (G-T, GG-N) closed its controversial US$8.6-billion acquisition of Glamis Gold (GLG-T, GLG-N) on the Saturday evening of Nov. 4, exchanging each Glamis share …
Cumberland offloads Meliadine interest (November 13, 2006)
Vancouver — Deciding to focus on its key asset, the Meadowbank gold deposit near Baker Lake, in eastern Nunavut, Cumberland Resources (CLG-T, CLG-X) has sold its interest in the Meliadine gold projec…
‘Everybody wins’ at Capstone’s Cozamin reopening (November 13, 2006)
Zacetecas, Mexico — Just three years after acquiring the past-producing Cozamin property on the outskirts of this historic city, Capstone Mining (CS-T, CSFFF-O) has officially opened an expanded and …
Teck posts $504M profit
Vancouver — Robust commodity prices continue to fuel Teck Cominco’s (TCK.B-T, TCK-N) revenue engine, delivering strong third-quarter net income of $504 million ($2.34 per share), up from $405 million…
Kinross to buy Bema for $3.5B
Vancouver — Kinross Gold (K-T, KGC-N) is stepping up the pace of consolidation in the North American gold mining industry, launching a friendly $3.5-billion bid to acquire Bema Gold (BGO-T, BGO-N, BA…
Lending Rates (November 13, 2006)
as of 4 pm ET, Nov. 7, 2006 (%) Bank of Canada 4.50 Target overnight rate 4.25 Canadian Prime 6.00 U.S. Discount Primary 6.25 U.S….
Dividends (November 13, 2006)
Company Div. Pay Record ($) Date Date Pr Mtls Mng Trust 0.05 Nov 15 Oct 31 Peabody Energy 0.06* Nov 22 Nov 1 Goldcorp 0.015*…