Canada's Financial Post As a News Resource

Waking at 4:30 a.m. has provided a bit of time to meander around the internet in search of new information about companies and stocks. Sleeplessness is not unusual, nor is working online in predawn hours. But this time I had a computer problem -- temporarily lost my bookmarks -- so, without the reliance on old stand-by websites, I ventured into new territory in my news search.

Obviously, there are advantages in going past the familiar because I stumbled upon Canada's Financial Post. And it is hard to believe that in all of this time, I have never visited this site that offers some very interesting information -- and seems especially strong with respect to energy and mining which are, of course, huge industries in Canada.

Some of the tidbits at this website:

Aside from an article on the global economy with thoughts from the Bank of Canada governor, the major headline was, "TransCanada's Alaska pipline project gets big boost." TransCanada Corp has sold one of its natural gas pipelines, located in the US, to TC PipeLines for US$395 million in cash and shares. The North Baja pipeline extends from southwestern Arizona to the California-Mexican border. TransCanada bought the property about five years ago when California "was emerging from its energy crisis from earlier in the decade, ... (but) new technology has opened up previously inaccessible pockets of shale natural gas, which is also cheaper to process, pushing the location advantage of the property into the future." With an abundance of other opportunities, TransCanada decided to opt for capital instead of a "mature asset."

Also on the Financial Post website:

There were articles relating to Yamana Gold, both with respect to the company's possible takeover targets and with respect to the company's announced deal to sell three producing mines to Aura Minerals of Vancouver, British Columbia. That deal sent the price of Aura stock shares soaring on Thursday. And Raymond James analyst Tom Meyer, who upgraded Aura to "strong buy," said that the deal propels Aura "into a gold producer of 'reasonable size" with plenty of near-term cash flow coming from gold. "

The three producing mines that the Vancouver based Aurora Minerals is acquiring from Yamana are -- the San Andres Gold Mine in Honduras and the Sao Francisco and Sao Vicente Gold Mines in Brazil.

Aura claims that among the benefits that it will garner:

Intermediate gold production and cash flow with an estimated average annual production of 220,000 gold ounces at average cash costs of US$555 per ounces in the Americas

Acquire 1.8 million gold ounces of proven and probable
reserves, plus additional 2.44 million gold ounces of measured and indicated resources and additional 0.8 gold ounces of inferred resources

Further information may be obtained regarding both of these news events by visiting the Financial Post website -- which may be reached by clicking the headline above.