Google memorializes Canada’s penny with a doodle

On the last day of official circulation Monday, Google celebrated the passing of the Canadian penny with an animated doodle.

The illustration replaces the first ‘o’ with a penny that spins around to show the Maple Leaf on one side and Queen Elizabeth on the other.

The penny  nicknamed a “copper” is being retired because it costs 1.6 cents to mint.

Prior to 1997, the penny was made with 95% to 98% copper. Since 2000,the coin has been made mostly of steel with a 4.5% copper plating. 

The Royal Canadian Mint is offering its own memorial  — the last million circulation pennies are available to order in special commemorative wrapped rolls of 50 pennies for $9.95.

628 0
Latest Stories

Nunavut to benefit from ‘tsunami’ of money flowing into Canadian mining, oil and gas: Nunatsiaq Online

Nunavut is attracting the attention of the world's miners like never before, says Scotiabank commodities analyst Patricia Mohr, speaking at a mining summit in the mineral-rich Canadian northern territory. Nunatsiaq Online reports: Pushed by the developing world’s growing hunger for consumer items, civil unrest in many countries, and “random” events like the recent tsunami, earthquake and nuclear power plant disaster in Japan, mining companies around the world are eying Nunavut with far more interest than before.

SIGN UP FOR OUR DAILY NEWSLETTER

DRDGold expects march quarter gold production to decline

South African gold miner DRDGold (DRDJ.J: Quote) said on Wednesday that it expected gold production for March quarter to be about three percent lower than the previous quarter at around 67,400 ounces. It also said in a guidance for investors that cash operating costs were expected to be about six percent higher as a result of the lower production.

Molycorp’s $89m deal for AS Silmet doubles REO production capacity

The US$89 million shares-and-cash acquisition of Estonia's AS Silmet by Colorado's Molycorp means both rare earth companies "will be able to take advantage of the very robust price situation in the market right now," Molycorp CEO Mark Smith said during a conference call with analysts Monday.