Eldorado targets Frontier Pacific
VANCOUVER — Frontier Pacific Mining (FRP-V, FRPMF-O) is fighting an unsolicited takeover offer from Eldorado Gold (ELD-T, EGO-X) in a battle focused on Frontier’s 1.4- millon-oz. Perama Hill gold dep…
Articles by Northern Miner Staff
Metanor pours gold at Bachelor Lake mill (April 28, 2008)
Metanor Resources (MTO-V, MEAOF-O) has poured the first 2,000 oz. of gold from its recently revived Bachelor Lake mill near Desmaraisville, Que.
Thompson Creek weighs risk and reward at Davidson (April 28, 2008)
VANCOUVER — Risk-averse major mining companies didn’t rush to revive molybdenum properties as prices began to climb in 2004, after averaging US$4.50 per lb. for a decade. They’d seen moly prices soar…
MacLean Engineering brings new scissor truck to Canada
MacLean Engineering and Marketing, the Collingwood, Ont.-based supplier of underground mining equipment has announced the introduction of its new Mine Mate series scissor truck to the Canadian market.
CANADIAN GOLD MUTUAL FUNDS (April 28, 2008)
Featured Fund: AGF Precious Metals, as of 01/31/08 (in weighted order): Kinross Gold, Goldcorp, Yamana Gold, Inmet Mining, Iamgold, Central Fund of Canada, Agnico-Eagle Mines, High River Gold Mines, F…
LENDING RATES (April 28, 2008)
as of 9 a. m. ET, April 22, 2008 (%) Bank of Canada 3.75 Target overnight rate 3.00 Canadian Prime 5.25 U. S. Discount Primary 2.50 U. S. Fed Funds market rate 2.25 U. S. Prime …
Feasibility study for Ashdown moly mine
Although molybdenum production is already under way at the Ashdown mine near Denio, Nev., 60-40 joint-venture partners Golden Phoenix Minerals (GPXM-O) and Win-Eldrich Mines (WEX-V, WIDMF-O) have rele…
INTERNATIONAL QUOTES (April 28, 2008)
Australia (A$) April 22 April 8 Change Bendigo Mining 0.29 0.29 0.00 Centamin Egypt 1.51 1.49 0.02 Croesus Mining 0.28 0.28 0.00 Kingsgate Cons. 4.31 4.15 0.16 Lion S…
Private Thai group to buy Pan African Mining (April 28, 2008)
Hungry for new coal properties outside Southeast Asia, Asia Thai Mining is buying Pan African Mining( PAF-V, PAFRF-O)at an 84.3% premium over the Vancouverbased junior’s 20-day average trading price.
Partners rev up exploration efforts at Matheson JV
It’s no coincidence that Matamec Explorations’ (MAT-V, MTCEF-O) new Matheson joint venture, in the Timmins gold camp, is next to Goldcorp’s (G-T, GG-N) Hoyle Pond gold mine property, says the company’…
FACTS AND FIGURES World mining equipment demand to grow 5% annually
World demand for mining equipment is expected to grow 5% annually through 2011, according to a new report issued by Ohiobased research group, Freedonia.
TORONTO STOCK EXCHANGE (April 28, 2008)
Solid gains by potash producers and explorers helped the TSX Composite Index surge to a five-month high over the April 15-21 trading period. The index rose 582.56 points, or 4.2%, to close at 14,321.1…