Lihir Gold and Equigold merger will create global gold major
A diversified portfolio of producing mines, low cash costs and a growth pipeline are the upshot of a merger between Lihir Gold (LGG-T, LIHR-Q) and Equigold (EQI-A), the companies say.
Articles by Northern Miner Staff
Acadian to spin off gold assets
Halifax-based Acadian Mining (ADA-T, ADAIF-O) is spinning off its gold assets into a new public company to create value for its shareholders, the company says.
High costs leach revenues at Endeavour Silver (May 12, 2008)
Endeavour Silver (EDR-T, EXK-X) posted record production and revenue last year, but escalating cash costs and a US$1.3-million write down from soured investments in asset-backed commercial paper, ate …
NORTH AMERICAN STOCK EXCHANGE INDICES (May 12, 2008)
52-week Date May 5 May 2 May 1 April 30 April 29 High Low S&P/TSX-Ven Comp 2493.76 2495.51 2463.91 2455.06 2432.89 3372.00 2340.21 TSX Composite 14274.34 14280.28 14065.81 13…
Gold Reserve feels the sting of rejection
Gold Reserve (GRZ-T, GRZ-X) has lost its status as a “company that could” in Venezuela.
Chavez gov’t denies Crystallex key permit at Las Cristinas
VANCOUVER — Crystallex International (KRY-T, KRY-X) had been jumping through every hoop in its path at the Las Cristinas gold project in eastern Venezuela.
Dispute threatens more delays for Petaquilla
VANCOUVER–The Petaquilla project in north-central Panama has long been described as one of the largest undeveloped copper deposits in the world. A dispute between proposed partners Teck Cominco (TCK-…
KRY shareholders left in tears
Another week. . . another Third World government grabbing prized mineral assets from North American mining companies.
Gold Fields’ South African miners killed
The past couple of weeks have been tragic ones for Gold Fields (GFI-N) employees after a series of unrelated accidents claimed 13 lives at two of the company’s South African assets.
Copper drives Teck Cominco’s Q1 earnings
VANCOUVER — A higher Canadian dollar and lower coal and zinc prices trimmed the net earnings of Teck Cominco (TCK. B-T, TCK-N) in the first quarter of 2008, despite improved copper prices and the str…
LME WAREHOUSE LEVELS (May 12, 2008)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, May 6, 2008 (change from April 29 in brackets):
SPOT PRICES (May 12, 2008)
COURTESY OF SCOTIABANK Tuesday, May 6, 2008 Precious Metals Price (US$/oz.) Change Gold $878.00 -8.00 Silver $16.70 -0.08 Platinum $1930.00 -25.00 Palladium $426.00 -5.00 Base Metals P…