Billiton gains stake in CVRD
London-based Billiton will pay US$327 million to acquire an indirect 2% stake in Companhia Val do Rio Doce (CVRD), the Brazilian iron ore and aluminum group, at a 50% premium to the current market pri…
Articles by Northern Miner Staff
Spot Prices, Wed. July 26, 2000Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$279.70-$2.10Silver$ 4.97-$0.02…
Metal Prices (July 31, 2000)
BASE METALS (London Metal Exchange — Midday official cash/3-month prices, US$ per tonne)DateJuly 25July 24July 21July 20…
TSE Shorts (July 31, 2000)
Short positions outstanding at July 15, 2000Larger individual positions include: Abitibi-Consolidated 1,144,461 up 530,935; Alcan Aluminium 742,357 up 359,552; Barrick Gold 4,879,235 up 416,…
TSE INDICES (July 31, 2000)
DateJuly 25July 24July 21July 20July 19HighLowTSE 30010867.1010783.4810842.0810740.801…
Birch Mountain Resources rapped for disclosure again
Following a review by the Canadian Venture Exchange (CDNX), Birch Mountain Resources (BMD-V) has retracted statements that two outside laboratories had confirmed “a new form of gold and platinum group…
Analyst gives nod to Battle Mountain-Newmont merger Investment Commentary
What’s good for the goose isn’t alway great for the gander. Tanya Jakusconek, gold analyst for National Bank Financial, views the recently announced merger between Battle Mountain Gold (BNG-N) and New…
Glen Harper convicted on insider trading charges
The Ontario Court of Justice has found Glen Harper, president of Golden Rule Resources (GNU-T), guilty of two charges of illegal insider trading in the company’s shares during early 1997, when the com…
Share swap offer for Altoro
In an attempt to diversify its exploration portfolio, Denver-based Solitario Resources (SLT-T) has tabled a friendly takeover bid for junior Altoro Gold (ATG-V).The share swap offer would see Altoro s…
Phelps Dodge beats estimate
Phelps Dodge (PD-N) posted better-than-expected second-quarter earnings of US$4.5 million (or 66 per share) before restructuring charges and non-recurring items of US$52 million.In late June, the com…
San to drill near Bissett
Winnipeg-based San Gold Resources (SGR-W) has launched a major exploration program on its property near the producing Bissett mine in northern Manitoba.The $500,000 program will consist of basal till …
Mentor steps up work in Quebec
Armed with more than $10 million in working capital, Mentor Exploration & Development (MV-T) has acquired three gold projects in northern Quebec.About $400,000 will be spent this year on the Lac Corve…