Financings arranged for Manhattan, Pacific Rim
Two high-profile explorers in Peru have topped up their tills with equity financings.A private placement of 3.1 million special warrants priced at $3.25 each is adding $10 million to the coffers of Ma…
Articles by Northern Miner Staff
Barrick reclaims historic Bullfrog mine
Recently, the Nevada Mining Association (NvMA) led local dignitaries on a tour of the depleted Bullfrog gold mine, near Beatty, about 200 km northwest of Las Vegas, to show how Barrick Gold (ABX-T) is…
EVENTS (June 12, 2000)
June 11-14 Int’l Precious Metals Institute — “24th Int’l Precious Metals Conference.” Willimsburg Marriott Hotel, Williamsburg, Va. Fax: (850) 476-1548. E-mail: mail@ipmi.org Web site: www.ipmi.org…
Rosebud to blossom no more
In August, after nearly four years of operation and 375,000 oz. of gold production, partners Hecla Mining (HL-N) and Newmont Mining (NEM-N) will close the Rosebud mine in northern Nevada.When the mine…
Gregg River to close
Luscar has announced that the Gregg River coal mine, near Hinton, Alta., will close by September.Low coal prices, high production costs and, more recently, unfavourable geological conditions are respo…
Dayton enters Nevada scene with Denton-Rawhide purchase
As a latecomer to the Great Basin, Dayton Mining (DAY-X) missed the heady days of exploration in Nevada. However, with its newly acquired 49% interest in the Denton-Rawhide gold-silver mine, the compa…
Summo extends Centennial deposit in Arizona
An ongoing 50-hole drill program at the SE Extension copper oxide deposit in southeastern Utah continues to yield higher-than-expected grades for owner-operator Summo Minerals (SMA-T).Covering a 2,200…
Inco to go ahead with McCreedy expansion
Inco (N-T) will proceed with a US$33-million development at one of its most productive assets, the McCreedy East nickel mine in the western portion of Ontario’s Sudbury basin.The major will develop Mc…
Romios drills Scossa
Proceeds from a private placement are keeping the drills turning at the high-grade Scossa gold property, in Nevada’s Pershing Cty.In April, Romios Gold Resources (RGRI-C) raised $250,920 by issuing 73…
SouthernEra shuffles its board
In another surprise twist at SouthernEra Resources (SUF-T), shareholders have replaced nearly their entire board of directors.Taking the place of Lee Barker, Oliver Lennox-King, Patrick Ryan, Patrick …
Fortune advances Nico
Junior Fortune Minerals (FT-T) is encouraged by the results of a scoping study at its 80%-owned Nico cobalt-gold-bismuth deposit, 160 km northwest of Yellowknife, N.W.T.Fortune retained Strathcona Min…
Producer and Dealer Prices (June 12, 2000)
Antimony: Mid-mkt US$1,120/t.Bismuth: Mid-mkt US$3.65/lb.Cadmium: Mid-mkt US$0.19/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$15.65-17.00/lb.Copper: Comex July US$0.8045/lb.Indium: I…