Newgold sells last mining asset
Completing its transformation into an internet company, Newgold (NGLD-O) has sold the Relief Canyon mine to Orion Resources & Exploration.Orion purchased the operation for $960,000 in private shares o…
Articles by Northern Miner Staff
Cassiar to expand operations in BC
Shareholders of Cassiar Mines & Metals have approved a change in name to Cassiar Magnesium (CIR-T). The change reflects the company’s intention to become a producer of magnesium metal and magnesium si…
Metal Prices — DateApr. 25Apr. 24Apr. 21Apr. 20Apr. 19
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)Aluminium1442/1474holidayholiday142…
Silver Eagle leases mill in Chile
Partners Silver Eagle Resources (SER-V) of Tucson, Ariz., and Equatorial Mining of Australia have leased a mill near Copiapo, Chile, to reprocess silver-gold tailings from the historic Cha~narcillo si…
Red Lake strike ends
Talks between Goldcorp (G-T) and the United Steelworkers of America, which represents about 160 workers at the Red Lake mine in northern Ontario, have finally resulted in an agreement, ending the long…
EVENTS (May 01, 2000)
May 7-14 Mining Association of B.C. — “Mining Symposium 2000.” Hyatt Regency Hotel, Vancouver, B.C. Tel: (604) 681-4321, ext. 117. Fax: (604) 681-5305. Web site: http://www.mining.bc.caMay…
MEETINGS (May 01, 2000)
May 1 Britannia — general, extraordinaryMay 1 Fieldex — specialMay 1 Redwood — annual, generalMay 2 Diamondex — annualMay 2 Inmet — annual…
Romios hits high grade in Nevada
Drilling by Romios Gold Resources (RGRI-C) has intersected high-grade mineralization at the Scossa property, 6 miles from the producing Rosebud gold mine in Nevada’s Pershing Cty.To date, seven holes …
Canadian Zinc seeks financing
To fund further exploration on its wholly owned Prairie Creek base metal property in the Northwest Territories, junior Canadian Zinc (CZM-T) has entered into a $720,000 private placement.The financing…
Producer and Dealer Prices (May 01, 2000)
Antimony: Mid-mkt US$1,095/t.Bismuth: Mid-mkt US$3.90/lb.Cadmium: Mid-mkt US$0.20/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US…
Rio Algom polishes performance
Rising copper output and lower costs resulted in a strong first quarter for Rio Algom (ROM-T).For the first three months of 2000, the Toronto-based company posted net earnings of $15 million (or 16 p…
Gold Funds (May 01, 2000)
Gold Funds as of April 20, 2000Dynamic MutualCentral FundNet Value$12.61$5.57Price$8.