Eldorado reports private placement
Eldorado Gold (ELD-T) has raised $8 million in a private placement of 9.5 million special warrants priced at 90 each.Each special warrant is exchangeable for a unit, consisting of one share and half …
Articles by Northern Miner Staff
Scoping study in-hand
Based on the positive results of a scoping study by AGRA Simons, Diamond Fields International (DFI-T) plans to proceed to a full feasibility study for its wholly owned Marshall Fork feature, near Lude…
Phelps Dodge drops Princess option
The Canadian unit of Phelps Dodge (PD-N) has elected not to extend its option on the Princess property in Newfoundland. The base metal project is wholly owned by Cornerstone Resources, which in turn i…
Geomaque puts mine on hold
Low gold prices have forced Geomaque Explorations (GEO-T) to suspend construction at its Vueltas del Rio project in Honduras.The Toronto-based company had planned to begin production in March, having …
NAME CHANGES (February 14, 2000)
American Gem (GEM-T) has changed its name to Digital Gem.
Writedown dampens Battle Mountain’s results
The writedown of its interest in the Crown Jewel gold project in Washington state, combined with losses related to its interest in Niugini Mining, pushed Battle Mountain Gold (BMG-N) into the red for …
Precious metals in the limelight
Precious metals took centre-stage in the 5-day report period ended Feb. 4. Gold prices pushed sharply higher on Feb. 4, eventually reaching a peak of $318 per oz. in Far East trading early on Feb. 7, …
Spot Prices Wed. February 9, 2000
Precious MetalsPrice (US$/oz.)ChangeGold$306.00+$22.90Silver$ 5.36+$0.15…
Blue Bird owes debt to Bagdad
I read with great interest the letter “Arizona birthplace of SX-EW process” in your Jan. 17-23 issue. The letter is only partially correct.Solvent extraction-electrowinning was pioneered in Arizona. R…
Luscar coal sold for less to Japanese steel mills
A deal between Edmonton, Alta.-based Luscar and six Japanese steel mills for the export of hard coking coal is described as disappointing by the coal producer’s president.Gordon Ulrich says the contra…
Producer and Dealer Prices (February 14, 2000)
Antimony: Mid-mkt US$1,160/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$14.10-15.50/lb.Copper: Comex Mar. US$0.82/lb.Indium: Ind…
GREATEST VALUE TRADED, Feb. 2-8
Val($000s)HighLowCloseChangeAlcoa*N 695087 75.56 65.94 65.94 – 6.18…