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 …
Articles by Northern Miner Staff
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…
Gold takes flight, albeit briefly
The Dow Jones industrial average fell 83.45 points, or 0.75%, for the report period ended Feb. 8 amid inflationary fears, while gold responded positively.Spot gold on the Comex division of the New Yor…
Madison seeks funding for Mt. Kare
Madison Enterprises (MNP-V) has arranged for a $5.2-million private placement to finance drilling on the Mt. Kare gold-silver property in Papua New Guinea.The financing consists of 8 million units pri…
Anglogold eyes property in Red Lake gold camp
A letter-of-intent agreement paves the way for Anglogold (AU-N) to earn from Rubicon Minerals (RMX-V) a majority interest in more than 20,000 ha in the Red Lake mining camp of northern Ontario.To earn…