Eldorado tables year-end loss
Cost-cutting programs by Eldorado Gold (ELD-T) failed to offset the damage caused by low gold prices in 1998. The Vancouver-based company tabled a year-end loss of US$121.4 million (or US$1.66 per sha…
Articles by Northern Miner Staff
EDITORIAL & OPINION — FACTS ‘N’ FIGURES — Growing US economy bolsters mining industry
The U.S. economy expanded 3.9% in 1998, prompting increased consumption of minerals and mineral-based products, according to a study by the United States Geological Survey. Much of this increase in co…
LETTERS TO THE EDITOR — Chemists deserve QP consideration
I read with interest the letter by Ed Alvarez that appeared in your March 15-19 issue, in which he proposes that chartered chemists be considered as “Qualified Persons.”I have no problem with this con…
Golden Knight shareholders OK merger with Repadre
Shareholders of Golden Knight Resources (GKR-T) have approved a proposed merger with Toronto-based royalty company Repadre Capital (RPD-T).More than 99.6% of shareholders voted in favour of Golden Kni…
INSIDER TRADING — BT Funds unwinds Tri Origin position
Recent insider trading reports reported in the Ontario Securities Commission’s OSC Bulletin show that Australian-based investment fund BT Funds Management sold all its shares in Tri Origin Exploration…
MOST ACTIVE ISSUES, April 21-27
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MINING MARKETS & INVESTMENT NEWS — U.S. MARKETS — Dow eyes 11,000 mark
The Dow Jones industrial average rose 383.16 points, or 3.7%, in the report period ended April 27 to finish at a new high of 10,831.71, closing in on the 11,000 mark.Mining issues were mixed as gold a…
HMINING MARKETS & INVESTMENT NEWS — WESTERN MARKETS — AG settles following Homestake deal
The Vancouver Stock Exchange composite index edged up 1.03 points, or 0.02%, to finish the week ended April 27 at 436.51. The mining index lost 1.95 points, or 0.6%, and ended at 310.56.Meanwhile, the…
METAL PRICES (May 03, 1999)
BASE METALS (London Metal Exchange-Midday official cash/3-month prices, US$ per tonne)DateApril 27April 26April 23Apri…
Euro bows out of Golden Cycle deal — IRR too low to justify purchase price
Euro-Nevada Mining (EN-T) has decided against acquiring a 54% stake in Golden Cycle Gold (GCC-P), which owns a 33% interest in the Cresson gold mine near Colorado Springs, Colo.After a thorough due di…
DIAMOND PAGE — Caldera flies Pilbara properties
Having been active up to now in South Australia, Caldera Resources (CDR-M) recently completed geophysical surveys on two properties in the Pilbara Block in Western Australia.Caldera, which absorbed pr…
Rio Tinto boosts reserves at Argyle
Rio Tinto (RTP-N) has increased minable reserves at Australia’s largest diamond mine by 45%, extending the life of the operation to 2006 at current mining rates.The reserve boost at the Argyle mine in…