GREATEST VALUE TRADED (January 18, 1999)
ExchgVal($000S)HighLowCloseChangePlacer DomeT3700…
Articles by Northern Miner Staff
Dayton Mining restructures Andacollo debt
Dayton Mining (DAY-T) has found a long-term solution to the problem of how to finance its wholly owned Andacollo gold mine in central Chile.The company reached an agreement with its banking syndicate …
AMT uncovers porphyry prospect
Re-assaying a historical drill hole has led to the discovery of a copper-gold-molybdenum prospect at the Copper Creek project, northeast of Tuscon, Ariz.AMT International Mining (AAI-T) reports that h…
Careers (January 18, 1999)
PriceWaterhouseCoopersExecutive SearchMine SuperintendentOur client is a major international mining company. They have an immediate need for a seasoned Mine Superintendent for a mine site in Ontario, …
Viceroy unseats Glamis Gold in bid for Rayrock Resources
Rayrock Resources (RAY-T) has left Glamis Gold (GLG-T) alone at the altar after a competing bid by Viceroy Resource (VOY-T) was judged by company officials to be superior to Glamis’ previously…
Barrick Gold extends bid deadline
Barrick Gold(ABX-T) has moved its deadline back, extending its $4 cash offer for the outstanding shares ofArgentina Gold (ARP-V) to Jan. 19.Barrick extended the offer, which remains conditional on get…
Piedmont to sell Haile project
In an effort to settle its long-standing dispute with partner Lancaster Mining, Piedmont Mining (PIED-O) will sell its minority interest in the Haile joint venture in South Carolina, For US$2 million,…
TSE SHORTS (January 18, 1999)
Short positions outstanding at December 31, 1998Larger individual positions include:Abitibi-Consolidated 929,500, down 448,880; Alcan Aluminium 1,062,050, down 293,341; Asia Pacific 118,700; Barrick G…
SPOT PRICES (January 18, 1999)
Wednesday January 13, 1999Price (US)Week’s ChangeGold*$288.20+$1.05Silver*$ 5.19…
EDITORIAL & OPINION – COMMENTARY — Mining in the new millennium
On New Year’s Eve, as I said goodbye to 1998 and toasted the arrival of ’99, I experienced a wave of excitement and a twinge of trepidation. For the first time, the millennium no longer seemed to be a…
MINING MARKETS & INVESTMENT NEWS – US MARKETS — Soaring Dow takes plunge
The Dow Jones industrial average soared early in the report period ended Jan. 12, only to fall off sharply on the last day of trading, starting a larger downward trend. Nevertheless, the average finis…
MINING MARKETS & INVESTMENT NEWS — Glamis Gold advances Central American gold projects
With feasibility work continuing, construction at the San Martin gold project in central Honduras is targeted to begin by November of this year.Glamis Gold (GLG-T) plans to develop the project as a 50…