Olympus boosts Phuoc Son stake
Shares in Olympus Pacific Minerals (OYM-V) dropped nearly 10% in early trading in Vancouver on Mar. 1, after the co…
Articles by Northern Miner Staff
Fronteer to raise $6.0 million
Vancouver — Fronteer Development Group (FRG-T) intends to raise $6 million through a private placement financing.
BHP signs Chinese steel deal
Anglo-Australian giant BHP Billiton (BHP-N) has inked a US$9-billion deal to annually ship some 12 million tonnes o…
Gold searching for support
London-based Gold Fields Mineral Services (GFMS) predicts gold prices will continue rallying during the first half of 2004, perhaps surpassing US$450 per oz. before the end of June. The consulting fir…
Wheaton River on a roll
It doesn’t get much better than this — a 325% increase in production, a 66% reduction in cash costs, and a 600% reserve increase. And all in the space of a year.Wheaton River Minerals (WRM-T) produce…
Diamond Fields resurfaces in Namibia
Shares in Diamond Fields International (DFI-T) shot up a dime, or about 15%, to 78 on Feb. 19, after the company announced an agreement with Samicor Mining Services that paves the way for a resumptio…
Finding a little energy
Take a walk around and it’s not hard to find someone that’s aware of the big change in the gold market; over the last three years gold has rebounded off a low of US$255.95 per oz. and the general publ…
LME Warehouse Levels (March 01, 2004)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Feb. 24 (change from Feb. 17 in brackets):Aluminium1392875(-11500)Aluminium Alloy64840…
De Beers, GGL confirm diamond-bearing nature of Doyle Sill
It took eight years, but De Beers Canada Exploration and GGL Diamond (GGL-V) finally returned to the Doyle Lake sill in 2003 after a federally appointed tribunal upheld an earlier 1996 decision awardi…
Spot Prices Tuesday, Feb. 24, 2004 Courtesy of Scotiabank
Precious MetalsPrice (US$/oz.)ChangeGold$401.45-12.45Silver$6.54 -0.10Platinum$858.00+1.00…
People (March 01, 2004)
Apollo Gold — Melvyn Williams appointed senior VP of finance and corporate development.Crystallex — Ron Colquhoun appointed VP of technical services; Brendan Burke appointed project manager; John Bi…
Philippine gov’t seeks reversal
The government of the Philippines has requested that the country’s Supreme Court reverse its decision to curtail foreign investments in the mining sector.A court filing cited potential losses of more …