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…
Articles by Northern Miner Staff
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…
Meetings (January 18, 1999)
Jan. 18, Caledonia Jan. 18, Cantex Jan. 18, Croesus Jan. 18, Emerald Isle Jan. 18, Fort Knox Jan. 18, Rodera Jan. 19, Ameridex Jan. 19, Big Bear Jan. 19, Golden Hill Jan. 19, Int’l Arlo Jan. 19, Int’l…
Royal Gold hits high grade in Greece
Junior Royal Gold (RGLD-Q) has pulled some high-grade values from the first phase of drilling carried out on the Milos project in the Cyclades Islands of Greece.Royal is operator the project, in which…
LME WHSE LEVELS (January 18, 1999)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Jan. 12/99 (change from Jan. 5 in brackets):MetalStocks (tonnes)Change…
Crown gets environmental nod for Crown Jewel
Battle Mountain Gold (BMG-N) and Crown Resources (CRRS-Q) have won a legal victory regarding the Crown Jewel project in Washington state: the U.S. Federal Court backed conclusions made by the U.S. For…
Aur gets green light for Zaldivar purchase
Placer Dome (PDG-T), half-owner of the Zaldivar copper mine in Chile, will not exercise its right of first refusal on the remaining half-interest, currently being sold by Outokumpu’s base metals subsi…