Phelps Dodge drops Princess option
The Canadian unit of Phelps Dodge (PD-N) has elected not to extend its option on the Princess property in Newfoundland. The base metal project is wholly owned by Cornerstone Resources, which in turn i…
News
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 …
Spot Prices Wed. February 9, 2000
Precious MetalsPrice (US$/oz.)ChangeGold$306.00+$22.90Silver$ 5.36+$0.15…
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 …
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…
Stillwater posts record earnings
Stillwater Mining (SWC-X) has posted record earnings on the strength of higher commodity prices and a late surge in productivity at its namesake platinum-palladium mine in southwestern Montana.For the…