Latest Ashdown Project LLC Stories

2009-02-27 17:10:00

SPARKS, Nev., Feb. 27 /PRNewswire-FirstCall/ -- Golden Phoenix Minerals, Inc. (OTC Bulletin Board: GPXM) and Win-Eldrich Mines Ltd. (TSXV: WEX) are pleased to announce execution of a binding memorandum of understanding that will consolidate 100% of the ownership interest in the Ashdown Project LLC to Win-Eldrich Mines Limited ("WEX"). WEX will pay US$5.3 million to Golden Phoenix ("GPXM"), which will be satisfied by the issuance by WEX of a secured promissory note for the full amount of the...

2008-11-10 18:00:16

SPARKS, Nev., Nov. 10 /PRNewswire-FirstCall/ -- Golden Phoenix Minerals, Inc. (BULLETIN BOARD: GPXM) announced that in response to the sharp reduction in demand and price for molybdenum worldwide, the Ashdown molybdenum mine in Humboldt County, Nevada has been placed on care and maintenance with a significant reduction in force until further notice. The Ashdown mine produces molybdenum concentrate which is roasted to the oxide form used primarily as a hardener and anti-corrosive agent in...

2008-10-17 09:00:19

SPARKS, Nev., Oct. 17 /PRNewswire-FirstCall/ -- Golden Phoenix Minerals, Inc. (BULLETIN BOARD: GPXM) announced today that the Company has initiated a comprehensive cost-cutting program designed to conserve operating cash reserves in the face of the current financial upheavals impacting the international business community. Conservation measures include trimming the corporate staff, rescheduling non-essential projects, and voluntary deferral of salaries, including 100 percent deferral of...

2008-09-22 06:00:24

SPARKS, Nev., Sept. 22 /PRNewswire-FirstCall/ -- Golden Phoenix Minerals, Inc. (BULLETIN BOARD: GPXM) announced today that an MP3 audio file of a recent radio interview featuring CEO David Caldwell is now available to investors via a link found on the homepage of the Golden Phoenix website at http://www.golden-phoenix.com/. Mr. Caldwell, who was interviewed on the AmatoTalk radio show, which airs in Southern California, discusses Golden Phoenix's core molybdenum operations at the Ashdown...

2008-08-14 15:00:47

SPARKS, Nev., Aug. 14 /PRNewswire-FirstCall/ -- Golden Phoenix Minerals, Inc. (BULLETIN BOARD: GPXM) today issued the following letter to shareholders, posting it on its website: http://www.golden-phoenix.com/. It follows in its entirety. Dear Fellow Shareholders: In keeping with my promise to communicate whenever we publish a Form 10-K or 10-Q, I want to share some observations to accompany our second quarter results for 2008. Most notably, the Ashdown Project LLC molybdenum mine...

2008-06-16 00:00:14

SPARKS, Nev., June 16 /PRNewswire-FirstCall/ -- Golden Phoenix Minerals, Inc. (BULLETIN BOARD: GPXM) reports that so far this year, the Ashdown Project LLC has generated sales of twelve lots of molybdenum concentrate, a 50% increase in the production rate compared to the same period in 2007. Increased concentrate production is attributed to sustained mining of high-grade ore and consistent mill operations. Mine equipment availability has improved and recent underground development has...

Word of the Day
  • Like a worm in form or movement; vermiform; tortuous or sinuous; also, writhing or wriggling.
  • Like the track or trace of a worm; appearing as if worm-eaten; vermiculate.
  • Marked with fine, close-set, wavy or tortuous lines of color; vermiculated.
  • A form of rusticated masonry which is so wrought as to appear thickly indented with worm-tracks.
This word ultimately comes from the Latin 'vermis,' worm.