Entre takes the long view in Mongolia
Ulaanbaatar — The introduction of windfall taxes on gold and copper last spring coupled with talk of government earn-ins on “strategic” deposits stopped many foreign exploration companies in Mongolia…
Gold
Freeport to swallow Phelps
If shareholders give the go-ahead, Freeport-McMoRan Copper & Gold’s (FCX-N) proposed takeover of Phelps Dodge (PD-N) will create the world’s largest publicly traded copper company and the largest …
New Gold outlines deep zone at Afton
Vancouver — Underground drilling at New Gold’s (NGD-T, NGD-X) New Afton project near Kamloops, B.C., is confirming a new, deep zone of copper mineralization beneath the existing resource.
Queenston cuts new gold at Upper Beaver
Drill holes north of the established mineralization at the Upper Beaver gold property in Gauthier Twp., about 20 km east of Kirkland Lake, Ont., have intersected gold on two previously unknown mineral…
Aurizon gold mine almost ready
Vancouver-based Aurizon Mines (ARZ-T, AZK-X) is about to begin operations at its Casa Berardi gold mine in the Abitibi region of Quebec with just a few jobs left to cross off its preproduction checkli…
More gold at Palmarejo’s Guadalupe
Vancouver — Deep drilling by Palmarejo Silver and Gold (PJO-V, PJOFF-O) on its Guadalupe project in Chihuahua state, Mexico has tapped into a zone of high-grade gold mineralization.
Newmont ups earnings
Third-quarter earnings at Newmont Mining (NEM-N, NMC-T) grew by 57% year-on-year thanks to the rising gold price.
Editorial: Friedman’s fight for freedom
We note the passing this week of the great American economist, libertarian and public thinker Milton Friedman, who died at the age 94 in San Francisco, of all places, where he was a senior research fe…
Civil unrest gives way to fragile peace in Kyrgyzstan
While the signature of Kyrgyzstan’s president on constitutional reforms has — at least for the moment — quelled the raucous opposition gathering at the gates of the central Asian state’s parliament,…
Queenstake Q3 disappoints
Vancouver — Reduced gold production coupled with higher commodity and labour costs pushed Queenstake Resources (QRL-T, QEE-X) to its worst quarterly performance since acquiring the Jerritt Canyon min…
Crew buys Nugget Pond for Nalunaq ore (November 27, 2006)
Crew Gold (CRU-T, CRUGF-O) has struck a deal to buy the dormant Nugget Pond gold mill in Newfoundland from New Island Resources (NIS-V, NIREF-O) so that it can process ore from its Nalunaq gold mine i…
Metallica, Xstrata upgrade El Morro copper-gold resource (November 27, 2006)
Metallica Resources (MR-T, MRB-X) has announced a substantial upgrading of its La Fortuna copper-gold deposit at its El Morro project in Chile.