Orvana gets its gold-copper mine rolling in Spain
Orvana Minerals (orv-t) got its northern Spanish El Valle-Boinas/Carles gold-copper mine and plant off the ground on May 31, and expects first shipment in June.
2011
Inmet Mining’s Balboa zone excites the market
A high-grade intercept of 124 metres of 2.32% copper and 2.28 grams gold per tonne in the Balboa zone at Inmet Mining’s (IMN-T) Cobre Panama project is making Balboa a “contender” UBS Investment Research associate analyst Matt Murphy wrote…
Augusta Resource makes headway at Rosemont Copper project
The preliminary draft Environment Impact Statement on Augusta Resource’s (AZC-T, AZC-X) Rosemont Copper project near Tucson in Arizona has been delivered by the Coronado National Forest to the State of Arizona and local cooperating agencies,…
Sabina sells Hackett, looks to gold for future growth
Nunavut-focused explorer Sabina Gold & Silver (SBB-T) has signed a definitive agreement to sell its 100%-owned Hackett River silver-zinc project, located near the Bathurst Inlet in southern Nunavut, to the Canadian arm of Swiss mining…
Chidliak flaunts four new kimberlite discoveries
During this year’s $17.7-million diamond exploration program at the Chidliak project in Nunavut, joint-venture partners Peregrine (PGD-T) and BHP Billiton (BHP-N, BLT-L) found four new kimberlites: CH-52, CH-53, CH-54 and CH-55.
Fortuna Silver Mines ahead of schedule at San Jose, Mexico
Fortuna Silver Mines (FVI-T) started building its San Jose underground mine in southern Mexico in the second quarter of 2010 and now says it can increase its start-up production rate from 750 tonnes per day to 1,000 tonnes per day.
Mahdia successfully bids for historic Omai gold mine
Mahdia Gold (MGD-C) has won the bid for Guyana’s famed Omai gold mine, which under operators Cambior Resources and Golden Star Resources (GSC-T, GSS-N) produced nearly 4 million gold oz. over 13 years starting from 1993.
Commentary: Don’t overlook U.S. tax consequences of cross-border mining investments (June 01, 2011)
Canadian-based mining companies investing in U.S. property need to be aware of various U.S. tax provisions that could affect their return on the future sale of this property.
Northland targets 2013 for first iron ore delivery
Northland Resources (NAU-T) is set to get its flagship Kaunisvaara iron ore project in northern Sweden off the ground in early 2013, with full production of 5 million tonnes of iron ore concentrate per year expected by 2014.
Majors pour billions into Eastern Canada
It’s not quite as exciting as a new mine built from scratch on a substantial mineral discovery but, in dollar terms, the recent expansions announced by majors active in eastern Canada all add up significant economic activity.
Monterde shows promise for Kimber Resources
Shares of Kimber Resources (KBR-T, KBX-X) jumped 9.2% or 15¢ to $1.78 today following news of the latest two assay results from the Carmen deposit at its Monterde project in Mexico.
TSX climbs during May 24-27 week
The abbreviated May 24-27 trading week saw the TSX Composite Index gain 145 points to close at 13,797.59. The lift came as the Bank of Canada contemplated interest-rate hikes, while the U.S. dollar fell on lower-than-expected U.S. consumer…