Volume 99 Number 17 Jun 10 - 16, 2013

Workers dig a trench at Focus Ventures and Stonegate Agricom's Mantaro phosphate project in Peru. Source: Focus Ventures

Focus Ventures adds phosphate project

Peru may be best known for its rich endowment of gold and silver deposits, but the South American nation could also become a player in producing phosphates, Focus Ventures (FCV-V) believes.

BHP Billiton's majority-owned Escondida copper mine in northern Chile's Atacama desert. Source: BHP Billiton

Chile’s mining challenges

VANCOUVER — As the world’s largest copper producer and a top-five producer of molybdenum and silver, Chile is a mining powerhouse. And with more than $70 billion in mining investment expected to lift copper production by 45% over…

U.S. markets, May 27-31

U.S. markets were closed for the Memorial Day holiday on May 27, and when trading resumed equities were volatile for the rest of the week, rising one day only to fall the next on mixed news. Markets initially rose on Tuesday after Japanese and…

TSX Venture Exchange, May 27-31

The S&P/TSX Venture Composite Index continued to mount a bit of a rally during the trading sessions, posting a 14.09-point, or 1.5% increase, en route to a 962.41 weekly close. The index was boosted by stronger-than-expected economic…

Ball mills at Scorpio Mining's Nuestra Senora polymetallic mine in Mexico. Source: Scorpio Mining

PEA outlines Scorpio’s mine-expansion plans

VANCOUVER — Scorpio Mining (SPM-T) has faced more than a few challenges over the last year, starting with the need to downsize the resource at its Nuestra Senora deposit when mining revealed more geologic variations than expected. Soon…

An ore storage dome at the Detour Lake mine in Ontario. Source: Detour Gold

Detour turns to equity markets as share price falls 65%

VANCOUVER — The soup has gotten a lot thinner for many companies in recent months, with falling metal prices and skittish investors driving equity valuations down across the board. And that reality set in for newly minted Canadian…


The story “Geoscience B.C. lures stakers to North Vancouver Island” (T.N.M., June 3–9/13) incorrectly stated the mineral resource for NorthIsle Copper and Gold’s Hushamu deposit. In fact, Hushamu contains an indicated…

The high-grade copper oxide zone at NGEx Resources' Filo del Sol project on the Chile-Argentina border. Sources: NGEx Resources

NGEx wraps up campaign with high-grade hit

VANCOUVER — Copper explorer NGEx Resources (NGQ-T) capped off a busy drill season in April, with the Vancouver-based company completing 44,000 metres over a promising property package that straddles the Chile-Argentina border, southeast…

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