BHP boosts copper resources at Spence by 700%
Resources at BHP Billiton’s (BHP-N, BLT-L) Spence copper mine in northern Chile has grown by nearly 700%, following a four-year US$30-million brownfield exploration program.
South America
Exeter completes Caspiche prefeasibility
The Caspiche project in northern Chile’s Maricunga gold district has a pre-tax net present value at a 5% discount rate of US$2.8 billion and a pre-tax internal rate of return of 11.5%, according to Exeter Resource’s (XRC-T, XRA-X)…
U3O8 Corp. releases Berlin estimate
Drilling on the southern three kilometres of the Berlin project’s 10.5 km mineralized trend in Colombia demonstrates the continuity of uranium, vanadium, phosphate, rare earths and other metals, says U3O8 Corp (UWE-V), which has just released…
Kinross tumbles as it scrambles to cut costs
Kinross Gold’s shares fell 20% a day after the company said it’s reviewing its three growth projects to improve “capital allocation, project sequencing and investment returns.”
Panoro explores for riches in Peru’s heartland
It all started with a phone call. On the line was Standard Bank, looking to auction off some Peruvian properties after a joint venture between two majors had gone sour. On the other end of the line was Panoro Minerals (PML-V), which had worked…
Haywood honcho Tognetti spends $2.4M on more Mirasol shares
Argentina-focused silver explorer Mirasol Resources (MRZ-V) has received a welcome show of support from its largest shareholder, John Tognetti, who bought $2.4-million worth of shares and warrants as part of a $13.2-million private placement in…
Low cost recoveries lift U3O8 Corp.
Initial metallurgical testing at U3O8 Corp.’s (UWE-V) Berlin project in Colombia are in and the prospect of lower extraction costs had the company’s shares riding high.
Guyana Goldfields updates Aurora parameters
Guyana Goldfields (GUY-T) will release the findings of a definitive feasibility study on its Aurora gold project in late February following a four-week peer review, the company says, and a revised resource estimate will be out before the end of…
St. Elias falls on the drill
Disappointing drill results from the Tesoro gold project in Peru sent St. Elias Mines (SLI-V) shares tumbling on Wednesday.
Int’l Minerals to have 4 gold-silver projects at feasibility stage in 2012
International Minerals (IMZ-T) has completed a positive feasibility study for its 40% owned Inmaculada underground gold-silver project in southern Peru, where it anticipates annual gold and silver production totalling 194,000 oz….
Inmet’s Cobre Panama clears environmental hurdle
Inmet Mining (IMN-T) shares surged $3.12 apiece, or 4.76%, to close at $68.62 in the new year after the company announced that the Panamanian government has approved an environmental and social impact assessment for its Cobre Panama…
Anglo American meets organic growth milestones
Over the last year Anglo American (AAL-L) has commissioned three of its four major growth projects in three different metals: iron ore, nickel and copper.