Plot thickens in battle for Inco
Brazilian iron ore giant Companhia Vale do Rio Doce (CVRD) (RIO-N) has turned up the heat in the battle for control of Inco (N-T, N-N) with an all-cash bid of $86.00 per share….
South America
Greystar updates Angostura resource
Vancouver — Greystar Resources (GSL-T, GYSLF-O, GSL-L) has delivered an updated resource estimate for its large Angostura gold-silver deposit in northeastern Colombia….
Court backs Shahuindo arbitration
The Civil Court of Lima has issued an injunction ordering Minera Algamarca and Exploraciones Algamarca to return the Shahuindo silver-gold mining concession in Peru to Sulliden Resources (SUE-T, EXSDF…
Management at Escondida digs in
BHP Billiton (BHP-N, BLT-L), the largest stake holder in Escondida, the world’s largest copper mine, has broken off…
Yamana looks to get bigger in South America
In an effort to become a more dominant gold play in South America, Yamana Gold (YRI-T, AUY-X, YAU-L) has announced …
Higher gold prices help offset declining production for Royal Gold
Vancouver – Royalties covering a global portfolio of gold mines generated record revenues of US$28.4 million for R…
Silver Standard boosts resources at Pitarrilla
Vancouver – An exceptional drill intersection has topped off a 116% increase in resources for Silver Standard Reso…
New World drills wide intercept at Lipea (August 14, 2006)
Vancouver — Initial drilling by New World Resource (NW-V, NWFFF-O) on its Lipea project in southwestern Bolivia has returned a wide intercept of copper, gold and silver mineralization….
Pan American cuts costs, boosts production and earnings
The second quarter of 2006 was another record-breaking quarter for Pan American Silver (PAA-T, PAAS-Q), which posted a 201% increase in net earnings to US$15 million, or 21 per share, from US$5 milli…
CVRD joins Inco bidding war
The takeover battle for Inco (N-T, N-N) is heating up, with Brazil’s Companhia Vale do Rio Doce (CVRD) (RIO-N) emer…
Coastport-Cornerstone tap new zone of high-grade copper at La Plata
Vancouver – In wrapping up its Phase 1 drill program, joint venture partners Cornerstone Capital Resources (CGP-V, …
Corriente to spin-off Ecuador gold assets
Vancouver – Based on a recent review of its property holdings in Ecuador, Corriente Resources (CTQ-T, ETQ-X) is dr…