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Pangea, Sundust hit gold zone in Peru

Recent drilling on the Victoria project in Peru has outlined a new zone of significant gold mineralization.The project is a joint venture between Pangea Goldfields (PDG-T) and Sundust Resources (SUN-M…


Tenke raises funds for Fungurume

Junior Tenke Mining (TNK-T) will borrow US$127 million from Investec Bank of South Africa for the first phase of development work at the Tenke Fungurume copper-Cobalt project in the Democratic Republi…




Faro mine suspension takes toll on Anvil Range

The last fiscal year was a difficult one for Anvil Range Mining (ARO-T), owner and operator of the mothballed Faro zinc-lead mine in the Yukon.The Toronto-based firm reported a loss of $35.3 million (…


FACTS AND FIGURES — Silver inventories dwindling

The silver price was, at best, flat during the first four months of 1997, leading some observers to wonder if something is wrong with the market. The new supply of silver from mines, scrap and other s…




ASIAN EXPLORATION — Freeport fights suit

Freeport McMoRan Copper & Gold (FCX-N) will file motions in U.S. courts that seek to dismiss a US$6-billion lawsuit over alleged human rights abuses near the Grasberg gold mine in Irian Jaya, Indonesi…



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