El Morro hits a road bump
Following the Chilean Supreme Court’s move to temporarily suspend the environmental permit for the El Morro copper-gold project, an analyst says the project should be shelved until the next decade.
Copper
More hot water for Baja Mining
Without additional funding by mid-June, the advanced-stage Boleo project in Mexico will be suspended, Baja Mining (BAJ-T) has warned shareholders. The announcement comes two weeks after the company declared a 22% increase in funding…
Revamped Virgin Metals improving Los Verdes
VANCOUVER — Back in 2008 Virgin Metals (VGM-V) was banking big on the high molybdenum price, marketing its advanced Los Verdes deposit in Mexico’s Sonora State as an exciting moly play and trying to rush it towards production.
Redhawk Resources adds tonnes at Copper Creek
VANCOUVER — Redhawk Resources (RDK-V) has seen a more than 175% increase in the total resource at its Copper Creek copper-molybdenum-silver project in Arizona with a new estimate.
Will cost inflation challenge supply growth?
Capex costs in the copper mining industry rose 33% on average in the fourth quarter of last year leaving in their wake “no shortage of examples of cost blow outs this year,” Barclay’s commodities research team pens in a new…
More hot water for Baja Mining
Without additional funding by mid-June, the advanced-stage Boleo project in Mexico will have to be suspended, Baja Mining (BAJ-T, BAJFF-O) has warned shareholders. The announcement comes two weeks after the company declared a 22% increase in…
Foran jumps into action in Saskatchewan
Foran Mining (FOM-V) is gaining steam at its flagship McIlvenna Bay volcanogenic massive sulphide (VMS) project in Saskatchewan, west of Flin Flon, Man.
Lundin to bring Touro back to its copper roots
Lundin Mining (LUN-T) wants to give an old copper mine in Spain its identity back.
VMS Ventures looking to repeat Reed success
Manitoba’s Flin Flon greenstone belt has been yielding high-grade copper and zinc from its volcanogenic massive sulphide orebodies for almost 85 years, and VMS Ventures (VMS-V) thinks there’s a lot more mineralization to be found.
Sunridge unveils Asmara North hybrid mine plan
VANCOUVER — Vancouver-based junior Sunridge Gold (SGC-V) successfully merged four-polymetallic deposits at its Asmara North project in Eritrea, Africa, into a centralized-mill mine model for a feasibility study, it released in early…
Bolero jumps on graphite trend
VANCOUVER — Proving there is still healthy demand for new graphite plays, new entrant Bolero Resources’ (BRU-V) share price nearly doubled after announcing it had secured some prospective graphite claims in northern Ontario.
Altan Rio sees potential in Mongolia
VANCOUVER — Having assembled a collection of greenfield copper-gold prospects in Mongolia’s western frontier, Vancouver-based explorer Altan Rio Minerals (AMO-V) is aiming to take the next step forward with a US$2-million drilling…