Long gold hits at Condor for Ecuador Gold and Copper
VANCOUVER — A 10,000-metre drill program at the Condor copper-gold project in southeast Ecuador is returning long, mineralized intercepts for Ecuador Gold and Copper (EGX-V).
Copper
Wall Street ends on a high note
U.S. stocks ended in positive territory during the March 4–8 trading week, helped by strong jobs data.
First Quantum’s annual profit hit by lower copper prices
VANCOUVER — Despite a 16% year-on-year jump in copper production Vancouver-based First Quantum Minerals (FM-T, FQM-L) told a familiar story during an annual report on its 2012 fiscal year: falling average realized copper prices and rising…
“This is the beginning of the African decade,” says Robert Friedland
Shares of Ivanplats (IVP-T) began trading on the Toronto Stock Exchange in October 2012, but the company, founded by Singapore-based mining entrepreneur Robert Friedland, has been exploring in Africa since 1994. Today Ivanplats has discoveries…
Thompson Creek looks challenges in the eye
First the good news: Thompson Creek Metals (TCM-T, TC-N) says it has enough cash to finish building its recently acquired Mount Milligan copper-gold mine project near Prince George, B.C., and that the project remains on target for start-up in…
The high-stakes world of Papua New Guinea mining
PORT MORESBY, PAPUA NEW GUINEA — Rising out of the sea at the collision of the Pacific and Indo-Australian tectonic plates, Papua New Guinea is the stuff of legend for both its geological potential and punishing working environment.
Florence prefeasibility lifts Curis
VANCOUVER — Curis Resources (CUV-T) bucked two of the mining sector’s most persistent problems — creeping capital costs and rising operating expenses — with a prefeasibility study for its Florence copper project in…
Taking a closer look at Taseko’s options
Taseko Mines (TKO-T, TGB-X) could become a consolidator in B.C., or prey to companies like Lundin Mining (LUN-T), Capstone Mining (CS-T) or Teck Resources (TCK-T, TCK-N), Christopher Chang of Laurentian Bank Securities argues.
Inmet boosts copper reserves as First Quantum bid looms
VANCOUVER — As its future hangs in the balance, Canadian base metals producer Inmet Mining (IMN-T) increased its value with a global resource update on Feb. 11, which was highlighted by a 22% jump in proven-and-probable copper reserves.
A giant stirs in Bougainville
PANGUNA, BOUGAINVILLE — After more than 20 years in limbo, the small Papua New Guinea island of Bougainville is closer than ever to reopening the infamous Panguna mine.
Barrick takes US$3.8B writedown on Lumwana
VANCOUVER — Copper isn’t turning out to be the growth avenue Barrick Gold (ABX-T, ABX-N) hoped it would be.
Panoro on track at Cotabambas
CUSCO, PERU — With a large copper-gold-silver resource in its pocket at the Cotabambas project in the Peruvian Andes, Vancouver-based explorer Panoro Minerals (PML-V) is viewing 2013 as a turning point that could see the company…