PD rides copper wave
Stronger copper prices and fewer taxes enabled Phelps Dodge (PD-N) to more than double its profits in the third quarter.Net earnings in the three months ended Sept. 30 topped US$39.3 million (or US50…
News
Eaglecrest to extract bulk samples from San Simon
The presence of free, coarse-grained gold and difficulties related to the estimation of resources and reserves have prompted Eaglecrest Explorations (EEL-V) to extract large bulk samples from the San …
Gitennes faces legal hurdle at Virgen
A dispute between Cambior (CBJ-T) and the original owners of the Virgen gold property in Peru has created a stumbling block for Gitennes Exploration (GIT-T).In February, Cambior terminated its option …
Corriente hot on Mirador property
Recent drilling by Corriente Resources (CTQ-T) suggests that the Mirador project in Ecuador may represent a large copper-gold porphyry system with strong primary copper grades and a significant gold c…
Anaconda awaits scoping study for Magistral project
Anaconda Peru has completed the final four holes of a 26-hole, 8,500-metre drill program at the Magistral copper-molybdenum porphyry/skarn deposit, held by Inca Pacific Resources (IP-V).With this year…
Glamis operates low-cost producer
Mining and processing are under way at Glamis Gold’s (GLG-T) San Martin heap-leach mine in southern Honduras.Situated 80 km north of Tegucigalpa, San Martin is the first mine to enter production under…
Partners expand Bongara
Denver — Drilling by the Australian company Pasminco has encountered significant mineralization in nine of 16 holes at the Bongara zinc project in northern Peru.Bongara is a joint venture between Pas…
Brett gains high-grade Bolivian project
Though still subject to a 3-month due diligence review, Vancouver-based Brett Resources (BRN-V) has secured the right to acquire up to a 95% interest in the Victoria gold project in northern Bolivia, …
Seahawk
The first drill hole by Sulliden Exploration (SUE-T) at the Mario property, in the Peruvian department of Junin, has returned massive sulphide mineralization.The drill hole, the first in a 7-hole camp…
Producer and Dealer Prices (October 23, 2000)
Antimony: Mid-mkt US$1,730/t.Bismuth: Mid-mkt US$3.50/lb.Cadmium: Mid-mkt US$0.20/lb.Chromium: Mid-mkt ores US$65.00/t.Cobalt: Recent trades US$15.95-17.75/lb.Copper: Comex Dec. US$0.883/lb.Indium: In…
Golden Temple bags Mexican discovery
Vancouver-based Golden Temple Mining (GTM-V) has acquired a Mexican property covering a new massive sulphide discovery in a region not previously explored for this deposit type.The 3,198-ha Dios Me Ay…
Opawica-Barrick deal revised
Once again, Barrick Gold (ABX-T) and Opawica Explorations (OPW-T) have revised their agreement on the Valle del Cura and Santa Cruz properties in the Argentine Andes.The new deal sees Barrick take ove…