Volume 98 Number 37 Oct 29 - Nov 4, 2012

Ore stockpiled at MBAC Fertilizer's pilot plant at the Araxa REE-niobium-phosphate project in Minas Gerais, Brazil. By MBAC Fertilizer.

MBAC advances shallow REO deposit in Brazil

Toronto-based MBAC Fertilizer (MBC-T, MBCFF-O) has carved out a near-surface and high-grade rare earth oxide deposit that includes niobium and phosphate in the municipality of Araxa in Brazil’s Minas Gerais state and plans to complete a…


Drillers at Malaga's Pasto Bueno tungsten mine in Peru in late 2010. By Trish Saywell.

Malaga plummets after production halt

Malaga (MLG-T) shares lost a third of their value after the company suspended production at its Pasto Bueno tungsten plant in Peru, as it wrestles to keep costs down following a recent power outage at its underground operation.



ATAC finds more Carlin-style mineralization

ATAC Resources (ATC-V) says it has discovered a third area with Carlin-type gold mineralization at its Pharaoh target in the Yukon. This find is the junior’s second gold discovery this year.


An aerial view of the facilities at Osisko Mining's Canadian Malartic gold mine in Quebec. By Daniel Rompr.

Osisko quietly stakes 10,000 sq. km in Mexico

Press releases from Osisko Mining (OSK-T) were coming fast and furious in mid-October, with announcements that the company has produced its half-millionth ounce of gold from its flagship Canadian Malartic mine in Malartic, Que., and another…


Fortuna’s 2012 looking good

Fortuna Silver Mines (FVI-T, FSM-N) says it is set to beat its full-year forecast, helped by record third-quarter production. The Vancouver-based firm is targeting 3.7 million oz. silver and 17,400 oz. gold this year, and by the end of…


Corrections

In the article “Soltoro picks low-hanging fruit in Jalisco” (T.N.M., Oct. 22–28/12,) an investor was incorrectly identified as Soltoro’s vice-president of exploration in the photo caption on page 12. 




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