Metals, mining and money markets
SPOT PRICESCourtesy of ScotiaBankFriday, June 26, 2012 Precious MetalsPrice…
News
Capstone unveils Minto expansion plan
A lot has changed since Vancouver-based Capstone Mining (CS-T) kick-started production at its Minto open-pit copper mine, 240 km north of Whitehorse, Yukon, in 2007. At the time the mine had an eight-year life and a throughput rate of 1,600…
Golden Reign digs Nueva Segovia in Nicaragua
Golden Reign Resources (GRR-V) wants to help return Nicaragua to its former vaunted status in the gold world.Before the Sandinista revolution of 1979, Nicaragua was one of Central America’s largest gold exporters.And…
More about cost overruns on capital development
I am an advocate of change for the better, as well as the preservation of those things that work well, but there seems to be a lack of good balance between the two these days when it comes to project development in mining. It seems to me that…
Haileybury School of Mines celebrates centenary
More than 200 alumni, faculty and friends gathered for a June weekend to celebrate the one-hundredth anniversary of the Haileybury School of Mines (HSM), including luminaries such as Mining Technologies International president and CEO Bob…
Sunward expands Titiribi resource to 4.6M+ oz. gold
Sunward Resources (SWD-T) believes it could be sitting on top of Colombia’s next gold district, and its latest resource estimate lends some credit to the notion.Its flagship wholly owned Titiribi gold-copper project is located in…
Torex chalks up another gold discovery at Morelos with Media Luna
Not content to sit on its multi-million-ounce, open-pit Morelos deposit, Toronto-based Torex Gold Resources (TXG-T) has again struck gold on its 290-sq.-km land concession 180 km southwest of Mexico City.Morelos already boasts a measured and…
Belo Sun outlines Volta Grande’s potential
Belo Sun Mining (BSX-T) has tabled an initial resource estimate for its newly delineated South Block area at the Volta Grande gold project in Brazil’s Para State.The estimate shows that the Pequi, Grande and Itata deposits host 4 million…
Market News
Toronto Stock Exchange
GTA gets the grade north of Superior
GTA Resources (GTA-V) caught the market’s attention in one fell swoop earlier this year with drill results from its aptly named Northshore gold project on the north shore of Lake Superior.The intercept spanned 150 metres grading 3.21…
New Gold starts up New Afton in BC
New Gold (NGD-T, NGD-N) brings online a fourth mine with the timely start up of its New Afton gold-copper mine, near Kamloops, B.C.
McEwen doubles resource at Los Azules
Indicated resources have more than doubled to 4.6 billion pounds of copper at McEwen Mining’s (MUX-T, MUX-N) Los Azules project in Argentina, while inferred resources have jumped 4% to 10.8 billion pounds of copper.