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News August 8, 2005

Fording bullish about coal’s prospects

Vancouver — Despite recent production cuts by several major steel companies, metallurgical coal producers expect supplies to remain tight and prices high, at least into 2006. Among those bullish abou…

Barrick Gold's Alto Chicama operation in Peru. The mine, now known as Lagunas Norte, is exempt from paying mining royalties until the government decides when the exemption expires. Lagunas Norte poured its first gold in mid-June and is expected to produce between 545,000 and 550,000 oz. gold in 2005 at total cash costs of roughly US$110 per oz.

News August 8, 2005

Peruvian royalty proving problematic

Lima, Peru — Record international metals prices have been hugely profitable for Peru. They also brought with them a nasty surprise: mining royalties. Everyone, it seemed, wanted a slice of the pie. B…

Yamana Gold Exploration director Evandro Cintra (second from right) makes a point about structural control at the Sao Vicente open pit in Mato Grosso.

News August 8, 2005

Fazenda Brasileiro a success for Yamana

Teofilandia, Brazil — When Yamana Gold (YRI-T, AUY-X) took over the Fazenda Brasileiro mine in Bahia state, Brazil, in 2003, it was betting on the principle that a gold mining comp…

Fortuna Operations Manager Jorge Ganoza Aicardi (centre) stands in front of the Animas vein portal with Caylloma staff. The vein has been explored by underground methods on two levels along a strike length of 1,800 metres.

News August 8, 2005

Soft market delays new silver play

Vancouver-based Fortuna Silver Mines (FVI-V) is piecing together another financing after an initial attempt to raise money for the purchase and revitalization of the Caylloma silver…

News August 8, 2005