News

Peru will produce 5% more copper in 2004 than in 2003, or roughly 881,000 tonnes, worth an estimated US$1.2 billion. The prediction comes from the country’s National Society of Energy, Mining and Petroleum, based in Lima.

Bruce Alway, a precious metals analyst with Gold Fields Mineral Services, will discuss Gold Survey 2004 on April 16 at the Sheraton Centre in Toronto.

Antimony: Mid-mkt US$2,950/t.

In our April 2-8 issue, we said the proposed Rock Creek copper-silver mine is in northern Idaho. The correct location is Montana. Rock Creek is owned by Sterling Mining Co. (SRLM-USOTC).

Precious MetalsPrice (US$/oz.)Change…

The following is based on a talk given by Kamal Naqvi at the recent annual convention of the Prospectors & Developers Association of Canada, held in Toronto.

Following positive early sampling results, Goldeye Explorations (GGY-V) plans to open an exploration drift on the Sonia gold and silver prospect in central Chile.

Vancouver — Drilling by First Point Minerals (FPX-V) at the Rio Luna property in Nicaragua has intersected a stockwork zone of high-grade gold mineralization near the surface. The 2,000-metre, 15-hole program is testing the Bal…

With assay results in hand from an additional 21 holes, Imperial Metals () is expected to release an updated reserve and resource statement for its wholly owned Mount Polley copper-gold project in central British Columbia.

Dublin-based Minmet intends to spin off its assets in the Dominican Republic for flotation on the TSX Venture Exchange via a reverse-takeover by Ontario-based Wellington Cove Explorations.

What a difference a year can make, especially for those involved in the mining and exploration business. In 2002, commodity prices were languishing and the treasuries of most companies were dwindling. These factors combined to stall exploration on…