Billiton unit ties up Newfoundland land package
A unit of London-based Billiton has signed joint-venture agreements with several Canadian juniors collectively holding 343 sq. km of prospective ground in the Buchans area of central Newfoundland.The …
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LATIN AMERICA — Barrick’s Latin American growth plans include Pierina, Pascua, Lama
While Nevada’s Carlin trend remains the cornerstone of Barrick Gold’s (ABX-T) gold mining empire, Latin America appears to be prodiving the company with a steady stream of exploration and development …
Philex racks up more losses
Plummeting production at its Philippine operations has resulted in the third straight quarterly loss for Philex Gold (PGI-T).For the 3-month period ended June 30, the Toronto-based company posted a ne…
LATIN AMERICA — Hecla Mining advances projects in Mexico, Peru
Idaho-based Hecla Mining (HL-N) has commenced drilling on two properties, in Mexico and Peru, while beginning exploration on a third, in Chile.Drills are turning at the Noche Buena property in the nor…
LATIN AMERICA — Francisco Gold progresses at El Sauzal
With $38 million in the till and an $8-million exploration budget, Francisco Gold (FGX-V) has decided to focus its efforts on the El Sauzal gold deposit in northern Mexico.The deposit forms part of th…
LATIN AMERICA — Gross Rosebel sits and waits for gold’s rebound
Although the Omai gold mine in Guyana is up and running, the comparable Gross Rosebel project in neighboring Surinam sits idle — a situation that can only be explained by bad timing.”We missed a wind…
LATIN AMERICA — SX-EW takes hold in Latin American camps
In tough times for copper, big operations have to find refuge in low production costs. This is especially true of large porphyry copper projects, where low grades mean that big savings per tonne of or…
LATIN AMERICA — Black Hawk cutting costs at El Limon
An amalgamation with Triton Mining, executed earlier this year, has provided Black Hawk Mining (BHK-T) with a gold mining operation in Nicaragua and various exploration projects in Latin America, incl…
LATIN AMERICA — Golden Peaks targets veins in Argentina
Two Vancouver-based juniors, Golden Peaks Resources (GL-V) and Primo Resources (PRI-V), have teamed with Mitsubishi of Japan to explore for gold and silver in northwestern Argentina.The joint venture …
LATIN AMERICA — Campbell explores near San Gertrudis
Despite the dramatic drop in the price of gold since last fall, Campbell Resources (CCH-T) has reported 6-month figures similar to those it recorded before the market took a dive.During the first six …
LATIN AMERICA — Geomaque lowers costs at San Francisco mine
With year-to-date losses totalling a mere US$74,000, Geomaque Explorations (GEO-T) appears to be withstanding the industry downturn by keeping a close eye on costs at the San Francisco gold mine in no…
LATIN AMERICA — Production up at Velardena
Development at the Velardena mine of Ecu Gold Mining (ECU-M) continues apace, with the mill processing stockpiled ore.Throughput in the second quarter was 29,996 tonnes, up from 17,184 tonnes in the f…