First Quantum ups interest in Equinox to 17%
First Quantum Minerals (FM-T, FQM-L) is quietly buying up shares of fellow copper miner Equinox Minerals (EQN-T, EQXMF-O) for “investment purposes,” it says.
News
Goldcorp building Penasquito bigger, sooner
Vancouver — Goldcorp (G-T, GG-N) is expanding the Penasquito mine in Mexico before it’s even built, announcing a plan to increase mill throughput by 30% and accelerate the project development schedul…
Western Cdn Coal lines up $40M
Vancouver — In urgent need of dollars, Western Canadian Coal (WTN-T, WTN-L) has completed a $40-million financing to avert a cash crunch following its recent quarterly loss of almost $44 million.
GFMS: silver to rise in 2008
METALS COMMENTARY
Report examines Chinese- dominated rare earth industry
A new study issued by London-based information service Roskill, looks at China’s powerful position as the dominant global supplier of rare earth metals and yttrium.
People (December 24, 2007)
Aeroquest International — Gordon West has resigned as director; David Myers appointed director.
Castillian expands nickel-copper deposit
Due to lab delays, Castillian Resources (CT-V, CTIIF-O) may have to wait until the beginning of 2008 for a resource estimate on its Las Aguilias nickel-copper-platinum group element project, in Argent…
Scoping study adds 12 years to Anatolia’s Copler gold mine
Even though a scoping study on the sulphide portion of Anatolia Minerals Development’s (ANO-T) Copler gold project …
Silvermex Resources updates San Marcial silver property
For most of the last five centuries, Mexico has been the world’s largest silver producer much of it coming from t…
Andean American reports new result at Invicta in Peru
Additional infill diamond drilling at Andean American Mining’s (AAG-V) Invicta exploration project in Peru, has yie…
Good gold grades from Northgate’s Young-Davidson (December 21, 2007)
Vancouver – As if to offset its setback at Kemess North, Northgate Minerals (NGX-V) is pulling strong gold grades o…
Nautilus takes three steps forward
Vancouver – Nautilus Minerals (NUS-V) is three steps closer to its goal of mining the sea floor off the coast of Pa…