Kinross Takes Writedown, Boosts Gold Production
Score it another writedown for the big boys.
Freeport-McMoRan Inc
Lundin loses US$957M in 2008
Vancouver – Lundin Mining (LUN-T) lost almost US$1 billion in 2008 and now carries US$267 million in debt followi…
HudBay And Lundin Kill Merger Plans
VANCOUVER — HudBay Minerals (HBM-T, HBMFF-O) and Lundin Mining (LUN-T, LMC-N) have officially cancelled their merger plans. The move, however, is no surprise because the deal had already been essenti…
Volta Defines Copper-Gold Resource In Burkina Faso
VANCOUVER — A few days after its joint-venture partner returned full ownership of the Gaoua coppergold property in Burkina Faso to Volta Resources (VTR-T, VLTAF-O), the junior announced a sizable ini…
Volta defines initial copper-gold resource in Burkina Faso
Vancouver – A few days after its joint-venture partner returned full ownership of the Gaoua copper-gold property …
Freeport Defends Phelps Takeover After US$13B Writedown
VANCOUVER — Impairment and goodwill charges primarily related to Freeport-McMoRan Copper & Gold’s (FCX-N) acquisition of Phelps Dodge in March 2007 have come back to haunt it with a US$13.9-billi…
Freeport defends Phelps takeover after US$14B net-loss
Vancouver – Impairment and goodwill charges primarily related to Freeport-McMoRan Copper & Gold’s (FCX-N) acquisiti…
Andina Riding High At Volcan
SITE VISIT COPIAPO, CHILE — Using its US$19 million in working capital, Andina Minerals (ADM-V, ADMNF-O) is moving forward on its advanced Volcan gold-sulphur exploration project here, high in the…
Exeter advances Caspiche and Cerro Moro
Copiapo, Chile — The road from the city of Copiapo to Exeter Resource’s (XRC-V, XRA-X) Caspiche gold-co…
Fortress Cuts High-Grade At Svetloye
Vancouver– Fortress Minerals (FST-V, FTMNF-o) has pulled a long and tantalizingly high-grade gold intercept from the Amy zone at its Svetloye property, 220 km southwest of Okhotsk, in Russia’s Far Ea…
Freeport-McMoRan To Run Lean In 2009
Vancouver– Freeport- McMoRan Copper & Gold (FCX-n) is making deep cuts to capital spending, nixing its dividend and chopping copper production by 5% in 2009 and by 11% in 2010.
Editorial: Nickel Cuts Hit Home
The steep fall in nickel prices since July finally translated into production cuts by the majors in Canada’s nickel camps during the week ended Dec. 6, the 49th trading week of 2008.