Antamina producing ahead of schedule
With base metal prices at multi-year lows, this is not a good time to be coming to market with new production. Nonetheless, the huge Antamina copper-zinc project in Peru achieved commercial production…
Noranda Inc
Santoy, Fairfield test copper-platinum-palladium play
Platinum and palladium are not typically associated with Mexico, but that hasn’t swayed Santoy Resources (SAN-V) and Fairfield Minerals (FFD-T) from searching for the metals at their Tropico project o…
Noranda closes El Pachon acquisition
Noranda (NRD-T) has completed its US$30-million purchase of the El Pachon copper deposit from equal owners Cambior (CBJ-T) and Bolivian-based Minera. The project is 185 km west of San Juan, Argentina….
Noranda tables La Fortuna resource
Having inferred a sizable resource, Noranda (NRD-T) has decided to drill an additional 12,000 metres at the El Morro copper-gold project in north-central Chile.Resources in the La Fortuna zone are peg…
Pasminco appoints administrator
Troubled Australian zinc producer Pasminco has appointed an administrator to take over the company’s affairs after a standstill agreement with the company’s creditors broke down in September.Pasminco,…
Noranda takes down placement in Metallica
Denver — As part of a revised joint-venture agreement for the El Morro copper project in northern Chile, Noranda (NRD-T) will buy US$1 million worth of shares in Metallica Resources (MR-T).Noranda wi…
Northgate pulls hot holes near Kemess
Vancouver — Northgate Exploration (NGX-T) has cut some impressive gold and copper grades at the Kemess North project in north-central British Columbia. The deposit is about 5 km north of the producin…
Currency hedges hit earnings in Australia
A local currency that had lost a fifth of its value against the U.S. dollar might have been expected to help local commodity producers make near-windfall profits, as costs stayed static and revenues t…
Canadian Arrow has quite a history
I searched the Internet for information about shares in a mine called Golden Arrow Mines Limited. My father lived in New York when he was a kid. He got some shares in this company from his mother befo…
Maude Lake busy at Comtois
Montreal-based Maude Lake Exploration (MAU-M) has signed an option agreement with Newmont Mining (NEM-N) that will allow the junior to acquire a 95% interest in a 15-claim property north of, and conti…
Red Cliff confirms mineralized horizon
A 6-hole program by optionee Noranda (NRD-T) at the Red Cliff copper prospect in Newfoundland has confirmed copper-silver values in a mineralized horizon exposed at the Blue Point showing.Noranda, whi…
Cambior’s loss widens in quarter
Lower realized gold prices in the second quarter frustrated Cambior’s (CBJ-T) ongoing efforts to recover from a hedge book gone wrong in 1999.During the three months ended June 30, the company suffere…