Quellaveco deposit undergoes study
A US$5-million study by Minorco has concluded that conventional flotation is the most attractive metallurgical option at the Quellaveco porphyry copper deposit in southern Peru.Minorco, whose subsidia…
1995
Golden Star gains West African play
Through its African subsidiary, Golden Star Resources (TSE) has increased its property holdings in Mali.Pan African Resources, the subsidiary, has acquired the Dioulafoundou project, which lies 170 km…
Cyprus Amax posts profit before pretax writedowns
New York-listed Cyprus Amax Minerals would have turned in its highest third-quarter earnings ever, were it not for one complication: During the 3-month period, the company announced it would take pret…
Silverado Mines advances Ester Dome gold project
Junior gold producer Silverado Mines (NASDAQ) is entering the final stage of drilling before placing the Ester Dome project into full production.The company previously operated the Grant gold mine on …
Mount Nansen passes environmental hurdle
The Regional Environmental Review Committee in the Yukon has delivered its screening report on the Mount Nansen gold project operated by BYG Natural Resources (TSE), clearing the way for possible prod…
Castle Mountain churns out profits
The Castle Mountain open-pit, heap-leach mine in San Bernardino Cty., Calif., continues to spin profits for 75% owner Viceroy Resources (TSE).Earnings for the six months ended Sept. 30 totaled $2.9 mi…
Companies snap up ground in Ontario’s Horwood Twp.
A land package of 109 claim units (about 17 sq. km) will be explored by Morgain Minerals (VSE) under separate agreements signed with two prospecting syndicates. The claims cover a recently discovered …
Nixon Forks pours its first gold in Alaska
Following summer construction at the Nixon Forks gold mine in Alaska, the mill circuit is up and running, flotation concentrates are being generated and the gravity circuit is producing its first gold…
Band-Ore, First Western cut sulphides in Ungava
Drilling of geophysical anomalies discovered in airborne surveys at the OBC property of Band-Ore Resources (CDN) and First Western Minerals (VSE) has intersected disseminated to semi-massive sulphide …
Canmine locates new zone
A new zone of copper-cobalt mineralization has been discovered by Canmine Resources (ASE) on a northwestern Ontario property it holds under option from Falconbridge (TSE).The property, at Werner Lake,…
Prime, Homestake home in on Red Mountain
Encouraged by preliminary trenching results from the Red Mountain area discovery near Stewart, B.C., Homestake Mining (NYSE) and Prime Resources Group (TSE) have moved to acquire an equity interest in…
INVESTMENT COMMENTARY — Kemess acquisition viewed as attractive for Royal Oak
Two investment houses have rated Royal Oak Mines (TSE) as a “buy,” based on the company’s recent acquisitions and the settlement the company has reached with the government of British Columbia for com…