2005

Spot Prices Tuesday, Aug. 2, 2005 Courtesy of Scotiabank

Precious Metals Price (US$/oz.) Change
Gold $431.00 +6.50
Silver $7.24 +0.16
Platinum<...



Fortuna Operations Manager Jorge Ganoza Aicardi (centre) stands in front of the Animas vein portal with Caylloma staff. The vein has been explored by underground methods on two levels along a strike length of 1,800 metres.

Soft market delays new silver play

Vancouver-based Fortuna Silver Mines (FVI-V) is piecing together another financing after an initial attempt to raise money for the purchase and revitalization of the Caylloma silver…


Yamana Gold Exploration director Evandro Cintra (second from right) makes a point about structural control at the Sao Vicente open pit in Mato Grosso.

Fazenda Brasileiro a success for Yamana

Teofilandia, Brazil — When Yamana Gold (YRI-T, AUY-X) took over the Fazenda Brasileiro mine in Bahia state, Brazil, in 2003, it was betting on the principle that a gold mining comp…


Barrick Gold's Alto Chicama operation in Peru. The mine, now known as Lagunas Norte, is exempt from paying mining royalties until the government decides when the exemption expires. Lagunas Norte poured its first gold in mid-June and is expected to produce between 545,000 and 550,000 oz. gold in 2005 at total cash costs of roughly US$110 per oz.

Peruvian royalty proving problematic

Lima, Peru — Record international metals prices have been hugely profitable for Peru. They also brought with them a nasty surprise: mining royalties. Everyone, it seemed, wanted a slice of the pie. B…


Mistah Ona — he dead

The recent death of Francis Ona, leader of the Bougainville Revolutionary Army and the secessionist Me’ekamui Movement, brings to a close a major chapter in the sad tale of the South Pacific island of…


Before mining begins

— The following is an excerpt from Mining Explained, published by The Northern Miner….



Redcorp’s Tulsequah gets approval

Vancouver — Redcorp Ventures (RDV-T) has received final environmental approvals for its Tulsequah polymetallic project, situated about 95 km south of Atlin in northwestern British…


DRC approves terms for Tenke Fungurume

Vancouver — The transitional government of the Democratic Republic of Congo (DRC) has approved the terms of amended agreements that will govern future development of the renowned Tenke Fungurume copp…




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