Auriga’s fresh take on an old mine
Auriga Gold (AIA-V) is putting its faith in Manitoba’s Flin Flon greenstone belt, as the company fast-tracks its Maverick gold project into production.
Volume 97 Number 7 Apr 4 - 10, 2011
Kipoi nears production
Tiger Resources (TGS-T, TGS-A) says commercial production will begin in April at its Kipoi copper project in the Democratic Republic of the Congo.
Odds ‘n’ Sods: Life in Kirkland Lake during World War II
The following is an excerpt from Michael Barnes’ new book: Gold in Kirkland Lake, published by General Store Publishing House, and available for $29.95 at www.gsph.com. Contact the author at www.barnes4books.com.
Market News (April 04, 2011)
Toronto Stock Exchange
Spot prices (April 04, 2011)
Tuesday, Mar. 29, 2011
Mediterranean shareholders force management shake-up
Dissident shareholders of Turkey-focused gold explorer Mediterranean Resources (MNR-T) appear to have forced the resignation of the company’s president and CEO, Peter Guest, aged 73. Newly appointed director Christopher Ecclestone of New York…
LME warehouse levels (April 04, 2011)
Metal stocks (in tonnes) held in London Metal Exchange warehouses at opening, Mar. 28, 2011 (change from Mar. 21 in brackets):
Sandspring’s high hopes for Toroparu in Guyana
Sandspring Resources (SSP-V) envisions annual production from its Toroparu project in Guyana of 310,000 oz. gold and 29 million lbs. copper in the first four years of operations, provided it can first raise the US$617 million needed for mine…
Zambian smelting shortfall a concern, Lundin says
When Phil Wright recently lashed out against Equinox Minerals’ (EQN-T, EQN-A) hostile takeover bid for Lundin Mining (LUN-T) in a conference call, the chief executive cited the shortage of Zambian smelting capacity as yet another project risk…
Chinese gov’t hikes rare-earth taxes
China’s Ministry of Finance and State Administration for Taxation will start levying a higher tax on rare earth elements (REE) mined in the country come April 1.
Kinross bids adieu to diamonds
While most Western miners cringe at the thought of investing in mineral projects in Russia, Kinross Gold continues to be an exception to the rule.
People (April 04, 2011)
Argentex Mining – Peter Ball appointed executive VP of corporate development.