Volume 98 Number 31 Sep 17 - 23, 2012

Midas Gold director John Wakeford looks at core at the Golden Meadows gold project in Idaho. Photo by Midas Gold

Midas’ golden dreams for Golden Meadows

Midas Gold (MAX-T) has outlined a positive preliminary economic assessment (PEA) for its Golden Meadows gold project in Idaho, 153 km northeast of Boise.“It’s a very mining-friendly jurisdiction,” Stephen Quin,…


An aerial view of a drill pad at Torex Gold Resources' Morelos project in Mexico. Photo by Torex Gold Resources

Torex plans 2015 start-up for Morelos

Torex Gold Resources (TXG-T) shares saw heavy trading after the company released a bankable feasibility study for its Morelos project in Mexico’s prolific Guerrero gold belt, as well as more drill results from the project’s…


Editorial: A season for tough decisions

September is always a pivotal month in the business year, with eight months of recent asset performance to sift through and a need to plan for the year ahead. It’s a time for many to take a cold look at whether business units have lived…


People

Athabasca Uranium — Paula Rogers appointed a director.Atlanta Gold — Wm. Ernest Simmons appointed president and CEO.Aura Minerals — Britt Reid departed as executive VP and COO.Canadian Electrolytic Zinc — Eva Carissimi…


A headframe at Lundin Mining's Neves-Corvo pollymetallic mine, 100 km north of Faro, Portugal. Photo by Lundin Mining

Lundin bets on exploration at Neves-Corvo

On Sept. 4 Toronto-based producer Lundin Mining (LUN-T) released results from an expansive, 90,000-metre resource drill program at its wholly owned Neves-Corvo polymetallic mine — including copper, zinc, lead, silver and gold — 100…


Workers drilling in the pit at Petaquilla Minerals' Molejon gold mine in Panama, 130 km west of Panama City. Photo by Petaquilla Minerals

Inmet bids for Petaquilla

In what looks like a move to tidy up the neighbourhood, Inmet Mining (IMN-T) is offering to buy Petaquilla Minerals (PTQ-T) for $112 million in cash or equity. Petaquilla operates the Molejon gold mine in Panama, adjacent to Inmet’s Cobre…


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