They say for every mine successfully put into production, 1,000 other geological prospects are tested and found lacking. Notwithstanding the small probability of achieving just one success over a life-long career in mining, a small group of…
Lupaka Gold (LPK-T) now indirectly owns 100% of the Crucero gold project in southeastern Peru, after buying the remaining 40% stake of a subsidiary that held the deposit for US$9.2 million in cash and stock.
Infill drilling at Quadra FNX Mining’s (QUX-T) polymetallic Victoria project in Sudbury, Ont., has increased inferred resource tonnage by 16% and raised by 32%, 26% and 4% its contained nickel, copper and total precious metals, respectively,…
The Caspiche gold-copper project in northern Chile’s Maricunga gold district has a US$2.8-billion pre-tax net present value at a 5% discount rate and a pre-tax internal rate of return of 11.5%, according to Exeter Resource’s (XRC-T, XRA-X) new…
Prophecy Coal (PCY-T) has outlined the feasibility of its plan to unlock value from its Chandgana coal deposit in northern Mongolia by building a 600-megawatt thermal power plant.
Rio Tinto (RIO-N, RIO-L) is moving ever closer to increasing its stake in the Oyu Tolgoi copper-gold deposit in Mongolia through Ivanhoe Mines’ (IVN-T, IVN-N) equity.
Showing just how hard it is these days to find high-quality primary silver prospects to buy, Pan American Silver has turned some silver bugs’ heads by easing up on its long-held silver purity and tabling a friendly $1.5-billion offer for the…
The first article in this series (TNM Dec. 5-11, 2011) examined what a royalty is, the different ways it can be structured and used and its history in Canadian mining. The series continues with a look at which royalty structure is appropriate…
A report by Thomson Reuters-owned metal market analysis firm GFMS predicts the price of gold will rally to all-time highs later this year before reaching the closing stages of its decade-long bull run sometime in 2013.
The Western Australian government’s decision to expand capacity at the Esperance port will benefit companies like Macarthur Minerals (MMS-T, MMSDF-O) and others active in the emerging iron ore sector in the Yilgarn area.
The passage of a law that allows the use of chemicals including sodium cyanide in mineral processing lifts the prospects of advancing Pan American Silver’s (PAA-T, PAS-Q) Calcatreu gold project in Argentina’s Rio Negro province.
Finning to buy Caterpillar units
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