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News August 8, 2005

Toronto miners droop during earnings season

Toronto stocks survived a late stumble to finish the holiday-shortened July 26-29 report period 60.38 points better at a multi-year high of 10,422.93. The S&P-TSX Canadian Gold Index reversed cour…

From left: Brian Baird, head of mine planning with Melbourne-based BHP Billiton; McGill University Professor Roussos Dimitrakopoulos; and Michael Eamon, head of hydrometallurgy and technology with BHP Billiton. The company acknowledged the work of Dimitrakopoulos at recent a ceremony where it presented the professor with $800,000 for further research.

News August 8, 2005

McGill mines mineral expert

Renowned scholar Roussos Dimitrakopoulos has joined McGill University in Montreal to pursue his ongoing research into mine engineering….

Chris Fleming, Vice-President of Global Metallurgy with SGS Lakefield.

News August 8, 2005

SGS Lakefield feeds on MinnovEX

SGS Lakefield Research, a unit of Geneva-based Socit Gnrale de Surveillance (SGS) Group, has become an even bigger fish after swallowing Toronto-based metallurgical firm MinnovEX Technologies. Ter…

News August 8, 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.

News August 8, 2005

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.

News August 8, 2005

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.

News August 8, 2005

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…

News August 8, 2005

Fording bullish about coal’s prospects

Vancouver — Despite recent production cuts by several major steel companies, metallurgical coal producers expect supplies to remain tight and prices high, at least into 2006. Among those bullish abou…

News August 8, 2005

Southern Arc picks prospects in Indonesia

Vancouver — Canadian junior companies are a rare sight in Indonesia since the Busang “gold” deposit went bust in 1997, but for the few contrarians in the game, the dearth of competition means more op…

News August 8, 2005

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…

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