Stillwater reports rosy second quarter
Record production and earnings made for a profitable second quarter for Stillwater Mining (SWC-X), though its hedging policy kept the company from reaching the maximum value of its namesake platinum-p…
News
Southern Africa Minerals active in Botswana, Quebec Quinsam lays off workers
Southern Africa Minerals (SAF-T) has recovered microdiamonds from its wholly owned Mosomane property in Botswana.Three micros were recovered from a 43.5-kg sample taken from a trench dug about 7 metre…
KazMinco, BHP sign agreement for Agadyr licence in Kazakstan
Kazakhstan Minerals (KMC.U.-T) and a subsidiary of Broken Hill Proprietary (BHP-N) have concluded terms granting the latter an option to explore the Agadyr licence in central Kazakstan.The licence, wh…
Lomas Bayas produces copper
Boliden (BOL-T) has passed a development milestone by producing the first copper cathode at the Lomas Bayas mine in northern Chile.The US$244-million Lomas Bayas project, one the key assets acquired b…
Samax reports gold find in Congo
Samax Gold (SMX-T) has intersected what it describes as significant gold mineralization at its 85%-owned Mougongo prospect in Congo.Drill hole 4 cut 28.5 metres grading 3.7 grams of the yellow metal (…
MINING MARKETS AND INVESTMENT NEWS — Tiomin finances Kenyan study
Toronto-based Tiomin Resources (TIO-T) expects to raise $1 million through a private placement of 2 million shares priced at 50cents each.The company is preparing to begin a feasibility study at its K…
Drilling hits new zone at Itetemia
Ongoing drilling at the Itetemia gold property in the Victoria Lake gold district in Tanzania has confirmed the volcanogenic nature of mineralization.Tan Range Exploration (TNX-A) reports that five co…
Arizona Star options project in Chilean mineral belt
Arizona Star Resource AZS-V) will acquire control of the Cenizas gold project in northern Chile from Fremont Gold (FGLD-O) and Rio Tinto (RTP-N).Situated 175 km southeast of Antofagasta, the 13,259-ha…
Poplar buys into South African diamond projects
Vancouver-based Poplar Resources (PPX-V) has branched into South Africa by acquiring a 45% interest in Savannah Diamondfields, the main assests of which are the Aardvark and Barkly West diamond projec…
Golden Goose sees heap-leach potential at Magino
The past-producing Magino gold mine near Wawa, Ont., has the potential to become an economic heap-leach operation, says Irwin Miller, president of Golden Goose Resources (GGR-T).But Miller’s opinion i…
Drilling adds to Converse’s potential
Encouraging gold values have been intersected in a drill program at the Converse joint venture in Nevada’s Battle Mountain trend.The project is operated by Uranerz USA, which has a 25% interest. Newmo…
Birim’s Dunkwa extended at depth
Drilling by Battle Mountain Gold (BMG-T) at the Dunkwa property in Ghana has extended the Mampon gold deposit at depth.Battle Mountain, the operator, is acquiring a 65% interest in the project from Bi…