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Canada Stocks Rise for Seventh Day on Gold Companies Profits
Canadian stocks rose for a seventh day, the longest rally in 11 months, as three of the country’s four largest gold producers by market value beat earnings estimates.
Barrick Gold Corp., the world’s biggest producer of the metal, gained 3.3 percent after announcing it will spin off its African operations. Kinross Gold Corp., the country’s third- [...]
New Gold Completes Purchase of El Morro
The El Morro project lies in the centre of a huge legal dispute, but New Gold Inc. went ahead and bought it anyway.
Yesterday, the Vancouverbased miner said it closed a transaction to buy 70% of El Morro, a copper-gold deposit in Chile, from Xstrata PLC for US$463-million. It then transferred that stake to Goldcorp Inc., [...]
Gold Mining Exploration Company Laguna Resource Signed Requirements To Obtain Cachitos Gold Mine Project
Laguna Resources, exploration and development company gold mine, has signed a requirement to obtain a gold mine project Cachitos. Cachitos gold mine located in the southern sector Maricunga World Class Gold Belt, Northern Chile. Chachitos mine is a center of Laguna Resources mining company. The acquisition of a gold mine project is a program Cachitos [...]
Anglo American Copper Mine Project In Chile Normal After Landslide
Anglo American Los Bronces copper mine in Chile is operating normally after a landslide hit its access road, killing a security guard and injuring 10 at a control checkpoint, a company spokesman said on Monday.
Heavy rain has triggered rock and mud avalanches near the capital Santiago, killing at least two people and leaving one missing.
Antioquia Gold Drilling Colombian Assets
Colombia has emerged as a prolific source of new gold deposits during the last several years, and Antioquia Gold Inc. is the latest TSX Venture listed company to begin exploration there. Antioquia controls a 100% interest in 6 mining concessions covering a total of 279 hectares (Guayabito) and a 90% interest in 2 additional [...]
Petrol And Coal Offset Iron Decline In Strong June Result
BHP Billiton has delivered stronger than expected June quarter results, with higher petroleum output, aided by a resurgence of Bass Strait oil production, and coking coal offsetting a fall in iron ore production.
Teck Cominco Interest Andacollo Gold Mine Production Agree To Pay $300 Million Royalti Transaction
Teck Cominco Limited announced today that Compania Minera Carmen de Andacollo has agreed with Royal Gold Inc. to sell an interest in the gold production from the Andacollo mine for US$300 million.
Anglo American Confirms Plans To Expand Copper Mine in Central Chile
Cynthia Carroll, CEO of diversified miner Anglo American, confirmed the company’s plans to move forward with the expansion of its Los Bronces copper mine located in central Chile northwest of Santiago in the Andes mountains.
Several Mining Companies Hold Plans New Mines Onstream
The global financial crisis and sharp falls in metals prices have forced several companies to abandon or put on hold their plans to bring new mines onstream.
