Roman-Age Gold Mines Revived with Crisis-Era Prices

Source: Bloomberg, Manuel Baigorri (8/26/11)

"As gold futures more than doubled in the past three years, Spain's Asturias region has drawn projects for fields first developed for the Roman Empire 2,000 years ago."

Bloomberg, Manuel Baigorri

As gold futures more than doubled in the past three years, Spain's Asturias region has drawn projects for fields first developed for the Roman Empire 2,000 years ago. The mineral-rich area regained fame in the 19th century digging coal for Basque steel mills that fed Britain's industrial revolution, though most of those mines can't compete at today's coal price.

Astur Chief Executive Officer Pinkowski, 41, forecast the Salave deposit contains more than 60 tons of gold, or about 2 million ounces. Vancouver-based Astur Gold can produce 135,000 ounces a year, which at gold prices of $1,750 an ounce will help it post $230 million in annual revenue, he said. . .View full article

Idaho Gold Project Could Produce One-Third of Critical Antimony for US
Source: Streetwise Reports (04/18/2024)

Perpetua Resources Corp.'s Stibnite gold project in Idaho is also expected to provide as much as 35% of the United States annual demand for the critical metal antimony. Find out why analysts are recommending this developer.

Vancouver Explorer Sees 'District-Scale' Project in Colo.
Source: Streetwise Reports (04/18/2024)

Metallic Minerals Corp. announces that all four holes drilled at its Newmont-backed La Plata project in Colorado intersected porphyry-style mineralization from the surface and over their entire lengths.

Field Work Points to Copper Porphyry at Idaho Asset
Source: Streetwise Reports (04/18/2024)

To prove this out, the Canadian company plans additional exploratory work, to commence next month. Read on to learn more about this compelling project.

Gold Co. Sets New Drill Targets for Mexican Project
Source: Streetwise Reports (04/18/2024)

Centenario Gold Corp., fresh off the results of its maiden drilling program at its Eden gold-silver property in Mexico, is outlining new drill targets across the property. At the same time, prices for the precious metal are taking off.

Franco Will Increase Production Without Cobre Panama
Source: Adrian Day (04/17/2024)

Global Analyst Adrian Day looks at first-quarter results from three resource companies, as well as recaps Francos annual "investor day." Overall, he believes the results were positive.