Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
American Bonanza Gold Corp. (TSX: BZA) (“Bonanza”) is pleased to report the purchase of a milling and flotation circuit for the 100% owned Copperstone Mine in Arizona. Bonanza has acquired an option to purchase this 700 ton per day milling and flotation/gravity plant, including a pre-engineered mill building, for a purchase price of US$650,000. Read the full press release at http://www.americanbonanza.com/i/pdf/2010-05-19_NR.pdf
