First Quantum stock jumps on Panama plans for mine audit

Only a tiny part of the Galinée property has been explored for lithium to date, according to Azimut.

Agnico is basing its underground plans on an indicated resource of 1.2 million oz. gold and an inferred resource of 7.1 million oz. gold in-situ.

The company announced earlier this week that it had reached an agreement with the union representing workers at the copper mine.

C.D. Howe Institute warns that long timelines for major project approvals of up to 10 years scare away investors and delay projects.

The Cominco/Teck-operated Sullivan mine was once a major producer of base metals.

The Fox Complex comprises several mine properties covering 70 sq.km. along the Destor-Porcupine fault, also known as the ‘Golden Highway’.

The miner asaid it will offset the carbon emissions related to the construction project through initiatives like planting trees near the aluminium smelter.

Milestone marks the end of burning coal to provide power in the province.

Highlights include one hole that returned 4.7 metres grading 24.16 grams gold per tonne from 83.5 metres depth.