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Inmet finances Cobre Panama under majority ownership

Toronto-based major Inmet Mining has opted to retain its majority interest in the world-class Cobre Panama copper-gold project through development financing, as the company announced a hybrid plan that would see it shoulder the bulk of a US$6.2 billion capital expenditure (capex) requirement aimed at putting the project into production by 2016.

McGarry mine inches toward production

Armistice Resources of Toronto continues to make solid progress towards bringing the McGarry gold mine back into production near Kirkland Lake. The company says also that development and exploration work both underground at McGarry and on surface at the former Kerr-Addison gold mine is progressing as planned.
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Osisko drills multiple high grade zones at Key Anacon

The Key Anacon project includes two known Bathurst type volcanogenic massive sulphide deposits – Main and Titan. They occur in the same stratigraphic horizon that hosted both the Brunswick No.12 and No.6 zinc-lead deposits.