Defunct Gold Mines Lure Investors on New Technology, Price Gains
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The rugged terrain of Asturias in northern Spain is dotted with remnants of aqueducts and mining pits, reminders that the region was an important supplier of gold to the Roman Empire 2,000 years ago. Now Asturias is regaining its luster.
Near the village of Boinas, Orvana Minerals Corp. is tunneling into a mountainside to mine a deposit that’s expected to yield more than 100,000 ounces a year when fully operational in 2012, Bloomberg Businessweek reports in its June 20 edition.