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Lopez loss makes St Augustine gain

Shares in St Augustine Gold and Copper (CN:SAU) flew up 150% to lead Toronto and New York-listed market risers this week as hope returned for Philippines mining projects, after Regina Lopez’s appointment as environment secretary was rejected last week.

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St Augustine rises

Lopez had ordered the closure of more than half the country’s mines, cancelled development contracts and banned future openpit mining during her controversial 10-month tenure as secretary-designate.

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