Leagold off to strong start at Los Filos mine
Leagold Mining (TSXV: LMC) is navigating a six-month transition period at the Los Filos heap-leach gold mine in Mexico. The company acquired the asset from Goldcorp (TSX: G; NYSE: GG)…
Mexico and Central America
McEwen Mining buys Primero’s Black Fox
McEwen Mining (TSX: MUX; NYSE: MUX) is expanding its footprint in the Timmins camp of Ontario with the purchase of Primero Mining’s (TSX: P; NYSE: PPP) Black Fox mine complex…
Uncertainty in Guatemala drives Tahoe to suspend dividend and guidance
Tahoe Resources (TSX: THO; NYSE: TAHO) is stopping dividend payments and company-wide guidance due to the suspension of its flagship Escobal silver mine in Guatemala. Ending the monthly 2¢-per-share dividend…
Great Panther buys Nyrstar’s Coricancha
Junior silver miner Great Panther Silver (TSX: GPR; NYSE: GPL) has acquired Belgian smelting giant Nyrstar’s idled Coricancha gold-silver-lead-zinc-copper mine and mill complex, 90 km east of Lima, Peru. The…
Ascendant explores El Mochito’s upside
VANCOUVER — Ascendant Resources (TSX: ASND) has delivered fresh exploration drill results at its El Mochito zinc-lead-silver mine, 88 km southwest of San Pedro Sula in northwest Honduras. The 32,000-metre…
Top 10 Canadian base metal explorers and developers
The Northern Miner used the IntelligenceMine database of our sister company Infomine to determine the top-10 largest base metal companies headquartered in Canada that have non-producing assets. The list is…
Guatemalan court suspends Tahoe’s licence for Escobal
The Supreme Court of Guatemala has suspended Tahoe Resources’ (TSX: THO; NYSE: TAHO) flagship Escobal silver mine until it can hear an action brought against the government’s Ministry of Energy…
TSX loses ground, June 26-30
The S&P/TSX Composite Index fell 0.9%, or 137.37 points, to a 15,182.19-point close. Spot gold prices ventured near eight-week lows, falling US$15.10 to US$1,241.61 per oz., whereas Comex copper prices…
Orla to buy Camino Rojo from Goldcorp for $35M
VANCOUVER — Orla Mining (TSXV: OLA; US-OTC: ORRLF) may have scored a “fire-sale” deal on Goldcorp’s (TSX: G; NYSE: GG) Camino Rojo gold-silver project that lies 50 km southeast of Goldcorp’s…
Agnico Eagle invests $10M in Mexico-focused Candelaria Mining
Less than a year after picking up the Caballo Blanco project in Mexico for US$17.5 million, Candelaria Mining (TSXV: CAND) has pulled in a $9.8-million strategic investment from Agnico Eagle…
Canada’s benchmark index posts marginal advance, May 29-June 2
Canada’s real growth domestic product advanced at a 3.7% annualized rate in the first quarter, or more than triple the 1.2% rate posted in the United States. Business investment was…
Ecuador snapshot: 10 active companies
VANCOUVER — The Ecuadorian government restructured its mining and tax policies in 2014 in a bid to bring back foreign investment that had fled the country in previous years. The move…