[Update] AuRico cuts 2012 production guidance
AuRico Gold (AUQ-T, AUQ-N) has revised its 2012 production guidance after a high turnover of workers at its Ocampo gold-silver mine in Mexico dragged down output in the second quarter.
Mexico and Central America
Dominican delivers for Goldquest and Unigold
VANCOUVER — Dominican-focused explorers Goldquest Mining (GQC-V) and Unigold (UGD-V) have announced sizable step-out gold hits at their nearby properties in the country on the same day.
Scorpio gets the grade at San Rafael
Scorpio Mining (SPM-T) wrapped up its latest drill program at its wholly owned San Rafael Project in Mexico and the results are all about the grade.
Baja slides another 21% as it looks for funds
The clock is ticking for Baja Mining (BAJ-T) as it approaches its August deadline to raise additional funds for the Boleo copper-cobalt-zinc project in Mexico to cover the project’s cost overruns so it continue accessing its loans.
Guatemala proposes 40% stake in mining companies
The Guatemalan government could soon take a 40% stake in mining companies in the country if a proposed constitutional amendment goes through.President Otto Perez Molina announced the proposed change, along with dozens of others, in one of the…
MAG Silver sings Juanicipio’s praises
In a conference call on June 14, MAG Silver’s (MAG-T, MVG-X) president and CEO, Dan MacInnis, enthusiastically described the company’s Juanicipio polymetallic project in Mexico as “bulletproof” and “one of —…
Editorial: Fleece Navidad
At the halfway mark of the year, the political difficulties are starting to pile up for North American and European explorers and miners operating in several Latin American countries. But front and centre these days is Argentina, with its rich…
Golden Reign digs Nueva Segovia in Nicaragua
Golden Reign Resources (GRR-V) wants to help return Nicaragua to its former vaunted status in the gold world.Before the Sandinista revolution of 1979, Nicaragua was one of Central America’s largest gold exporters.And…
Baja Mining clings to life
Nearly two months after Baja Mining (BAJ-T, BAJFF-O) initially disclosed cost overruns of US$246 million at its Boleo copper-cobalt-zinc project in Baja California Sur, Mexico, one of the company’s largest shareholders, Louis Dreyfus…
Torex chalks up another gold discovery at Morelos with Media Luna
Not content to sit on its multi-million-ounce, open-pit Morelos deposit, Toronto-based Torex Gold Resources (TXG-T) has again struck gold on its 290-sq.-km land concession 180 km southwest of Mexico City.Morelos already boasts a measured and…
New Gold starts up New Afton in BC
New Gold (NGD-T, NGD-N) brings online a fourth mine with the timely start up of its New Afton gold-copper mine, near Kamloops, B.C.
Guatemala proposes 40% stake in mining companies
VANCOUVER — Guatemala could soon take a 40% stake in mining companies in the country if a proposed constitutional amendment goes through.