South America

Newmont to build mine in Suriname

After spending the past year selling off assets and slashing costs, Newmont Mining (NYSE: NEM; TSX: NMC) is moving forward with its Merian gold mine project in Suriname, and plans to spend up to $1 billion to build its first mine in the South…


Southern Copper's Tia Maria copper project in southern Peru. Credit: Southern Copper

Peru approves EIA for Southern Copper’s Tia Maria

Southern Copper (NYSE: SCCO) will start building  its US$1.4-billion Tia Maria copper mine in Peru before the end of 2014, after having secured approval of the project’s environmental-impact assessment in early August. Production is…


Troy fast tracks Karouni with open-pit plan

VANCOUVER — Gold producer Troy Resources (TSX: TRY; US-OTC: TRYRF) acquired the Karouni gold project located 180 km southwest of Georgetown, Guyana, US$200 million just over a year ago, and now anticipates having a mine in operation…


Teck boosts stake in partner AQM Copper

After loading up on shares of AQM Copper (TSXV: AQM; US-OTC: APQUF) in July, Teck Resources (TSX: TCK.B; NYSE: TCK) now owns just over 30% of the junior — its partner at the Zafranal copper–gold project in Peru.


Goldcorp's  Cerro Negro project in Argentina. Credit:  Goldcorp

Cerro Negro becomes Goldcorp’s newest mine

Goldcorp’s (TSX: G; NYSE: GG) Cerro Negro mine in Argentina produced its first gold dore bar on July 25 and is on track to reach commercial production by the end of this year. 


TSX climbs, July 21-25

The S&P/TSX Composite Index gained 188.47 points to close the trading week at 15,455.04. The S&P/TSX Capped Diversified Metals & Mining Index advanced 32.39 points to 924.02, while the S&P/TSX Global Gold Index stayed relatively…


The kiln under construction at Largo Resources' Maracas Vanadium project in Brazil's Bahia state, on which Anglo Pacific Group holds a 2% net smelter return royalty. Credit: Largo Resources

New management at Anglo Pacific shifts focus to royalties

After graduating with a BA from Harvard University and an MBA from Harvard Business School, Julian Treger launched his career working for Lord Rothschild as an in-house corporate financier managing a portfolio of public and private equity…



The view from Panoro Minerals' Cotabambas copper project in Peru, 50 km southwest of Cuzco. Credit: Panoro Minerals

Panoro could get snapped up, Laurentian says

Panoro Minerals (TSXV: PML; US-OTC: POROF) has completed a $5.8-million equity financing of 13.8 million shares at 42¢ underwritten by Laurentian Bank Securities and National Bank Financial. The money will help further exploration work at…


Construction at the Pimenton mine in Chile. In the second quarter of 2014, Pimenton produced 2,643 ounces of gold, up from 2,558 ounces of gold in the first quarter of the year, while cash costs fell from US$919 per oz. to US$778 per oz. Credit: Cerro Grande Mining

Cerro Grande cuts costs at Pimenton

At the end of January, the Toronto Stock Exchange launched a delisting review of Cerro Grande Mining (TSX: CEG; US-OTC: CEGMF) to determine whether the junior could keep a $2-million market value for 30 straight trading days.


Pershimco Resources' Cerro Quema gold project in southern Panama. Credit: Pershimco Resources

Cerro Quema shines for Pershimco in Panama

A newly tabled prefeasibility study of Pershimco Resources’ (TSXV: PRO; US-OTC: RSPRF) Cerro Quema gold project in southern Panama outlines a low-cost, open-pit operation generating 78,500 oz. gold a year over five years, with production…



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