TSX Venture falls, Nov. 26-30
The S&P/TSX Venture Composite Index fell 2% to 589.52. It has been on a slow but steady decline since the start of 2018. Shares of SilverCrest Metals rose 28¢ to…
South America
Wealth Minerals to spin out copper company
Lithium-focused Wealth Minerals (TSXV: WML; US-OTC: WMLLF) says it will spin out a copper company, containing two copper exploration projects, that it plans to acquire in Chile. Wealth Copper will…
TSX mixed, Nov. 26-30
Canada’s benchmark index rose 1.24% to end the trading week at 12,197.82. The S&P/TSX Global Mining Index fell 0.19% to 62.58 and the S&P/TSX Global Gold Index fell 1.4% to…
Golden Arrow and SSR Mining begin commercial production at Chinchillas
Joint venture partners Golden Arrow Resources (TSXV: GRG; US-OTC: GARWF) and SSR Mining (TSX: SSRM; NASDAQ: SSRM) have begun commercial production at their Chinchillas silver-lead-zinc mine in Argentina’s Jujuy province….
SSR Mining takes strategic stake in SilverCrest Metals
SSR Mining (TSX: SSRM; NASDAQ: SSRM) is investing $31 million for a 9.9% stake in SilverCrest Metals (TSXV: SIL; NYSE-AM: SILV) and its Las Chispas project in Sonora, Mexico. SilverCrest…
Tinka boosts resource at Ayawilca in Peru
Additional drilling at Tinka Resources‘ (TSXV: TK) 100%-owned Ayawilca project in the zinc-lead-silver belt of central Peru, 200 km northeast of Lima, has significantly grown the project’s resource estimate from an…
Arbitration court awards South American Silver US$28M for Bolivian concession
The Hague-based Permanent Court of Arbitration has awarded South American Silver US$18.7 million for amounts invested and another US$9 million in interest for its Malku Khota concession, which the Bolivian…
Mirasol explores in Argentina, Chile
Mirasol Resources (TSXV: MRZ; US-OTC: MRZLF) is about to do something it doesn’t do often: drill one of its own projects. The Argentina- and Chile-focused precious metals project generator is…
Pan American to buy Tahoe for US$1B in controversial offer
Pan American Silver’s (TSX: PAAS; NASDAQ: PAAS) friendly acquisition of Tahoe Resources (TSX: THO; NYSE: TAHO) in a cash-and-share deal valued at US$1.07 billion will double the company’s silver reserves…
Altamira cuts high-grade gold in Brazil
Altamira Gold (TSXV: ALTA; US-OTC: EQTRF) wrapped up this year’s trenching program at its Cajueiro gold project in Brazil by finding two gold-bearing structures on the northern end of its…
Lundin Gold completes one third of construction at Fruta del Norte
Underground mine development is on schedule and, at planned rates, Lundin Gold ( TSX: LUG) expects to reach the ore body at its Fruta del Norte project in Ecuador during…
Fortuna’s Lindero on track for production in Q3 2019
Construction is accelerating at Fortuna Silver Mines’ (TSX: FVI; NYSE: FSM) Lindero project in northern Argentina, and commercial production is planned to start by September 2019, the company says. “The…