Greenstone buys majority of Coro Mining’s latest financing
A private equity firm specializing in the mining and metals sector run by former executives of Xstrata and J.P. Morgan has bought most of the shares that Chile-focused Coro Mining…
South America
Guyana Goldfields restructures debt to boost financial flexibility
Guyana Goldfields (TSX: GUY) lightened its debt load just before the new year. Guyana Goldfields, which operates the Aurora gold mine in Guyana, has refinanced its US$160-million debt facility dated Sep….
Eco Oro files for arbitration against Colombian gov’t
Eco Oro Minerals (TSX: EOM) claims the Colombian government has eviscerated its US$250-million investment in the country and is filing for international arbitration. The Vancouver-based junior has been developing its…
Continental Gold finishes permitting Buritica
Continental Gold (TSX: CNL; US-OTC: CGOOF) shares have seen a boost since the company announced it has received the last two approvals needed to wrap up major permitting at its advanced …
TSX dips, Nov. 28-Dec. 2
The S&P/TSX Composite Index fell 0.2% to 15,052.52, despite a surge in oil prices and a decent jobs report. The S&P/TSX Global Mining Index fell 0.9% to 65.19, while the…
Miner Moments #6: U308 CEO Richard Spencer warns of ‘North American arrogance’ in South America
In this clip from our “Focus on Argentina” symposium in Toronto in late September, Richard Spencer, president and CEO of uranium explorer U3O8 Corp., speaks his mind on Barrick Gold’s…
Site visit: Minera IRL’s Ollachea shows potential despite boardroom battles
OLLACHEA, PUNO PROVINCE, PERU — Women sift through slate muck piles, raking through the debris with a fork in one hand and a water hose in the other, looking for…
Wall Street rises, Nov. 21–25
U.S. equities ended holiday-shortened trading in positive territory. The S&P 500 Index rose 1.4% to 2,213.35, while the Dow Jones Industrial Average advanced 1.5% to 19,152.14. The Nasdaq Composite Index…
Advantage Lithium to acquire up to 75% of Orocobre’s Cauchari
Lithium producer Orocobre (TSX: ORL) plans to partner with junior Advantage Lithium (TSXV: AAL) on its Cauchari lithium project in northwestern Argentina’s Jujuy province. Cauchari is 15 km south of…
Aura Minerals sketches positive economics at EPP
Aura Minerals (TSX: ORA) has tabled a positive feasibility study on its recently acquired Ernesto/Pau-a-Pique (EPP) gold project in Brazil’s western Mato Grosso state, not too far from its producing…
Pressure grows on Samarco, one year after tailings disaster
Legal and financial pressures are mounting on Samarco, one year after a tailings dam failure sent 60 million cubic metres of mine waste and sludge into Brazil’s Rio Doce river…
Hudbay reopens Constancia after brief suspension
Hudbay Minerals (TSX: HBM; NYSE: HBM) announced on Nov. 8 that it had suspended operations at its Constancia copper mine in Peru for safety reasons after trespassers entered the open-pit…