Latin American Minerals dreams big in Paraguay
One of South America’s most isolated countries — ruled by a series of authoritarian governments for most of the twentieth century — has seen virtually no modern mineral exploration.
South America
Exeter lays out options for Caspiche
VANCOUVER — Exeter Resource’s (TSX: XRC; NYSE-MKT: XRA) Caspiche project in northern Chile hosts proven and probable reserves exceeding 19 million oz. gold and 4.6 billion lb. copper. Such a large deposit had Exeter envisioning a…
Goldrock’s Matysek out to prove Argentina’s a good bet
VANCOUVER — Lindero is an economically robust gold mine project that is permitted for development. Its capital costs are reasonable, it has support from the local populations and authorities, and it is being driven forward by Paul…
Uranium Energy advances Paraguay projects
Six years ago when Uranium Energy (NYSE-MKT: UEC) expanded its in-situ recovery uranium projects beyond those it was developing in southern Texas, one of the parts of the world the company took a close look at was Paraguay.
Bear Creek back in the saddle at Santa Ana
The courts of Peru have had Bear Creek Mining’s (TSXV: BCM) stock rolling.
New zone shines for Fortuna Silver at San Jose
VANCOUVER — Fresh from doubling the throughput at its San Jose silver–gold mine in Mexico, Fortuna Silver Mines (TSX: FVI; NYSE: FSM) is finding that a steady stream of high-grade drill results from the mine’s new Trinidad…
Barrick’s Peter Munk defends successor John Thornton
During his farewell speech to shareholders at the company’s annual meeting on April 30, Barrick Gold’s (TSX: ABX; NYSE: ABX) founder and departing chairman Peter Munk said John Thornton is the “right guy” to…
Hudbay’s Manitoba business going strong and growing
Hudbay Minerals (TSX: HBM: NYSE: HBM) swung to a net loss in the first quarter of $27.2 million, or 15¢ per share, compared to a profit of $1.9 million, or 1¢ per share, in the first quarter of 2013, mainly due to a temporary…
Macusani to buy Azincourt’s Peruvian uranium play
VANCOUVER — Macusani Yellowcake (TSXV: YEL, US-OTC: MCYWF) has struck a deal to buy Azincourt Uranium’s (TSXV: AAZ, US-OTC: AZURF) Minergia uranium portfolio on the Macusani Plateau of southeastern Peru.
GoldSource sees path to production in Guyana
VANCOUVER — Down markets can yield opportunity, and for junior GoldSource Mines (TSXV: GXS; US-OTC: GXSFF) that opportunity came in the form of a February merger with Guyana-focused explorer Eagle Mountain Gold (TSXV: Z).
Chinese consortium buys Las Bambas
A Chinese consortium led by MMG, an arm of state-owned China Minmetals Group, is buying Glencore Xstrata’s (LSE: GLEN) enormous Las Bambas copper project in Peru for US$5.85 billion in cash.
Verde Potash pushes Cerrado ahead
VANCOUVER — With a prefeasibility study in hand and a major funding deal arranged with the Brazilian government, Verde Potash (TSX: NPK; US-OTC: AMHPF) is pushing its Cerrado Verde project in Brazil towards production.