South America

Core boxes stacked at Largo Resources' Maracas vanadium project in Brazil. Source: Largo Resources

Cashed-up Largo to enlarge stake in Maracas

A $10-million private placement that closed on Nov. 1 gives strategic metals junior Largo Resources (LGO-V) the juice it needs to purchase the remaining 10% of the Maracas vanadium project in Brazil that it doesn’t already own.



Magellan’s bright outlook at Coringa

Magellan Minerals (MNM-V) has completed a preliminary economic assessment (PEA) of its Coringa gold deposit in Brazil’s Tapajos province. It concludes that strong economics justify moving the project to the feasibility stage, with a…


Andina jumps on Hochschild’s $103M takeover bid

Shares of Toronto-based junior Andina Minerals (ADM-V) have nearly doubled, as it has agreed to a $130-million, all-cash takeover by Peru-based precious metals producer Hochschild Mining (HOC-L).


The company's manager of community relations Karina Yavar (left) talks to a geologist at the Bob 1 camp site in Peru.

Cuervo jumps back into action in Peru

CUZCO, PERU — Iron ore explorer Cuervo Resources (FE-C) may be on to something big as it drills off the Bob 1 zone, one of the two large targets on its flagship Cerro Ccopane iron ore property in southern Peru.


The Dorado East deposit at Andina's flagship Volcan project. Source: Andina Minerals

Andina jumps on Hochschild’s $103M takeover bid

Shares of Toronto-based junior Andina Minerals (ADM-T) nearly doubled as it agreed to a $130-million all-cash business combination with Peruvian-based precious metals producer Hochschild Mining (HOC-L).



Cashed-up Largo to enlarge stake in Maracas

A $10 million private placement that closed on Nov. 1 gives strategic metals junior Largo Resources (LGO-V) the juice it needs to purchase the remaining 10% of the Maracas vanadium project in Brazil that it doesn’t already own.


Teck wobbles in third quarter

Teck Resources (TCK-T, TCK-N) produced a record 99,000 tonnes of copper in the third quarter, up 29% year-on-year, but lower commodity prices and sale volumes for its steelmaking coal sent the miner’s adjusted net earnings down to $349…


Amerigo Resources' MVC copper-molybdenum tailings processing plant beside the El Teniente copper mine in Chile. By Amerigo Resources.

Amerigo happy to live in Codelco’s shadow

Amerigo Resources (ARG-T), which continues to produce copper and molybdenum from the tailings of Codelco’s 108-year-old El Teniente mine in Chile, saw its shares rise after solid third-quarter production results. 


Barrick fails to impress in Q3

Barrick Gold (ABX-T, ABX-N) has unveiled another disappointing quarter, where it continues to wrestle rising costs, project delays and shrinking profits, prompting investors that expected a better third quarter to drive down the stock.


Magellan’s bright outlook at Coringa

Magellan Minerals (MNM-V) has completed a preliminary economic assessment (PEA) on its Coringa gold deposit in Brazil’s Tapajos province, suggesting strong economics to move the project to the feasibility stage, with a construction…


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