Metals, mining and money markets
SPOT PRICESCourtesy of ScotiaBankFriday, June 12, 2012 Precious MetalsPrice…
South America
Mid-tier producers grapple with Peru’s growing pains
Peru is experiencing a mining boom of global proportions thanks to years of heavy investment and increasing production. The country is the world’s number-two copper producer, number-two silver producer, number-six gold producer,…
Mining boom drives growing energy need
The Andean nations of Chile and Peru are the top copper-producing locales in the world. Chile holds the number-one spot with annual production clocking in at 4.9 million tonnes, while Peru sits in second place with output totalling 1.2 million…
Atacama drills deep into Chile
Carl Hansen is a big fan of the Maricunga mineral belt in Chile’s Atacama region, high in the Andes.The president and CEO of Atacama Pacific (ATM-V) is advancing the company’s wholly owned Cerro Maricunga gold project, which is just…
Candente makes headway in Peru
On the last day of May, Peru’s Ministry of Energy and Mines granted Candente Copper (DNT-T) the permit it needs to complete drilling for its feasibility study on the Canariaco Norte project, a porphyry copper deposit about 700 km…
Lumina finds new zones at Taca Taca
New copper mineralization zones at the Taca Taca project failed to lift the share price of Lumina Copper (LCC-V) due to anti-Argentina sentiment in the wake of President Cristina Fernandez’s decision last month to nationalize…
Colombian drilling lifts Continental Gold
Strong drill results from nine diamond drill holes at the Buritica gold project in Colombia sent shares of Continental Gold (CNL-T) up 28¢, or 3.9%, to $7.38 apiece on June 4.Highlights from the holes drilled into the Yaragua system…
Trevali pushes towards Peruvian production
Vancouver-based Trevali Mining (TV-T, TREVF-Q) is getting closer to launching Peru’s next polymetallic mine with a little help from a well-known player in the metal game: Glencore International (GLEN-L).The two companies plan to have…
Panoro shows promise in Peru
Panoro Minerals (PML-V) has over a dozen properties in Peru, but is focusing on developing its two advanced-stage projects in the country’s southeastern region.Its top priority is the wholly owned Cotabambas copper-gold project,…
Xstrata copes with civil unrest in Peru
As with many resource-rich developing countries, there can be tensions in Peru between pro-mining interests and affected local communities. Switzerland-based Xstrata (XTA-L) is stuck in the middle of such a dispute as regional…
NGEx hits big copper strikes at Josemaria, Los Helados
VANCOUVER — Vancouver-based copper explorer NGEx Resources (NGQ-T) is enjoying a June comeback, as the company benefits from drill results on promising targets at its land package on the established Region III corridor along the…
Gran Colombia builds up Marmato
Gran Colombia Gold (GCM-T) has made a significant boost to its resources at its Marmato project in Colombia, even if it did cost a bit of grade to do so.