Yamana ups yearly profits by 17%
Yamana Gold (YRI-T, AUY-N) reported a US$89.5-million profit for the fourth quarter of 2011, a 28% decrease from the same period a year ago, thanks to a one-time US$81-million impairment loss on investments.
South America
BHP and Rio double-down on copper
Vancouver — BHP Billiton (BHP-N, BHP-L, BHP-A) and Rio Tinto (RIO-N, RIO-L, RIO-A) are feeling optimistic about copper. Six weeks into the first quarter of 2012, the two mining giants unveiled plans to commit over U$4 billion to expand…
Best intercept yet for Bellhaven in Colombia
Bellhaven Copper & Gold (BHV-V) hit its best intercept yet at its La Mina gold-copper project in Colombia, and the good news came out of an emerging zone on the property.
JV partners Regulus and Pachamama to merge
Already equal partners in the headline-grabbing Rio Grande copper-gold project in Argentina, Regulus Resources (REG-V) and Pachamama Resources (PMA-V) are making the arrangement formal and merging into one company.
Talon hits iron in fresh and weathered rock at Trairao
Vancouver – Talon Metals (TLO-T) has released a slew of drill results from its extensive 2011 exploration program, showing significant iron content in both weathered and fresh rock at its Trairao project in Brazil.
Nyrstar’s meteoric rise as a miner
Vancouver — Born of two established metals companies as a pure smelting play in 2007, Brussels-listed Nyrstar NV has since grabbed a commanding position in the zinc supply chain with no sign of slowing down.
Lumina hits long intersects at Taca Taca
The Taca Taca deposit in northwestern Argentina, 90 km east of Escondida, the world’s largest copper mine, has yielded the longest mineralized intercept to date—813 metres grading 0.60% copper equivalent including 134 metres of…
Salazar shares gain on Lundin’s investment
Salazar Resources (SRL-V) climbed 18% on news that diversified miner Lundin Mining (LUN-T) is acquiring a 15.4% stake in the company by buying over 80% of Salazar’s $3-million private placement, consisting of 6 million units…
Latin American Minerals clarifies and bounces back
Instead of the pomp normally associated with a new mine opening, Latin American Minerals (LAT-V) dashed investors’ hopes of any ceremonies on Feb. 1 by announcing that it was suspending operations at what was set to become Paraguay’s…
Regulus and Pachamama announce merger, more Rio Grande results
Vancouver – Already equal partners in the headline-grabbing Rio Grande copper-gold project in Argentina, Regulus Resources (REG-V) and Pachamama Resources (PMA-V) have decided make the arrangement formal and merge into one company.
Best intercept yet for Bellhaven in Colombia
Bellhaven Copper & Gold (BHV-V) hit its best intercept yet at its La Mina Project in Colombia – and it came from a relatively new zone on the property.
Calibre and B2Gold hit long gold intercepts in Nicaragua
Calibre Mining’s (CXB-V) share price jumped to 50¢ from 19¢ with 42.5 million shares traded over two days after it announced three long gold-copper intercepts from its Primavera prospect in northeastern Nicaragua. B2 Gold (BTO-T)…