El Morro’s EIA gets the green light (March 28, 2011)
Chilean authorities have approved El Morro’s environmental impact assessment, joint-venture partners Goldcorp (G-T, GG-N) and New Gold (NGD-T, NGD-X), report.
South America
Lima connections help Dia Bras acquire Yauricocha mine
Using the contacts of director Alberto Arias, a former Goldman Sachs (GS-N) analyst turned resource investor with a well-connected mining family in Peru, Dia Bras Exploration (DIB-V) has penned a US$310.2-million deal to acquire Sociedad Minera…
Columbus sets sail for French Guiana (March 28, 2011)
France is hardly considered a hotbed of mining potential, but Columbus Gold (CGT-V) sees the part of the country tucked away in the South American jungle as just that.
First Mexican finds gold and silver at Guadalupe
Recently-listed First Mexican Gold (FMG-V) has released good gold-silver assay results from shallow scout drilling at its Guadalupe project in Mexico’s Sonora state.
Fraser Institute: Latin America trails peers as mining destination (March 28, 2011)
Government policies of Latin American countries such as Guatemala, Bolivia, Venezuela and Honduras have dragged down investment in the entire region according to the Fraser Institute’s annual Survey of Mining Companies for 2010/11.
Great Panther leaps on new resource, silver price (March 28, 2011)
Positive exploration and development news from its two silver mines in Mexico and a 30-year-high silver price have helped Great Panther Silver (GPR-T, GPL-X) achieve an all-time share price high.
Malbex continues to define promising new zone
All it took was the results from a drill hole and Malbex Resources (MBG-V) shares started running in the right direction. The company’s shares were up 24% or 14¢ to 73¢ in Toronto on March 25, with heavy volume of 3.5 million shares…
Sandspring makes plans for Guyana gold-copper mine
Vancouver – Sandspring Resources (ssp-v) envisions annual production from its Toroparu project in Guyana of 310,000 oz. gold and 29 million lbs. copper in the first four years of operations, provided it can first raise the $617 million needed…
Riding the wave of silver prices
Pan American Silver’s (PAA-T, PAAS-Q) seven operating mines in Mexico, Peru, Argentina and Bolivia churned out a total of 24.3 million ounces of silver in 2010, a year-on-year rise of 5%, leaving the company with more than US$360 million in the…
More high grades for Continental
The latest results from Continental Gold’s (CNL-T) Buritica project in Colombia add further support to the notion that the company has significant project on it hands. The latest results came out of 15 diamond drill-holes at the wholly owned…
Argentex Mining posts Pinguino PEA
Until late 2009, Argentex Mining (ATX-V, AGXM-O) focused on drilling the polymetallic sulphide mineralization at its Pinguino project in Argentina. But then the company decided to shift gears and concentrate instead on the property’s…
A new play on Brazilian potash
For investors hungry for a new way to play rising food prices through potash juniors, a new avenue with experienced management should soon be tradable in Toronto. Toronto-based Rio Verde Minerals, currently a privately held company, plans to…