Buenaventura, Gold Fields make major gold discovery in Peru (May 12, 2010)
Just eighteen months after drilling their first hole, joint-venture partners Compania de Minas Buenaventura (B…
South America
Galway drills 89 meters of 3.2 grams gold in Colombia
Early drill results from Galway Resources’ (GWY-V) Pie de Gallo property in the California district of northea…
Costa Rica’s new president signs extension of moratorium on gold mining
Within hours of taking the helm of Costa Rica as president-elect on May 8, President Laura Chinchilla reported…
ABB to provide electrical equipment at Toromocho
SUPPLIERS NEWS
Caspiche resources grow 23% (May 10, 2010)
Exeter Resource (XRC-T, XRA-X) has increased and upgraded resources at its sizable Caspiche gold-copper project in Chile.
Costa Rica court rules to restart Crucitas project
After a 16-month review and public hearings, Costa Rica’s Supreme Court has ruled that Infinito Gold (IG-V) can go ahead with its open-pit gold mine despite objections from environmental groups that t…
Sandspring up and running in Guyana
VANCOUVER — Between completing a public listing, hitting a number of long gold intercepts in Guyana, and finalizing $14.5 million in financings, Sandspring Resources (SSP-V) has had a busy few months…
Largo secures US$150M for Maracas
VANCOUVER — Largo Resources (LGO-V) has conditionally secured more than half the needed funds to develop its 76%-owned Maracas vanadium-platinum-group-metals project in Brazil’s Bahia state.
Ventana settles La Bodega dispute (May 07, 2010)
Vancouver – Ventana Gold (VEN-T) announced the settlement of an ownership dispute at its La Bodega gold p…
Positive preliminary assessment for Magellan’s Coringa
A preliminary economic assessment of Magellan Minerals’ (MNM-V) Coringa gold project in Brazil’s Amazon Basin,…
Greystar gets blindsided
Steve Kesler hardly had time to get comfortable in his new chief executive’s chair before finding himself in the midst of a historic problem.
Copper fundamentals strong; Mitsubishi ups stake in Escondida (May 03, 2010)
Three large Japanese companies are investing a total of more than 50 billion yen ($533.9 million) for an additional combined ownership stake of 2.5% in Chile’s Escondida mine, Reuters news agency repo…