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Sierra Metals’ flagship Peru mine shines in Q2

By: Natasha Odendaal     18th July 2017 Consolidated metal production from triple-listed Sierra Metals decreased 3% during the second quarter of the year, the base metals miner said Monday. Sierra, a Canada-based growing polymetallic mining company, attributed the decrease to lower throughput, lower head grades and lower recoveries of... 

Leagold reports exploration success at Los Filos’ Bermejal deposit

By: Henry Lazenby     14th July 2017 Midtier gold producer Leagold Mining reported on Thursday that ongoing drilling of the Bermejal Undergound deposit at its Los Filos mine, in Mexico, has returned consistent high-grade mineralisation that holds the potential for a significant near-term resource upgrade. The TSX-V-listed company,... 

South African simulators commissioned in Madagascar

By: Simone Liedtke     14th July 2017 Mining company Sherritt International’s Ambatovy operation, in Madagascar, has commissioned its Cybermine heavy equipment operator training simulators from South African surface and underground mining simulator supplier ThoroughTec Simulation. 

Capstone improves Q2 output as mines bounce back

By: Henry Lazenby     13th July 2017 Shareholders rewarded Canadian copper producer Capstone Mining on Wednesday, pushing its TSX-listed stock up some 11% following the Vancouver-headquartered company reporting improved second-quarter production results. Copper output rose 15% quarter-over-quarter in the three months ended June,... 

India to bid for natural gas blocks in Lebanon

By: Ajoy K Das     11th July 2017 ONGC Videsh, the overseas arm of India’s exploration and production (E&P) major ONGC Limited, will bid for natural gas exploration and development blocks in Lebanon. In a statement issued late on Monday, India’s Petroleum and Natural Gas Minister, Dharmendra Pradhan, said the proposal of an... 

Leagold graduates to TSX main board

By: Henry Lazenby     8th July 2017 Midtier gold producer Leagold Mining has received conditional approval to list all its equities on the TSX main board – one of the main goals it set out to achieve this year. "Graduating to the TSX is another important milestone in our corporate development and gives us increased access to a... 

Strategic partners Minera Alamos, Osisko Gold Royalties asset hunting in LatAm

By: Henry Lazenby     8th July 2017 Empowered by its strategic investment partner Osisko Gold Royalties, Canadian explorer and project developer Minera Alamos is on the hunt for large contiguous mineralised blocks in Mexico and elsewhere in Latin America. “As markets continue to improve in the short term, we are aiming at putting... 

Santacruz looks to sell Gavilanes mine for $3.5m

By: Megan van Wyngaardt     3rd July 2017 TSX-V-listed Santacruz Silver Mining has signed a letter of intent (LoI) to sell its interest in the Gavilanes project in Durango, Mexico to an arm's-length third-party gold and silver producer for $3.5-million, plus value-added tax. Gavilanes is located in the central part of the Sierra Madre... 

Teck buys Goldcorp’s 21% stake in San Nicolás project, Mexico

By: Henry Lazenby     29th June 2017 Canadian diversified miner Teck Resources has agreed to buy Goldcorp’s 21% interest in the San Nicolás copper/zinc project, in Mexico’s Zacatecas state, for $50-million. The transaction will fully consolidate Teck’s ownership of the project and is part of Goldcorp’s ongoing strategy to pare... 

Few resource-rich countries properly manage their natural resources – report 

By: Reuters     28th June 2017 More than 80% of the world's major mining, oil and gas-producing countries fail to adequately govern the way they extract and manage natural resources, according to an index that tracks accountability and corruption. Eritrea was the worst performer in the annual index released by the New... 

Santacruz to consolidate ownership of Veta Grande, Minillas properties

By: Henry Lazenby     24th June 2017 Canadian junior Santacruz Silver Mining has signed an option agreement with certain private Mexican companies known as Contracuña under which Santacruz aquired an option to buy a 100% interest in the Veta Grande and Minillas properties, for $15.5-million. The TSX-V-listed company currently... 

Explorer Orla adds oxide ore project to portfolio

By: Henry Lazenby     22nd June 2017 Vancouver-based major Goldcorp has agreed to sell its Camino Rojo project, in Zacatecas, Mexico, to fellow Vancouver-based junior explorer Orla Mining, adding an advanced oxide heap leach project with significant gold reserves and resources in a favourable mining jurisdiction to Orla’s portfolio.... 

Santacruz discovers new vein crosscutting existing Membrillo structure

By: Henry Lazenby     20th June 2017 TSX-V-listed junior Santacruz Silver Mining has discovered a new mineralised vein crosscutting the Membrillo silver/zinc/lead/gold vein structure, located about 4 km from the company's Rosario mill located near Charcas, San Luis Potosi, in Mexico. Vancouver-based Santacruz on Monday said its... 

Bolañitos mine, Mexico

By: Sheila Barradas     9th June 2017 A silver/gold mine located in the state of Guanajuato, in Mexico. 

Boring to depth

By: Creamer Media Reporter      8th June 2017 By Simon Anderssen - Associate Portfolio Manager, Kagiso Asset Management Mining services companies are often tarred with the same attributes as their customers: significant commodity price risk and highly cyclical earnings. Yet there are a handful of service providers that are able to generate a... 

Endeavour Silver acquires more Mexican exploration properties

By: Henry Lazenby     7th June 2017 Canadian primary silver producer Endeavour Silver has acquired two small but prospective mineral property groups, Calicanto and Veta Grande, located in the historic silver mining district of Zacatecas, in Mexico. All of the properties host old mines and/or known silver/gold veins that were... 

Leagold focused on delivering catalysts as it looks to expand Los Filos platform

By: Henry Lazenby     3rd June 2017 The focus has turned to delivering on the impending catalysts for newly minted midtier gold producer Leagold Mining, as it assimilates the freshly acquired Mexico-based Los Filos mine and works to enhance and expand the flagship operation. “Los Filos is an ideal cornerstone mine with which to... 

Possible mine-life extension vindicates Argonaut drilling south of current El Castillo ops

By: Henry Lazenby     2nd June 2017 TSX-listed Argonaut Gold has returned positive results from a recent 18 530 m reverse circulation campaign to test 146 targets south of the current El Castillo mine, in Mexico. The combined results of the north and south target areas show potential to extend the current El Castillo openpit limits... 

Cusi mine, Mexico

By: Thabi Madiba     2nd June 2017 A silver, gold, lead and zinc mine located in Chihuahua state in Mexico. 

Dalradian makes offer for Minco to gain control of Curraghinalt royalty 

By: Mariaan Webb     1st June 2017 Project developer Dalradian has gained control of the 2% net smelter royalty on the Curraghinalt gold deposit, which it is developing in Northern Ireland. Dalradian is acquiring the royalty by buying Aim-listed Minco in a recommended share-for-share transaction, which values Minco at 2.532p a... 

Cadence expects its investments to form part of medium-term lithium supply

By: Mariaan Webb     31st May 2017 UK-based mining investment firm Cadence Minerals chairperson Andrew Suckling is upbeat about the company’s exposure to the lithium market and expects the assets that it has invested in to form part of the medium-term lithium supply. In its financial year-end report to December 2016, published on... 

Osisko Gold Royalties takes 19.9% stake in Minera Alamos

By: Henry Lazenby     30th May 2017 Intermediate precious metal royalty company Osisko Gold Royalties has taken a 19.9% stake in Minera Alamos through a C$3.3-million private placement, giving it access to near-term gold production at the La Fortuna project and future opportunities in Mexico. Osisko has agreed to buy 22.5-million... 

Bolívar mine, Mexico

By: Thabi Madiba     26th May 2017 A copper/silver/zinc/gold mine located in Urique, in Mexico. 

Arian Silver to step up lithium exploration, eyes acquisitions

By: Mariaan Webb     25th May 2017 London-headquartered Arian Silver is stepping up efforts to expand its lithium business, announcing on Thursday that it had raised £600 000, part of which will be used to assess the feasibility of additional lithium acquisitions. The company recently announced its interest in buying additional... 

Access to First Majestic’s La Encantada mine blocked by rogue protestors

By: Henry Lazenby     24th May 2017 A group of rogue unionised employees at First Majestic Silver’s La Encantada mine, in Mexico, has formed an illegal blockade, blocking access to the mine and forcing operations to a halt, the company reported Wednesday. These rogue workers cited disagreement with the most recent bonus pay-out,... 

Australia to benefit from ‘TPP minus one’ free trade deal – MCA

By: Esmarie Swanepoel     22nd May 2017 The Minerals Council of Australia (MCA) has welcomed the revival of the Trans-Pacific Partnership (TPP), saying Australia would stand to gain significant economic benefits from the regional trade agreement. Eleven Asia-Pacific countries, including Australia, over the weekend agreed to revive the... 

Azure on the hunt for new projects

By: Esmarie Swanepoel     18th May 2017 Junior Azure Minerals is hunting for its next flagship project in Mexico, with MD Tony Rovira saying that the company has shortlisted a number of potential projects. Rovira told delegates at the Paydirt Latin America Downunder conference in Perth, that Azure had evaluated between 60 and 70... 

Mining Maverick lured out of hiatus by billion-dollar gold dream

By: Bloomberg     18th May 2017 Frank Giustra likes to see big where others think small. The Canadian mining magnate’s latest target is a subterranean patch of red earth in southwestern Mexico. In January his new undertaking, Leagold Mining, bought the Los Filos mine from Goldcorp for $350-million. It wasn’t the openpits... 

SolarWorld insolvency won't impact on German lithium project – Bacanora

By: Mariaan Webb     15th May 2017 Lithium exploration and development company Baconora has expressed its confidence in the Zinnwald project, in Germany, after its 50% partner, SolarWorld AG, announced its intention to file for bankruptcy protection. TSX-V and Aim-listed Baconora in February signed an agreement with SolarWorld to... 

Mine planning software a must for modern miners

By: Robyn Wilkinson     12th May 2017 In the face of numerous technical challenges, as well as the overall drive to reduce mining costs and improve efficiency amid commodity price volatility, miners globally can no longer afford to operate without using modern analytical, modelling, simulation and optimisation software, says mining... 

Silver Wheaton lifts bottom line 49% as streaming volumes jump

By: Henry Lazenby     10th May 2017 Canadian precious metals streaming firm Silver Wheaton has reported bumper profit for the first quarter ended March, as precious metals received in the period rose and prices increased. The Vancouver-based firm reported net earnings of $61-million, or $0.14 a share, compared with $41-million, or... 

McEwen sinks to quarterly loss

By: Mariaan Webb     5th May 2017 Precious metals producer McEwen Mining has reported a first-quarter loss of $3-million, or $0.01 a share, compared with net income of $13-million in same period of 2016. The net loss was mainly the result of a $6.4-million increase in gold and silver sales from the El Gallo mine, in Mexico, and a... 

First Majestic Silver Q1 earnings rise on higher silver price

By: Mariaan Webb     5th May 2017 Precious metals producer First Majestic Silver increased its first-quarter net earnings by 50% quarter-on-quarter to $2.7-million, or earnings a share of $0.02, helped by a higher silver price and lower all-in sustaining costs (AISC). The Vancouver-based miner, which operates six mines in Mexico,... 

Guanaceví mine, Mexico

By: Sheila Barradas     5th May 2017 A silver/gold mine located in the north-west portion of the Mexican state of Durango, about 3.6 km west of Guanaceví. 

Primero rallies despite cost concern; lowers guidance

By: Henry Lazenby     3rd May 2017 The New York-listed stock of Canadian precious metals producer Primero Mining has rallied by some 18% Wednesday morning after the company reported first-quarter operating and financial results, and provided 2017 guidance for the first time this year. The company’s flagship San Dimas mine, in... 

Centerra reports strong start to 2017, builds up to crescendo by year end

By: Henry Lazenby     2nd May 2017 Canadian miner Centerra Gold has impressed the market with its notable first-quarter earnings increase of 215% year-on-year, underpinned by strong performance at its flagship Kumtor mine, in Kyrgyzstan, and the Mount Milligan mine, in British Columbia. The Toronto-headquartered company reported... 

New Gold swings back into the black as Q1 revenues, cash flow rise

By: Henry Lazenby     27th April 2017 Precious metals producer New Gold has performed better than expected during the March quarter, as it benefitted from a higher metal prices and higher gold sales volumes, partially offset by lower copper and silver sales. The TSX- and NYSE MKT-listed miner reported adjusted net earnings for the... 

Goldcorp posts Q1 earnings surprise as cost-cutting measures gain traction

By: Henry Lazenby     27th April 2017 Canadian gold major Goldcorp has beaten average analyst forecasts for its first-quarter earnings as the company’s sustainable efficiency programme gains traction. The Vancouver-based miner on Wednesday reported net earnings for the three months ended March 31, of $170-million, or $0.20 a share,... 

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