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Yamana Gold sells Argentina mine, reports lower adjusted earnings

By: Creamer Media Reporter      26th October 2018 Canadian gold and silver miner Yamana Gold will sell its Gualcamayo mine, in San Juan, Argentina, to Colombia-based Latin American gold producer Mineros and has granted that company an option to acquire up to 51% of its La Pepa project in Chile. Yamana will receive $30-million in cash upon... 

Sibanye secures minimum 20% stake in Argentina copper/gold project 

By: Marleny Arnoldi     26th October 2018 JSE- and NYSE-listed precious metals miner Sibanye-Stillwater on Friday announced the conclusion of a transaction with Regulus Resources and the newly formed Argentinian subsidiary of Regulus, Aldebaran Resources, which was established to unlock value at its Altar copper/gold project, in San Juan... 

Liebherr celebrates mining solution milestones

20th July 2018 Three of Swiss mining and construction manufacturer Liebherr Group’s hydraulic excavators have been provided to the mining industry for up to 18 years. The R 9100, R 996B and the R 9350 have been available for between five and 18 years. The current range of Liebherr Mining hydraulic excavators... 

NGEx to fast-track study on Josemaria

By: Mariaan Webb     4th July 2018 Canadian mining company NGEx has announced that it will conduct a prefeasibility study (PFS) on the Josemaría copper project, in San Juan, Argentina, evaluating the potential to develop an openpit mine and process plant. The deposit is currently part of the company’s Project Constellation... 

Sibanye enters into strategic exploration partnership to unlock value in Argentina

By: Nadine James     29th June 2018 Precious metals miner Sibanye-Stillwater has entered into an agreement with TSX-listed Regulus Resources, and its newly formed subsidiary Aldebaran Resources, to create a strategic partnership to unlock value at the Altar copper/gold project, in San Juan province, Argentina. Under the terms of... 

B2Gold beats Q3 production forecast

By: Henry Lazenby     13th October 2017 The TSX-listed stock of gold producer B2Gold rallied more than 3% on Friday morning following the company reporting better-than-expected gold output for the three months ended September 30. The Toronto-headquartered company reported consolidated gold output of 135 628 oz, including 6 340 oz of... 

Miner Golden Arrow looks toward fourth discovery as revenue rolls in

By: Henry Lazenby     28th September 2017 “Finally, we’re in production.” Those were the jubilant words of Golden Arrow Resources president and CEO Joseph Grosso to shareholders on Wednesday, during the company’s annual general meeting – the first face-to-face meeting since the company catapulted from explorer, to precious metals... 

Argonaut adds resources at its two operating assets

By: Henry Lazenby     23rd September 2017 On the heels of pouring first gold at its brand-new San Agustin project earlier this week, Mexico-focused miner Argonaut Gold has also increased the pit-constrained resources at its two operating mines, the company has advised. At El Castillo, the Toronto-based miner added about 328 000 oz of... 

Appointments follow acquisition of only US PGMs miner

25th August 2017 Independent mining group Sibanye has appointed three executives following its acquisition of the only platinum group metals (PGMs) miner in the US, Stillwater Mining, in May, when its organisational structure subsequently repositioned from a divisional commodity structure to a geographical... 

Barrick, Shandong complete $960m deal

By: Megan van Wyngaardt     3rd July 2017 Barrick Gold has completed the sale of a 50% interest in the Veladero mine, in the San Juan province of Argentina, to Shandong Gold Mining for $960-million. The formation of a 50:50 joint venture at Veladero is the first of three steps outlined in a strategic cooperation agreement signed by... 

Veladero strike ends; formal dialogue with trade union estabished

By: Henry Lazenby     29th May 2017 Workers belonging to the AOMA union at the Veladero mine, in San Juan province, Argentina, has restarted work on Monday afternoon after downing tools early on Sunday. Barrick did not elaborate on the union’s issues of concern, but said it is in dialogue with union leadership to “seek a timely... 

Thornton joins Barrick top brass in Argentina after Veladero pipe rupture

By: Bloomberg     11th April 2017 Barrick Gold executive chairperson John Thornton flew to Argentina after authorities threatened to rescind the licence for the Veladero mine on the same day the company agreed to sell half the asset. Thornton joined president Kelvin Dushnisky, COO Richard Williams and CFO Catherine Raw in... 

La Libertad mine, Nicaragua

By: Sheila Barradas     10th March 2017 A gold mine located about 110 km east of Managua, the capital of Nicaragua. 

MGX expands petro-lithium land-holdings in Alberta, Utah

By: Henry Lazenby     3rd March 2017 Lithium-focused junior MGX Minerals has significantly expanded its petro-lithium land-holdings in North America by claim staking, expanding its portfolio in Alberta and Utah. The Vancouver-based miner, which operates lithium, magnesium and silicon projects throughout British Columbia and Alberta,... 

Argonaut secures 420 ha mineral concession from Fresnillo

By: Henry Lazenby     24th February 2017 TSX-listed Argonaut Gold has secured 420 ha of land under mineral concessions owned by a subsidiary of Fresnillo, and which covers known projections of mineralisation that are part of its 100%-owned El Castillo mine, in Mexico. Argonaut subsidiary Minera Real Del Orohas has entered into an... 

Sibanye to acquire US platinum miner for R30bn

By: Martin Creamer     9th December 2016 Precious metals mining company Sibanye Gold has entered into a definitive agreement to acquire all of the outstanding common stock of Stillwater Mining Company of the US for R30-billion ($2.2-billion). The $18-a-share offer represents a premium of 23% to Stillwater’s prior day closing share... 

Argentina approves restart of Barrick’s Veladero mine

By: Henry Lazenby     4th October 2016 The world’s largest gold miner by output Barrick Gold has been given permission to restart operations at its Veladero mine – one of its cornerstone mines – in San Juan, Argentina. Operations at the mine were suspended on September 15, a week after falling ice damaged a pipe carrying... 

Barrick sees ‘perfect storm’ brewing around cost-effective renewables

By: Creamer Media Reporter      20th September 2016 Renewable-energy sources have reached the stage where they can reduce energy costs as well as emissions, Barrick Gold’s senior manager of energy and greenhouse gases (GHGs), Russell Blades, tells Energy and Mines. “We are seeing a ‘perfect storm’ brewing around renewables. Solar and energy... 

Barrick says Argentina mine may resume within two weeks

By: Reuters     19th September 2016 Barrick Gold's Veladero gold mine, in Argentina, one of its five core mines, could resume operations in the next two weeks, Barrick president Kelvin Dushnisky said in an interview on Monday. "I am hopeful that it could be up and going in that kind of two-week window depending on how the... 

Barrick’s Veladero ops suspended after heap-leach breach

By: Henry Lazenby     15th September 2016 Operations at one of Argentina’s largest mines have been suspended following a tailings breach. Barrick reported Thursday that the government of San Juan province temporarily suspended operations pending further inspections of the mine's heap-leach area, after a chunk of ice rolling down the... 

Anglo dangles goody-two-shoes Grosvenor to lure coal buyers

By: Martin Creamer     12th May 2016 At most other times in the mining cycle, news of the sale of a goody-two-shoes metallurgical coal asset like Australia’s Grosvenor would have had buyers queuing up to buy. But disposal of even alluring resources in today’s uncertain and low-price environment needs to be accompanied by an enticing... 

Difficulty in selling mines may result in the closure option coming to the fore

By: Martin Creamer     11th March 2016 Because most mining majors do not want to give mines away at fire sale prices, the expectation is growing that care-and-maintenance options may take centre-stage. As things stand currently, for-sale notices are ubiquitous, with the likes of Anglo American, Freeport-McMoRan, Vale, Rio Tinto, BHP... 

Samarco disaster to cut BHP Billiton iron-ore output

By: Esmarie Iannucci     20th January 2016 Global mining giant BHP Billiton has cut its iron-ore production expectations for the 2016 financial year by 10-million tonnes, to 237-million tonnes, following the suspension of operations at its Samarco joint venture, in Brazil. Operations at Samarco were suspended in November following a... 

The changing of an era in Argentina

3rd December 2015 Argentina last week voted in a new pro-business President, Mauricio Macri. This major change in government signifies an end to the leftist populism and starts the engines for a new economic focus designed to restore Argentina to the economic powerhouse it once was. This is the first government... 

The changing of an era in Argentina

3rd December 2015 Argentina last week voted in a new pro-business President, Mauricio Macri. This major change in government signifies an end to the leftist populism and starts the engines for a new economic focus designed to restore Argentina to the economic powerhouse it once was.  This is the first government... 

Defiant McEwen fails to meet NYSE share price threshold

By: Natalie Greve     26th November 2015 Growing gold and silver producer McEwen Mining’s plans to regain compliance with the NYSE’s minimum share price requirement have been scuppered, with the company failing to meet the bourse’s requirement that the average closing price of a listed company's stock remain above $1 a share over a... 

Argentinian elections heat up as resource sectors offer country platform for recovery

By: Simon Rees     17th July 2015 It is likely that the new administration of Argentina, which heads to the polls later this year, will be more business friendly and market orientated, with mining and other natural resource sectors playing an increasingly significant role. “The money will start to flow in again once Argentina... 

Casposo mine, Argentina

By: Sheila Barradas     13th March 2015 A gold/silver deposit, situated about 150 km north-west of San Juan, in the Department of Calingasta, San Juan province, Argentina. 

Silver Wheaton gets involved in Barrick, Primero CSR projects

By: Henry Lazenby     8th August 2014 The world’s largest precious metals streamlining firm Silver Wheaton this week announced that it had recently committed to provide financial support for corporate social responsibility (CSR) programmes in mining communities where Silver Wheaton bought its precious metals. The Vancouver-based... 

Navaho goes after Argentine coal projects

By: Esmarie Iannucci     2nd May 2014 ASX-listed junior Navaho Gold has moved to acquire privately held Argentine firm Excarb, which owns the rights over several prospective coal projects in Argentina. Under the terms of the agreement, Navaho would purchase Excarb through the issue of more than 17.8-million shares, subject to... 

Veladero mine, Argentina

By: Sheila Barradas     18th April 2014 A gold mine, located in the San Juan province of Argentina, immediately to the south of the Pascua-Lama property, in the highly prospective Frontera district. 

Argentinean investors keep eyes on tax, provincial attitudes and union activism

By: Simon Rees     10th March 2014 Tax, the rise in union activism and a variance in provincial attitudes towards mining are central issues for those investing in Argentina’s mining sector, Holt Abogados partner and Argentinian mining law specialist Florencia Heredia told delegates at the Norton Rose Fulbright roundtable on Latin... 

Del Toro mine, Mexico

By: Sheila Barradas     14th February 2014 A silver mine, located in the Chalchihuites mining district, in the north-western part of the state of Zacatecas, Mexico. 

McEwen Mining updates Argentina project PEA

By: Henry Lazenby     23rd September 2013 Miner and project developer McEwen Mining on Monday published the results of an updated preliminary economic assessment (PEA) for its Los Azules copper project, in San Juan province, Argentina, demonstrating that it has the potential to become one of the largest, lowest-cost copper mines in the... 

McEwen Mining takes a close look at growth-cost alternatives

By: Henry Lazenby     16th May 2013 Faced with lower gold and silver prices and challenging capital markets, miners are being forced to look closer at low-cost alternatives to grow profitability, prompting metals producer McEwen Mining to expand its existing El Gallo 1 mine, in Mexico. McEwen on Thursday announced output from its... 

Azure divests of noncore assets

By: Esmarie Iannucci     19th March 2013 ASX-listed junior Azure Minerals on Tuesday told shareholders that it has sold off two of its non-core projects in Mexico for $100 000. The sale of the Estacion Llano and San Juan projects was in line with the company’s strategy of gaining value from its projects, while also seeking new... 

McEwen Mining lifts Argentina project resource

By: Henry Lazenby     6th February 2013 Canadian miner and project developer McEwen Mining has lifted the National Instrument 43-101-compliant inferred resource at its fully owned Los Azules copper project, in Argentina’s San Juan province, by 29% to 13.95-billion pounds. However, the contained copper in the indicated resource... 

Company Announcement: Canadian Major to Earn Back into Las Openas Gold Project

6th February 2013 Genesis Minerals Limited is pleased to announce that diversified Canadian miner Teck Resources Limited, through its subsidiary Teck Argentina Ltd, has delivered notice that it has elected to earn back a stake of 60 per cent in Genesis’ Las Opeñas Project in San Juan, Argentina 

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