R/€ = 16.01 Change: -0.04
R/$ = 14.12 Change: -0.01
Au 1337.75 $/oz Change: 14.70
Pt 818.06 $/oz Change: 12.96


Endeavour Silver to miss 2018 guidance

By: Mariaan Webb     11th October 2018 Mexico-focused miner Endeavour Silver warned on Thursday that it would fall short of its 2018 production guidance and that its costs would also be affected, citing delayed commercial production at its El Compas mine, lower grades at Bolañitos and lower mine output at Guanaceví. In the third... 

Centenera to buy six Argentina precious metals projects

By: Creamer Media Reporter      6th September 2018 TSX-V-listed Centenera Mining has signed a binding letter agreement granting it the right to acquire up to a 100% interest in six precious metals properties in the Deseado Massif in Santa Cruz, giving the firm a meaningful foothold in the mining and exploration district. The agreement is with an... 

La Zanja mine, Peru

By: Thabi Madiba     24th August 2018 A gold and silver mine located in Pulán, Santa Cruz province, about 107 km north-east of Cajamarca region, Peru. 

Yamana’s Cerro Moro reaches commercial milestone

By: Mariaan Webb     26th June 2018 Canadian precious metals miner Yamana Gold has declared commercial production at its Cerro Moro gold and silver mine in Santa Cruz, Argentina. The mine poured its first gold and silver doré in May and subsequently ramped up to commercial production.  

Arizona Mining finds new quality zinc zones at Hermosa; enhanced PEA lifts project to global Top 5

By: Henry Lazenby     30th January 2018 The TSX-listed stock of Vancouver-based base metals explorer Arizona Mining has gained more than 25% since the start of the year, boosted by the release of an updated preliminary economic assessment (PEA) and the latest exploration results from the flagship Hermosa deposit, in Arizona, which... 

Pan American Silver develops La Morocha deposit to supplement Manantial Espejo feed

By: Henry Lazenby     22nd December 2017 A prefeasibility study on Pan American Silver's La Morocha deposit, which is part of the Joaquin project, located in Santa Cruz, Argentina, has recommended that the deposit be developed to provide supplemental ore feed for the Manantial Espejo mill. Vancouver-based Pan American said on Thursday... 

South32 tops up shareholding in Arizona Mining

By: Mariaan Webb     8th December 2017 Australia-headquartered South32 has bought another C$4.5-million worth of shares in Arizona Mining. Arizona Mining, which is advancing the Hermosa project near Tucson, Santa Cruz, said on Thursday that South32 had agreed to subscribe for an additional 1.43-million shares at C$3.14 a share. 

Samco Gold to sell all shares in Argentina subsidiary

By: Anine Kilian     21st November 2017 TSX-V-listed Samco Gold sold its shares in its wholly owned Argentine subsidiary 5R to certain shareholders of the company in exchange for the return for cancellation of 18.450-million common shares in Samco’s capital . 5R is the registered titleholder of the El Dorado Monserrat properties in... 

Yamana bets on gold price falling, locks 60% of output in option contracts

By: Henry Lazenby     26th September 2017 In the final stages of construction of the $126-million Cerro Moro project, in the Santa Cruz province of Argentina, Canadian gold major Yamana Gold has locked up about 60% of gold output in option contracts. The Toronto-based miner said on Monday that it needed to secure certainty of cash flows... 

Mirasol and Cerro Vanguardia call time on JV

By: Schalk Burger     1st September 2017 The exit by Cerro Vanguardia (CVSA) from its joint venture (JV) with  CTSX-listed Mirasol Resources for the Claudia gold-silver project, in Argentina’s Santa Cruz province, is complete. Mirasol noted on Thursday that it had received the full exploration data set comprising the results of CVSA's... 

McEwen, Primero formalise Black Fox acquisition accord

By: Henry Lazenby     29th August 2017 Gold producer McEwen Mining has signed a binding definitive agreement with Primero Mining to buy the Black Fox Complex, in the historic Timmins mining camp of Ontario, for $35-million, the company announced on Tuesday. In combination with McEwen’s earlier $54-million acquisition of Lexam VG Gold,... 

OceanaGold enters option accord for Mirasol's La Curva project, Argentina

By: Henry Lazenby     25th May 2017 Midtier miner OceanaGold has signed an option agreement with prospect generator Mirasol Resources, under which it to acquire up to 75% of the project in five stages. The definitive agreement requires multinational OceanaGold, with operations in New Zealand, Australia and the US, to make a... 

From Yukon to Patagonia, gold explorers stir after sleep

By: Bloomberg     19th May 2017 From Canada’s Yukon to southern Patagonia, outbreaks of gold-rush fever are popping up as bullion markets stage a tentative recovery. The number of holes drilled at gold deposits has been rising steadily for more than a year, according to S&P Global Market Intelligence. 

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. 

McEwen Mining closes strong week; appoints Xavier Ochoa as president, COO

By: Henry Lazenby     5th November 2016 Owner-led gold producer McEwen Mining was up 13.5% on the TSX by Friday, ending somewhat of a roller coaster week on a positive note. The stock started the week at C$3.12 a share, before climbing 18% to an intraweek high of C$3.68 a share on Wednesday, and falling again 13% to C$3.20 apiece on... 

Cerro Vanguardia mine

By: Sheila Barradas     23rd September 2016 A gold mine in Santa Cruz province, southern Patagonia, Argentina. 

Samco and PAS set Sept 1 as effective option agreement date

By: Henry Lazenby     17th September 2016 About a year-and-a-half after signing a definitive option agreement, TSX-V-listed Samco Gold and Pan American Silver (PAS) set September 1 as the effective date of the agreement. The agreement grants PAS the exclusive option to acquire a 60% interest in the El Dorado Monserrat (EDM) project in... 

Yamana to buy Samco’s Corina project after P&O agreement cancelled

By: Henry Lazenby     20th May 2016 TSX-V-listed explorer Samco Gold has terminated a 2014 participation and option (P&O) agreement with director Dr Ricardo Auriemma after a strategic review of its business, instead opting to enter into an agreement with Yamana Gold for the sale of the company's Corina property, located adjacent to... 

Pan American Silver halts ops at Argentina mine as union, workers clash

By: Henry Lazenby     18th April 2016 Primary silver producer Pan American Silver on Sunday reported that operations at its Manantial Espejo mine, in the province of Santa Cruz, Argentina, had come to a halt since last week Wednesday, after a labour conflict with the union of mine workers had resulted in a work stoppage.The... 

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... 

Mirasol options 75% of Chile gold belt projects to Yamana

By: Henry Lazenby     27th March 2015 Latin America-focused project generator Mirasol Resources has optioned 75% of the Gorbea Belt projects, in Chile, to Canadian miner Yamana Gold. Under the joint venture agreement, the option would be exercisable in three stages over a seven-year period that would see Yamana act as a strategic... 

Western Australia no longer world's best mining destination

By: Esmarie Iannucci     4th March 2015 Western Australia is no longer the world’s top jurisdiction for mining investment, the latest survey by Canada’s Fraser Institute has shown. Moving up three spots in the survey’s investment attractiveness index, Finland is now considered the best address for mining and exploration investment.... 

Yamana Gold reports big loss on S American charges

By: Henry Lazenby     12th February 2015 South America-focused gold producer Yamana Gold has reported a significant net loss for the second consecutive quarter, as impairment charges for Brazilian mines and charges for newly enacted Chilean taxes have weighed on the bottom line.  For the three months ended December 31, Toronto-based... 

Samco Gold and Pan American Silver strike definitive option accord

By: Henry Lazenby     9th February 2015 TSX-V-listed Samco Gold's Argentinean subsidiary has executed a definitive option agreement with Pan American Silver (PAS), giving PAS the exclusive option to acquire a 60% interest in the El Dorado-Monserrat (EDM) project, in Santa Cruz, Argentina. A statement released on Monday explained that... 

Gold miners report new discoveries

By: Henry Lazenby     16th December 2014 Gold producers Aurico Gold and Yamana Gold on Monday reported that 2014 exploration programmes had resulted in new discoveries at Aurico’s Kemess East project, in north-central British Columbia, and Yamana’s El Penon gold/silver mine, in Chile, and Chapada, in Brazil. TSX- and NYSE-listed Aurico... 

Samco Gold confident in setting itself apart from peers in next 12 months

By: Henry Lazenby     10th November 2014 With prospective projects located on the Deseado Massif of Santa Cruz, Argentina, a potential joint-venture (JV) partner with which to move forward on its flagship asset, and with an innovative financing agreement in place, Canadian project developer Samco Gold is on the cusp of differentiating... 

JV allows Samco Gold to sharpen focus on Corina project, Argentina

By: Henry Lazenby     12th June 2014 Argentina-focused explorer Samco Gold has recently struck an option agreement in the form of a binding letter of intent allowing proposed joint-venture (JV) partner Pan American Silver (PAS) to earn up to a 60% interest in its flagship El Dorado-Monserrat (EDM) project in Santa Cruz, freeing... 

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... 

Argentinean President congratulates Minera IRL on securing financing

By: Henry Lazenby     6th September 2013 Latin American gold mining company Minera IRL this week received personal congratulations from Argentinean President Cristina Fernández de Kirchner on securing financing for the upcoming development of the Don Nicolás gold mine, in Santa Cruz, Patagonia. Minera IRL in August said it would retain... 

McEwen Mining gets into stride with record production at lower costs

By: Henry Lazenby     9th August 2013 Gold and copper miner McEwen Mining on Friday reported record gold-equivalent production of 35 955 oz, comprising 20 988 oz of gold and 778 308 oz of silver, in the second quarter of the year. Production was up 44% year-on-year and 20% higher than in the first quarter. 
 The company, under the... 

Patagonia Gold to delist from TSX owing to low trading volumes

By: Henry Lazenby     5th July 2013 Advanced-stage explorer Patagonia Gold on Friday said it had given notice to the TSX to delist its shares, saying its directors believed the trading volume of its shares did not justify the expenses and administrative efforts associated with maintaining its dual listing on the TSX and the LSE’s... 

Patagonia Gold progresses with Argentina project ramp up

By: Henry Lazenby     14th March 2013 Toronto- and London-listed Patagonia Gold on Wednesday said its Lomada de Leiva main heap-leach project, in Santa Cruz province of Argentina was on target to achieve full operational status late in the second quarter, with an expected production target of 14 000 oz of gold for the second half of... 

Patagonia Gold CFO resigns

By: Henry Lazenby     12th March 2013 Argentina-focused project developer Patagonia Gold on Tuesday said CFO Philip Yee had resigned effective from May 27, to assume a new position as VP and CFO with a mining company in Canada. Financial director Gonzalo Tanoira would assume the role of CFO.  

Operations resume at McEwen’s Argentina JV

By: Henry Lazenby     13th February 2013 New York- and Toronto-listed McEwen Mining on Wednesday said operations at its 49%-owned San Jose mine, in Argentina’s Santa Cruz province, have resumed. The company said the employees affected by an outbreak of gastroenteritis had recovered in full. 

McEwen says Argentina operation halted owing to employee sickness

By: Henry Lazenby     12th February 2013 Gold bull McEwen Mining said operations at its 49%-owned San Jose mine, in Santa Cruz province, Argentina, were halted on Monday, owing to seventy-six employees contracting gastroenteritis. The company on Tuesday said that there were no further cases reported, all employees had recovered in full... 

Patagonia Gold on track for Q2 heap leaching at Argentina project

By: Henry Lazenby     31st January 2013 Argentina-focused gold miner Patagonia Gold is on track to start the fully permitted heap-leaching operation at its Lomada de Leiva gold mine, in the province of Santa Cruz, during the second quarter. Patagonia on Wednesday said construction of the first stage of the Lomada main heap-leach... 

Goldcorp to lift production by 10% in 2013

By: Henry Lazenby     8th January 2013 Canada’s Goldcorp on Tuesday said it expects to lift gold production by about 10% during 2013, to about 2.55-million to 2.8-million ounces, adding that it is on track to increase gold production to between 4-million and 4.2-million ounces by 2017. The company reported strong fourth-quarter gold... 

Minera IRL puts $264m NPV to Peruvian gold project

By: Henry Lazenby     30th November 2012 Latin America-focused gold miner and project developer Minera IRL said it had completed a definitive feasibility study (DFS) for the Ollachea gold project, in Peru, which endowed the project with a pretax net-present value (NPV) of $264-million. The miner on Thursday said that, at a gold price... 

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