The founder of McEwen Mining and Goldcorp believes prices for the precious metal will reach $5,000 an ounce in a matter of years.
Argentina Mining News
The unit is expected to help speed up the approval of legislation that allows the exploration and exploitation of the country’s vast lithium deposits.
Stars aligned for Golden Arrow when Chinchillas was ready to move to production and the company only had to look 18 miles down the road to Silver Standard's Pirquitas mine and its established production facility.
In addition to raising costs for miners and delaying certain projects, the focus on the amount of water used by the extraction industry in the region will boost social pressure and anti-mining sentiment, experts say.
Mineralization was discovered at La Niquelina in 1944, with modest production from a small underground mine in the early 1950's.
Deal will also see the two firms looking at jointly developing the nearby Pascua-Lama gold, silver and copper project and evaluating additional investment opportunities in the area.
Veladero could fetch more than $1 billion despite operational setbacks.
Measure is temporary, pending more information on what happened and the possible consequences of the new incident, San Juan’s governor said.
A local government spokesman said a pipe carrying a “rich mixture” of gold and rocks came lose on Tuesday night, but no official information has been disclosed.
The country's mining regulator will have to issue a new temporary closure plan for the project, including comments from other government offices.
The Gochagar Lake project, until now property of Diamond Hunter, consists of four claims covering 3,759 hectares located in northern Saskatchewan.
The company is focusing on assets with the potential to add as much as 1.1 million ounces of gold to its total output beyond 2021.
The proposed friendly acquisition will give McEwen access to advanced exploration stage properties located in the heart of Timmins Gold Camp, northern Ontario.
Through a quietly released official announcement, the Federal Environment Secretary of Argentina, Sergio Bergman, informed that Argentina’s National Glacier Inventory has just completed a glacier count in the controversial Famatina Mountains.
But lower all-in sustaining costs mitigated the impact of decreased production, preliminary full-year figures show.
Moves is expected to help the copper giant cope with a recently passed law that forces it to give 10% of its revenues to the armed forces.
Cornish Lithium Limited is hoping to lead the development of a lithium industry in the UK after acquiring the rights to drill for the mineral in the ancient mining region of Cornwall.
The strike has not had a significant impact on mine and consolidated production, the company said.
World number four miner announces ambitious production, reserves and cost-cutting targets.
Annual consolidated production in 2016 was 145,530 gold equivalent ounces, down from the 154,529 gold equivalent ounces mined in 2015, but liquid assets now worth $64 million.
Operations have been halted since Friday, when one of the two unions blocked all access to El Peñón as a way to press management.
The Vancouver-based company plans to complete 6,000 metres of additional drilling at Filo del Sol, its flagship project.
Instead, the company is moving forward with a new prefeasibility study for the Argentina-based asset.
The project, known as Laguna Verde, is located in the country’s north, known for its vast salt flats under which experts say there is enough of the commodity to supply the world for decades.
Top gold producer's plans to revive giant Pascua Lama gold-silver-copper project on course after Chile rejects community attempts to block revisions.