The proposed friendly acquisition will give McEwen access to advanced exploration stage properties located in the heart of Timmins Gold Camp, northern Ontario.
Argentina Mining News
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.
The gold producer said the region will play an increasingly important role in its growth strategy.
Based on the conglomerate's estimates, opening such plant would increase value of the product 35 times, comparing to what it could be obtained by just selling it as lithium carbonate.
The potential sale of a 50% stake in Veladero mine could fetch Barrick more than $1 billion, sources familiar with the matter say.
The miner plans using proceeds from the exercise of the purchase rights and any direct sales of Brio shares to reduce debt.
The miner said it didn't expect the18-day suspension to have a significant impact on its 2016 operating guidance for Veladero.
The Casposo gold-silver mine will soon be milling ore again.
Peru’s significant copper project pipeline and Brazil’s competitive iron ore sector will consolidate them as main drivers of investment in Latin America’s mining sector, says BMI Research.
The incident happened on Sep. 8, when a pipe carrying process solution in the heap leach area was struck by a large block of ice that had rolled down the heap leach valley slope, Barrick said.
Mr. Ochoa is a seasoned executive, bringing more than 25 years of operational experience to the McEwen team and will be instrumental in the continued growth and development of our projects.
George Bee will assume as vice president of the Argentine side of the project effective Sep. 12.
The country began shipping lithium to China this week, in what is considered the first step towards fulfilling its ambitions to becoming the world’s No. 1 exporter of the commodity.
Silver is up 40% to date, while gold has only gained about 28%.