He said the over 1,000 cubic metres of liquid cyanide spilled into a local river did not cause any environmental damage to justify keeping operations suspended.
Argentina Mining News
Argentina’s presidential election, the first to be decided in a second and final round since the constitution was changed in the 1990s, will be key for the country’s economy, particularly its mining sector.
Local judge had initially ordered a five-day suspension of the leaching process, but has decided to extend it “as a precautionary measure."
The judge also ruled that a group of independent specialists should inspect the mine and take samples of soil, water and nearby vegetation.
The company also said it will spend between $850 and $900 to produce an ounce of gold this year, less than its previous forecast of between $875 and $950.
The return to higher exports would be driven in part by at least 16 major projects likely to go into production within five years.
The El Gallo mine produced 15,243 ounces of gold in the first quarter ended March 31, prior to an armed robbery of concentrate containing 6,350 ounces last month.
Catherine Raw, from one of the UK mining sector's best known fund managers, is assuming as the company's Business Performance Executive Vice President.
The company's stock is being ripped apart on both, the New York and the Toronto Stock Exchanges as a result.
As much as three quarters of investors voted in favour of a non-binding motion to change the way the gold giant compensates its executives.
Chinese companies, private equity firms including Mick Davis’s X2 Resources, and even Teck Resources are rumoured to be among the potential buyers.
The Canada Pension Plan Investment Board will vote against the gold miner’s executive compensation structure next week.
The country's Superintendence for the Environment (SMA) also said the miner has not properly monitored the impact on nearby glaciers.
The country's Environmental Court handed Monday a major victory to Barrick’s besieged Pascua-Lama gold, copper and silver project, straddling the border with Argentina.
Japan's top smelter, Pan Pacific Copper, will have to pay $11.9 million for breaching several environmental rules.
Just two years ago, Galaxy Resources Ltd. was overleveraged and unfocused.
$2.3 billion charge against Cerro Negro mine in Argentina one writedown too many for battered investors.
Yamana Gold (NYSE:AUY, TSX:YRI) will start construction of its Cerro Moro gold-silver project in the southern Argentine province of Santa Cruz, the Toronto-based gold producer announced last week.
In this interview with The Mining Report, Desormeaux notes that lithium is less dependent on short-term economic cycles than commodities like oil and copper, and says demand for lithium will grow faster than the global economy.
US$229 million to build.
New evidence has emerged of China's interest in digging for oil, gas a minerals in the frozen continent.
The move will see the miner taking control of the Borden Gold project in northern Ontario.
McEwen Mining Inc. is pleased to announce Q4 and 2014 full-year production results.
In the meantime, the miner will receive silver produced at three other Barrick operations in South America.
Latin America-focused explorer Samco Gold on Friday announced that it would receive $88.4-million under a participation-and-option agreement, after an Argentinean court-appointed expert arbitrator had quantified damages in the matter between one of Samco’s directors and Northern Orion Resources (GNOR), now named 0805346 BC and owned by Yamana Gold.