As part of the world's third largest gold producer by market value's ongoing efforts to focus on highly profitable, core assets.
Central America Mining News
The company's Perama Hill project still needs approval to begin construction, while its larger Skouries project keeps facing opposition.
Eldorado's vice-president, Nancy Woo, says opponents’ concerns are unfounded, as the gold mine will follow all the essential European Union and Greek environmental rules.
Close to 40 masked intruders stormed into the Skouries project's facilities, causing extensive damage with firebombs and flammable liquid.
Citizens’ groups, backed by the radical leftist party Syriza that is now the second largest group in parliament, have been trying to wreck the project since 2011, when Eldorado was granted its exploration licence.
Country wants the Inter-American Commission on Human Rights (CIDH) to help it stop Goldcorp's Cerro Blanco project.
The company reports the new inferred mineral resource of 2,702,984 tonnes grading 3.97 g/t gold containing 344,664 ounces gold.
Like most of Latin America, Guatemala is to increase control over natural resources, with President Otto Perez Molina proposing a Constitutional reform that will make possible for the for the government to acquire up to 40% of the mining and exploration companies operating in the country.
On the table at the company's annual shareholder's meeting in Vancouver were cost overruns, operating costs and new funding requirements.
Exploration activities are underway at the Sierra Rosario and Battle Mountain ridge properties in Mexico and Nevada; additionally, Sparton has reserved 3.4 million common shares for purchase.
Paramount Gold and Silver discovers continuity of high silver values between San Antonio and La Veronica on its San Miguel project
Paramount started drilling earlier this year on untested gaps between deposits to evaluate the potential of continuous mineralization along the Guazapares Megastructurestructural corridor.
Financial highlight: the $17.1 million net loss of April 30, 2011 increased to $28.9 million.
Goldgroup provides permitting and project update at Caballo Blanco and election of board of directors
Having provided permitting, a project update at its Caballo Blanco project in Mexico and just announced new board of directors, Goldgroup Mining gathers no moss.
Having entered into an agreement with a syndicate of agents, led by Stonecap Securities, 7,400,000 units are on sale at $0.67 per unit or gross proceeds of up to $5,000,000. Golden Reign is also granting agents an option to purchase an additional 15% for additional gross proceeds of up to $750,000.
The government of El Salvador is warning that the future large-scale development of the Cerro Blanco mine in southern Guatemala will greatly endanger the quality of water found in the Lempa River, which supplies water not only to Guatemala but also to Honduras and El Salvador.
An indigenous Ngöbe-Buglé teenager was killed and 40 people were injured in connection with a police crackdown on dissent over mining and hydroelectric developments in Panama, where Canadian mining companies have a large presence.
Canada's Inmet Mining (TSX:IMN) reached a milestone after the government of Panama approved the environmental and social impact assessment (ESIA) for its Cobre Panama copper project.
Inmet Mining Corporation (TSX:IMN) (Inmet) announced today that its wholly-owned subsidiary Minera Panama, S.A. (MPSA) has received a letter from His Excellency, the Minister of Industry and Commerce, Roberto Henriquez, that clarifies the Government of Panama's position on the recent repeal of Law 8 of 2011, making it clear that such repeal will not impact the development of mining projects in Panama, such as the Cobre Panama project, that currently have a contract law in place in respect of their concessions.