Lundin Gold expects to reach the ore body at its Fruta del Norte project in Ecuador during the first quarter of 2019, and pour first gold at around this time next year.
Ecuador Mining News
The government turned over 70% of the Intag Valley into mining concessions, yet they didn't do a single consultation — not with the communities, not with the local authorities.
Results suggest that exploration and building remains the riskier but potentially more cost-effective alternative
Next steps include ranking its list of targets for near-term scout drilling.
Ecuador is being hailed as the biggest potential new source of supply of the metal used in renewable energy.
The company has set up a representative office in Machala, capital of Ecuador's El Oro province, historically a gold-producing region, and will use this as a base to participate in South American projects.
BHP has agreed to pay 45 pence per SolGold share.
For the 12 months to June, SolGold's pre-tax loss was A$15.3 million, compared to $8.3 million it recorded a year before.
Deal with Luminex gives Anglo the right to earn a 60% ownership interest in a JV company, which indirectly holds three copper and gold concessions in Ecuador.
The asset, discovered in 2006, is expected to produce to 4.6 million ounces of gold over a 15 year mine life. That’s 73,000 ounces more than what was indicated in the previous estimate.
BHP will gain access to SolGold's Cascabel project, in northern Ecuador, believed to have the potential to become one of the largest copper-gold assets ever discovered.
Companies can now perform non-systematic drilling during the early exploration phase of their mining concessions and without requiring an environmental license.
Company believes its Cascabel copper-gold project, 180 km north of the capital Quito, may become one of the largest copper-gold porphyry systems ever discovered.
Results of the Preliminary Economic Assessment show Cangrejos is one of the world's top 15 undeveloped gold projects based on its average annual production potential.
First Quantum will invest $1.5 million to advance exploration work at the Orquideas and Cascas assets in the first year, with the option of investing an additional $37 million over the course of the subsequent four years covered by the deal.
Up 8% at the open after intersects add more bulk to already massive Cascabel copper-gold project in north of South American country.
A judge from the Ecuadorian province of Cuenca ruled that Ecuagoldmining South America S.A violated article 57 of the country’s Constitution.
The CEO of Fortescue Metals Group said that the company is working towards finding other commodities to mine.
Ecuadorian officials have held talks with several foreign companies about the possibility of building a copper refinery.
Lundin has been developing Fruta del Norte for over a year, following an agreement with Ecuador’s government allowing the miner to move ahead with the gold project, the country's biggest.
Results from 11 of the 12 drilling rigs at its 85%-owned Cascabel copper-gold project, suggest there is much more intense mineralization in the property than thought earlier, the company said.
The project could become the first mine Codelco operates abroad.
“We want to grow to be an at least 1-million-ounce-a-year producer with three to four operations,” said Chief Executive Ron Hochstein at PDAC.
Copper ‘might be the easiest asset to work with:’ Lukas Lundin.
Newcrest to invest $250 million to take stake in Lundin Gold.