The Vancouver-based company will make an advance payment of $7.5 million for the right to purchase 22.5% of the silver produced from El Mochito mine.
Honduras Mining News
Americas Market Intelligence says companies need to do their due diligence.
The company says limited access to a new area it wants to exploit makes the San Andrés mine unprofitable.
Four people died and five were injured following a landslide at an artisanal gold mine in the town of El Retiro.
The Honduran subsidiary of Aura Minerals has angered the citizens of the town of Azacualpa by removing over 350 corpses from a cemetery to make space for its San Andres open-pit gold mine.
The miner is working towards reactivating its Aranzazu and São Francisco gold projects in Mexico and Brazil, respectively.
Doomsayers may surely be relieved to read the latest posts by geologist Wayne Sedawie, who for years has travelled and investigated ancient Mayan sites, as he explains why the end of the world is not a month away.
Over $3 billion and near 15,000 job positions. That is the cost to Honduras, the third poorest country in the Western Hemisphere, as a result of a lack of rules for mining companies operating or wishing to explore in the country.