Latin America Mining News

Antofagasta shares hit by copper and gold production falls

Shares of Chilean miner Antofagasta PLC (LON:ANTO) were down over 4% at 11:20 ET after the company announced yesterday that its first-quarter copper production fell almost 13% amid rising development and maintenance costs.

Argentina's Parliament approves YPF takeover bill, irritating mayor foreign investors

Argentina's Congress voted 208-32 to move forward with a bill giving President Cristina Kirchner the green light to seize a 51% stake in the country's largest oil and gas producer, YPF SA from Spain's Repsol YPF SA.

Why every miner wants to be Colombia’s new best friend

Once tinted by drug cartels and civil war, Colombia is now one of Latin America’s fastest growing markets and, according to the World Bank, the most secure country in the region in which to do business. Since yesterday, the country also has a new national mining agency, which is already looking for foreign investments to expand existing production and explore areas where rich deposits of key resources are suspected.

Torex Announces Measured and Indicated Resource of 4.8 Million Ounces of Gold at Morelos

Torex Gold Resources Inc. (the "Company" or "Torex") (TSX:TXG) is pleased to announce an updated National Instrument ("NI") 43-101 compliant measured and indicated mineral resource estimate ("M & I") of 4.8 million ounces of gold at its 100% owned Morelos Gold Project in Mexico.

Blockade lifted at BHP's Escondida mine

Mine access roads blockaded by contractors at BHP Billiton's Escondida mine have been re-opened.

Eldorado Gold reports $67 million profit in Q1

Gold miners were caught in an ugly slide in the S&P/TSX Composite Index today, which shed 215 points in reaction to another poor economic report coming out of the US.

Contractors protest at BHP Billiton's Escondida in Chile

Contract workers blocked some roads to Chile's Escondida copper mine, the world's largest, on Thursday in a bonus dispute, although production operations weren't halted

Brazil mining investment to top $75 billion by 2016

Brazilian investment in mining is about to shatter a five-year record.

Grupo Mexico profit jumps 35% on higher production

Major copper producer Grupo Mexico reported a 35% jump in first-quarter profit, helped in part by higher mine production numbers.

Colombia to spend nearly $1.3 billion in coal-related ports expansions

Colombia’s leading coal producers are increasing investments dramatically to improve and expand their ports, in what is considered a key move for rising coal production in the country to 120 million tons within by 2014.

Brazilian Gold gives long-suffering investors something to smile about

Brazilian Gold Corporation jumped 13.5% on Wednesday on three times usual trading volumes, after announcing positive metallurgical test work at its São Jorge deposit in northern Brazil.

Southern Silver’s 2012 drill program extends mineralized zone at Mexico’s Cerro Las Minitas project

Canadian Southern Silver Exploration Corp.(TSXV:SSV) announced that drilling at its Mexico’a Cerro Las Minitas project continues to extend mineralized structures at its Blind Zone and El Sol deposits.

Sienna's winning streak halted by new Peru drill results

Even after today's heavy losses it is still showing gains for the year of 86%.

Rio Silver signs community agreement for its Niñobamba project in Peru

Canadian junior Rio Silver Inc. (TSX.V: RYO) announced it has signed a community agreement to begin the initial exploration program at its flagship Niñobamba silver project, located about 330 kilometres southeast of Lima, in the Department of Ayacucho, Peru.

Barrick makes investors day by hiking dividend 33%

Barrick Gold Corp. (TSX:ABX) increased its quarterly dividend by 33%, as the company announced Wednesday a 3% increase in its first-quarter profit.

Yamana's Q1 net earnings up 15% to $170 million

Yamana Gold (TSX:YRI) announced that net earnings increased 15% to $170 million, $0.23 per share in first quarter of 2012.

Newmont looking at other options if Conga costs continue to climb

Newmont Mining could reallocate project funds if an ongoing evaluation of the environmental impact study for its $4.8 billion Conga mine turns economically unfavourable, CEO Richard O'Brien said.

Xstrata copper production down, but Q1 financial performance solid

Anglo-Swiss Xstrata Plc. (LON:XTA) reported today mixed production results for its first quarter, with copper production declining 18%, but said operating and financial performance remains strong.

Alamos Gold Q1 profit jumps 65 pct

Strong gold price and a tax gain helped boost the gold miner's net income to $29.5m from $17.9m a year ago

Southern Copper Q1 net income jumps 30 pct

The copper miner said a 13% jump in sales amid lower operating costs during the period helped offset weaker metals prices

Courts tell Goldcorp to suspend El Morro construction

The Supreme Court of Chile suspended Goldcorp's (GG: NYSE; G: TSX) environmental permit for the El Morro copper-gold project.

Teck cashes in on Chile’s copper

For centuries, pilgrims have thronged to the Chilean mountain town of Andacollo – to worship at the historic church and to mine the dusty hills for copper. Now a new wave of pilgrims is worshipping at the altar of Andacollo – Canadians, in the form of Teck Resources Ltd., which that has spent more than US$ 440 million expanding an open-pit copper project on the edge of town.

Argentina's Supreme court demands environmental reports used to approve Barrick's Pascua Lama

The Argentine supreme court has ordered the national and the San Juan provincial governments to submit the environmental reports that were used to approve Canadian miner Barrick Gold's (NYSE: ABX) bi-national Pascua Lama gold-silver project, a source from the court told BNamericas.

North America to lead energy investments in 2012: analysts

North America will head global energy investments this year, driven by boom in unconventional production, with a $392 billion on upstream capital and operating expenditures in the region, say global consultants from IHS.

Newmont’s profit grows 9% despite Peru’s Conga Mine project difficulties

Newmont Mining Corp. (NYSE and TSX: NEM) reported a 9% increase in first-quarter profit to $561 million, or $1.13 a share, despite the ongoing troubles with its hindered $4.8 billion copper-gold project in Peru, the Conga mine.