Peru Mining News

World's top 20 silver mining companies

Switzerland's Glencore jumps to number 2 on ranking of top silver miners by output.

Canada’s Trevali picks up Glencore zinc mines in Africa

The deal, worth about $400 million, will make Trevali the first pure zinc producer with operations in North and South America as well as Africa.

Argentina to pass new mining law this week

Governments, industry players, unions expected to sign federal mining agreement this week, which aims to double investment in the sector to $25bn in eight years.

Peruvian Supreme Court rules against Newmont

The Supreme Court of Peru has ruled in favour of a farmer that Newmont Mining (NYSE:NEM) claimed was illegally occupying land it wanted to develop into the Congo mine.

Freeport’s Cerro Verde copper mine resumes normal operations

The news follows the end of a historically long 43-day strike at BHP Billiton’s Escondida, the world's biggest copper mine in neighbouring Chile.

Silver Wheaton may soon be named Wheaton Precious Metals

The Vancouver-based precious metals streaming company announced the plan while posting a fourth quarter revenue increase of 29% to $258 million, up from $200 million last year.

Workers at Freeport’s Cerro Verde copper mine to go on indefinite strike

Around 1,300 unionized miners plan to start an indefinite stoppage at Peru's largest copper mine beginning March 24.

Barrick mulls selling part of Peru mine, bringing partner — report

Rumours come a year after the gold miner vowed to spend $640 million to extend the life of Lagunas Norte, worth about $1.4 billion according to industry experts.

Chile’s Supreme Court casts shadow over Barrick’s plans to restart Pascua-Lama

The country's mining regulator will have to issue a new temporary closure plan for the project, including comments from other government offices.

Great Panther is on the prowl for acquisitions

Great Panther Silver's modus operandi is to buy a past-producing mine, get it up and running as quickly as possible, and use the cash flow to fund more acquisitions, says CEO Bob Archer

Glencore sells two Africa zinc mines to Canada’s Trevali

The $400 million-deal will make of Trevali the first pure zinc company with operations in North and South America as well as Africa.

Copper supply disruptions push prices up

Disputes at BHP Billiton’s Escondida mine in Chile, the world's biggest copper mine, and Freeport’s Grasberg and Cerro Verde mines, are also having a significant effect on global supplies of concentrate.

Freeport’s Cerro Verde copper mine in Peru hit by strike

The mine produced just under 500,000 tonnes of the red metal last year, making it Peru's largest copper operation.

Copper price falls to 8-week low

Strike at Freeport's giant Peru mine takes offline world's three biggest mines, but worries about demand drops copper after huge jump in warehouse stocks.

Top 10 lowest cost gold mines make money if price falls 50%

The top 10 ranking of the lowest all-in cost gold mines in the world – former US president Herbert Hoover was once in charge of no. 8 on the list.

Here's the latest scoop on Barrick's projects

The company is focusing on assets with the potential to add as much as 1.1 million ounces of gold to its total output beyond 2021.

Copper price drops despite outages at world's biggest mines

Strike at Escondida, export ban and smelter problems at Grasberg and community clashes at Las Bambas.

Southern Copper wants to shoot the lights out

World number five producer adding 600,000 annual tonnes in six years.

The world's 10 largest copper mining projects

INTERACTIVE MAP: Together reserves at the global top 10 copper mining projects are worth more than $360 billion.

Barrick’s gold output fell almost 10 percent in 2016

But lower all-in sustaining costs mitigated the impact of decreased production, preliminary full-year figures show.

Goldcorp sells mines in Mexico, Guatemala for about $470 million

As part of the world's third largest gold producer by market value's ongoing efforts to focus on highly profitable, core assets.

Southern Copper's $1.2bn Peru mine expansion ready by year-end

The new section of the Toquepala open-pit mine in southern Tacna, Peru, is expected to begin operations in early 2018.

Vancouver junior surges after Goldcorp injection

Auryn Resources will use the C$41 million for 55,000m of exploration drilling across six gold-copper-silver projects in Canada and Peru this year.

Great Panther's savvy Coricancha acquisition provides 'substantial upside'

The deal Great Panther announced last month to acquire Coricancha in Peru from Nyrstar is getting high marks from one analyst.

Newmont facing up to $1.2B impairment charge due to upcoming Yanacocha closure 

As every mining company knows, closing a mine can be costly, especially one the size of Newmont's (NYSE:NEM) Yanacocha in Peru.