South American Mining News

Chile's Antofagasta shares dive despite record profit in 2011

Shares of Chilean miner Antofagasta PLC (LON:ANTO) were down 3.1% this morning after the company disappointed market hopes for a whopping special dividend and announced instead a cut on dividends and an increased spending on growth projects.

Cascadero Copper Corporation; highlight: discovery hole-Las Burras copper-moly-gold porphyry system

Cascadero Copper's (TSX VENTURE:CCD) 50% owned subsidiary Salta Exploraciones SA (Salta) received assays on its recently completed six (6) core hole drill program consisting of 1,664.7 metres on the Las Burras copper-moly-gold porphyry prospect in Salta