Latin America Top Stories

Vale returns looking for low-cost debt after Brumadinho tragedy

Vale is on course to end 2019 with roughly $18…

Autonomous drones to lead the way in mining surveillance technology — report

The technology is impactful, as it has the ability to…

Latest Stories

Anaconda Mining posts fifth straight quarterly loss

Canadian gold miner Anaconda Mining Inc posted a fifth-straight quarterly loss, but expenses were lower from a year-ago levels and production rose sequentially. Net loss for the third quarter was $1.9 million, or 1.5 cents a share, compared with a loss of $2.2 million, or 2.5 cents per share, a year ago.

Peru Miner Milpo to Invest $400 Million in Copper Project: Bloomberg

Bloomberg reports: Cia. Minera Milpo SA, a Peruvian zinc and lead miner, won the bidding for a copper and molybdenum deposit stripped from Inca Pacific Resources Inc. (IPR) last year and will invest $400 million in the project, the government said. Lima-based Milpo will start up the Magistral deposit in the northern Andes in 2015, state investment promotion agency Proinversion said today in an e-mailed statement. Peru canceled Vancouver-based Inca Pacific’s concession in October, alleging the company failed to meet investment commitments.

SIGN UP FOR OUR DAILY NEWSLETTER

Coeur says Morales Administration won’t nationalize San Bartolomé mine

Bolivian officials says President Evo Morales will announce on May 1 that he is dismantling Bolivian mining's "privatization model" and will nationalize former state-owned mines. Coeur d'Alene Mines announced Thursday that it has received assurances from the Morales Administration that its San Bartolomé silver mine is not targeted for any proposed mining nationalization in Bolivia.

Silver stocks fall on Bolivian nationalisation fears

The shares in some North American silver miners fell sharply on Thursday after Bolivia's leftist government said it might rescind concessions on four mines in the country run by Glencore International Ltd [GLEN.UL] affiliates and Canada's Pan American Silver Corp (PAA.TO: Quote)(PAAS.O: Quote).

Greystar shareholders clean house over Angostura mine project delays

After years of frustration, Greystar Resources shareholders successfully campaigned to dump CEO Steve Kesler and the board of directors in the aftermath of continued delays in its Angostura gold-silver project in Colombia. Greystar (TSX, AIM: GSL) has been working on the development of Angostura for 15 years, investing C$153 million thus far in the US$1 billion project.

Fresnillo says Q1 silver dipped but gold production at record

Fresnillo Plc (FRES.L: Quote), the world's largest primary silver producer, said silver output declined in the first quarter, although gold production rose to a record. The Mexican precious metals miner (FRES.MX: Quote) said silver production fell 2.2 percent to 10.1 million ounces, including output from the Silverstream agreement, on lower ore grades at the Fresnillo mine.

Mercator Minerals acquires Creston Moly Corp. for C$195 million

Vancouver-based Mercator Minerals has acquired Creston Moly Corp. in a stock and cash deal amounting to C$195 million, Mercator announced Tuesday in a press release. Under the arrangement, Creston shareholders will receive 0.15 of a Mercator common share and $0.08 in cash, for each common share of Creston — representing a respective 43% and 40% premium on the companies' share prices as of market close on Friday.