Yamana Gold sells Gualcamayo to Mineros in $85 million deal

Mexican silver miner, First Majestic, announced a friendly acquisition of Silvermex Resources for Can$175 million.

Canadian base-metals miner Hudbay Minerals (TSX:HBM)(NYSE:HBM), rose the capital cost estimated of its giant Constancia copper project in Peru by about 50% to $1.5 billion, mentioning both scope changes and inflation as reasons.

Argentinian gold and silver miner, Extorre Gold Mines (TSX:XG), announced a preliminary economic assessment showing their Cerro Moro gold-silver project producing 848,000 ounces of gold and 47.2 million ounces of silver.

The creation of the world’s first national protocol on sustainable and socially responsible mining was discussed at a meeting held in Argentina last week, called by the government of president Cristina Fernandez.

Ecometals Limited announced after the market close on Friday that is has been forced to give Ecuador Capital Corporation more time to come up with a final payment of $1,750,000 for its Condor Gold Project in Ecuador.

White Tiger Gold (TSX:WTG) is worth only one-tenth of what it was last year and news out late on Friday will do little to restore investor confidence in the Canada-Russia gold miner.

Galaxy has spent the last 18 months searching the world for a high quality, undeveloped lithium brine deposit and we believe Lithium One's Sal de Vida lithium-potash project in Argentina fits that criterion. The Sal de Vida brine chemistry is highly favourable, with high levels of lithium and potash and low levels of magnesium and sulphate impurities.

Uranium Energy Corp ("UEC" or the "Company") (nyse-amex:UEC) and CUE Resources Ltd. ("CUE")CA:CUE 0.00% are pleased to announce that UEC's acquisition of CUE by way of a plan of arrangement (the "Transaction") has closed, effective at 12:01 am on March 30, 2012.

Baja Mining (TSX:BAJ) shed 5% on Wednesday on higher than usual trading volumes, after releasing an update on its Boleo copper-cobalt-zinc project in Mexico.