Breakwater raises Honduran funds
Breakwater Resources (TSE) has purchased the equivalent of US$9.2 million in Honduran sovereign debt at a substantial discount to face value. The company says it then exchanged the debt for Honduran c…
News
LATIN AMERICA SPECIAL — Canada and Mexico discuss
A memorandum of understanding on developing ties between the mineral industries of Canada and Mexico was signed in Ottawa recently by officials of the two North American countries. The officials met t…
LATIN AMERICA SPECIAL — Petroleum study for South America
An agreement to manage and market a Sub-Andean Basins petroleum study has been signed by Petroleum Information Canada and ARPEL, the Latin American State Oil Co. Association for Reciprocal Assistance….
LATIN AMERICA SPECIAL — Panama boasts mining potential
Despite its massive copper potential, Panama’s first major mining operation may be gold. The country’s Cerro Colorado project is a major porphyry copper deposit. It is in the western part of the count…
LATIN AMERICA SPECIAL — Greenstone enlarging Colombia mine
The only Canadian company operating a mine in Colombia is Greenstone Resources (TSE). In a sense, the Toronto-based company was able to benefit from the negative news flowing from the South American c…
LATIN AMERICA SPECIAL — Illegal garimpeiros evicted
The government of Brazil is expelling 10,000 illegal gold prospectors from a reserve on the Venezuelan border belonging to the Yanomami indigenous people. An official from the National Indigenous Foun…
Claude proposes restructuring
A notice of intention to make a proposal under a section of the Bankruptcy and Insolvency Act has been filed by Claude Resources. Under the Act, Claude will be permitted to make restructuring proposal…
LATIN AMERICA SPECIAL — Growing mineral exploration activity
The Central American nation of Costa Rica is host to a growing number of exploration companies. The country’s placer gold deposits have been exploited from the earliest days of the Spanish colonial re…
LATIN AMERICA SPECIAL — Ecuador’s copper attracts juniors
Ecuador’s copper deposits have attracted two Vancouver juniors, Kookaburra Resources (VSE) and AG Armeno Resources (VSE), which hope to establish a solvent extraction-electrowinning operation (SX-EW) …
LATIN AMERICA SPECIAL — Economy gathers strength in the
The economy of the Dominican Republic improved markedly in 1991-92, reports the International Monetary Fund (IMF). Real gross domestic product grew by an estimated 6% in 1992 whereas inflation was est…
LATIN AMERICA SPECIAL — Greenstone makes plans for La
Wracked by civil unrest until three years ago, Nicaragua has embraced the mood of Latin America. The doors are open to foreign investment and privatization is in. The operating, 150-ton-per-day (tpd),…
Claim staking intensifies around Goose Lake find
Staking is intensifying in the Back River area of the Northwest Territories, where Homestake Mining (TSE) is said to have made a significant gold discovery. Homestake declined comment on the Goose Lak…