BMO cuts Vale production estimates after additional mine closure
BMO Capital Markets has cut Vale’s (NYSE: VALE) iron ore production estimate this year by a further 30 million tonnes due to the continued suspension of the miner’s Brucutu mine,…
South America
Toachi advances La Plata project in Ecuador
Toachi Mining (TSXV: TIM) is trenching its Guatuza gold-copper target at its La Plata volcanogenic massive sulphide (VMS) project in Ecuador. It plans to drill Guatuza in the second half…
Colombia, Ecuador & Peru Snapshot: Eight juniors on the hunt for minerals
Despite centuries of local mining history, the northern Andes remain under-explored by modern standards, and the region stands as one of the favourite destinations of the world’s mineral explorers. Here…
Reunion Gold completes resource on Nivre following Barrick deal
A drill program last year to validate historic resources at Reunion Gold’s (TSXV: RGD) Nivre deposit in French Guiana has resulted in a 43-101 resource that is similar to its…
Leagold achieves higher gold production with 2018 acquisitions
Leagold Mining (TSX: LMC; US-OTC: LMCNF) produced 302,550 oz. gold in 2018 from its four operating mines at US$974 all-in sustaining costs (AISC) for a US$83.2 million AISC margin. The…
Blue Sky Uranium proposes low-cost operation at Ivana
Blue Sky Uranium (TSXV: BSK; US-OTC: BKUCF) has unveiled a preliminary economic assessment (PEA) for its Ivana uranium-vanadium deposit at its wholly owned Amarillo Grande project in Rio Negro, Argentina,…
Salazar Resources set to dust off neglected portfolio
After riding out a decade of political and market instability, Ecuador-focused junior Salazar Resources (TSXV: SRL) has emerged with funds and a new focus to explore its portfolio of early-stage…
TSX Venture falls, March 4-8: Maverix Metals, Aurania, Novo
The S&P/TSX Venture Composite Index fell 1.13% to 618.08 in the first week of March, after a strong close to February. Shares of Maverix Metals rose 36¢ to $2.69. The…
Aurania Resources finds more copper at Lost Cities–Cutucu
Gold-oriented Aurania Resources (TSXV: ARU) is finding as much copper as gold in the early innings of exploration at its Lost Cities–Cutucu project in southeastern Ecuador. In January the junior…
US markets down, March 4-8: Yamana, Goldcorp, Alamos, Kinross
The Dow Jones Industrial Average fell 2.21% to finish the week at 25,450.24, and the S&P 500 Index lost 2.20% to end the week at 2,743.07. Spot gold rose US$4.80…
TSX slips, March 4-8: Serabi, Euro Sun and North American Palladium
Canada’s benchmark index fell 0.44% to 15,996.21 to start March 2019 after a strong February. The S&P/TSX Global Mining Index rose 0.43% to 73.60, and the S&P/TSX Global Gold Index…
Gran Colombia Gold works with artisanal miners
With several underground mines and two processing plants at its Segovia and Marmato operations in Colombia, Gran Colombia Gold (TSX: GCM; US-OTC: TPRFF) is the South American country’s largest underground…