South America

Sierra Metals is doubling the mill capacity at its Bolivar copper-zinc-silver mine in Mexico to 2000 tonnes per day. Source: Sierra Metals

Sierra Metals keeps faith in exploration

There are two ways to look at the current rough conditions in the mining equity markets: investors can believe in the “sky is falling” scenario and stay clear for an indeterminate period of time, or they can see present conditions…


Looking northwest at the Samaniego pit at McEwen Mining's El Gallo 1 gold-silver mine in Sinaloa, Mexico. Source: McEwen Mining

McEwen Mining’s record Q2, new optimism on Argentina

Even with an after-tax, non-cash impairment charge of US$123.6 million related to the decline in metal prices and potential costs associated with a 1% tax on economically viable mineral reserves in Argentina’s Santa Cruz province, McEwen…


A ball mill at Tahoe Resources' Escobal silver mine in Guatemala. Source: Tahoe Resources

Tahoe’s Escobal silver mine poised for start-up

With US$99.2 million in cash on its balance sheet, including proceeds from a US$50-million loan received in June, Tahoe Resources (TSX: THO; NYSE: TAHO) says it is all cashed up to start full production at its Escobal silver mine in…


Minera IRL's Don Nicolas gold project in southern Argentina. Source: Minera IRL

Minera IRL raises US$80M for Don Nicolas mine construction

Minera IRL (TSX: IRL; LSE-AIM: MIRL) has struck a US$80-million debt and equity deal with private Argentine business interests that will allow the Lima-based gold miner to go ahead with mine construction at its advanced Don Nicolas gold project…



Construction at Barrick's Cortez gold mine in Nevada. Source: Barrick Gold

Barrick takes US$8.7B impairment charge

Barrick Gold (TSX: ABX; NYSE: ABX) is writing down the value of its assets by US$8.7 billion and slashing its quarterly dividend in response to the recent decline in metal prices.  


Colossus falls on delay at Serra Pelada

Colossus Minerals’ (TSX: CSI; US-OTC: COLUF) shares fell hard after the company announced that it needs more dewatering capacity at its Serra Pelada polymetallic development project in Brazil.


A drill site at Corbiza Metals' Arikepay copper-gold porphyry project in Peru. Source: Cobriza Metals

Candente eyes Cobriza to boost opportunities

The whole appears greater than the sum of its parts for Candente Copper (TSX: DNT), which is acquiring Cobriza Metals (TSXV: CZA; US-OTC: CBZMF) — a company it spun out in late 2011 — to survive and hopefully thrive in a harsh…


The Cauquenes tailings pond at Amerigo Resources' MVC copper-moly tailings operation in Chile. Source: Amerigo Resources

Amerigo extends tailings deal until 2037

The El Teniente mine in the Chilean Andes has been producing copper since 1904, and Codelco believes the underground copper mine — the world’s largest, with more than 2,400 km of subterranean tunnels — has many more decades to…


Landing at Panoro Minerals' Cotabambas copper project in Peru in late 2012. Photo by Matthew Keevil.

Long hit stokes optimism at Cotabambas

VANCOUVER — A long copper-gold intercept suggests that the Ccalla deposit has more mineralization to offer Panoro Minerals (TSXV: PML; US-OTC: POROF), as the company gets set to update the resource estimate at its Cotabambas project in…


Mining engineers consult with one another at Agnico Eagle's Goldex gold project. Source: Agnico Eagle

Agnico pursues growth amid capital cuts

Despite the weaker gold price, slumping profits and spending cuts, Agnico Eagle Mines (TSX: AEM; NYSE: AEM) says it’s on track to grow its gold production to 1.2 million oz. by 2015.



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