Cerro Grande Mining Corporation

Construction at the Pimenton mine in Chile. In the second quarter of 2014, Pimenton produced 2,643 ounces of gold, up from 2,558 ounces of gold in the first quarter of the year, while cash costs fell from US$919 per oz. to US$778 per oz. Credit: Cerro Grande Mining

Cerro Grande cuts costs at Pimenton

At the end of January, the Toronto Stock Exchange launched a delisting review of Cerro Grande Mining (TSX: CEG; US-OTC: CEGMF) to determine whether the junior could keep a $2-million market value for 30 straight trading days.


TSX soars, June 9-13

The Toronto Stock Exchange climbed near the record high it reached six years ago, with the S&P/TSX Composite Index adding 163 points to end at 15,001.61, slightly below the record close of 15,073 set in June 2008 before the recession.


New plans for Pimenton

Vancouver — With the guidance of a Toronto investment firm, South American Gold and Copper (SAG-T, SGLDF-O) is holding discussions with various companies for a possible joint venture or other arrange…


Rio Tinto signs on at Pimenton

Vancouver — Mining giant Rio Tinto (RTP-N) has converted its letter of understanding with South American Gold and Copper (SAG-T) into a full option agreement on…




Insider Trading (October 11, 2004)

The following insider trading transactions were reported by the Ontario Securities Commission in recent issues of the OSC Bulletin:…


People (February 16, 2004)

Argosy — Peter Lloyd retired as president and CEO but remains non-executive chairman; Cecil Bond appointed interim CEO and will serve as CFO and CEO.Banro — Peter Cowley appointed director.Bullio…


SAGC raises Pimenton funds (December 22, 2003)

Aiming to restart the Pimenton gold-copper mine in Chile, South American Gold & Copper (SAG-T) has raised $3.5 million by privately placing 49.88 million units at 7 apiece.On a daily basis between 19…


The Ontario Ministry of Northern Development and Mines honoured Albert Decker as the prospector with the oldest continuously valid licence in the province. At the Prospectors' and Developers' Association of Canada's annual convention last March, Minister James Wilson presented Decker with a framed cross-section drawing from one of the first areas he staked.

People (April 07, 2003)

Diavik Diamond Mines — President and CEO Philip du Toit resigns.GoldSpring — John F. Cook appointed president; Les Cahan appointed treasurer.Magnum d’Or — Reno Calabrigo appointed pres…


PEOPLE (March 03, 2003)

Canadian Copper and Brass Development Association — Stephen Knapp appointed executive director, succeeding Arnold Knapp, who is retiring.Dios Exploration — Claude Britt appointed to board of directo…


SAGC to resurrect Pimenton mine

Hoping to return to the ranks of producers, South American Gold & Copper (SAG-T) will attempt to raise US$3.75 million to resume production at its Pimenton gold-copper mine in central Chile.Situated 1…


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