Kinross estimates US$1B capex for Lobo-Marte gold project in Chile
Kinross Gold’s (TSX: K; NYSE: KGC) Lobo-Marte gold project in northern Chile could produce a total of 4.5 million oz. gold over a 15-year mine life at an estimated cost…
South America
US markets post slight gain, July 6-10
The Dow Jones Industrial Average rose 0.96% to 26,075.30 and the S&P 500 rose 1.76% to 3,185.04 during the July 6-10 trading week. Spot gold jumped US$24.20 per oz., or…
Chile struggles to maintain copper production as coronavirus spreads
Workers at Chile’s giant copper mines are caught between the urge to protect themselves and pressure to keep the country’s economy moving. Since declaring a state of emergency in March…
79North taps into Suriname’s Guiana Shield
Exploration geologist Jon North was attending Mille Miglia – the annual re-enactment of the classic car race from Brescia in the foothills of the Italian Alps to Rome and back…
Galaxy pushes ahead at Sal de Vida lithium project in Argentina
Galaxy Resources (ASX: GXY) confirmed today that it is on track to begin production at its Sal de Vida lithium brine project in Argentina by 2022, despite the Covid-19 pandemic…
Coronavirus hits Peru’s mining sector
Mining companies operating in Peru are being forced to keep operations suspended and halt new ones as confirmed coronavirus cases in the country jumped past 300,000 on Sunday, with several…
Lundin Gold restarts Frutal del Norte
Lundin Gold (TSX: LUG) has restarted operations at its Fruta del Norte (FDN) gold mine in Ecuador and expects to resume concentrate shipments in the next few days. Operations at…
Gran Colombia funds Caldas Gold’s Juby acquisition
Colombia-focused Gran Colombia Gold (TSX: GCM; US-OTC: TPRFF) has invested $14 million in a private placement in its recent spinoff, Caldas Gold (TSXV: CGC), to fund the acquisition of a…
SolGold offers $140M for Cornerstone Capital
SolGold (TSX: SOLG; LSE: SOLG) is trying to buy Cornerstone Capital Resources (TSXV: CGP), which owns a minority stake in the Alpala copper-gold project, part of the Ecuador-focused miner’s Cascabel…
Trevali suspends Santander mine after 19 workers test positive for coronavirus
Trevali Mining (TSX: TV; US-OTC: TREVF) has suspended operations at its Santander zinc-lead-silver mine in Peru after 19 workers tested positive for the Covid-19. Trevali said the workers were asymptomatic…
Canada’s top 10 royalty and streaming companies
The Northern Miner presents the top-10, Canadian-headquartered royalty and streaming companies by market capitalization, as of late-June 2020. 1. Franco-Nevada Market capitalization: US$26.40 billion Franco-Nevada (TSX: FNV; NYSE: FNV) continues…
Codelco shuts Chuquicamata operation over coronavirus fears
Chile’s Codelco, the world’s No. 1 copper producer, has closed its Chuquicamata smelter and refinery to prevent a further spread of Covid-19 among its staff, following the death of a…