Inca Pacific takes $35M buyout to end ownership dispute
A protracted ownership battle looks to be ending, with Inca Pacific Resources (IPR-V) agreeing to a $35-million buyout by Lima-listed Minera Milpo.
South America
Rapid progress for Atacama Pacific’s Cerro Maricunga
Thanks to several years of work as a private entity, Atacama Pacific Gold (ATM-V) came out of the gates running last year with a $33-million initial public offering and an advanced gold project in Chile.
Cuoro Resources finds major new copper-gold intersection
Drilling at Santa Elena in Colombia about 140 km northeast of Medellin has returned near surface and high-grade VMS mineralization in the first six diamond drill holes, CuOro Resources (CUA-V) announced this week. Assays are pending for the…
Investors applaud first resource for Bellhaven’s La Mina
Vancouver – Shares of Bellhaven Copper & Gold (bhv-v) jumped 14¢ or 28% on Sept. 13 to close at 64¢ on 1.2 million shares traded after the company released a maiden resource estimate for its La Mina gold-copper-porphyry project in…
Lupaka’s 1.2M oz. gold deposit attracts former Canuck as investor
Vancouver – June 2011 was certainly not the best of times to launch a new Peru-focused gold explorer. But the plan to take Lupaka Gold (lpk-t) public – hatched by long-time mining executive Gordon Ellis with the help of Vancouver Canucks hockey…
Mendoza gov’t rejects permit for Coro’s San Jorge
The provincial government of Mendoza has failed to ratify an environmental impact declaration (EID) for Coro Mining’s (COP-T) San Jorge copper-gold porphyry project in western Argentina, voting against allowing the company to build an open-pit…
Sunward puts out major resource for Titiribi project
Vancouver – Sunward Resources (SWD-V) has added considerably to the gold resources at its wholly-owned Titiribi project in northwestern Colombia.
Discovery hole lifts Magellan
Magellan Minerals (MNM-V) discovered a new gold zone at its Cuiu Cuiu property in Brazil and the market took note. The new gold mineralization was found north of the Central zone and Magellan is calling the new zone “Central North”. The hole…
Inca Pacific takes $35-million buyout to end ownership dispute
Vancouver – A protracted ownership battle looks to be closing with Inca Pacific Resources (IPR-V) agreeing to a roughly $35-million buyout by Peruvian-listed Minera Milpo.
Silver Standard advances projects across the Americas
With one of the largest silver resources around, Silver Standard (SSO-T, SSRI-Q) has positioned itself well to benefit from rising silver prices, but it still faces the challenge of getting those resources out of the ground.
Santo Domingo a feather in Capstone’s cap
Capstone Mining (CS-T) has released a prefeasibility study for its 70%-owned polymetallic Santo Domingo project in Chile that shows relatively low capital costs for a project of its scale, just as costs are on the rise for its two producing…
Quadra FNX pumps profits despite lower production
It was a busy second quarter for copper miner Quadra FNX Mining (QUX-T), but one that paid large profits to the recently merged company despite lower production totals.