Paramount Gold And Silver Trades Major Stake For $9M
VANCOUVER–Through a $9-million financing, Paramount Gold and Silver (PZG-T, PZG-X) is selling as much as a quarter of the company to Toronto-based FCMI Financial.
South America
Silver Wheaton To Consolidate Grip On Industry
Silver Wheaton’s (SLW-T, SLW-N) proposed acquisition of Silverstone Resources (SST-V, SVRCF-O) will give it immediate production and cash flow from a number of low-cost mines in politically stable cou…
Ventana Extends La Mascota To 725 Metres, Raises $6M
When the first set of drill results from Ventana Gold’s (VEN-T) La Bodega gold project in Colombia came in, CEO Richard Warke says no one could believe it.
Rusoro denied appeal in blocked takeover of Gold Reserve
Vancouver – Gold Reserve (GRZ-T, GRZ-X) won another fight in its battle against Rusoro Mining (RML-V, RMLFF-O) th…
Trevali forging ahead at Santander
Vancouver – The Santander zinc-lead-silver project, 200 km northeast of Lima, Peru, is coming together quickly fo…
Dynasty commissions Zaruma gold plant in Ecuador
Dynasty Metals & Mining (DMM-T) has started commissioning its gold processing plant at Zaruma in southwestern Ecuad…
Uruguay defines resources underground
Uruguay Mineral Exploration (UME-V, UGY-L) has come out with an initial resource estimate for mineralization found …
Royal Gold buys Andacollo gold royalty for US$300M
Vancouver – Teck (TCK.B-T, TCK-N) and its minority partner have agreed to sell a major share of the anticipated gol…
Argentex’s Pinguino shows polymetallic strength
Vancouver – A 21,000-metre drilling effort at the Pinguino property in Santa Cruz, Argentina, is paying off as dr…
Peru Set To Weather Downturn: Mines Minister
Peru’s Minister of Energy and Mines, Pedro Sanchez, and a Peruvian delegation visited Toronto in early March to attend and speak at the Prospectors and Developers Association of Canada convention.
Troy Buys Intrepid’s Casposo For US$22M
VANCOUVER — Two operating mines is not enough for Troy Resources (TRY-T) — the company is spending US$22 million to add Intrepid Mines’ (IAU-T, IAUFF-O) Casposo gold-silver project in Argentina to i…
Capella cuts 105 metres of 1.59 gram gold at Lajitas
Capella Resources (KPS-V) has intersected 105 metres of 1.59 gram gold per tonne in a drill hole on its Lajitas pro…