Mexico and Central America
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Ascendant reduces operating costs at El Mochito in new PEA
Ascendant Resources (TSX: ASND; US-OTC: ASDRF) has tabled a new preliminary economic assessment (PEA) for its El Mochito zinc-lead mine in Honduras that increases production while reducing operating and all-in sustaining costs. The expansion PEA increases the processing rate 27% to…
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GOLD: B2Gold completes expansion study for El Limon mine
NICARAGUA – In February, B2Gold Corp. announced an initial open pit inferred resource for the newly discovered El Limon Central zone at its El Limon mine in Nicaragua. This week the gold producer announced the results of an expansion study that…
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COPPER: First Quantum runs into legal snag at Cobre Panama
PANAMA – As Toronto-based First Quantum is heavily committed to the development of the $5.5 billion Cobre Panama copper project, the Panamanian supreme court has ruled that Law 9, which was used to grant the company the mining concessions in…
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TECHNOLOGY: Cat MineStar increases mine site efficiency
MEXICO – In an effort to improve the efficiency and consistency of its operations, mining company Fresnillo partnered with Cat dealer Matco to integrate Cat MineStar technologies into its La Herradura gold-silver open pit and heap leach mine in Sonora,…
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Alio Gold halts work on Ana Paula, misses guidance
Raymond James has cut its target price on Alio Gold (TSX: ALO; NYSE: ALO) from $4.50 to $1.00 per share and downgraded the company from market perform to underperform due to operating challenges, debt and declining gold prices. The company has temporarily…
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Torex Gold recovers after blockade in Mexico
Despite a blockade of its El Limon Guajes mine complex in southwestern Mexico from November 2017 until early April 2018, Torex Gold Resources (TSX: TXG) managed to put out solid quarterly results over the last six months. The company reported 75 days of…
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Condor receives La India permit in Nicaragua
Condor Gold (TSX: COG; LON: CNR) has received an environmental permit to build and operate a 2,800 tonnes per day processing plant at its 100% owned La India gold project in Nicaragua. The news comes after what company CEO Mark Child…
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GOLD: B2Gold doubles Q2 production to 240,000 oz, revenue jumps to $285M
VANCOUVER – B2Gold Corp. has delivered what it says are “very strong” second quarter and first half results this year. Gold production doubled to 240,000 oz., and revenues jumped by $121 million (all U.S. dollars) to $285 million for the…
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Bluestone’s Cerro Blanco project takes shape in Guatemala
When John Robins, founder and chairman of Kaminak Gold, sold the junior to Goldcorp (TSX: GG; NYSE: GG) for $560 million in 2016, the exploration geologist and entrepreneur let it be known that if at some point the gold major…
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GOLD-SILVER: McEwen files Fenix PEA, adds to El Gallo life of mine
MEXICO – Toronto-based McEwen Mining has filed a preliminary economic assessment for project Fenix at its El Gallo complex in Sinaloa state. The study says the annual production rate can be boosted to 47,000 oz. of gold equivalent with a…
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South32 offers US$1.3B for Arizona Mining
After taking an initial 15% stake in junior zinc developer Arizona Mining (TSX: AZ) in April 2017 for US$81 million and boosting it to 17% over the next year for another US$23 million, South32 (LON: S32) is now offering US$1.3 billion in cash…
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GOLD-COPPER: Equinox to spin out copper assets as Solaris Copper
VANCOUVER – Equinox Gold Corp. has plans to transfer all its copper assets to a newly incorporated company named Solaris Copper. The new company will continue to advance the copper projects that belong to Equinox. These include the exploration stage…
