Mexico and Central America
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ENVIRONMENT: Barrick to convert Pueblo Viejo power plant to natural gas
DOMINICAN REPUBLIC – Barrick Gold of Toronto has signed a 10-year natural gas supply contact with a local company to fuel the Quisqueya power generation plant that supplies the Pueblo Viejo gold mine 100 km northwest of Santo Domingo. The…
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Discovery Metals samples historic Zaragosa mine
Discovery Metals (TSXV: DSV) has fielded results for 100 new channel samples taken from the historic Zaragosa zinc-silver-lead mine on its 300 sq. km Puerto Rico polymetallic property in northern Coahuila, Mexico. Discovery has taken 600 samples at Puerto Rico to…
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GOLD: Agnico ups Q1 revenue to $578.5M
TORONTO – Agnico Eagle Mines has reported Q1 2018 revenues from mining of $578.4 million (all figures U.S. dollars), up roughly 5% from $547.5 million during the same period a year earlier. The company was left with a net income…
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Southern Silver dropping first holes into CLM West claims
In the coming months, Southern Silver Exploration (TSXV: SSV; US-OTC: SSVFF) will drill up to 13,000 metres at its 265 sq. km Cerro Las Minitas (CLM) polymetallic silver project, 70 km northeast of Durango, Mexico. Drilling will begin soon with up to…
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COMMENT: Tracking North American industrial pollution
MONTREAL – With Earth Day fresh in our memories, the Commission for Environmental Co-operation (CEC) has released its 15th report Taking Stock: North American Pollutant Releases and Transfers. The organization represents Canada, the United States and Mexico pulling the entire…
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GOLD: Goldcorp reports Q1 net earnings down to $67M
VANCOUVER – Goldcorp reports net earnings of $67 million (all figures are U.S. dollars), or $0.08 per share, for the first quarter of 2018. Earnings were down substantially from the $170 million, or $0.20 per share, for the same quarter…
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Global Gold Snapshot: Nine explorers and miners pushing forward with new projects
With gold prices remaining strong over the past couple of years and showing no signs of abating, gold exploration and mine development are in high gear, with substantial projects and new mines underway across the globe. Here is a look…
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M&A: Alio Gold to acquire Rye Patch Gold in all-share deal
In an effort to diversify geopolitical risk and transform itself from a single-asset producer, Mexico-focused Alio Gold is buying Rye Patch Gold and its Florida Canyon mine in Nevada, one of two acquisitions announced this week of companies with projects in the mining friendly…
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GOLD: Barrick outlines long term plans for growth
TORONTO – Barrick Gold is spreading the word about how its long term investments will drive shareholder value. The company says its plans are sustainable and have much upside potential. The timing of the release comes as Barrick is close…
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COPPER: First Quantum gives Cobre Panama 15% boost
PANAMA – The board of Toronto’s First Quantum Minerals has approved the expansion of milling capacity by 15% to 85 million t/y at the Cobre Panama copper project being developed 120 km west of the capital city. Additional upgrades were…
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GOLD: Premier sets $83M development, exploration budget
THUNDER BAY, Ont. – Premier Gold Mines has announced plans to spend up to $83 million (all U.S. dollars) for exploration and development of its eight properties in North America. Premier’s 2018 budget includes $38.8 million for direct exploration and…
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COPPER-GOLD: Franco-Nevada acquires additional Cobre Panama stream for $178 million
PANAMA – Toronto-based Franco-Nevada Corp. has agreed to acquire an additional precious metals stream from Korea Resources, holder of a 10% interest in the Cobre Panama copper-gold project in this country. Franco-Nevada will pay US$178 million for the additional ounces.…
