Canadian Mining Journal

South America

  • TAILINGS: BHP Billiton, Vale release Samarco dam report

    August 30, 2016 by Canadian Mining Journal

    BRAZIL – A panel of four geotechnical experts has released its findings into the tailings dam failure at the Samarco iron ore mine on Nov. 5, 2015. The panel was commissioned by BHP Billiton and Vale SA, co-owners of the

  • News

    GOLD: Kinross announces suspension at Maricunga mine

    August 29, 2016 by Canadian Mining Journal

    CHILE – Toronto-based Kinross Gold announced last week that it will suspend the Maricunga gold mine in the Atacama region in the fourth quarter of the year. News of the suspension comes after a court determined that sanction issued in

  • News

    Brazil Resources to buy Titiribi from NovaCopper

    August 25, 2016 by Canadian Mining Journal

    Brazil Resources (TSXV: BRI; OTCQX: BRIZF) aims to grow its gold resources through the acquisition of the large Titiribi gold-copper project in central Colombia. The Vancouver-based junior, which has gold projects in Brazil and Alaska and a uranium joint venture in Saskatchewan,

  • AWARD: Rusoro wins more than US$1B from Venezuelan government

    August 23, 2016 by Canadian Mining Journal

    VANCOUVER – Rusoro Mining has been awarded more than US$1 billion from the government of Venezuela following the illegal expropriation of Rusoro’s assets in that country in 2011. On Aug. 22, 2016, an arbitration tribunal operating under the additional facility

  • News

    Sierra Metals sees exploration growth at its three underground mines

    August 22, 2016 by Canadian Mining Journal

    Sierra Metals (TSX: SMT) shares gained momentum after the company outlined its commitment to increase high grade tonnage at its Yauricocha polymetallic mine in Peru and Bolivar and Cusi mines in Mexico through brownfield programs. “Sierra Metals is now on track

  • GOLD: B2Gold makes at-the-market offering up to $100M

    August 15, 2016 by Canadian Mining Journal

    VANCOUVER – B2Gold Corp. plans to distribute an at-the-market offering of US$100 million worth of common shares. The company has entered into an agreement with the American and Canadian subsidiaries of Canaccord Genuity and HSBC Securities. Newly issued shares are

  • Silver Wheaton to pay Vale US$800M to increase gold stream at Salobo to 75%

    August 4, 2016 by Canadian Mining Journal

    Silver Wheaton (TSX: SLW; NYSE: SLW) is offering Vale (NYSE: VALE) US$800 million to buy another 25% gold stream from the miner’s Salobo copper-gold mine in Brazil, pushing up its annual gold production. Vancouver-based Silver Wheaton already has a 50% gold stream on

  • News

    GOLD-SILVER: Mandalay to rise $35M for metallurgical improvements at two mines

    July 5, 2016 by Canadian Mining Journal

    SWEDEN and CHILE – Mandalay Resources Corp. of Toronto has entered into a bought deal agreement with BMO Capital Markets to raise gross proceeds of $35 million by issuing 30.44 million common shares at a price of $1.15 each.. The

  • News

    SIMULATION: Vale chooses Immersive Technologies to train truckless system operators in Brazil

    July 5, 2016 by Canadian Mining Journal

    BRAZIL – The S11D project in Canaã dos Carajás is in the world spotlight as truckless mining production is slated to begin in 2016. S11D will be one of the biggest mines in the world and this new production method

  • News

    GOLD-SILVER: Lundin Gold bulks up treasury for Fruta Del Norte

    June 28, 2016 by Canadian Mining Journal

    ECUADOR – Lundin Gold of Vancouver has entered into a bought deal with a syndicate of underwriters, led by GMP Securities, that has agreed to purchase on a bought deal basis 15 million common shares of the company at $5.50

  • News

    GOLD: Lundin Gold reports positive Fruta del Norte feasibility

    June 7, 2016 by Canadian Mining Journal

    ECUADOR – Vancouver-based Lundin Gold has received a positive feasibility study for its Fruta del Norte gold and base metals project near the village of San Antonio. The report was prepared by AMEC Foster Wheeler and other experts. The study

  • News

    GOLD: Canadians own half of world’s 10 largest gold mines

    June 2, 2016 by Canadian Mining Journal

    The list of the world’s 10 largest gold mines is making the rounds. In 2015 they produced almost 10.6 million oz of the yellow metal or 329.6 tonnes of it (if imaging 330 tonnes of anything is possible). That was