In Latin America and Europe, three Canadian companies have joined the ranks of the world's mineral producers.
EUROZINC MINING CORP. of Vancouver reports that its newly-acquired Neves Corvo copper mine in Portugal produced 50,100 tonnes of copper in concentrates for the first six months of 2004. The average ore grade was 6.0% Cu. Unaudited net profit from Neves Corvo was US$45.1 million on gross sales revenue of US$129.4 million. EuroZinc's next project is to bring the nearby Aljustrel property into production (see www.eurozinc.com).
Vancouver-based FIRST MAJESTIC RESOURCE CORP. says the first silver concentrates have been shipped from its La Parrilla mine near Durango, Mexico. The company had been operating the mill off-and-on in order to test, repair and modernize equipment. At the plant the crushers were overhauled, conveyors and electric systems repaired, a ball mill relined, the flotation circuit was modified, and new motors installed on the leaching tanks. Full production is expected this month. More information and a photo gallery are available at www.FirstMajestic.com.
The concentrator has been rebuilt and mining restarted at the Pimenton copper/gold mine, 100% owned by SOUTH AMERICAN GOLD & COPPER of Toronto. The mine is located about 175 km northeast of Santiago, Chile. SAGC operated a 35-tonnes/day pilot plant during 1995-96, and then stepped up the rate to 120 tonnes/day of development ore. The property was placed on care-and-maintenance in March 1997. During July, the Pimenton mill produced 156.7 tonnes of flotation concentrate averaging 3.27 oz/t Au, 17.25% Cu and 4.87 oz/t Ag plus 3.45 tonnes of gravity concentrate grading 109.39 oz/t Au, 19.09 oz/t Ag and 1.38% Cu.
Financial reports, press releases and geological maps may be requested from www.sagc.com.