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South32 tops up shareholding in Arizona Mining

By: Mariaan Webb     8th December 2017 Australia-headquartered South32 has bought another C$4.5-million worth of shares in Arizona Mining. Arizona Mining, which is advancing the Hermosa project near Tucson, Santa Cruz, said on Thursday that South32 had agreed to subscribe for an additional 1.43-million shares at C$3.14 a share. 

Samco Gold to sell all shares in Argentina subsidiary

By: Anine Kilian     21st November 2017 TSX-V-listed Samco Gold sold its shares in its wholly owned Argentine subsidiary 5R to certain shareholders of the company in exchange for the return for cancellation of 18.450-million common shares in Samco’s capital . 5R is the registered titleholder of the El Dorado Monserrat properties in... 

Viento Los Hercules Wind Farm, Argentina

By: Sheila Barradas     2nd November 2017 The wind farm aims to supply about 64 000 households with green electricity every year. 

Yamana bets on gold price falling, locks 60% of output in option contracts

By: Henry Lazenby     26th September 2017 In the final stages of construction of the $126-million Cerro Moro project, in the Santa Cruz province of Argentina, Canadian gold major Yamana Gold has locked up about 60% of gold output in option contracts. The Toronto-based miner said on Monday that it needed to secure certainty of cash flows... 

Néstor Kirchner-Jorge Cepernic hydroproject, Argentina

By: Sheila Barradas     8th September 2017 The Néstor Kirchner-Jorge Cepernic hydroproject will use water from the Santa Cruz river to generate electricity. 

Mirasol and Cerro Vanguardia call time on JV

By: Schalk Burger     1st September 2017 The exit by Cerro Vanguardia (CVSA) from its joint venture (JV) with  CTSX-listed Mirasol Resources for the Claudia gold-silver project, in Argentina’s Santa Cruz province, is complete. Mirasol noted on Thursday that it had received the full exploration data set comprising the results of CVSA's... 

McEwen, Primero formalise Black Fox acquisition accord

By: Henry Lazenby     29th August 2017 Gold producer McEwen Mining has signed a binding definitive agreement with Primero Mining to buy the Black Fox Complex, in the historic Timmins mining camp of Ontario, for $35-million, the company announced on Tuesday. In combination with McEwen’s earlier $54-million acquisition of Lexam VG Gold,... 

OceanaGold enters option accord for Mirasol's La Curva project, Argentina

By: Henry Lazenby     25th May 2017 Midtier miner OceanaGold has signed an option agreement with prospect generator Mirasol Resources, under which it to acquire up to 75% of the project in five stages. The definitive agreement requires multinational OceanaGold, with operations in New Zealand, Australia and the US, to make a... 

From Yukon to Patagonia, gold explorers stir after sleep

By: Bloomberg     19th May 2017 From Canada’s Yukon to southern Patagonia, outbreaks of gold-rush fever are popping up as bullion markets stage a tentative recovery. The number of holes drilled at gold deposits has been rising steadily for more than a year, according to S&P Global Market Intelligence. 

McEwen Mining closes strong week; appoints Xavier Ochoa as president, COO

By: Henry Lazenby     5th November 2016 Owner-led gold producer McEwen Mining was up 13.5% on the TSX by Friday, ending somewhat of a roller coaster week on a positive note. The stock started the week at C$3.12 a share, before climbing 18% to an intraweek high of C$3.68 a share on Wednesday, and falling again 13% to C$3.20 apiece on... 

Samco and PAS set Sept 1 as effective option agreement date

By: Henry Lazenby     17th September 2016 About a year-and-a-half after signing a definitive option agreement, TSX-V-listed Samco Gold and Pan American Silver (PAS) set September 1 as the effective date of the agreement. The agreement grants PAS the exclusive option to acquire a 60% interest in the El Dorado Monserrat (EDM) project in... 

El Sillar road construction project, Bolivia

By: Sheila Barradas     12th August 2016 The project entails the widening and upgrading of the existing road NR 4 to a two-way, four-lane roadway, including the construction of four bridges and two tube-tunnels. 

Yamana to buy Samco’s Corina project after P&O agreement cancelled

By: Henry Lazenby     20th May 2016 TSX-V-listed explorer Samco Gold has terminated a 2014 participation and option (P&O) agreement with director Dr Ricardo Auriemma after a strategic review of its business, instead opting to enter into an agreement with Yamana Gold for the sale of the company's Corina property, located adjacent to... 

Hyundai pins hopes on new models to sustain SA sales in 2016

By: Irma Venter     6th May 2016   Hyundai Automotive South Africa (HASA) hopes to see 2016 sales reach around the same level as 2015, defying a South African new-vehicle market most analysts agree will drop around 10% this year. 

Hyundai aims to assemble pick-up in South Africa from 2020

By: Irma Venter     22nd April 2016 Hyundai Automotive South Africa (HASA) hopes to assemble Hyundai’s new Santa Cruz pick-up in South Africa from 2020. HASA marketing director Stanley Anderson says the local distributor is “working very hard” to convince the Korean manufacturer to assemble the bakkie range here in South Africa... 

Pan American Silver halts ops at Argentina mine as union, workers clash

By: Henry Lazenby     18th April 2016 Primary silver producer Pan American Silver on Sunday reported that operations at its Manantial Espejo mine, in the province of Santa Cruz, Argentina, had come to a halt since last week Wednesday, after a labour conflict with the union of mine workers had resulted in a work stoppage.The... 

Hyundai aims for stable year, sees new-car prices jumping 15% to 20%

By: Irma Venter     13th April 2016 Hyundai Automotive South Africa (HASA) hopes to see 2016 sales reach around the same level as 2015, defying a South African new-vehicle market most analysts agree will drop around 10% this year. HASA marketing director Stanley Anderson says there is “no doubt” the South African new-vehicle market... 

Hyundai SA lobbies for local assembly of the Santa Cruz pick-up

By: Irma Venter     12th April 2016 Hyundai Automotive South Africa (HASA) hopes to assemble Hyundai’s new Santa Cruz pick-up in South Africa from 2020. HASA marketing director Stanley Anderson says the local distributor is “working very hard” to convince the Korean manufacturer to assemble the bakkie range here in South Africa... 

South Santa Cruz and Barataria fields development project, US

By: Sheila Barradas     26th February 2016 Technip has been awarded a subsea contract for the South Santa Cruz and Barataria fields. 

Pick-up war set to intensify as more European brands enter the fray

By: Irma Venter     15th January 2016 In 2015, one-ton bakkie buyers in South Africa could select their wheels from a handful of brands, mostly Japanese. Think Toyota Hilux, Mitsubishi Triton, Isuzu KB, Mazda BT-50 and Nissan NP300. In the next four years, however, another six pick-ups may be added to the list, with the European... 

Pick-up war set to intensify as more European brands enter the fray

By: Irma Venter     15th January 2016 In 2015, one-ton bakkie buyers in South Africa could select their wheels from a handful of brands, mostly Japanese. Think Toyota Hilux, Mitsubishi Triton, Isuzu KB, Mazda BT-50 and Nissan NP300. In the next four years, however, another six pickups may be added to the list, with the European... 

Defiant McEwen fails to meet NYSE share price threshold

By: Natalie Greve     26th November 2015 Growing gold and silver producer McEwen Mining’s plans to regain compliance with the NYSE’s minimum share price requirement have been scuppered, with the company failing to meet the bourse’s requirement that the average closing price of a listed company's stock remain above $1 a share over a... 

Mirasol options 75% of Chile gold belt projects to Yamana

By: Henry Lazenby     27th March 2015 Latin America-focused project generator Mirasol Resources has optioned 75% of the Gorbea Belt projects, in Chile, to Canadian miner Yamana Gold. Under the joint venture agreement, the option would be exercisable in three stages over a seven-year period that would see Yamana act as a strategic... 

Western Australia no longer world's best mining destination

By: Esmarie Swanepoel     4th March 2015 Western Australia is no longer the world’s top jurisdiction for mining investment, the latest survey by Canada’s Fraser Institute has shown. Moving up three spots in the survey’s investment attractiveness index, Finland is now considered the best address for mining and exploration investment.... 

Yamana Gold reports big loss on S American charges

By: Henry Lazenby     12th February 2015 South America-focused gold producer Yamana Gold has reported a significant net loss for the second consecutive quarter, as impairment charges for Brazilian mines and charges for newly enacted Chilean taxes have weighed on the bottom line.  For the three months ended December 31, Toronto-based... 

Samco Gold and Pan American Silver strike definitive option accord

By: Henry Lazenby     9th February 2015 TSX-V-listed Samco Gold's Argentinean subsidiary has executed a definitive option agreement with Pan American Silver (PAS), giving PAS the exclusive option to acquire a 60% interest in the El Dorado-Monserrat (EDM) project, in Santa Cruz, Argentina. A statement released on Monday explained that... 

Gold miners report new discoveries

By: Henry Lazenby     16th December 2014 Gold producers Aurico Gold and Yamana Gold on Monday reported that 2014 exploration programmes had resulted in new discoveries at Aurico’s Kemess East project, in north-central British Columbia, and Yamana’s El Penon gold/silver mine, in Chile, and Chapada, in Brazil. TSX- and NYSE-listed Aurico... 

Samco Gold confident in setting itself apart from peers in next 12 months

By: Henry Lazenby     10th November 2014 With prospective projects located on the Deseado Massif of Santa Cruz, Argentina, a potential joint-venture (JV) partner with which to move forward on its flagship asset, and with an innovative financing agreement in place, Canadian project developer Samco Gold is on the cusp of differentiating... 

JV allows Samco Gold to sharpen focus on Corina project, Argentina

By: Henry Lazenby     12th June 2014 Argentina-focused explorer Samco Gold has recently struck an option agreement in the form of a binding letter of intent allowing proposed joint-venture (JV) partner Pan American Silver (PAS) to earn up to a 60% interest in its flagship El Dorado-Monserrat (EDM) project in Santa Cruz, freeing... 

Marriott Hotel project, Bolivia

By: Sheila Barradas     2nd May 2014 The project proposes the construction of a greenfield, five-star hotel in Santa Cruz de la Sierra, Bolivia. 

Argentinean investors keep eyes on tax, provincial attitudes and union activism

By: Simon Rees     10th March 2014 Tax, the rise in union activism and a variance in provincial attitudes towards mining are central issues for those investing in Argentina’s mining sector, Holt Abogados partner and Argentinian mining law specialist Florencia Heredia told delegates at the Norton Rose Fulbright roundtable on Latin... 

Argentinean President congratulates Minera IRL on securing financing

By: Henry Lazenby     6th September 2013 Latin American gold mining company Minera IRL this week received personal congratulations from Argentinean President Cristina Fernández de Kirchner on securing financing for the upcoming development of the Don Nicolás gold mine, in Santa Cruz, Patagonia. Minera IRL in August said it would retain... 

McEwen Mining gets into stride with record production at lower costs

By: Henry Lazenby     9th August 2013 Gold and copper miner McEwen Mining on Friday reported record gold-equivalent production of 35 955 oz, comprising 20 988 oz of gold and 778 308 oz of silver, in the second quarter of the year. Production was up 44% year-on-year and 20% higher than in the first quarter. 
 The company, under the... 

Patagonia Gold to delist from TSX owing to low trading volumes

By: Henry Lazenby     5th July 2013 Advanced-stage explorer Patagonia Gold on Friday said it had given notice to the TSX to delist its shares, saying its directors believed the trading volume of its shares did not justify the expenses and administrative efforts associated with maintaining its dual listing on the TSX and the LSE’s... 

Patagonia Gold progresses with Argentina project ramp up

By: Henry Lazenby     14th March 2013 Toronto- and London-listed Patagonia Gold on Wednesday said its Lomada de Leiva main heap-leach project, in Santa Cruz province of Argentina was on target to achieve full operational status late in the second quarter, with an expected production target of 14 000 oz of gold for the second half of... 

Patagonia Gold CFO resigns

By: Henry Lazenby     12th March 2013 Argentina-focused project developer Patagonia Gold on Tuesday said CFO Philip Yee had resigned effective from May 27, to assume a new position as VP and CFO with a mining company in Canada. Financial director Gonzalo Tanoira would assume the role of CFO.  

Operations resume at McEwen’s Argentina JV

By: Henry Lazenby     13th February 2013 New York- and Toronto-listed McEwen Mining on Wednesday said operations at its 49%-owned San Jose mine, in Argentina’s Santa Cruz province, have resumed. The company said the employees affected by an outbreak of gastroenteritis had recovered in full. 

McEwen says Argentina operation halted owing to employee sickness

By: Henry Lazenby     12th February 2013 Gold bull McEwen Mining said operations at its 49%-owned San Jose mine, in Santa Cruz province, Argentina, were halted on Monday, owing to seventy-six employees contracting gastroenteritis. The company on Tuesday said that there were no further cases reported, all employees had recovered in full... 

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