Copper frenzy draws mining giants to Argentina after Milei’s reforms

The company is currently advancing the Douta gold project towards the preliminary feasibility stage.

The Australian miner is holding out hope that the political backdrop there will stabilize over the longer term.

Last June, the commodity trading giant made its first investment in the critical minerals explorer.

The project transitioned into commercial production in June 2023.

Newcrest, now part of Newmont, had the right to acquire, in multiple stages, up to a 75% interest in Appaloosa.

Much of the reason the M+I resources grew was due to reclassifying inferred material in areas immediately beyond the current reserve boundary.

Under the agreement, initial production from Crean Hill would be shipped to Vale's Clarabelle mill in Sudbury for processing.

The C$300,000 funding will be used to support a large-scale aerial electromagnetic survey on the property.

This acquisition, says Mako, creates a "clear path to over 100,000 ounces per year of gold production."