Aguila Copper acquires copper-zinc-gold resources in Manitoba, stock surges

Capstone Mining was forced to halt activities at Pinto Valley on June 20.

Global copper mine production will see steady growth over the next few years, supported by markets with low operating costs and improving copper prices.

The strike at the mine entered its 11th day on Monday with no signs of agreement between the company and unions.

South America has long been a home away from home for North American-listed mineral explorers, developers and miners.

The move follows an earn-in agreement between the two companies, under which Kennecott Exploration can acquire a 55% stake in the property.

The Vancouver-based miner said that a geophysical contractor has been mobilized to the Resguardo project.

The unions went on strike eight days earlier after initial negotiations over a new collective labor contract failed.

Lost production in the first week of the labour action amounts to about 3,500 tonnes of copper.

The country's Constitutional Court has rejected calls for a referendum, which could have halted the miner's flagship Cascabel and other projects.