March 12, 2012

Peru mining investments reached US$7.2 billion in 2011, 77% more than in 2010

Mining companies in Peru invested US$7.2 billion in 2011, 77% more than in 2010, Mines and Energy Ministry (MEM) reports.

March 11, 2012

Chile court suspends approval of Goldcorp’s $3.9 billion El Morro project

Chile newspaper La Tercera is reporting that an appeals court has suspended environmental authorization for Goldcorp's El Morro project over objections by local communities. Construction of the mine was due…

March 10, 2012

9 miners die in flood, mine collapse in Colombia

Colombian authorities say they have recovered the bodies of all nine victims of a coal mine collapse.

March 9, 2012

Canadian Mandalay Resources resumes operations in Chile

Canadian miner Mandalay Resources (TSX: MND, MND.WT) resumed operations at its Cerro Bayo project in Chile today, after protestors removed blockades, allowing supplies in and out of the mine.

March 8, 2012

Antofagasta Minerals CEO quits a week before 2011 results

In an surprising move, London-listed, Chilean copper producer Antofagasta PLC (LON:ANTO) announced that the chief executive of its copper division, Marcelo Awad, had agreed to quit.

March 8, 2012

Continental Gold gets higher than expected grade gold hits in Colombia

Continental Gold (TSX: CNL) stocks were up almost 8% to C$7.97 this morning as the company reported drilling and underground sampling results from its Buriticá gold-silver project in Antioquia state,…

March 8, 2012

Peru losing US$560,000 a day due to mining protests in gold-rich region

Peru's Madre de Dios gold-rich region is losing US$560,000 a day as a result of informal miners' protests happening in the area since Monday, said the country’s president of the…

March 8, 2012

Mexico leads Latin America’s exploration expenditures

Mexico’s exploration expenditures are the highest in Latin America, reaching a record high of almost US$1 billion in 2011, says the latest report released by the Metals Economics Group’s (MEG),…

March 8, 2012

Hudbay’s cash grows 42% in fourth quarter

Hudbay Minerals (TSE:HBM) rang in the fourth quarter with a $34.3 million profit or 21 cents per share, compared to $7.9 million or seven cents a share at the end…

March 7, 2012

Patagonia Gold announces exercise of options

Patagonia Gold Plc (TSX:PAT, AIM:PGD) ("the Company") yesterday was notified that William Humphries, Chief Executive Officer, acquired 300,000 ordinary shares of 1 pence each in the Company ("Ordinary Shares") on…