Southern Silver increases mineral resource at Mexican project

Minera Andes (MAI.TO: Quote) said on Thursday it plans to spin out its Los Azules copper project in Argentina into a new publicly traded company. The Toronto-based exploration company said the move will let it unlock value from Los Azules and allow it to focus on developing its San Jose gold-copper project, which is located in the vicinity of Goldcorp's (G.TO: Quote) recently acquired Cerro Negro project in Argentina.

Great Panther Silver increased its profits by one third over last year, the TSX and NYSE-listed company reported on Wednesday. Revenues were $42.2 million in 2010, a 33% increase over the previous year. Fourth-quarter profits were $13.8 million, up 40% from the same period in 2009.

Capstone Mining made a dramatic move into the black last year, earning a US$72.6 million profit compared to a loss of $18.3 million in 2009. Revenues grew from $250 million in 2009 to $310 million last year. The Vancouver-based company had US$192.4 million in the bank at the end of the year, up from $118.4 million the year previously.

Largo Resources Ltd. (“Largo” or the “Company”) (TSX VENTURE:LGO) is pleased to announce that it has entered into a letter of intent […]

Brazilian mining giant Vale (VALE5.SA: Quote) said on Thursday the government is overcharging it for mineral royalties and will seek a legal review of some the requested payments amid a dispute over debts to the government that could reach $2.4 billion. Vale, the world's largest iron ore miner, insisted it had made payments according to the law and said it disagreed with the government over criteria for calculating what it owed.

AMG Advanced Metallurgical Group N.V. (“AMG,” EURONEXT AMSTERDAM: “AMG”) through its Advanced Materials Division, entered into supply agreements with traditional customers for […]

Minera Andes Inc. (TSX:MAI) unearthed 7.5 kilometres of new new high-grade silver/gold veins at its San Jose Mine, Argentina, during exploratory drilling in 2010, the company reported on Thursday. The new veins represent a 44% increase in the cumulative strike length of all veins known at the mine at the end of 2009.

Cerro Resources NL (ASX:CJO)(TSX-V:CJO) has completed its previously announced acquisition of the Namiquipa Silver Project in Mexico from Minera Tasmania S.A. de C.V. Under the Dec. 13 share purchase agreement, Cerro will acquire all of Minera's shares in consideration for 30,000 shares of Cerro. The transaction is expected to close this Friday.

Crystallex International Corporation (TSX:KRY)(NYSE Amex:KRY) announced today that its February 16, 2011, Request for Arbitration before the Additional Facility of the World Bank's International Centre for Settlement of Investment Disputes ("ICSID") against the Bolivarian Republic of Venezuela ("Venezuela") has been registered by the Secretary General of ICSID.