Civil society groups urge halt to Barrick’s Pueblo Viejo expansion

The company plans to use the proceeds for the exploration and development of the Las Chispas silver-gold project in Mexico.

Mine output fell 3 percent in the first nine months of the year as ore grades sharply declined, leading to a 12 percent drop in pretax profit.

Move allows major companies to lease to juniors all or part of assets they are not actively developing.

The company extended known targets and discovered new high-grade vein systems at its La India gold project in Nicaragua.

Move followed the dismissal of 49 workers and eight supervisors, union President Ronald Salcedo said.

The deposit is believed to be the largest undeveloped tin resource outside of a producing camp in Peru.

The revised guidance is part of the company's ongoing progress in a number of low cost copper growth opportunities.

It is already being called by some experts “the thickest high-grade copper intersection seen in years.”

In the case of Rainbow Mountain, those in favor of conservation appear to have won out.