Category: Chile
21 Posts
POSTED ON October 23, 2014 BY Travis McPherson

The Lundins focus on Chile is continuing today, this time with more news from portfolio company, NGEx Resources (NGQ:TSX). “Chile’s biggest new copper-gold camp” is posted all over NGEx’s website and the company believes that they not only have large deposits (3 of them to be exact), but that they are sitting on an entire… Continue Reading

POSTED ON July 01, 2014 BY Tommy Humphreys

“A miners’ legend has it that Satan lives in gold mines.” The New Yorker is out with an incredible long form survival story. In 2010, 33 workers at the San José Mine in Chile’s Atacama desert were trapped 2000 feet below the surface for 69 days with barely enough food to keep them alive, and only oil tainted… Continue Reading

POSTED ON June 04, 2014 BY Tommy Humphreys

World leading global natural resource developers, the Lundin Group, led by Swedish billionaire tycoon, Lukas Lundin, have only one mineral exploration vehicle left. It’s called NGEx Resources Inc. (TSXV:NGQ), after the family motto: No Guts, No Glory and the company’s main focus, Exploration. NGEx owns three large copper gold deposits along the Chile/Argentinian border, the Josemaria, Los Helados, and Filo… Continue Reading

POSTED ON January 10, 2014 BY Travis McPherson

Haywood Securities’ Chairman, John Tognetti, has added 2.4 million shares to his position in Mirasol Resources (MRZ:TSXV) which brings his total position to over 7.9 million shares or roughly 25% of the company.  Mr. Tognetti has been a supporter of Mirasol for a number of years and clearly continues to have his conviction about the… Continue Reading

POSTED ON January 08, 2014 BY Travis McPherson

Chile is facing a widespread port strike which is affecting the South American country’s number one export; copper.  According to reports, Codelco has been affected to the tune of $130 million.  In 2011, a one-day strike cost Codelco roughly $40 million.  The company uses the San Antonio Port to ship sulphuric acid from the south… Continue Reading

POSTED ON November 21, 2013 BY Travis McPherson

Dr. John-Mark Staude’s Riverside Resource (RRI:TSXV), the prospect generator with precious and base metal assets across some of North America’s most prolific mineral belts, announced initial exploration results from their Flute and Lennac projects in BC.  The projects were identified as part of a three year alliance with Antofagasta, the Chilean copper giant, which ends… Continue Reading

POSTED ON October 02, 2013 BY Travis McPherson

International Minerals (IMZ:TSX) has agreed to be bought by Peruvian miner, Hochschild Mining (HOC:LN) for CAD$2.46 per share.  On top of the cash component, International Minerals shareholders will also receive one common share of Spinco which will hold IMZ’s current portfolio of Nevada assets including the Goldfield and Converse properties.  Spinco will also keep the… Continue Reading

POSTED ON September 19, 2013 BY Travis McPherson

NGEx Resources (NGQ:TSX) released an updated resource estimate for its Los Helados copper-gold porphyry project.  The project is a large, low-grade, bulk tonnage copper-gold porphyry system located on a contiguous land package that the company holds in Chile’s Region III.  The company completed an additional 32 holes and over 32,200m which was completed earlier this… Continue Reading

POSTED ON September 18, 2013 BY Travis McPherson

Another good sign for the resource equity markets; Paul Matysek’s Goldrock Mines (GRM:TSXV) quietly raised $9.24 million by way of strategic investment by Austral Gold (AGD:ASX) consisting of units at $0.80 per share (with an $0.80 warrant).  This represents a 51% premium to yesterday’s closing price.  After closing, Austral will own approximately 15% of Goldrock.  Austral’s… Continue Reading

POSTED ON September 16, 2013 BY Tommy Humphreys

Clive Johnson is a big, fast-talking ex-rugby player and one of Canada’s best gold mining executives. The 56-year-old has built back-to-back multi-billion-dollar gold companies. His latest, B2Gold Corp. (TSX:BTO), is one of the few gold producers to have delivered for investors over the past five years. Johnson’s contrarian instincts have served him well in a… Continue Reading

POSTED ON August 08, 2013 BY Travis McPherson

Capstone Mining (CS:TSX) announced today that it would acquire the right to earn up to 70% of the Project Providencia from Sociedad Quimica y Mineral de Chila S.A. (SQM).  The property is somewhat strategic in that it sits approximately halfway between Capstone’s Santo Domingo Project and Anglo American’s Mantos Blancos copper mine. SQM is a… Continue Reading

POSTED ON August 02, 2013 BY Tommy Humphreys

Kip Keen at Mineweb has a new interview with Dave Lowell, Chairman & CEO of Lowell Copper (TSXV:JDL), discussing the Ricardo property in Chile. Finding an ore body at Ricardo will be challenging, Lowell says. “We’re looking for vertical tabular slabs of ore with no alteration halo on either side and it probably will be deep,… Continue Reading

POSTED ON August 01, 2013 BY Travis McPherson

Exeter Resource Corp (XRC:TSX) was up 50% in early trading and closed up 22% with abnormal volume on no news today.  Exeter has been advancing the very large, but costly Caspiche gold/copper porphyry in Chile which boasts 19Moz Au and 4.62Bn lbs Cu in reserves which ranks it in the top 1% of global gold… Continue Reading

POSTED ON July 10, 2013 BY Tommy Humphreys

Octogenarian self styled ‘treasure hunter’ Dave Lowell, who we called Mining’s Greatest Explorer in a January, 2013 short film about the legend, has launched a new copper exploration and development company, Lowell Copper, and subsequently raised $11.4 million in a financing in which we participated (details). The company’s principal asset is the Ricardo project in… Continue Reading

POSTED ON April 30, 2013 BY CEO Technician

The Q1 2013 Newmont Mining conference call was about as somber as a funeral procession and company management offered little for investors to get excited about in the future. The senior gold producers have clearly turned their attention to aggressive cost cutting after years of mining cost inflation and terribly timed spendthrift acquisitions of lackluster… Continue Reading

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