Mining News - Page 42

Cerrado Gold Inc. announced that its wholly owned subsidiary, Minera Don Nicolas S.A. ("MDN"), have entered into an option agreement ("Option Agreement") with Cerro Vanguardia S.A. ("CVSA") a wholly-owned subsidiary of AngloGold Ashanti Holdings Plc, whereby MDN has granted to CVSA the option to purchase a 100% interest in certain properties (the "Michelle Properties") located in the south region of MDN's Minera Don Nicolas Project in Santa Cruz, for total consideration of the Argentina peso equivalent of US$14 million (approximately C$19 million), subject to the fulfillment of certain conditions. The Option Agreement was ratified December 23, 2024, with effect December 18, 2024.

Argentina, with great potential to develop its Andean porphyries.

In 2024, the Center for Research on the Prevention of Mining Industrial Environmental Pollution (CIPCAMI) demonstrated its commitment to environmental protection through 63 water quality monitoring commissions in the departments of Iglesia, Calingasta, and Jáchal, as well as in Ullum, Valle Fértil, and Sarmiento. These commissions facilitated the collection of 382 samples to ensure the quality of the province's water resources.

With a new CEO and strong investment in technology, the leading company in the metalworking sector in San Juan is preparing for the major challenges of the province and the country in 2025.

Regardless of having lower values compared to other metals, silver holds its appeal.

Expert in Circular Economy and Sustainability in the Mining Industry

With nearly 30 years of experience at Scania, including his recent role as Managing Director of Scania Iberia, the new CEO will take on the leadership role in Argentina starting on January 1, 2025.

On December 23, Aldebaran Resources Inc. announced that Nuton Holdings Ltd., a Rio Tinto venture, has confirmed it will make the second payment (US$20 Million) pursuant to the Option to Joint Venture Agreement with Aldebaran announced on November 7, 2024. Aldebaran anticipates receiving the payment in early January 2025.

Established gold producer Austral Gold Limited announced that Casposo Argentina Ltd – Sucursal Argentina (Casposo), a branch of the Company’s subsidiary Casposo Argentina Mining Ltd., obtained a US$7 million secured loan from Banco San Juan S.A., located in Argentina.

NGEx Minerals Ltd. provided the first update on its ongoing Phase 3 drill program at the 100% owned Lunahuasi high-grade copper-gold-silver project in San Juan province. Drilling started in mid-October 2024, and six diamond drill rigs are currently working on the project.

As part of the Raw Materials Week held in Belgium, the representatives of Catamarca, Marcelo Murua, Minister of Mining, and Susana Peralta, president of CAMYEN, held several meetings with European Union authorities, companies, and financial entities to present investment opportunities.

Governor Raúl Jalil signed on Friday 13th of December, with Minister of Economy Luis Caputo the province’s adhesion to the Extinction of Reciprocal Obligations Regime.

AbraSilver Resource Corp. announced assay results from the ongoing, fully-funded 20,000 metre (“m”) Phase IV drill program, on its wholly-owned Diablillos project, located in Salta province. Step-out drilling at the JAC Zone continues to deliver high-grade silver intercepts, further expanding the mineralized footprint of the deposit. Key highlights from the latest assay results include:

The golden metal is the leading actor in Argentina's mining exports. Its future is largely tied to copper.

According to data presented by the Group of Exploration Companies of Argentina (GEMERA) at the "Argentina Gold, Silver and Copper" seminar, organized last week by Panorama Minero, foreign investment in mining exploration reached US$493.4 million in 2024, representing a 15.7% increase compared to the previous year. This progress positions Argentina as the sixth global destination for mining investments, surpassing countries such as Peru and Brazil.

McEwen Copper Inc., a subsidiary of McEwen Mining Inc., has obtained approval for the Environmental Impact Assessment (EIA) of the Los Azules copper project. The Environmental Impact Declaration (DIA), issued by the Ministry of Mining of the Province of San Juan, marks a crucial step toward the project's feasibility, construction, and future operation.

Mineral product exports from Argentina reached a total of US$442 million in October 2024, bringing the total for the first 10 months of the year to US$3.611 billion. This performance represents a 61% year-on-year increase in October and a 12.6% growth for the year-to-date, compared to the same period in 2023. Mining exports accounted for 7.0% of Argentina's total exports in October and 5.6% for the year-to-date, exceeding the average mineral exports from 2010 to 2023 by 17.8%. This was reported in the latest update from the Ministry of Mining.

Aldebaran Resources Inc. announced the results of an updated mineral resource estimate for the Altar copper-gold project in San Juan province. This updated resource estimate includes three main porphyry discoveries (Altar Central, Altar East, and Altar United) reported within a single conceptual open pit. The 2024 Altar Resource Estimate is reported using the same cut-off (US$13.99 NSR/t) as the 2021 mineral resource estimate, to allow for a direct comparison.

Filo Corp. announced assay results from six holes from the Filo del Sol Project, located in San Juan province.

Aldebaran Resources Inc. announced that field activities are underway and drilling has commenced at the Altar project in San Juan province.. The Company has secured five drill rigs for the 2024/2025 field program, with an option on a sixth, and is targeting approximately 25,000 m of drilling.