Fortuna Silver Mines has provided its latest Mineral Reserve and Mineral Resource estimates as of December 31, 2023 for its five operating mines in West Africa and the Americas, as well as the Arizaro project, part of the Lindero mine located in Salta and operated through its subsidiary Mansfield Minera SA, in Argentina.
Canadian company McEwen Mining, developing the Los Azules project through its subsidiary McEwen Copper, in the province of San Juan, reported that twenty drilling rigs are on-site, with over 36,000 meters of drilling completed to date as part of the season. The goal is to advance in all areas contributing to the upcoming Feasibility Study (FS), expected to be published in the first quarter of 2025.
During the announcement of its year-end results, the Canadian company, operator of the iconic Veladero gold deposit located in the Iglesia department of San Juan province, stated that "the operation comfortably exceeded its production expectations and managed to reduce costs, marking a significant shift in its trajectory."
AbraSilver Resource Corp., in partnership with Teck Resources Limited, has announced the commencement of drilling activities at the La Coipita copper-gold porphyry, located in San Juan. This project is situated in a region renowned for hosting world-class deposits such as Josemaría, Altar, Filo del Sol, and Los Azules.
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The governors of San Juan, Salta, and Catamarca decided to form the Copper Task Force, composed of three of the provinces with the most advanced copper projects in the country. This decision was made within the framework of the intense agenda that officials maintained in Europe alongside the National Mining Secretariat.
The provincial government of Salta presented the comprehensive electrification project of the Puna to representatives from companies in the sector at a meeting held at the local Mining House. The initiative aims to ensure electrical supply to mining projects and communities in the region, with a focus on efficiency and electrical safety.
The Ministry of Mining of the Nation and the governors of Salta, Jujuy, San Juan, and Catamarca presented the Argentine mining asset as a de-risking factor at the First Argentine-German Meeting on Critical Minerals in Berlin. Sovereign guarantees, financial instruments, and specific funds for the development of new investments in Argentine mining were the focus of the business day.
The Chinese delegation was informed about regulations aimed at installing the hydrochloric acid plant as a lithium input.
Renowned San Juan geologist Mario Hernandez has been appointed as the new Sustainability Manager for the Los Azules copper project, operated by McEwen Copper in the province of San Juan.
In its latest report, presented in January following the change of government, the National Mining Secretariat provided updates on employment levels in the industry. Based on the analysis of September, the latest reporting period, and presented during the current month, the national mining portfolio highlighted that mining workers in Argentina reached the threshold of 40,243 jobs, with a growth of 7.6% compared to September 2022.
According to the latest official report, the number of companies comprising the mining productive framework reached 1,102 by the analysis period, last September. This figure represents a 3.3% increase compared to the same period of the previous year and reflects a greater momentum in mining activity in the country.
This was announced by Filo Corp. in a recent statement, affirming the exceptional potential to expand the high sulfidation copper, gold, and silver epithermal deposit associated with a large copper and gold porphyry system located in San Juan territory. The goal for 2024 is to evaluate the full potential of the property, globally recognized for its geological wealth.
It occurred during a meeting with First Quantum Minerals and its subsidiary Corriente Argentina S.A. The National Mining Secretary also participated. "This is one of the most important projects that could change the productive matrix of the province," the government stated.
Cerrado Gold Inc. announced production results for the fourth quarter of 2023 from the Minera Don Nicolas Mine in Santa Cruz Province, Argentina.Full financial results are expected to be released in late April 2024.
Canadian firm Latin Metals Inc. has announced the acquisition of the Terraza copper exploration project located in the province of Jujuy, taking possession of 68,000 hectares rich in the red metal. With an extensive exploration portfolio in South America, Latin Metals aims to establish a presence in the copper sector and sediment-hosted projects in this emerging region, expanding its land holdings to over 500,000 hectares.
Hyundai Motor Group has reported securing a four-year agreement with Chinese company Ganfeng Lithium to ensure the supply of lithium hydroxide, a crucial component in the manufacturing of batteries used in electric vehicles.
Argentine mining company Argentina Lithium & Energy Corp, a member of the Grosso Group and a partner of the automaker Stellantis, has announced encouraging results from exploration holes No. 10 and No. 11 in its lithium project Rincón Oeste, located in the province of Salta. The samples collected from a section of 295.5 meters in the well "RW-DDH-010" ranged from 245 to 366 mg/l of lithium. Likewise, samples collected from a section of 321 meters in "RW-DDH-011" varied between 246 and 344 mg/l of lithium.
With operations in Salta, Fortuna Silver Mines has shared the production results for the fourth quarter and the full year 2023 from its five operational mines in Latin America and West Africa. Throughout 2023, Fortuna achieved a record production of 326,638 ounces of gold and 5,883,691 ounces of silver, totaling 452,389 equivalent ounces of gold, including lead and zinc as by-products.
Barrick Gold Corporation (NYSE: GOLD) (TSX: ABX) has released preliminary production results for the fourth quarter and full year of 2023. The preliminary gold production for the full year reached 4.05 million ounces, consistent with the guidance outlined in the third-quarter statement. The preliminary copper production of 420 million pounds for 2023 fell within the guidance range of 420 to 470 million pounds.
Canadian-based exploration company, NOA Lithium Brines, has announced high-grade results from its lithium project, Rio Grande, located in the province of Salta, Argentina.
Pampa Metals Corp. has unveiled the completion of the design for its diamond drilling program aimed at showcasing the potential of the Piuquenes Central copper-gold project in San Juan. The project area hosts a mineral body reaching a depth of 1,000 meters and a diameter of 300-500 meters.