Buenaventura says new mine to kick off production in November 2016-09-15Peruvian precious metals miner Buenaventura expects its Tambomayo mine to produce its first bar of gold in November and reach full output at the end of this year or the start of next, the company said late on Wednesday. Renzo Macher, Tambomayo's project manager, told reporters on the sidelines of a mining conference that the underground mine should produce at least 120 000 oz of gold next year.
Buenaventura expects key permit for gold project by end of year 2015-09-23Peruvian precious metals miner Buenaventura expects the government to issue an environmental permit for its San Gabriel gold project at the end of the year, the company's vice president of operations said Tuesday. Igor Gonzales added that San Gabriel, formerly called Chucapaca, will likely produce around 200 000 oz/y of gold starting in the first quarter of 2018. The mine will cost between $460-million and $520-million.
Nearby Location News
Magellan Gold Signs Letter of Intent on Silver-Gold Exploration Property in Peru 2016-07-05RENO, Nevada, July 5, 2016 /PRNewswire/ -- Magellan Gold Corporation (OTCQB: MAGE) ("Magellan" or "the Company") today announced it had signed a non-binding Letter of Intent ("LOI") with Rio Silver Inc. ("Rio Silver") (TSX.V: RYO) pursuant to which Magellan is granted the option to...
Magellan Gold to earn 50% stake in Rio Silverâs Peruvian NiÃ±obamba silver project 2016-07-04Arm’s length parties Rio Silver and Magellan Gold have signed a nonbinding option agreement allowing Magellan to earn up to 50% of the Niñobamba silver project, in Peru. Pending regulatory approval and following a 45-day due diligence period, the parties will sign a definitive agreement.
Rio Silver and Magellan Gold Sign LOI for Ninobamba Property in Peru 2016-07-04
TORONTO, ONTARIO--(Marketwired - July 4, 2016) - Rio Silver Inc. ("Rio Silver" or the "Company") (TSX VENTURE:RYO) is pleased to announce that it has entered into a non-binding letter of intent (the "LOI") with Magellan Gold Corporation ("Magellan") (OTCQB:MAGE), an arm's length party, pursuant to which, subject to regulatory approval, Rio Silver has granted to Magellan an option (the "Option") to earn an undivided 50% interest in the Company's Niñobamba Silver Property ("Niñobamba"). The parties intend to replace the LOI with a definitive agreement (the "Definitive Agreement") containing industry standard terms and conditions following a 45-day due diligence period.