Las Bambas Begins Shipping Copper Concentrate

MMG Ltd. began commissioning the Las Bambas copper mine in southern Peru in the fourth quarter of 2015 and started shipping copper concentrate in mid-January as part of the commissioning process. Project construction was essentially complete as of late January, with remaining activities largely associated with the molybdenum concentrator and new facilities at the Port of Matarani.

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NGEx Reports Positive PEA for Chile/Argentina Project

NGEx Resources has reported positive results from a preliminary economic assessment (PEA) of proposed integrated, sequential development of the Josemaría and Los Helados copper-gold deposits, located about 12 km from each other on opposites sides of the Chile/Argentina border. The integrated project has been named Project Constellation.

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Torex Pours First Gold at El Limón-Guajes

Torex Gold Resources poured the first gold-silver doré bars at its El Limón-Guajes open-pit gold-silver project in Guerrero state, Mexico, in late December. Contained metal totaled about 350 ounces (oz) of gold and 350 oz of silver. The project will continue to ramp up throughout 2016.

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Silver Standard Evaluating Chinchillas Deposit

Silver Standard Resources has entered into an agreement with Golden Arrow Resources to explore, evaluate and possibly develop Golden Arrow’s Chinchillas project in Jujuy province, northern Argentina. The Chinchillas project is based on a prospective silver-lead-zinc deposit located approximately 30 km from Silver Standard’s Pirquitas silver-zinc mine.

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