Regional News - Latin America - April 2017

Lundin Gold Awards Fruta del Norte Mine Development Contract

Lundin Gold’s wholly-owned subsidiary Aurelian Ecuador S.A. has awarded the mine development contract for its Fruta del Norte gold project in Ecuador to a 50:50 consortium of Ingenieria y Construcciones Mas Errazuriz of Chile and Sevilla y Martinez Ingenieros C.A. Semaica of Ecuador. The two companies are partnering as Lundin’s key contractor for development of the portals and twin declines to access the mine and for preparation of the mine for operations.

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Production Advances at the Martha Mine in Argentina

After eight months of recommissioning of the Martha mine, located in Argentina’s Santa Cruz Province of Argentina, the property is now accelerating Hunt Mining’s transition from an exploration company to a full-fledged mining company. They recently announced their second shipment of silver-gold concentrate.

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Horizonte Awards Feasibility Study Contracts for Araguaia

Horizonte Minerals has awarded contracts for a feasibility study of its 100% owned Araguaia nickel laterite project in Pará state, northeastern Brazil. The goal of the study is to deliver the most economically robust production scenario to produce 14,500 metric tons per year (mt/y) of nickel in ferronickel using rotary kiln electric furnace technology. The study is targeted for completion by the end of 2017 and is fully funded through to completion.

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Regional News - Latin America - March 2017

Guyana Goldfields Expanding its Aurora Gold Mine in Guyana

Guyana Gold is initiating work to increase plant processing capacity at its Aurora gold mine in northern Guyana from 5,600 metric tons per day (mt/d) to 8,000 mt/d. Annual life-of-mine gold production will increase to more than 200,000 ounces per year (oz/y) beginning in 2018, with annual gold production expected to peak at 303,000 oz in 2021.

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Head grade to the mill will average 3.02 grams/mt gold over the life of the mine. Cash costs are forecast to average $612/oz, including royalties. All-in sustaining costs are forecast to average $747/oz.

The Aurora project poured its first gold in early August 2015 during the course of plant commissioning and reached commercial production on January 1, 2016. Production during 2017 is forecast at 171,000 oz.

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Teck, Goldcorp Reactivate Major Project in Chile

A deep restructuring process led Goldcorp and Teck to carry out its most ambitious project in the Atacama region (northern Chile) through New Union SpA. This is a new company formed by Relincho Bermuda Ltd., AUR QB Ltd., Minera Goldcorp Chile SpA and Datawave Sciences Inc., which will seek synergies between the El Morro and Relincho projects.

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LATIN AMERICA - JANUARY 2017

Vale Starts the S11D Iron Ore Project • Nyrstar Sells Contonga Mine • Antofagasta Receives Go-ahead for Centinela Expansion

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LATIN AMERICA - December 2016

Las Bambas to Resubmit Environmental Plan Following Protests • Hudbay Deals With Protests at Constancia • Trevali Discovers High-grade Zone at Santander

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