Thursday, 20 November 2014

Los Azules Copper: Canada's Goldcorp To Inaugurate Argentine Gold, Silver Mine In February.


  We have great news for Argentina mining today. As we have discussed before, the situation is changing for the better now for mining and resource sector in the country. Goldcorp is delivering its new mine on-line with 1.7 Billion investment in Argentina. After Lumina Copper was taken out by First Quantum Los Azules Copper is primed for the M&A now. 
  Our deal with McEwen Mining has cleared the title for Los Azules and our company will benefit from any new developments with this giant copper project now. TNR Gold holds 0.4% NSR Royalty on the entire Los Azules Copper project, has received 850,000 shares of McEwen Mining and will get 1% of Los Azules sale amount within 36 months. This news from Gold Corp is very significant positive development for Argentina and I am closely watching the developments with Barrick Gold and Pascua Lama now.
  Now you can better understand the potential for International Lithium J/V with Ganfeng Lithium on Mariana lithium project in Argentina. Country risk today - valuation catalyst tomorrow.

TNR Gold: Los Azules Copper And M&A in Argentina - First Quantum Minerals to Acquire Lumina Copper For $470 Million.

 "My expectations have not let me down this time. Lumina Copper is gone for 470 million. Proud people of Argentina can be expecting now the re-rating of risk and increased valuations for other mining projects respectively. My Team at TNR Gold and I will continue to write our story about Los Azules Copper M&A and Mariana Lithium project for our International Lithium.
  Los Azules Copper is the next prized asset to be talked about in the industry from today. Read more."

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Canada's Goldcorp to inaugurate Argentine gold, silver mine in February

"Buenos Aires Nov 20 (EFE).- Canada's Goldcorp will formally inaugurate its Cerro Negro gold and silver mine in Argentina in February, a project that required an investment outlay of 14.2 billion pesos $1.7 billion ) in the construction phase, officials said.
Argentine Mining Secretary Jorge Mayoral met Wednesday with Goldcorp's head of operations for Central and South America Eduardo Villacorta , to analyze final construction work at Cerro Negro, located near the town of Perito Moreno in the southern province of Santa Cruz .
The mine is expected to be formally inaugurated in February, the Mining Secretariat said in a statement.
The mine will have an operational lifespan of 23 years and a production capacity of 4,000 tons per day of gold and silver concentrate, officials said.
Goldcorp says on its Web site that Cerro Negro "poured first gold" in July of this year and that 2014 production is expected to come in at between 130,000 and 180,000 gold ounces.
Cerro Negro is the second investment foray into Argentina by the Vancouver -based miner, which also has a 37.5 percent stake in the Alumbrera copper project in that South American country's northwestern region. EFE Kitco."

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