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Thoughts on mining in Latin America
18
Aug

Playing house

A week at home playing house. The key task was working on my Colombian tax return which is an exercise in complexity that requires professional help. But in addition to that bureaucratic headache, it was a week of looking ahead including putting the finishing touches to some site visit plans and looking ahead to the Colorado precious metals conferences in September.

Both events are set for record participation by mining and exploration companies and attendance. Read my Mining Journal piece here, and the general feeling is that there is a lot of interest returning to the sector. With gold knocking on the door of US$1,300/oz, copper knocking on US$3/lb and zinc breaking through US$3,000t, the resource space is starting to fizz again. So, who are the prime candidates to be taken out by larger companies? I will be covering both the Precious Metals Summit and Denver Gold Forum for Mining Journal and am starting to book meetings so contact me if you want to catch up.

One upshot of commodity prices moving higher is that good exploration results are starting to be rewarded again. Regulus Resources stock rocketed 70% this week when it reported 184m @ 1.54 % Cu, 1.05g/t Au & 11.9g/t Ag at its Antakori project in Peru. I visited Antakori in February and it has a lot of promise, so congratulations to John, Kevin and the rest of the team.

Closer to home:

  • I caught up with Mario Stifano and got an update about Cordoba Minerals and its plans for the next 12 months which includes a resource update and PEA on Alacran. Read all about it in CGL#73 to be published on 1st September.
  • Antioquia Gold updated its Cisneros M&I resource to 510kt @ 5.95g/t Au with 496kt of inferred @ 6.66g/t Au
  • Gran Colombia Gold announced a four-year mine life extension at Segovia. The company was on track for record production this year but that seems to have been stymied by the civil disturbances in the town that has impacted production. There will be a write up about this in CGL#73 and about some of the comments made by management during its 2Q17 results conference call. The call was also rich in wince-words, phrases that executives should perhaps not say even if true. Have a listen from about 19 minutes. Is there a need for some media training?

Not much of a video this week, but a cracking tune laced with some moral guidance. Take it away Green Velvet.

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