Mining investment would grow 6% this year, to around US$5 billion, although it would still be below pre-pandemic levels, estimated the Scotiabank Economic Studies Department. This recovery would be explained at the beginning in the construction of mostly brownfield projects (which are developed in the same place and in parallel to the main process). In […]
Tag: gold
Poderosa expects to surpass 2023 results, but multiplies its security spending by 10
The Corporate Affairs Manager of Minera Poderosa, Pablo de la Flor, announced that this year the mine expects to produce close to 300,000 ounces of gold, despite the complicated situation in Pataz due to the constant attacks by illegal mining on its operations. Poderosa is Peru’s main gold supplier. Last year alone, it closed its […]
Gold rises on bets of Fed cuts in the first months of 2024
The gold prices rose on Tuesday for the third session due to the weakness of the dollar and the performance of the Treasury bondin a thin trading session, with traders considering an early start in 2024 for the cuts interest rates in United States. Spot gold gained 0.3% to $2,058 an ounce by 1510 GMT, […]
Moquegua: San Gabriel presents 14% progress in its construction, according to Buenaventura
Buenaventura Mines Company reported that the construction of its gold project Saint Gabriel (Moquegua) presents an advance of 14% at the end of the third quarter of 2023. In the first nine months of the year, the company has reported a net loss of US$28 million compared to the net loss of US$19.8 million in […]
Gold rises as Middle East conflict drives refuge demand
The price of gold rose more than 1% on Monday, as the military conflict between the forces Israelis and the Palestinian Islamist group Hamas increased political uncertainty in the Middle East, prompting safe-haven buying in investments such as bullion. Israel bombed the Palestinian enclave of Gaza on Sunday, killing hundreds of people in retaliation for […]
One of the largest supermarkets in the US sells gold bars; They sell out in hours
The supermarket chain costcoone of the largest in the United States, is selling bullion goldand customers take them out of their hands, as acknowledged by its manager Richard Galanti, the chain’s chief financial officer. The ounce, which is printed with an effigy of what Costco calls “the Swiss goddess of fortune Veriscan” cannot be purchased […]
Pan American Silver completes the sale to Glencore of its stake in an Argentine mine
The Canadian mining company Pan American Silver reported this Monday that it has completed the sale to the Swiss company Glencore of its 56.25% stake in the mining project of copper and gold MARA, in the northern Argentine province of Catamarca. Pan American Silver said in a statement that Glencore paid it $475 million in […]
Bolivia bought 205 kilos of gold in two months to strengthen its reserves
The Central Bank of Bolivia (BCB) bought 205 kilos of gold fine in the two months of validity of the regulations of the law approved by the Government of Luis Arce to “strengthen” the Bookings internationals in the country, which reported declines this year. The purchase operations carried out by the B.C.B. in two months […]
Irregular and illegal mining takes root in Napo, a tourist spot in the Ecuadorian Amazon
The mining irregular and illegal of gold has become indomitable in the vicinity of Tena, one of the most visited tourist destinations in the amazon of Ecuadorwhere this phenomenon is engulfing the nature that attracts its visitors and dividing entire families and communities. A few kilometers from Tena, capital of the Napo province, is Yutzupino, […]
Salar de Maricunga, is the water or lithium in the second largest reserve in the world
Located in the heart of the Atacama desert, in the foothills of the foothills that ascends to 6,000 meters of the impressive volcano “The Eyes of the Salty”on the border with Argentina, the Maricunga salt flat is one of many landscapes of Chili that takes your breath away for its beauty. A pristine space, only […]