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Globe and Mail
a day ago
- Business
- Globe and Mail
South America's Golden Triangle: Where Regional Mining Giants Are Staking Their Claims
• Aris Mining Corporation leads Colombian gold production with over 226,000 ounces in 2023 • Cerrado Gold Inc. operates high-grade Argentine operations while Lundin Gold Inc. advances Ecuador's mining transformation • Magma Silver Corp. positions itself strategically in Peru's proven mining district as regional opportunities multiply South America's mining landscape extends far beyond any single country, forming a continental network of precious metals opportunities that spans from Colombia's emerald mountains to Argentina's vast pampas. As global demand for gold and silver intensifies amid monetary uncertainty and industrial electrification, the region's diverse geological provinces are attracting renewed capital flows and operational expansion. From the high-altitude operations of the Andes to the lowland deposits of the Amazon basin, South America's mining hotspots are positioning themselves as critical suppliers in an increasingly resource-constrained world. Colombian Gold: A Strategic Northern Gateway Colombia's mining sector is experiencing significant momentum, led by companies like Aris Mining Corporation (TSX: ARIS) (NYSE: ARMN), which operates the Segovia Operations and the Marmato mine in Colombia, producing over 226,000 ounces of gold in 2023. The company's strategic positioning includes operating rights and a 20% ownership stake in the world-class Soto Norte project, with an option to increase to 50% ownership. Aris Mining says expansion of its two Colombian mines will start delivering increased output as soon as this year, with consolidated gold production projected to rise. Colombia's appeal extends beyond individual operations to encompass strategic geographic positioning. The country's dual-coast access provides logistical advantages for global markets, while its established mining workforce and improving infrastructure create operational efficiencies that international operators increasingly value. Argentine Operations: High-Grade Opportunities in the Southern Cone Argentina's mining sector is represented by companies like Cerrado Gold Inc. (TSX-Venture: CERT), which owns the Minera Don Nicolas mine located in Santa Cruz, Argentina, a producing high-grade gold mine with significant expansion and exploration potential. The company's operations demonstrate Argentina's capacity to host world-class mining assets despite periodic economic volatility. Argentina's mining-friendly policies, particularly in provinces like Santa Cruz and Catamarca, have attracted substantial international investment. The country's vast mineral endowment, from lithium in the north to gold in Patagonia, creates a diversified resource base that appeals to operators seeking portfolio balance across commodity types and geographic regions. Ecuador's Mining Renaissance: The Pacific Rim Advantage Ecuador represents one of South America's most compelling mining transformation stories, with companies like Lundin Gold Inc. (TSX: LUG) pioneering large-scale development in the country's copper-gold belt. Ecuador's mining sector has evolved rapidly from artisanal operations to industrial-scale development, supported by improved regulatory frameworks and strategic infrastructure investments. The country's position along the Pacific Rim provides direct access to Asian markets, while its skilled workforce and proximity to established mining supply chains create operational synergies. Ecuador's geological prospectivity, particularly in porphyry copper-gold systems, mirrors successful mining districts throughout the Andean belt. Peru: The Proven Mining Powerhouse While neighboring countries develop their mining sectors, Peru maintains its position as South America's most established mining jurisdiction. The country's combination of geological diversity, regulatory stability, and operational infrastructure continues to attract both major producers and emerging explorers seeking low-risk, high-reward opportunities. Peru's mining sector benefits from decades of continuous operation, creating deep institutional knowledge and established supply chains that reduce development risks and operational costs. The country's geographic position provides access to both Pacific and Atlantic markets, while its skilled workforce and mining-focused educational institutions ensure operational continuity. This proven environment provides the backdrop for companies like Magma Silver Corp. (TSX-Venture: MGMA) (OTCQB: MAGMF) to advance their exploration programs with confidence. The company's Niñobamba Project benefits from Peru's established mining framework while offering exposure to both gold and silver markets through its dual-commodity potential. Magma Silver: Positioned for Peru's Next Chapter Magma Silver Corp. has strategically positioned itself within Peru's mining ecosystem through its right to acquire a 100% ownership of the 4,100-hectare Niñobamba Project in the Ayacucho region. The company's approach reflects lessons learned from successful regional operators: focus on high-grade targets, leverage historical data, and maintain operational discipline. The Niñobamba Project is across three gold-silver deposits - Niñobamba, Jorimina, and Randypata - providing operational flexibility that many regional operators lack. With over $14.5 million in historical exploration investment and comprehensive geological databases, Magma enters its next exploration phase with significant technical advantages. The company's upcoming Q4 2025 drilling program at Jorimina will focus on confirming and increasing known mineralization while testing for further targets. Newmont Corp. (NYSE: NEM) (TSX: NGT) previously invested $10 million CAD in exploration on the Jorimina and Randypata deposits, identifying several extensive surface gold and silver anomalies on both areas. Newmont's key rock channel sample highlights include: 17.4 m of 3.06 g/t Au and 200m of 0.26 g/t Au. Newmont completed 4,377 m of drilling at Jorimina, and 3,504 m of drilling at Randypata. Highlights from the drilling include Hole - JOR-001: 150m of 0.69 g/t Au which includes an interval of 72.3m of 1.19 g/t Au and Hole – JOR-003: 48m of 0.52 g/t Au. Note that these results are historical and have not been verified by the Company's geologist. Highlights from the trenching program conducted by Rio Silver (TSX-Venture: RYO) (OTCPK: RYOOF) in 2012 at the Niñobamba North Zone, discovered a new gold-silver zone including 56 metres of 1.03 g/t Au and 98.9 g/t Ag in trench TR-01 and 21.77 metres of 1.32 g/t Au and 102.46 g/t Ag in TR-04 ending in mineralization ( Rio Silver News Release of January 14, 2013). These results show the Niñobamba property possesses a strong silver and gold component associated with a high sulphation mineralizing event. Further exploration is required to determine the precious metal zonation, alteration patterns and widths. The trenches were cut approximately perpendicular to the mineralized structure, and the true width of mineralization is yet to be determined. Strategic Positioning in a Regional Context Magma Silver's Peru-focused strategy contrasts favorably with more geographically dispersed approaches. While regional operators manage political and operational risks across multiple jurisdictions, Magma benefits from deep local knowledge and established relationships within Peru's mining community. The company's leadership team combines international capital markets experience with on-ground operational expertise, creating a management structure suited to Peru's mining environment. This combination becomes increasingly valuable as regional competition for skilled personnel and contractor services intensifies. The Regional Resource Equation South America's mining landscape demonstrates that successful resource development requires more than geological potential. Companies like Aris Mining in Colombia, Cerrado Gold in Argentina, and Lundin Gold in Ecuador succeed through strategic positioning, operational discipline, and deep understanding of local conditions. Magma Silver's approach reflects these lessons, combining Peru's proven mining advantages with focused execution and strategic asset consolidation. As regional mining activity accelerates and global demand for precious metals intensifies, companies with established positions in proven jurisdictions may find themselves increasingly well-positioned for the next phase of South American mining development. The continent's diverse mining opportunities create multiple pathways to success, but Peru's combination of geological potential, regulatory stability, and operational infrastructure continues to provide compelling advantages for focused explorers ready to execute disciplined growth strategies. Disclaimer: All opinions and information provided above are intended for educational and research purposes only. The information provided above should be used as a starting point for conducting any research on the public companies discussed. All readers should do their own due diligence and research when determining which investment strategies are best suited for them or seek the advice of an investment professional prior to making an investment decision. The profiles of the above discussed public companies are not in any way a solicitation or a recommendation to buy, sell or hold their securities. Magma Silver Corp. has initiated for digital media advertising valued at thirteen thousand five hundred dollars. Any forward-looking statements set forth in the article above are based on expectations, estimates and projections at the time such statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of words such as 'projects,' 'foresees' 'expects,' 'will,' 'anticipates,' 'estimates,' 'believes,' 'understands' or by statements indicating certain actions 'may,' 'could' or 'might' occur. There is no guarantee past performance will be indicative of future results or that any such forward-looking projections will occur. For a complete disclaimer, investors are encouraged to click here: View more of this article on About Media, Inc.: Founded in 1999, is one of North America's leading platforms for micro-cap insights. Catering to both Canadian and U.S. markets, we provide a wealth of resources and expert content designed for everyone—from beginner investors to seasoned traders. is rapidly gaining recognition as a leading authority in the micro-cap space, with our insightful content prominently featured across numerous top-tier financial platforms, reaching a broad audience of investors and industry professionals. Want to showcase your company's story to a powerful network of investors? We can help you elevate your message and make a lasting impact. Contact us today. Contact: Media, Inc.
Zawya
a day ago
- Business
- Zawya
South Africa: Sibanye-Stillwater to acquire US PGM refinery for $82mln
Sibanye-Stillwater announced that it has entered into a purchase agreement to acquire Metallix Refining for $82m. In operation for the last 60 years, Metallix produces recycled precious metals, including gold, silver and platinum group metals (PGMs), primarily from industrial waste streams. It operates two processing and recycling operations in Greenville, North Carolina. Metallix has a global customer base, which it services from the United Kingdom and South Korea, in addition to its customers in the United States. For the 12 months ended 31 December 2024, Metallix processed approximately 4.2 million lbs of precious metals bearing waste materials and produced approximately 21koz of gold, 874koz of silver, 48koz of palladium, 48koz of platinum, 4koz of rhodium, 3koz of iridium and 263klb of copper. Metallix complements Sibanye-Stillwater's US recycling operations in Montana and Pennsylvania, adding processing capacity and proprietary technology. Sibanye-Stillwater CEO Neal Froneman commented: 'We are excited to be adding Metallix to our existing recycling footprint – the scale, technology, and know-how add positively to our existing recycling operations and advance our urban mining strategy. We expect significant value uplift through the large number of synergies with our existing recycling operations.' The acquisition enhances the group's global recycling reach and internal logistics capabilities, increasing its ability to source materials from multiple regions, facilitating the delivery of end-to-end solutions to customers. Based on the latest audited financial information, Metallix has recorded positive earnings and cash flow and is expected to contribute positively to the Sibanye-Stillwater Group's earnings and cash flow immediately. The transaction is expected to close during the third quarter of 2025, subject to receipt of applicable regulatory approvals customary to a transaction of this nature.
Yahoo
a day ago
- Business
- Yahoo
Russian precious metals exports to China surge in H1 2025
Russian exports of precious metals including gold and silver to China have significantly increased in the first half of the year, with an 80% jump to $1bn compared to the same period last year, reported Bloomberg, citing data from Trade Data Monitor. This surge is attributed to record gold prices, which have risen by around 28% this year, driven by various global economic factors. These factors reportedly include heightened geopolitical risks, trade tensions, and robust buying from central banks and exchange-traded funds. As the world's second-largest gold producer, Russia's annual output exceeds 300 tonnes (t). However, since its invasion of Ukraine in 2022, Russia has been excluded from Western trading hubs such as London and New York. This has left China as one of the few major markets available for Russian precious metals. Despite the Bank of Russia halting large-scale gold purchases, domestic retail demand within Russia has surged, reaching a record high in 2024. Russian citizens have increasingly turned to precious metals as a means to protect their savings amidst economic uncertainty. Russian palladium and platinum producer MMC Norilsk Nickel has responded to the market conditions by increasing its exports to China this year. The prices for these metals have risen significantly, with palladium and platinum prices increasing by 38% and 59%, respectively, this year. In the first half of 2025, Norilsk Nickel reported that the production of palladium and platinum reached 1.3 million ounces, a 5% decrease year-on-year, and 335,000oz, a 6% decrease year-on-year, respectively. All platinum group metals were sourced from the company's own Russian feedstock. "Russian precious metals exports to China surge in H1 2025" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Telegraph
a day ago
- Business
- Telegraph
Savers rush to offload gold as price hits all-time high
A record number of investors have sold their gold back to the Royal Mint as the metal's price continues to hit all-time highs. Despite rushing to the safe haven asset during the geopolitical uncertainty of recent years, pushing prices to record highs of more than £2,600 in April, more investors than ever are choosing to offload the asset. The value of the gold bullion coins sold back to the Royal Mint increased by 55pc year on year between April and June, resulting in significant gains for investors. One investor made £70,000, having bought capital gains tax-free gold coins in October 2024, when the price was £1,972.40 and sold in June 2025, when gold was valued at £2,447.74. Investors increased their selling across all precious metals offered by the Royal Mint, with more individuals than ever also offloading their silver and platinum. The Royal Mint buys back gold bullion coins at 96pc of the live gold price, according to the London Bullion Market Association (LBMA), and will buy back the silver and platinum it offers for 90pc of the price at the time of the sale. However, purchases of bullion coins in gold, silver and platinum were also buoyant, raking in the second-highest quarterly revenue ever for the Royal Mint, and more than double that in the same period in 2024. Gold, silver and platinum bullion coins produced by the Royal Mint are exempt from capital gains tax for UK residents as they are considered legal tender, while gold coins also benefit from VAT exemption. It was not only gold that had a record quarter performance. Silver prices rose above £27 per ounce for the first time since 2011, with sales increasing 51pc in the first quarter compared to the same time in 2024. Platinum sales also increased by 188pc. Stuart O'Reilly, of the Royal Mint, said: 'This quarter demonstrated a remarkable evolution in UK precious metals investing. We're seeing strategic behaviour from investors to rebalance portfolios and rotate into silver and platinum.' The Royal Mint confirmed to The Telegraph that a record number of investors had sold their gold, silver and platinum back to the company, but could not comment on the specific figures. Adrian Ash, director of research at BullionVault, explained that gold sales have been on the rise for a while. He said that between the summer of 2023 and March this year, investors using the platform sold more than they bought every quarter. Russ Mould, of AJ Bell, said: 'Gold bugs will see this as the way to further currency debasement, and the road to more money printing to render the debt even vaguely manageable. 'Others may at least think about a portfolio rebalancing to ensure they do not become over-exposed to the metal, if they already have some.' The Telegraph reported in April that one savvy investor had made almost £100,000 in just seven days, after buying $2m (£1.48m) worth of gold bullion from a mobile app. The anonymous investor purchased 20.44kg of gold on April 7, when the commodity was priced at $3,043 an ounce. A week later, the price of the precious metal had soared to $3,229 an ounce, meaning their $2m investment was now worth an extra $122,232. However, the high prices could push gold out of reach for the average investor. Analysis of US Federal Reserve data by AJ Bell earlier this month found that the average US worker would need to work for 105 hours to buy one ounce of gold – more than two weeks' labour. This compares to just 12 hours in the early 1970s, before Richard Nixon broke up the Bretton Woods agreement that pegged the US dollar to the precious metal.
Globe and Mail
2 days ago
- Business
- Globe and Mail
NOVAGOLD Announces Appointment of New Director
VANCOUVER, British Columbia, July 21, 2025 (GLOBE NEWSWIRE) -- NOVAGOLD RESOURCES INC. ('NOVAGOLD' or the 'Company') (NYSE American, TSX: NG) is pleased to announce that the Company's Board of Directors (the 'Board') has approved the appointment of Ali Erfan to serve on the Board effective immediately. Mr. Erfan's ascension will fill the vacancy left by the departure of director Diane Garrett. 'I am very pleased to welcome Ali Erfan to NOVAGOLD's Board', said Dr. Thomas S. Kaplan, NOVAGOLD's Chairman. 'Mr. Erfan brings a wealth of knowledge and experience as a long-standing Vice-Chairman of The Electrum Group, investment adviser to Electrum Strategic Resources, which is the Company's largest shareholder and a global leader in precious metals mining, with multi-billion-dollar investments and operations in North America. I also wish to extend my deepest appreciation to Diane Garrett for her valued guidance and significant contributions to the Company over her seven years of committed service.' Mr. Erfan has extensive capital markets and industry experience as one of the key executives at Electrum, which he joined in 2007, and as a founding board member of Leor Energy, a privately held North American natural gas producer that went from a start-up in 2003 to being sold to Encana in 2007 for $2.6 billion. He later served on the board of Gatos Silver from IPO through to its merger with First Majestic and presently sits on the boards of Gabriel Resources Ltd. (TSX-V: GBU.V), and Electrum's two privately-held silver vehicles — Sunshine Silver Mining & Refining and Sinda. Prior to joining Electrum, Mr. Erfan was a senior partner at 3i Group plc's London headquarters, one of the world's most prominent listed private equity and venture capital investment companies. Earlier in his career, Mr. Erfan was invested in several early-stage technology companies that achieved IPOs and M&A exits internationally. These included, among others, HTE (acquired by BASF), Insensys (acquired by Moog Inc.), Smart Fuel Cells (IPO Frankfurt), and CSR (IPO London, then acquired by Qualcomm). Mr. Erfan graduated from the University of Oxford with a BA and an MA in Philosophy, Politics and Economics. He holds an MBA from the London Business School and is a member of Kauffman Fellows Class 10. About NOVAGOLD NOVAGOLD is a well-financed precious metals company focused on the development of the Donlin Gold project in Alaska, one of the safest mining jurisdictions in the world. With approximately 39 million ounces of gold in the Measured and Indicated Mineral Resource categories, inclusive of Proven and Probable Mineral Reserves (541 million tonnes at an average grade of approximately 2.24 grams per tonne, in the Measured and Indicated Mineral Resource categories on a 100% basis) 1, the Donlin Gold project is regarded to be one of the largest, highest-grade, and most prospective known open-pit gold deposits in the world. According to the 2021 Technical Report and the S-K 1300 Technical Report Summary, once in production, the Donlin Gold project is expected to produce an average of more than one million ounces per year over a 27-year mine life on a 100% basis. NOVAGOLD Contacts: Mélanie Hennessey Vice President, Corporate Communications Frank Gagnon Manager, Investor Relations 604-669-6227 or 1-866-669-6227 info@ Cautionary Note Regarding Forward-Looking Statements This media release includes certain 'forward-looking information' and 'forward-looking statements' (collectively 'forward-looking statements') within the meaning of applicable securities legislation, including the United States Private Securities Litigation Reform Act of 1995. Forward- looking statements are frequently, but not always, identified by words such as 'expects', 'continue', 'ongoing', 'anticipates', 'believes', 'intends', 'estimates', 'potential', 'possible', and similar expressions, or statements that events, conditions, or results 'will', 'may', 'could', 'would' or 'should' occur or be achieved. Forward-looking statements contained in this media release are based on a number of material assumptions, including but not limited to the following, which could prove to be significantly incorrect: our ability to achieve production at Donlin Gold; the cost estimates and assumptions contained in the 2021 Technical Report and the S-K 1300 Technical Report Summary; estimated metal pricing, metallurgy, mineability, marketability and operating and capital costs, together with other assumptions underlying our resource and reserve estimates; our expected ability to develop adequate infrastructure and that the cost of doing so will be reasonable; assumptions that all necessary permits and governmental approvals will be obtained and the timing of such approvals; assumptions made in the interpretation of drill results, the geology, grade and continuity of our mineral deposits; our expectations regarding demand for equipment, skilled labor and services needed for exploration and development of mineral properties; our ability to improve our ESG initiatives and goals; and that our activities will not be adversely disrupted or impeded by development, operating or regulatory risks. Forward-looking statements are necessarily based on several opinions, estimates and assumptions that management of NOVAGOLD considered appropriate and reasonable as of the date such statements are made, are subject to known and unknown risks, uncertainties, assumptions, and other factors that may cause the actual results, activity, performance, or achievements to be materially different from those expressed or implied by such forward-looking statements. All statements, other than statements of historical fact, included herein are forward-looking statements. These forward-looking statements include statements regarding perceived merit of properties; mineral reserve and mineral resource estimates; and the success of the strategic mine plan for the Donlin Gold project, including expected production and mine life. In addition, any statements that refer to expectations, intentions, projections or other characterizations of future events or circumstances are forward-looking statements. Forward-looking statements are not historical facts but instead represent the expectations of NOVAGOLD management's estimates and projections regarding future events or circumstances on the date the statements are made. Important factors that could cause actual results to differ materially from expectations include the need to obtain additional permits and governmental approvals; the timing and likelihood of obtaining and maintaining permits necessary to construct and operate; the need for additional financing to complete an updated feasibility study and to explore and develop properties; availability of financing in the debt and capital markets; disease pandemics; uncertainties involved in the interpretation of drill results and geological tests and the estimation of reserves and resources; changes in mineral production performance, exploitation and exploration successes; changes in national and local government legislation, taxation, controls or regulations and/or changes in the administration of laws, policies and practices, expropriation or nationalization of property and political or economic developments in the United States or Canada; the need for continued cooperation between the owners of Donlin Gold LLC to advance the project; the need for cooperation of government agencies and Native groups in the development and operation of properties; risks of construction and mining projects such as accidents, equipment breakdowns, bad weather, disease pandemics, non-compliance with environmental and permit requirements, unanticipated variation in geological structures, ore grades or recovery rates; unexpected cost increases, which could include significant increases in estimated capital and operating costs; fluctuations in metal prices and currency exchange rates; whether or when a positive construction decision will be made regarding the Donlin Gold project; and other risks and uncertainties disclosed in NOVAGOLD's most recent reports on Forms 10-K and 10-Q, particularly the 'Risk Factors' sections of those reports and other documents filed by NOVAGOLD with applicable securities regulatory authorities from time to time. Copies of these filings may be obtained by visiting NOVAGOLD's website at or the SEC's website at or on SEDAR+ at The forward-looking statements contained herein reflect the beliefs, opinions and projections of NOVAGOLD on the date the statements are made. NOVAGOLD assumes no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law. __________________________________ 1 Donlin Gold data as per the report titled 'NI 43-101 Technical Report on the Donlin Gold project, Alaska, USA' with an effective date of June 1, 2021 (the '2021 Technical Report') and the report titled 'S-K 1300 Technical Report Summary on the Donlin Gold project, Alaska, USA' (the 'S-K 1300 Technical Report Summary'), dated November 30, 2021. Donlin Gold possesses Measured Resources of approximately 8 Mt grading 2.52 g/t and Indicated Resources of approximately 534 Mt grading 2.24 g/t, each on a 100% basis and inclusive of Mineral Reserves, of which approximately 5 Mt of Measured Resources and approximately 320 Mt of Indicated Resources inclusive of Reserves is currently attributable to NOVAGOLD through its 60% ownership interest in Donlin Gold LLC. Exclusive of Mineral Reserves, Donlin Gold possesses Measured Resources of approximately 0.9 Mt grading 2.23 g/t and Indicated Resources of approximately 69 Mt grading 2.44 g/t, of which approximately 0.5 Mt of Measured Resources and approximately 42 Mt of Indicated Resources exclusive of Mineral Reserves is currently attributable to NOVAGOLD. Donlin Gold possesses Proven Reserves of approximately 8 Mt grading 2.32 g/t and Probable Reserves of approximately 497 Mt grading 2.08 g/t, each on a 100% basis, of which approximately 5 Mt of Proven Reserves and approximately 298 Mt of Probable Reserves is attributable to NOVAGOLD. Mineral Reserves and Resources have been estimated in accordance with NI 43-101 and S-K 1300.
