Torex Pours First Gold at El Limón-Guajes

Torex Gold Resources poured the first gold-silver doré bars at its El Limón-Guajes open-pit gold-silver project in Guerrero state, Mexico, in late December. Contained metal totaled about 350 ounces (oz) of gold and 350 oz of silver. The project will continue to ramp up throughout 2016.

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Silver Standard Evaluating Chinchillas Deposit

Silver Standard Resources has entered into an agreement with Golden Arrow Resources to explore, evaluate and possibly develop Golden Arrow’s Chinchillas project in Jujuy province, northern Argentina. The Chinchillas project is based on a prospective silver-lead-zinc deposit located approximately 30 km from Silver Standard’s Pirquitas silver-zinc mine.

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Goldcorp, Teck Complete Project Corridor Transactions

Goldcorp announced in late November completion of transactions necessary for the formation of a 50/50 joint venture with Teck Resources to develop their respective El Morro and Relincho projects in the Atacama region of Chile as a single project. The combined project currently has the interim name of Project Corridor.

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Barrick, Antofagasta Form Zaldívar JV

Barrick Gold completed sale of a 50% interest in its Zaldívar copper mine in northern Chile to Antofagasta Plc on December 1. Plans for the transaction were initially announced in late July. Under the new ownership structure, Zaldívar will have a joint Barrick-Antofagasta board of directors consisting of three Barrick nominees and three Antofagasta nominees. Antofagasta will act as the operator of the mine and will be subject to oversight and direction by the board.

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