Companies Will Promote Chilean Business Commitments at ExpoNor

According to Kallman Worldwide, a global marketing, media and exhibitor services provider, the long-standing and growing partnership between the U.S. and Chile is proof that when it comes to bilateral trade, cooperation pays off for both parties, particularly in the mining industry.

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Production Advances at the Martha Mine in Argentina

After eight months of recommissioning the Martha mine, located in Argentina’s Santa Cruz Province of Argentina, the property is now accelerating Hunt Mining’s transition from an exploration company to a full-fledged mining company. This week they announced their second shipment of silver-gold concentrate.

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Goldcorp, Barrick Partner to Develop Gold Projects in Chile

Goldcorp has entered into an agreement with Barrick Gold to leverage potential synergies within the Maricunga gold belt, located  in Chile's Atacama Region. A number of steps are being taken in order for this transaction to take place, including the acquisition of Kinross Gold’s 25% interest in Cerro Casale and its 100% interest in Quebrada Seca; an additional 25% interest in Cerro Casale from Barrick; and the Caspiche project from Exeter Resource Corp.

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AngloGold Ashanti Production Only Down Slightly in 2016

AngloGold Ashanti delivered a steady operating and financial performance in the second half of 2016, with production coming in at 1.9 million ounces (oz) compared to 2 million oz in 2015. This operating result was achieved despite safety-related stoppages that impacted output by roughly 60,000 oz, planned lower grades at Geita and Tropicana, and the Obuasi mine having been on care and maintenance since last year. These negative production factors were partly offset by a focus on tight cost control, a 14% higher realized gold price, and weaker currencies in some jurisdictions, the company said.

All-in sustaining costs for second half of 2016 was $1,058/oz, higher than the $897/oz for the second half of 2015 due mainly to lower gold ounces sold, higher overall cash costs, higher brownfields exploration costs and increased sustaining capital expenditure, AngloGold said.

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