Engineering & Mining Journal

APR 2019

Engineering and Mining Journal - Whether the market is copper, gold, nickel, iron ore, lead/zinc, PGM, diamonds or other commodities, E&MJ takes the lead in projecting trends, following development and reporting on the most efficient operating pr

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54 E&MJ • APRIL 2019 MINING IN BRITISH COLUMBIA AND YUKON the Silver Sand project, and the agreement is the first of its kind to be put into law with a foreign entity. Gordon Neal, New Pacific's president and CEO, believes the recently signed agreement will be used as a template for companies wanting to enter the mining industry in Bolivia. "Since New Pacific singed the MPC, I have had calls and meetings with at least four other foreign companies looking at Bolivia with investment interest. I expect the number of foreign companies operating in Bolivia to double before the end of 2019," stated Neal. Another silver producer to have entered South America is Endeavour Silver, which has added the Aida, Paloma and Cerro Marquez expansion projects in northern Chile to its portfolio. "We have a great port- folio of 'home run' exploration projects, and our goal is to make a world-class discovery. We want to become a larger, better and more sustainable company. Chile offers us a strategy to attain this. It is a high- risk and high-reward situation," said Brad Cooke, CEO of Endeavour Silver, which produced approximately 10 million oz sil- ver and equivalents in 2018 from its four underground high-grade silver-gold mines operating in Mexico. Chile is the main focus of Amerigo Re- sources, which produces copper concen- trates at its 100% owned MVC operation by processing fresh and historic tailings from Codelco's El Teniente mine. Rob Hender- son, Amerigo's president and CEO, believes the country's infrastructure is equivalent to Canada's: "There are people with strong technical skills and the government is sup- portive of mining, as it makes up 25% of their GDP. Environmental regulations are based on a high standard and are clear, and the rules of business are stable and trans- parent," noted Henderson, adding: "Ad- ditionally, the geological potential is enor- mous, under-explored, and its position in the Andes indicates there is much to find." Precious metals in the United States: new players head south of the Canadian border While the influx of Canadian mining com- panies into Central and South America has gathered pace, others prefer to look closer to home. Nevada, a two-hour flight from Van- couver, is synonymous with gold and cur- rently ranked the number three global min- ing jurisdiction by the Fraser Institute. Fiore Gold was founded in 2016 with a focus on exploration stage projects in Latin America, but soon realized the traditional exploration model of having to return to the market to source equity funding for exploration was not Rui Feng, chairman and CEO, Silvercorp Metals. Gordon Neal, president and CEO, New Pacific Metals Corp.

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