Mirasol Resources Ltd.(MRZLF)- OTCPK - Current
  • Jun. 18, 2013, 12:52 PM

    Argentina's Santa Cruz province slaps a 1% annual tax on mine resources, a move mining companies say they will challenge in court. While the percentage seems small, miners say it will cost them $100M in new taxes next year, as the tax amounts to ~8% of the total resources of a mine with a 15-year life. Among miners with operations in Santa Cruz: AU -3.5%, MUX -2.3%, GG -2.5%, PAAS -1.4%.

    | Jun. 18, 2013, 12:52 PM
  • Dec. 11, 2012, 11:11 AM

    Coeur d'Alene Mines (CDE +1.2%) purchases the 49% of the Joaquin silver-gold project in Argentina it doesn't already own from Mirasol Resources (MRZLF.PK) for $60M in cash and stock. CDE believes Joaquin has "substantial exploration upside and the potential to become a significant silver producer for the company."

    | Dec. 11, 2012, 11:11 AM | 3 Comments