Missed opportunities

Chilean investors have missed a rally in mining stocks

June, 2016 – Santiago, Chile

The processing plant at Santacruz Silver Mining's Rosario mine in Mexico

The processing plant at Santacruz Silver Mining’s Rosario mine in Mexico (Credits: Santacruz Silver Mining)

It has been a year since the Santiago Stock Exchange launched the Santiago Venture Market, a dual-listing initiative with the TSX Venture Exchange in Canada. Since then, conditions in mining markets have changed significantly.

After hitting multi-year lows in late 2015, mining shares have rallied dramatically in line with improved commodity prices, especially gold and silver. Canada’s leading diversified Teck (TSX: TCK) has seen its market capitalization triple this year.

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Arena Minerals in talks to sell Pampas El Peñon

June, 2016 – Santiago, Chile

Arena in talks to sell Pampas El Peñon

Pampas El Peñon project, Region II. (Credits: Arena Minerals)

Arena Minerals (TSXV: AN) has opened negotiations with Rouge Resources (TSXV: ROU) to sell its Pampa El Peñón Au project in Region II.

AN plans to transfer its stake, held through two option agreements with SQM (NYSE: SQM), to ROU in exchange for 8.6M ROU shares and the payment of US$750,000 in cash and a commitment to spend US$1.8M on the project, reflecting ANs outstanding commitments under the options.

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