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Last C$0.08 CAD
Change Today 0.00 / 0.00%
Volume 0.0
LAT On Other Exchanges
As of 3:56 PM 03/25/15 All times are local (Market data is delayed by at least 15 minutes).

latin american minerals inc (LAT) Snapshot

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06/19/14 - C$0.25
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03/13/15 - C$0.05
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latin american minerals inc (LAT) Details

Latin American Minerals Inc. primarily engages in the exploration and development of mineral properties in South America. The company holds an interest in the Paso Yobai gold project that consists of 15,020 hectares of mineral concession rights located to east of the capital city of Asuncion; and a 100% interest in the Itapoty diamond project that includes 2 exploration property claims covering an area of 155,801 hectares located in Paraguay. It also holds a 100% interest in the Chiriguelo Niobium/Rare Earth project covering an area of 25,500 hectares located in Paraguay; and a 100% interest in the Tendal zinc, copper, lead, and silver project, which comprises 6 mineral concessions covering an area of approximately 36,000 hectares located in the province of La Rioja in northwestern Argentina. The company was incorporated in 2003 and is headquartered in Toronto, Canada.

latin american minerals inc (LAT) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$131.3K
Chief Financial Officer
Total Annual Compensation: C$118.2K
Compensation as of Fiscal Year 2013.

latin american minerals inc (LAT) Key Developments

Latin American Minerals Inc. Completes Construction of Three Heap Leach Pads at Paso Yobai Gold Project

Latin American Minerals Inc. announced construction of three heap leach pads and related infrastructure, now in operation at its wholly owned and fully permitted Independencia Mine, part of the company's Paso Yobai gold property located in Paraguay. A fourth leach pad is under construction.

Latin American Minerals Inc. Reports Commencement of Heap Leach Gold Processing at Fully Permitted Independencia Mine

Latin American Minerals Inc. reported the commencement of heap leach gold processing at its fully permitted Independencia Mine, part of its Paso Yobai gold project located in Paraguay. The company is significantly increasing gold extraction at the Independencia Mine. The existing bulk sampling operations at its gravity plant (mill) will now be supplemented with the operation of reusable heap leach pads, effectively expanding its capacity of 4,000 tonnes to 21,000 tonnes per month. The first of several pads has been completed, with gold leaching now underway. The company is proceeding with construction of additional pads. The heap leach operation contemplates extraction and assaying of saprolite mineralization from the existing open pit, agglomeration of mineralization to improve gold recoveries and leach times to a short 20-30 day period, conveyor belt distribution to reusable covered leach pads, on- site desorption of loaded carbon, electro-winning, and final smelting of doré. Tailings will be rinsed and neutralized prior to movement to the Company's on-site tailings dam. These heap leach pads will run concurrently with on-going gravity plant gold extraction. The company's heap leach processing decision is not based on a feasibility study of mineral reserves demonstrating economic and technical viability and is required to advise the reader that there is no certainty the proposed operations will be economically viable.

Latin American Minerals Inc. Secures USD 700,000 Bank Loan

Latin American Minerals Inc. announced the receipt of a USD 700,000 bank loan to proceed with the heap-leach plant expansion at Independencia Mine, part of the Company's Paso Yobai gold project located in Paraguay. The bank loan consists of a secured 6 year loan of USD 600,000 and revolving line of credit of USD 100,000, provided by the Banco Bilbao Vizcaya Argentaria (BBVA) in Paraguay. The Company is allowed to prepay the loan, and expects to do so from operating cash flow earlier than the 6 year term. The loan is secured by the pilot plant machinery and certain real estate (land and building) in Paraguay, but the security does not affect the heap leach operations, any surface rights of the X-Mile Trend or Discovery Trend or any other of the Company's mineral properties.


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