Latest Chile News

Tesoro Gold has established a maiden 1.28 million-ounce JORC Ore Reserve at Ternera in Chile, entirely within a single open pit. The reserve gives the El Zorro project a 13-plus-year production base, but the next test is funding and permitting a development still at PFS stage.

FMR Resources has shifted decisively towards Chile, expanding its copper-gold portfolio while early Llahuin drilling suggests the interpreted porphyry core remains untested. The exploration push came with a $6.44 million loss, $4.65 million in cash and a renewed dependence on future capital.

Kingsgate Consolidated has increased Nueva Esperanza’s Ore Reserves by 31% for silver and 37% for gold, extending the assumed reserve life beyond 12 years. The gains are largely driven by higher price assumptions and lower royalties rather than new drilling.

Culpeo Minerals has started a four-hole, 2,000-metre maiden diamond drilling programme at Vista Montana, testing a copper-molybdenum target north-east of its Lana Corina discovery. The company is also using IP surveys to refine targets, while assays from El Quillay South returned several narrow copper-gold intersections.

Cobre has secured two ore supply agreements that could add about 300 tonnes of copper cathode a month from Q4 2026, without changing its existing production guidance. The deal is designed to lift utilisation of the under-used Sierra Atacama plant while the company transitions from underground to open-pit mining in 2027.

Marimaca Copper has reported a 216-metre sulphide intersection grading 0.96% copper and 7.2g/t silver at Pampa Medina, including 62 metres at 2.20% copper and 21.5g/t silver. Step-out drilling also extended mineralised horizons beyond the central zone, while diamond drilling is now testing deeper ground to the north and northwest.

FMR Resources has identified a strong induced polarisation anomaly beneath historical artisanal workings at its Esperanza prospect in Chile, marking it as a priority drill target. The result is encouraging, but remains an early-stage geophysical signal pending 3D modelling, fieldwork and drilling.

Hot Chili has reported a 398-metre copper-gold intersection from surface at its La Verde discovery in Chile, including 62 metres at 0.91% CuEq. The results extend the case for a higher-grade starter pit, but the project remains an exploration discovery with no Mineral Resource declared.

Freehill Mining navigates severe weather disruptions in Chile's Coquimbo region with steady aggregates sales and advances copper expansion plans, leveraging legislative changes to boost production capacity.

Andean Silver has raised A$40 million through a discounted placement to accelerate production restart plans and resource growth at its Cerro Bayo silver-gold project in Chile, underpinning its push toward feasibility studies and early works.

Capstone Copper has boosted its Atacama presence by acquiring the San Pietro copper project, adding 16,000 hectares and nearly half a billion tonnes of inferred resources to its Mantoverde-Santo Domingo district.

Southern Hemisphere Mining has reported substantial new copper sulphide zones at its Llahuin project in Chile, reinforcing an exploration target of up to 340 million tonnes and setting the stage for further drilling and beneficiation work.