Issue link: http://resourceworld.uberflip.com/i/198816
ship levels up to 14.9%. Strait also announced that Teck Peru was preparing to start an initial 3,500-metre drill campaign at Alicia. Sulliden Gold Corp. Ltd. [SUE-TSX; SDDDFOTCQX] announced on September 11 the approval of its Environmental Impact Assessment by Peru's Ministry of Energy and Mines for its Shahuindo gold-silver project. Under a feasibility study completed in September 2012, Shahuindo will be an open-pit heap leach mine requiring a capex of $131.8 million. Average life-of-mine grades are estimated at 0.84 g/t gold and 9.50 g/t silver. On September 19, the company also announced a $40 million bought deal financing. Teck Resources Ltd. [TCK.B-TSX; NYSE] holds a 22.5 % interest in Antamina copper-zinc mine in Peru; a 76.5% interest the Quebrada Blanca mine in northern Chile; and a 90% interest in 90% Carmen de Andacollo in central Chile. It also has a portfolio of development and exploration projects in the region, such as earn-in deal for Strait Gold Corp's Peru-located Alicia copper-gold project interest. The company is currently focused on reducing capital expenditure, which includes delaying the development of its Quebrada Blanca Phase II Project. Tinka Resources Ltd. [TK-TSXV] wholly-owns the Colquipucro and Ayawilca silver-zinc projects in Peru. On September 25, the company announced a drill rig had been mobilized at Ayawilca for the resumption of exploratory work. On September 3, Tinka also announced infill drilling results from Colquipucro. Highlights include hole CDD-31, which intersected 64.9 g/t silver from 26-70.5 metres, and hole CDD-34, which intersected 76.4 g/t silver from 84-105 metres. Troy Resources [TRY-TSX, ASX] operates the Andorinhas Mine in Brazil, and the Casposo Mine in Argentina. Casposo generated revenue of $147.4 million for the year ending June 30, which compares with $132.6 million for the year-end to June 30, 2012. Revenue from Andorinhas stood at $55.3 million, down from $76 million. The fall stems from lower gold grades mined. Troy also holds the recently-acquired West Omai and East Omai development projects in Guayana. The company aims to complete a prefeasibility study for West Omai during H1 2014. Yamana Gold Inc. [YRI-TSX; AUY-NYSE; YAU-LSE] operates and holds interests in mines and development projects across the region. Total production for South American operations, including the company's 12.5% stake in the Alumbrera Mine, Argentina, stood at just over 256,300 gold eq. ounces for the three months ending June 2013, which compares with 259,000 gold eq. ounces for the corresponding period last year. The company's Pilar gold operation in Brazil is now coming on stream and celebrated its first gold pouring in July. n november 2013 www.resourceworld.com 17