IKN

Hereditary sloth instructs me

Intriguing: Buenaventura (BVN) wants to buy into Argentine junior exposure

So which projects? It would likely be gold target, but BVN produces plenty of silver too, so a silver/gold of plain old silver would be possible.

That Mansfield Minerals (MDR.v) Lindero property strikes me as being the right kind of fit; 2m oz Au and MDR has things in Peru, too. Mind you, I’m just throwing out an educated guess….anyone else have an idea?

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LIMA (Reuters) – Peruvian precious metals miner Buenaventura (BUEv.LM: Quote, Profile, Research, Stock Buzz) (BVN.N: Quote, Profile, Research, Stock Buzz) is in talks to buy controlling stakes in two Argentine junior miners, the company’s top official said on Thursday.

“The idea in these specific projects is that we’d have a majority participation, or 100 percent control,” Chief Executive Roque Benavides said at the Reuters Latin American Investment Summit in Lima.

“We are in conversations. There is nothing concrete to report yet.”

Operations at the company’s La Zanja gold project in Peru, which is expected to produce some 100,000 ounces of gold per year, could start as early as the first quarter of 2010, said Benavides.

He forecast the company’s gold output for the year, excluding its share of production from the Yanacocha mine, at a bit above 450,000 ounces, which is more than the 422,732 ounces reported for 2008.

(Reporting by Marco Aquino and Dana Ford)

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