Take physic, pomp

non-gold mining in Paraguay

Latin American Minerals (LAT.v), Sheldon Inwentash’s Hail Mary shot at mining gold in Paraguay, was featured in this report by Paraguay’s newspaper of record, ABC Color, late last month. To say that progress has been slow over at LAT.v is an understatement but at least here we find out why. The report tells of local protests, of artisanal miners who want a part of the LAT.v Paso Yobái concession handed over so they can mine for gold, of violent protests against the ABC Color reporter who covered the story etc. The last paragraph of the report seems to sum up the situation well, as the reporter quotes local company manager Juan Carlos Benítez:

“Benítez added that for the last 22 days the company has removed its personnel from Paso Yobái, due to violent threats from the protestors. “

Moral: When playing the LatAm junior mining sector, stick to the serious countries.

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