Losses mount among Chile’s leading salmon-farming firms

Three of Chile’s largest seafood farming operators have posted their third-quarter results for 2020. Chilean salmon farming company Nova Austral’s revenues increased 26% to $39.7 million but cost of goods sold outpaced the revenue increase, increasing by 32 percent year-over-year to $37.3 million. Salmones Austral saw revenues dip 14% to $45.8 million and Multiexport Foods posted a loss of $12.2 million.

Tesoro Resources assays show Chile prospect’s potential for gold mineralisation from surface to depth

Assays from another seven holes completed by Tesoro Resources at its El Zorro project in Chile have added more evidence of a fast-growing gold resource. The company also said additional sampling from an earlier hole at the Ternera prospect has revealed an increased mineralised zone measuring 213.5m long, demonstrating the potential for Ternera to be continuously mineralised from surface to depth.

METKA EGN officially boards Mainstream’s 118.4-MWp solar project in Chile

Greek builder METKA EGN Limited said that its role as the contractor of the 118.4-MWp Pampa Tigre solar project in Chile has been made official. The EPC firm was hired by Ireland’s Mainstream Renewable Power, which first announced METKA’s involvement in September after reaching the financial close for the second phase of its 1.3-GW Andes Renovables wind and solar platform in Chile.