Metallica Resources

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This article is about a mining company. For the San Francisco thrash metal band, see Metallica.

Metallica Resources Inc. (TSX: MR and NYSE: MRB) is a Canadian based mineral and gold mining company.

Metallica Resources is a publicly held Canadian mineral exploration and development company with a geographic focus in the Americas. The Company has recently increased its ownership interest in a gold project at Cerro de San Pedro Mexico to 100% and is actively pursuing its development. This project has generated legal challenges and concerted opposition by local citizens and organizations across Mexico and North America. The concerns are that the open-pit cyanide leach-pit process used by the project will produce irreparable harm to the environment and historical patrimony of this region in Mexico. Over the years Mexican courts have suspended or revoked various permits for Metallica's Cerro de San Pedro project. There are currently fourteen cases before the Mexican courts awaiting resolution. The Cerro de San Pedro case is also being reviewed by the Commission for Environmental Cooperation (CEC).[1] In addition, the Company has a significant copper-gold project in Chile. Metallica's corporate goal is to build shareholder value through growth of its existing assets and pursuit of quality investment opportunities.