Canadian miner cited uncertainty over whether it will ever have its mining license for the operation reinstated as main reason for the layoffs.
Latin America Mining News
The Canadian precious metals miner produced 109,947 gold ounces and 3,178,742 silver ounces, last year, roughly in line with full-year guidance of 109,500 ounces of gold and 3,337,000 silver ounces.
An earthquake in Peru on Sunday has claimed two lives and caused an illegal mine to collapse.
China’s global resource grab, and the ramifications for the rest of the world, are on my radar screen. Are they on yours? If not, maybe they should be.
With the friendly takeover First Majestic gains Primero’s flagship asset, the San Dimas silver-gold mine, located in the state of Durango.
Yamana Gold provides preliminary 2017 operational results and an update on construction activities at Cerro Moro
There was strong production momentum, which continued into the fourth quarter and for the full year 2017
This is the ninth consecutive year the Canadian miner achieves record annual gold production.
Decision doesn’t mean the miner has abandoned plans to capitalize on the electric-car boom, sources familiar with the matter say.
Fruta del Norte is expected to produce 340koz of gold per year over 13 years.
The Falkenhain deposit, in the German state of Saxony, is located about 5 km from another Bacanora asset in Germany — the 50%-owned Zinnwald lithium project.
Unless disagreements at negotiations for wages and benefits are resolved by Jan. 19
The miner’s local subsidiary has entered into an agreement to acquire mining properties in southern Peru near its Constancia copper mine.
Brazilian mining giant is retaining control of the TIPLAM port terminal, which was originally included in the deal.
The Canadian miner wants to increase production to 135,000 ounces of gold per year.
The approval of the supreme decree 042-2017 in December might generate more unrest.
The mining cycle turned two years ago – gains for the sector's largest companies have far outpaced stocks like Apple, Amazon, Google and Facebook since.
Investments grew by 54.8% compared to the same month of 2016.
The bulk of new capacity would come online in 2019.
Unionized workers at Glencore's Lomas Bayas copper mine rejected a final contract offer and began government-facilitated mediation Thursday to avoid strike.
From a nugget containing 1682 troy ounces of gold to one shaped like a massive pair of hands- here is a list of five of the biggest existing nuggets.
Crystallex International Corp is seeking to collect $1.2 billion plus interest awarded in 2016 by a World Bank tribunal against Venezuela, which Venezuela has refused to pay.
Vale and BHP Billiton in talks over future of their Samarco iron-ore joint venture, including the possibility of the Brazilian miner taking full ownership.
And 12.3m contained ounces of gold.
Markets where technology hasn’t substantially shortened the supply cycle and where cost are rising (ie copper) have the greatest long-term upside in prices
Venezuelan President Maduro shocked the market in early December when he followed China's 'petro-yuan' futures announcement by making headlines of himself proclaiming a new national cryptocurrency - the 'Petro' - to overcome The West's "financial blockade."