Mexico

Goldcorp takes $36 million writedown on Mexican mine

Cecilia Jamasmie | October 30, 2014
Goldcorp takes $36 million writedown on Mexican mine

Value of low-grade ore stockpile at the Peñasquito mine dropped, raising average costs by $64/oz. and negatively affecting adjusted earnings by $0.04/share.

Grupo Mexico billionaire buying buoys Southern Copper’s stock

Bloomberg | November 13, 2014

German Larrea is purchasing stock in mining unit Southern Copper Corp. (SCCO) to reinforce confidence amid falling metal prices.

Paramount Gold and Silver substantially expands San Francisco bulk tonnage potential

Marketwired | October 26, 2014
mexico map flag mining

Paramount Gold and Silver Corp. announced Oct. 21 that new drilling at its 100%-owned San Miguel Project in northern Mexico is likely expanding the bulk minable resource in the San Francisco deposit.

Costs of Mexico copper mine spill climbs to almost $140 million

Cecilia Jamasmie | October 9, 2014
Costs of Mexico copper mine spill climbs to almost $140 million

Figure is based on preliminary assessments of the damage caused to water, flora, fauna, and wildlife, as well as official information on water quality.

Gold output hike boosts Mexico’s Durango state appeal

Cecilia Jamasmie | October 7, 2014
Gold output hike boosts Mexico’s Durango state appeal

The news represents a relief for local authorities, which have seen several projects halted in recent months.

Goldcorp begins production at Quebec's Eleonore mine

Cecilia Jamasmie | October 2, 2014
Goldcorp pours first gold bar from Quebec's Eleonore mine

Output for this year is expected to be between 40,000 and 60,000 ounces of gold, reaching 7,000 tonnes a day by 2018.

Goldcorp expects 1 million ounces output from Mexico despite El Sauzal closure

Cecilia Jamasmie | October 1, 2014
Goldcorp expects 1 million ounces output from Mexico despite El Sauzal closure

Local press is reporting the miner has already abandoned the operation, which was in its last year of active mine life.

New toxic spill reported at Mexican copper mine

Cecilia Jamasmie | September 22, 2014
New toxic spill reported at Mexican copper mine

So far Grupo Mexico has been charged with more than $3 million in fines, and could face more.

Newstrike surges after strong Mexico PEA

Frik Els | September 15, 2014
Newstrike surges after strong Mexico PEA

Capex of $164m for 116,000oz gold, 239,000oz silver over a 8.2 year life for Ana Paul mine in Guerrero gold belt, Mexico.

Agnico Eagle to buy Cayden Resources for $205m

Frik Els | September 8, 2014
Vancouver gold junior pops on Mexico discovery

Mostly shares-based deal will see Toronto-based Agnico Eagle acquire two highly prospective Mexican gold properties.

Goldcorp says El Sauzal may not be restarted

Frik Els | September 4, 2014
Goldcorp says El Sauzal may not be restarted

"Worst case scenario" for Mexican mine in final year of its life says Vancouver-based gold giant.

Goldcorp suspends operations at El Sauzal mine

Michael Allan McCrae | September 2, 2014
a stop sign painted on the road

As of this year, the mine produced 37,000 ounces of gold.

Mexico forces partial closure of mine responsible for massive toxic spill

Cecilia Jamasmie | September 2, 2014
Mexico forces partial closure of mine responsible for massive toxic spill

Mexico's environmental prosecutor has imposed a new partial order of closure on Grupo Mexico’s Buenavista copper mine.

Less than 2% of Peru’s total mining concessions are active

Cecilia Jamasmie | August 28, 2014
Less than 2% of Peru’s total mining concessions are active

Around 15,000 of the total 55,000 licences in effect risk fines and even losing all privileges over the land.

Chinese investment to make Peru world’s second-largest copper producer

Cecilia Jamasmie | August 27, 2014
Chinese investment to make Peru world’s second-largest copper producer

Chinese backers are now behind one-third of all Peru’s new mining investments by value.

Mexican mining company lied on spill: government

Cecilia Jamasmie | August 20, 2014
Mexican mining company lied on spill: government

Authorities said Grupo Mexico lied about a spill of 40,000 cubic meters of acids and heavy metals that contaminated two rivers and a dam in the northern state of Sonora.

INFOGRAPHIC: Best, brightest CEOs in mining

Visual Capitalist | August 20, 2014
CEOs in mining feat

Who were the top earners in 2013?

Mexican copper mine 'too slow' to report spill

Cecilia Jamasmie | August 13, 2014
Mexican copper mine too slow to report spill: authorities

Grupo Mexico has denied reports claiming it did not immediately report a massive acid spill from its Buenavista mine in the country's north.

First Majestic Silver profit up, but below estimates

Cecilia Jamasmie | August 13, 2014
First Majestic Silver profit up, but below estimates

Output at the company's mines reached a record 3,855,223 silver equiv. oz., up 6% from the previous quarter.

Chris Thompson: Gold and silver miners that can make money now

The Gold Report | August 13, 2014
Gold and silver miners that can make money now

"My view is that it's all about real return."

Mexico copper mine spill pollutes water supplies 40 km from U.S. border

Cecilia Jamasmie | August 12, 2014
Mexico copper mine spill pollutes water supplies 40 km from U.S. border

While Canada and the U.S. look at Mount Polley disaster's aftermath, another big spill has contaminated rivers a bit further south.

Peru gives Southern Copper’s $1.4bn Tia Maria copper mine final approval

Cecilia Jamasmie | August 6, 2014
Peru gives Southern Copper’s $1.4bn Tia Maria copper mine final approval

The mine is expected to produce 120,000 tons of copper a year during its 20 years of mine life.

Grupo Mexico considers mining for rare earths

Cecilia Jamasmie | July 15, 2014
Grupo Mexico considers mining for rare earths

The news come only weeks after the government announced it would begin funding explorations projects to locate deposits of the coveted elements.

First Majestic hits silver output record, to spin-out non-core assets

Cecilia Jamasmie | July 14, 2014
First Majestic hits silver output record, to spin-out non-core assets

Production at its five operating silver mines in Mexico hit a record of almost 3.86 million equivalent ounces of silver for the second quarter ending June 30.

Peru set to become world’s second largest copper producer in 2016

Cecilia Jamasmie | July 11, 2014
Peru set to become world’s second largest copper producer in 2016

Currently China is the second largest producer of the red metal, with an annual output of about 1.6 million tonnes per year.

Could gang violence end Mexico's shale dream?

Oilprice.com | July 1, 2014
shale oil mexico gan g violence

Thinking twice about moving south of the border.

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