It also recorded an impairment charge of $31.7 million, or $20.5 million net of tax, related to placing the La Guitarra mine on care and maintenance.
Mexico Mining News
Five bodies were recovered from a collapsed marble and limestone mine in the town of Dengantzha, located in the Hidalgo state.
The Canadian precious metals miner logged a $10.6-million net loss for the first half of the year following a $49-million investment in its Gold Bar, Black Fox and Los Azules projects during the period.
Silverstream valuation had an adverse effect on profit before income tax, which came down 16.6% to $323 million.
It has decided not to go ahead with a proposed $100-million share sale to help it fund the Mexican project.
The Maritime-based junior is drilling its Pilar Gold Project in Sonora, Mexico.
Minera Frisco and Goldcorp’s subsidiary Minera Peñasquito are joining forces in Zacatecas.
Mining-union leader Napoleon Gomez Urrutia, who fled to Canada more than a decade ago after being accused of embezzlement, is on the short list for a senate seat in Mexico.
A dam filled with liquid waste collapsed last Monday at Rio's Cieneguita mine in Chihuahua.
How did we get here and what does this ratcheted-up trade war mean for Canada, the United States and investors?
Some Republican lawmakers warn that Trump could trigger a trade war that would destabilize the economy and ultimately hurt American workers.
As of Tuesday, Mexico will impose tariffs of 15 percent to 25 percent on U.S. steel products.
The world’s two biggest economies need to agree on a new framework that will allow both of their economic systems to co-exist.
Southern Copper Corp. is preparing to scale the ranking of global producers by spending more than $10 billion in Peru and Mexico.
Aluminium in particular shows why tariffs are such a poor trade weapon.
Trump's tariffs on Washington's closest allies also drew condemnation at home from Republican lawmakers and the country's main business lobbying group.
The US on Thursday said it will impose tariffs on aluminum and steel imports from Canada, Mexico and the EU, reigniting fears of a global trade war.
This is the fourth project to be drilled under the terms of a second round of strategic investment from Fortuna Silver Mines, announced in early May.
Pan American Silver Corp became the latest company to curtail operations in Mexico due to rising violence and crime.
The United States Steel Corp is re-hiring or recruiting around 500 workers as it readies for production in mid-June at a blast furnace it idled in 2015.
As the year has progressed, the underbrush has gotten thornier, Trump's progress on trade has slowed, and now it has likely stopped altogether.
Megastar Development wants to buy the Rama de Oro project located in the state of Oaxaca.
The approval was the final government agency’s permission the parties required to close the deal.
Los Mineros Union, led by expat in Vancouver Napoleón Gómez Urrutia, had been fighting since November 2017, to be the legally constituted union at the ELG Mine Complex.
The miner is working towards reactivating its Aranzazu and São Francisco gold projects in Mexico and Brazil, respectively.