Mexico Mining News

Endeavour Silver to slash 2016 output by over 25%

The cut-back should help the miner lower all-in sustaining costs of production and generate free cash flow.

Double-digit growth expected for Chile, Colombia, Peru and Mexico — Scotiabank

Despite recent market volatility and exposure to low oil and commodity prices, the countries growth won't be affected, says the bank.

Grupo Mexico seen bucking copper slump as analysts recommend buy

Mexico’s biggest copper producer is leveraging its relatively low debt and strong profit margins to invest more than $4.6 billion expanding some of its mines.

Phased-approach to mine development, a proven business model for risk reduction

The strategy is to explore and build a mine in phases for the least amount of time and upfront investment dollars with subsequent investment based on continued success.

Canada’s Evrim acquires Cerro Cascaron gold property in Mexico

The property is located some 70 kilometres southeast of Goldcorp Inc.’s past-producing El Sauzal gold mine.

Endeavour silver production above expectations, but gold falls

It mined 7.2 million ounces of silver last year, or about the same than in 2014, but gold output fell 4% to 60,000 ounces.

Komatsu to purchase equity of service company for mining equipment in Mexico

The firm is buying 60% of Road Machinery Co., S.A. de C.V, Mitsui's subsidiary in Mexico, which services Komatsu mining equipment.

Mining projects worth $56 billion to come on stream in Peru beginning 2016

China is currently the top investor in the country's sector, pumping $19.2 billion into several copper, gold and silver projects.

Yamana Gold decides not to divest Brazilian operations after all

The miner said current market conditions are not supportive of a private placement on terms the company would find acceptable.

Goldcorp caught in middle of Mexican gang war

Rival gangs are preying on a small community at Goldcorp's Los Filos gold mine in Mexico's Guerrero state leaving at least 26 people dead since mid-2014.

Fresnillo says pipeline rupture contained

Mexican authorities say about 450 tonnes of material was released.

Bacanora’s lithium project in Mexico three times richer than thought

The Sonora project holds 5.0 million tonnes of lithium carbonate equivalent, which is 337% higher that the previously reported 1.14 million tonnes.

World’s biggest zinc producer exploring total exit from mining

Nyrstar is also considering to cut global zinc concentrate supply by up to a further 400,000 tonnes if the slump in commodity prices continues.

Latin America’s mining industry remains optimistic — report

Most mining companies and financiers active in Mexico, Central and South America continue to explore, develop and operate projects despite current market conditions.

Peru's Garcia makes mining key pillar of his presidential campaign

The former president says lack of immediate benefits for communities has driven mining opposition causing the country to lose billions worth of gold and copper projects.

Canarc to lease fully permitted processing plant in Zacatecas Mexico

Canarc plans to use the plant starting in 2016 for processing ore from Canarc’s recently acquired, fully permitted, El Compas Mine, located 20 kilometers away from the plant by road near the southern city limits of Zacatecas and for toll milling up to 100 tonnes per day of ore from local small miners.

U.S. Precious Metals drills 183.7m to 194.6m (10.9 meters) of 2.9 ppm Au and 11.2 ppm Ag

"We are evaluating a soil and stream sediment survey campaign to begin exploring other areas where surface samples have returned favorable assay results for all three metals."

Shift to underground boosts output at Coeur's Mexico mine

Coeur Mining reported rising production at its Mexican mine as a transition from open pit to underground mining advances.

Over $21bn worth of mining projects delayed in Peru due to social conflict

Six people have been killed in anti-mining protests so far this year, including three at last week's clash between police and locals near Las Bambas copper mine.

Past-producing Mexican silver mine to come online by year-end

8 million+ silver-equivalent ounces expected over next two years.

Canada, Australia, US, Chile and Mexico, the top destinations for mining investors

Despite current adverse conditions, advisory firm Behre Dolbear is recommending mining stakeholders to focus on markets that have been able to ride the wave relatively well so far.

Southern Silver reports on corporate matters

Southern Silver has granted shareholder Electrum Group the right to earn an indirect 60% interest in the Cerro Las Minitas property in Durango, Mexico

Goldcorp slashes dividend 60% amid dire gold market

The company also said it will spend between $850 and $900 to produce an ounce of gold this year, less than its previous forecast of between $875 and $950.

Prepare for flood of copper concentrate

New data by International Copper Study Group predicts copper mine output will grow 5.7 million tonnes by 2018 as Peru, Zambia and Mexico ramp up production.