Mexico Mining News

Aztec identifies 11 porphyry targets at Cervantes

The company intends to complete detailed mapping, rock and soil sampling and possibly IP geophysics to confirm possible drill targets.

Coeur Mining’s shares hit on first quarter 2019 production and sales report

The miner maintains production guidance for 2019.

Fresnillo Q1 production slumps, sticks to FY targets

The company reported lower than expected full-year profit in February while warning of headwinds including lower precious metals prices for 2019.

McEwen ponders sale of Mexican assets

The net proceeds would be used to advance other development projects and retire a portion of the company’s debt.

Premier to acquire polymetallic property in Mexico

The San Felipe property is located 55 kilometres from the company's Mercedes mine in Sonora.

Sable expands Margarita with best intercept to date

The company is targeting the project’s Margarita Vein, where it recently drilled the project’s best intercept to date.

Alamos Gold sells royalty portfolio to Metalla for $8m

Alamos will sell a portfolio of 18 royalties to Metalla Royalty and Streaming for $8 million in Metalla shares. Following the transaction, Alamos will own 6.26% of Metalla.

Mexico renews 15% steel tariff on countries without trade deals

The tariff was established in 2015 to protect Mexico's domestic steel producers from growing Asian imports.

30 countries face higher resource nationalism risk — report

On the upside, the RNI report shows that 24 nations have seen improvements in their index performance.

Bacanora Lithium extends footprint in Germany with new licence

The company has secured a second five-year exploration licence in the Erzgebirge (meaning Ore Mountain) region of Saxony, which completely encloses its Zinnwald project.

Almaden's stock jumps after 2019 corporate report released

The 2019 report on corporate social responsibility described the community-related activities the company has been engaged for over 15 years at the Ixtaca precious metals project in Puebla State, Mexico.

Mexico will not revoke mining concessions, wants Canadian miners to be "clean"

Mexican President Andres Manuel Lopez Obrador has called on Canadian firms to adhere to the same standards that they follow in their home country.

Silvercrest upgrades resource at Las Chipas ahead of PEA

The project now contains 1 million indicated tonnes grading 6.98 grams per tonne gold and 710.6 grams silver.

Leagold achieves higher gold production with 2018 acquisitions

More than half the company’s 2018 gold production came from its Los Filos gold mine in Mexico, which produced 195,362 oz. gold last year.

Southern Copper eyes lithium project in Mexico – CEO

Southern Copper had not made an offer on the lithium project in Mexico, but there's also a Chinese company that's interested.

Leagold describes Los Filos expansion

The expanded Los Filos project will have a 20-year mine life (2019-2028) during which time 3.2 million oz. of gold will be recovered.

Kootenay Silver nearly triples financing after acquiring two new projects in Mexico

Mapping and sampling completed by Kootenay of mineralized veins exposed at surface returned grades of up to 692 g/t silver.

'No to the mine' – Mexico's indigenous fight to stop mining on ancestral land

A group of Nahua Indian villagers could make legal history in Mexico this month when a court rules on a land dispute involving a Canadian miner.

Mexico eyes fresh US targets in steel tariff dispute-official

Mexico could soon slap duties on new U.S. products as it overhauls the list of targets chosen in retaliation for the Trump administration's 2018 steel and aluminum tariffs.

Fresnillo misses 2018 output targets, warns of challenging year ahead

The world's largest primary silver producer and Mexico's No.2 gold miner warned of possible lower prices, higher inflation and worsening foreign exchange rates in 2019.

Can blockchain help drive miners' bottom line?

“Mining is the slowest industry to adapt to new technology.”

Silvercrest finds another vein at Las Chispas

The company intersected high grade silver and gold mineralization along a 1.5 km strike length at Babi Sur.

BMO: Silvercrest Metals could be ‘takeover candidate’

SilverCrest is “an attractive takeout candidate for a mid-tier gold and/or silver producer.”

BHP's board approves funding for BP-led U.S. oil project

The $696m move comes about a month after London-listed oil and gas major BP discovered further oil prospects in the Gulf of Mexico.

Grupo Mexico net profit falls by a third in Q4

The company reported $2.567 billion in revenues for the fourth quarter, down slightly from a year earlier.