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.
Who were the top earners in 2013?
Grupo Mexico has denied reports claiming it did not immediately report a massive acid spill from its Buenavista mine in the country's north.
Output at the company's mines reached a record 3,855,223 silver equiv. oz., up 6% from the previous quarter.
"My view is that it's all about real return."
While Canada and the U.S. look at Mount Polley disaster's aftermath, another big spill has contaminated rivers a bit further south.
The mine is expected to produce 120,000 tons of copper a year during its 20 years of mine life.
The news come only weeks after the government announced it would begin funding explorations projects to locate deposits of the coveted elements.
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.
Currently China is the second largest producer of the red metal, with an annual output of about 1.6 million tonnes per year.
Thinking twice about moving south of the border.
Company seeks smaller deals in Latin America after biggest in its history.
The Peña de Oro target at the Vancouver junior's El Barqueño property in Mexico intercepts 45 meters of 4.06 g/t Au with 0.39% Cu and 19 meters of 4.98 g/t Au with 0.26% Cu,
Cost of mining and exploring for gold and silver in the country has increased 13% and 20%, respectively, over the past year.
The region produces 45% of the world’s copper, 50% of its silver, 26% of its molybdenum, and equally high percentages of zinc, gold and iron ore.
The country sees a growing opportunity for other players beside China.
"We're seeing some positive developments in Argentina relative to attracting foreign investment."
But long-term future uncertain, reveals study.
The processing is expected to gradually increase to 5,000 tonnes per day over the next three months.
Due to the suspension, forecast 2014 gold production at Los Filos is expected to be at the low end of the mine's guidance range of between 330,000 and 345,000 ounces.
So far this year Mexico has seized more than 200,000 tonnes of illegal iron ore, most of it on its way to China.
The gold giant's ongoing dispute with Mexican landowners could affect 2014 production at its currently halted Los Filos mine.
Vancouver-based miner's step-out drilling at producing San Jose mine shows great expansion potential.
Cayden Resource's maiden results from a new target at its El Barqueño project in Mexico adds another 6% to an 80% share surge in 2014.
The South American nation lost the title to China in 2012.
The Vancouver-based miner's shares surge after its silver and gold properties in Mexico and Peru up production more than 50%.
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