The company intends to complete detailed mapping, rock and soil sampling and possibly IP geophysics to confirm possible drill targets.
Mexico Mining News
The miner maintains production guidance for 2019.
The company reported lower than expected full-year profit in February while warning of headwinds including lower precious metals prices for 2019.
The net proceeds would be used to advance other development projects and retire a portion of the company’s debt.
The San Felipe property is located 55 kilometres from the company's Mercedes mine in Sonora.
The company is targeting the project’s Margarita Vein, where it recently drilled the project’s best intercept to date.
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.
The tariff was established in 2015 to protect Mexico's domestic steel producers from growing Asian imports.
On the upside, the RNI report shows that 24 nations have seen improvements in their index performance.
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.
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.
Mexican President Andres Manuel Lopez Obrador has called on Canadian firms to adhere to the same standards that they follow in their home country.
The project now contains 1 million indicated tonnes grading 6.98 grams per tonne gold and 710.6 grams silver.
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 had not made an offer on the lithium project in Mexico, but there's also a Chinese company that's interested.
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.
Mapping and sampling completed by Kootenay of mineralized veins exposed at surface returned grades of up to 692 g/t silver.
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 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.
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.
“Mining is the slowest industry to adapt to new technology.”
The company intersected high grade silver and gold mineralization along a 1.5 km strike length at Babi Sur.
SilverCrest is “an attractive takeout candidate for a mid-tier gold and/or silver producer.”
The $696m move comes about a month after London-listed oil and gas major BP discovered further oil prospects in the Gulf of Mexico.
The company reported $2.567 billion in revenues for the fourth quarter, down slightly from a year earlier.