The strike has not had a significant impact on mine and consolidated production, the company said.
Mexico Mining News
World number four miner announces ambitious production, reserves and cost-cutting targets.
Annual consolidated production in 2016 was 145,530 gold equivalent ounces, down from the 154,529 gold equivalent ounces mined in 2015, but liquid assets now worth $64 million.
As part of the world's third largest gold producer by market value's ongoing efforts to focus on highly profitable, core assets.
Operations have been halted since Friday, when one of the two unions blocked all access to El Peñón as a way to press management.
Expected increased in the adoption of alternative energy sources by the country's gold sector to be boosted by recently passed regulations, such as the carbon tax.
Moody's says base-metals will come under pressure in 2017 – and that includes the zinc price.
When a massive country de-nationalizes its entire energy sector and opens its oil and gas doors for the first time ever to foreign companies, the opportunities are staggering.
The innovation is expected to eliminate all greenhouse gases associated with the movement of ore and waste rock, equal to 5,000 tons of CO2 per year.
Exploration has been expanded to include a new, recently discovered target at the historic Varela Mine.
Under current law and absent the passage of new legislation, the president does have legal authority to take the requisite steps to withdraw the U.S. from NAFTA and raise tariffs on imports.
Output of the precious metal in the three months to Sep. 30 increased 20% to 3.1 million ounces — a new quarterly record.
Ten gold mines that timed the gold price rally to perfection – Barrick owns four of them.
The acquisition of Silver Standard Resources’ exploration properties is part of the Vancouver-based miner recent emphasis on expanding its presence in Mexico.
The country's sector, dominated by precious metals and zinc, will be well-positioned for the expected price outperformance of these commodities, shows new report.
Grupo Mexico’s project is being scrutinized once again.
The miner plans using proceeds from the exercise of the purchase rights and any direct sales of Brio shares to reduce debt.
Is lithium the new super-mineral? Analysts seem to think so.
The assays result ranged from 347ppm to 1000ppm Li, the highest values received to date from the project.
Total production for Q3 was 36,496 gold equivalent ounces using gold to silver ratio of 75:1.
Shares in the Mexico-focused precious metal producer dropped as much as 2.4% to 1608 pence in London after the news.
Despite the lower figures, the miner noted it remains on track to meet full year revised guidance of 5.5-6.0 million ounces of silver this year.
Running at a loss, it cannot afford its share of a recent cash call to continue funding the Minera y Metalúrgica del Boleo mine in Mexico
The company's stock has fared better than many competitors in the last two years, boosted by the resilience of the lithium price, which has tripled since 2000 regardless of the commodity cycle.
Government mediation could end blockade by truckers and farmers at Vancouver gold miner's flagship Mexico operation, readied for immediate restart.