Mexico Mining News

Great Panther Silver increases mineral resources at Topia Mine, Mexico

Great Panther Silver Limited has updated its mineral resources at the company's 100%-owned Topia silver-gold-lead-Zinc mine in Durango, Mexico. The 2011 mineral resource estimate, by Vancouver-based Roscoe Postle Associates (RPA), comprises measured & indicated ("M & I") mineral resources of 171,000 tonnes at 864g/t silver, 1.56g/t gold, 7.53% lead and 4.37% zinc (7.44 million silver equivalent ounces), a 36.3% increase over the 2009 resource estimate.

Nonferrous minerals exploration rebounds 45% to second-highest total on record

Responding to rising metals prices and more stable markets, most mining companies increased exploration budgets in 2010. The result was a 45% increase in estimated worldwide nonferrous metals exploration spending over 2009. Regionally, Latin America (led by Mexico, Peru, Chile, Brazil, and Argentina) was the top exploration destination in 2010-a position it has held for the better part of two decades-while Canada was the top country overall. Gold was the leading target, attracting more than half the global exploration budget total, with copper a distant second.

New Gold has record year

New Gold had their best year in 2010, with increased production and declining costs resulting in record earnings and cash flow, the B.C.-based company said on Friday. Consolidated revenue for the year was $530 million compared to $324 million in 2009, which the company attributed to higher production rates and elevated gold prices. Earnings from mine operations jumped 129% to USD$203 million, compared to $89 million in the previous year.

Fresnillo CEO says 2010 best year in company's history

The combination of increased production, strong cost control and metal prices made 2010 the best year in Fresnillo's history, says CEO Jamie Lomelin.

Endeavour Silver Expands Indicated and Inferred Silver-Gold-Zinc-Lead Resources at the Parral Project in Chihuahua State, Mexico

Endeavour Silver Corp. (TSX:EDR)(NYSE Amex:EXK)(DBFrankfurt:EJD) released today an NI 43-101 resource estimate for its Parral Project located adjacent to the city of Hidalgo de Parral in Chihuahua State, Mexico. The indicated and inferred resources were […]

Despite Mexico's silver output growth, Peru still #1 in silver mining:Mining Ministry

Peru's Ministry of Energy and Mines says Peru ranks third in global mining exploration investment, behind Canada and Australia.

Production up and costs down at New Gold

New Gold was up 2.20 percent on the TSE on Wednesday morning after announcing record production and lower cash costs. The mid-sized miner, with properties in the United States, Mexico, Australia, Canada and Chile, said […]

Mexico’s newest emerging silver resource

If you believe in the adage ‘mines are made, not discovered’ then the time has come to turn your attention to Kootenay Gold Inc. TSX.V – KTN.

Xtierra Inc. one of TSX Venture’s best kept secrets

Xtierra (TSX.V:XAG) has to rank among the TSX Venture’s best kept secrets. With the advanced Bilboa silver-zinc-lead project in Zacatecas, Mexico in feasibility with a 140 million ounce silver equivalent resource, and trading at a market cap of $14 million, the disparity between the reality and the should-be makes this a nearly too-good-to-be-true story.

Alamos Gold’s Mulatos mine in Mexico posts 5% Q4 production fall

With Q4 production of 45,800 ounces at its Mulatos mine brought annual gold production down well below expectations expressed earlier in the year. CEO says year was ‘challenging' for Mulatos.

Sean Rakhimov: Silver Going Mainstream in 2011

Never mind the correction in the price of silver, says Silver Strategies Editor Sean Rakhimov; better things are ahead. "It may be volatile; it may be steep; but it should be short-lived," he says, adding that he expects silver to rise well above its 2010 high at some point in 2011. Some of that price support could come from governments entering the silver market. Find out all the reasons for this and read about some of Sean's favorite silver plays in this exclusive interview with The Gold Report.

Cheaper desalination options and cheap power can help mines that are short of water

A number of high profile desalination plants have been built by mines, for example in Chile. One of the main deterrents to this option is the high power cost involved. This may be overcome using […]

Sitting in a Pile of Gold

SECTION: THE HUMAN FACE OF MINING Mario Ayub, Chair of Pan American Goldfields As a young mining engineer, almost thirty years ago, Mario Ayub never dreamed of the gold resources that would eventually be extracted […]

Economic Pressures Caused Worst Decline in Exploration Budget of the Last Two Decades

A report released by the Metals Economics Group (MEG) has painted a grim picture for the nonferrous exploration industry. From a record budget high in 2008 of about US $13 billion, the sector has fallen […]

Widows of Pasta de Conchos Mexico mining disaster sue in U.S. District Court

Four years ago today, 65 Mexican miners perished at the Pasta de Conchos coal mine in a powerful methane gas explosion. Three of their widows have sued Grupo Mexico claiming negligence.

Strong international turnout expected for MINExpo

MINExpo International 2008, the world’s largest mining equipment and technology exposition, is just two months away and international vendors are working with the US Department of Commerce’s (DOC) International Buyer Program (IBP) to facilitate a robust international component of the show. To date 15 countries are using the IBP to organise delegations to attend the [...]

New Mexico coal mine starts feeding TEP plant

Peabody Energy says it has started shipping coal from its new El Segundo mine in northwestern New Mexico.

Caterpillar Announces Acquisition of Leading Brazilian Locomotive

Contact: Jim Dugan Corporate Public Affairs (309) 494-4100 [email protected] MGE Equipamentos & Serviços Ferroviários Ltda. will become part of Caterpillar's Progress Rail Services Division PEORIA, IL, – Caterpillar Inc. (NYSE: CAT), has reached an agreement […]

Southern Copper to invest $934 million in Peru mine

The corporation, a leading global producer of copper that operates in Peru and Mexico, is planning to invest $934 million in Tia Maria, a copper reserve located in Cocachacra - a district in the southern ...

Mexico Miners' Union May Take Strike Vote This Week / Judge says German Larrea "You have one week"

Mexico's biggest mining union may vote this week on whether to hold more strikes if the Labor Ministry doesn't officially recognize its leader's re-election. "It is an irresponsible provocation," Napoleon …more at topix

Santa Fe Gold Agrees to Purchase Processing Equipment and Real Property for Summit Silver-Gold Project

ALBUQUERQUE, NM–(Marketwire – June 3, 2008) – Santa Fe Gold Corp (OTCBB: SFEG), a U.S.-based mining and exploration enterprise focused on gold, silver, copper and industrial minerals, today announced that it had entered into a […]

SILVER MINING – 400-year-old silver mine reopens

MEXICO - GREAT PANTHER RESOURCES of Vancouver recently celebrated the reopening of the famous Guanajuato silver min... [Full Story]

Robot maps Mexican silver mine

Using a unique laser scanning robot 3D Laser Mapping has successfully completed a project to create a 3D map of the San Jose silver mine in Mexico. The survey, commissioned by Arian Silver Corp, which […]

Robot maps Mexican silver mine

Using a unique laser scanning robot 3D Laser Mapping has successfully completed a project to create a 3D map of the San Jose silver mine in Mexico. The survey, commissioned by Arian Silver Corp, which […]

New Steelworkers' Website Sets Record Straight on Grupo Mexico

The United Steelworkers has launched a new website to shine the spotlight on the business practices of Grupo Mexico, a Mexican conglomerate that owns numerous businesses in the Western Hemisphere….more at topix.com