This is the fourth project to be drilled under the terms of a second round of strategic investment from Fortuna Silver Mines, announced in early May.
Mexico Mining News
Pan American Silver Corp became the latest company to curtail operations in Mexico due to rising violence and crime.
The United States Steel Corp is re-hiring or recruiting around 500 workers as it readies for production in mid-June at a blast furnace it idled in 2015.
As the year has progressed, the underbrush has gotten thornier, Trump's progress on trade has slowed, and now it has likely stopped altogether.
Megastar Development wants to buy the Rama de Oro project located in the state of Oaxaca.
The approval was the final government agency’s permission the parties required to close the deal.
Los Mineros Union, led by expat in Vancouver Napoleón Gómez Urrutia, had been fighting since November 2017, to be the legally constituted union at the ELG Mine Complex.
The miner is working towards reactivating its Aranzazu and São Francisco gold projects in Mexico and Brazil, respectively.
Some 200 litres of cyanide solution were released into the environment.
Operations, which were temporarily suspended on Sunday, have since resumed, excluding the immediate area of the accident, the copper miner said.
It could take up to 90 days to make determinations.
The world's 10 largest copper mines accounted for 25% global output in 2017 – on average these deposits were discovered 95 YEARS ago.
Brazil, Argentina, Japan and the EU have expressed concerns about the measure.
Trump has also demanded concessions from the European Union and has threatened to hike tariffs on auto imports from Europe.
White House says not just Canada, Mexico could be excluded.
Trump said Canada and Mexico could avoid planned steel and aluminum tariffs if they ceded ground in talks on a new NAFTA trade deal.
Canada, the biggest foreign supplier of steel and aluminum to the United States, quickly pledged to retaliate if necessary.
According to the market research firm, a possible victory by leftist Andrés Manuel López Obrador poses “minimal downside risks to an otherwise strong outlook” for the country's mining industry.
The Mexico-focused precious metals miner expects cost inflation this year to be about 7%, compared with the 6.4% it faced in 2017.
Industrias CH was fined 2.96 million pesos ($159,764) at the end of November for making “prohibited trades” under a law banning simulating price or volume.
The Oreninc Index fell, as a lack of activity saw the metaphorical tumbleweeds rolling down Bay St with the index falling to 22.99 from 34.36 a week ago.
The miner and the current operating union re-established plant access through a road used during construction.
The company's 2017 preliminary gold production of 2.6 million ounces was at the high end of its forecast range.
The Canadian precious metals miner produced 109,947 gold ounces and 3,178,742 silver ounces, last year, roughly in line with full-year guidance of 109,500 ounces of gold and 3,337,000 silver ounces.
With the friendly takeover First Majestic gains Primero’s flagship asset, the San Dimas silver-gold mine, located in the state of Durango.