Mexico denies enviro permit for Argonaut’s San Antonio gold project
VANCOUVER (miningweekly.com) – The TSX-listed stock of Argonaut Gold on Friday fell by more than a quarter after the Mexican environmental authority (SEMARNAT) denied the environmental impact statement (Manifiesto de Impacto Ambiental, or MIA) application for its San Antonio gold project, in Baja California Sur state.
The SEMARNAT cited the reason for not approving the MIA as requiring more information about the construction, operation and closure plans for the project, as well as further information regarding the impact on the local aquifer.
The company said it is evaluating alternatives including legal options, the possible resubmittal of a revised MIA and continuing dialogue.
Argonaut had in July won a federal court case appealing the 2012 denial of the San Antonio MIA owing to municipal zoning incompatibility issues over a portion of the site.
Argonaut stock fell by as much as 26% on Friday to C$1.48 apiece, having risen 80% since the start of the year to a Thursday closing price of C$2.01.
Comments
The
content
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation