R/€ = 15.73 Change: 0.00
R/$ = 13.84 Change: 0.00
Au 1281.42 $/oz Change: -12.44
Pt 794.99 $/oz Change: -8.87


PEA results show La Fortuna as ‘robust base’ for production growth

By: Nadine James     17th August 2018 TSX-listed Minera Alamos on Thursday announced positive preliminary economic assessment (PEA) results for the La Fortuna gold project, in Durango, Mexico. The PEA estimates average contained metal production of around 43 000 oz/y of gold, 220 000 oz/y of silver and 1 000 t/y of copper over a... 

First Majestic to buy distressed Primero, reforms San Dimas silver stream accord

By: Henry Lazenby     12th January 2018 The dismantling of former precious metals producer Primero Mining is nearly complete with the company announcing on Friday that Mexico-focused miner First Majestic Silver will buy the distressed company for $320-million. Under terms of an arrangement agreement between the two companies, all of... 

Strategic partners Minera Alamos, Osisko Gold Royalties asset hunting in LatAm

By: Henry Lazenby     8th July 2017 Empowered by its strategic investment partner Osisko Gold Royalties, Canadian explorer and project developer Minera Alamos is on the hunt for large contiguous mineralised blocks in Mexico and elsewhere in Latin America. “As markets continue to improve in the short term, we are aiming at putting... 

Santacruz looks to sell Gavilanes mine for $3.5m

By: Megan van Wyngaardt     3rd July 2017 TSX-V-listed Santacruz Silver Mining has signed a letter of intent (LoI) to sell its interest in the Gavilanes project in Durango, Mexico to an arm's-length third-party gold and silver producer for $3.5-million, plus value-added tax. Gavilanes is located in the central part of the Sierra Madre... 

Great Panther resumes operations at Topia

By: Henry Lazenby     12th August 2016 TSX-listed silver mining and exploration company Great Panther Silver has restarted operations at its Topia mine, in Durango, Mexico, following a temporary shutdown last week when the GM Javier Ramirez Vargas unexpectedly passed away. The Vancouver-based company said last week that out of respect... 

Avino declares commercial production in Mexico

By: Henry Lazenby     7th June 2016 Junior miner Avino Silver & Gold Mines has declared effective from April 1 commercial production at the Avino 'ET' mine, located on the Avino property in Durango, Mexico. Following a 19-month advancement and test period, the TSX-V-listed had brought online its second, and largest mine on the... 

El Castillo mine, Mexico

By: Sheila Barradas     4th March 2016 A gold mine, located 100 km north of the City of Durango, in the state of Durango, Mexico. 

Illegal blockade of Argonaut’s El Castillo mine ends

By: Henry Lazenby     3rd November 2015 An illegal blockade at TSX-listed Argonaut Gold's El Castillo mine, in Durango, Mexico, has ended after the company and local community leaders struck an accord. Mining activities at the mine stopped on October 21, when a group representing local landowners blocked access to the mine. 

Argonaut’s El Castillo stops mining as locals seek to renegotiate land-use agreement

By: Henry Lazenby     23rd October 2015 Road access to TSX-listed Argonaut Gold's  El Castillo mine, in Durango, Mexico, has been blocked by a group representing local landowners since Wednesday morning, causing all mining activities to stop. Argonaut said on Thursday that the blockade was illegal, advising that the group was seeking... 

Excellon aiming at lower-end of 2015 guidance, owing to optimisation delay

By: Henry Lazenby     23rd October 2015 TORONTO ( – Despite improved output during the three months ended September, high-grade silver miner Excellon Resources is aiming to hit the lower end of its full-year guidance, as its cornerstone Platosa mine, in Mexico, continues to struggle with excessive water inflows. As... 

Primero’s Mexican export licence reinstated, will realise 2015 silver spot sales

By: Henry Lazenby     6th August 2015 TSX- and NYSE-listed Primero Mining's Mexican subsidiary Primero Empresa Minera (PEM) has been reinstated to the Mexican customs registry and the company has started selling all inventoried silver. This included about two-million ounces, of which 1.2-million ounces would be delivered under the... 

Red-letter day for Primero as it awaits reinstatement of Mexican export licence

By: Henry Lazenby     5th August 2015 Precious metals producer Primero Mining has received verbal assurances from the Mexican authorities that its export and import permits will be reinstated at the beginning of this month, pending some additional filings to be submitted by the company. In reporting its second-quarter results, the... 

Mexican export permit bungle could hurt Primero’s 2015 silver sales

By: Henry Lazenby     14th July 2015 The import and export licences of a Mexican subsidiary of precious metals producer Primero Mining were suspended in May by the Mexican customs authorities, resulting in about 880 000 oz of silver not being sold in the three months ended June. Customs authorities had suspended the licences owing... 

Miners report first-quarter output ahead of financials

By: Henry Lazenby     18th April 2015 Several miners reported production results this week ahead of publishing financial results for the three months ended March 31. NYSE- and TSX-listed McEwen Mining reported 23% increased gold output to 24 696 oz and a decline in silver production of 10% to 655 339 oz in the period when compared... 

Contractor dies at Great Panther Silver’s Topia mine, Mexico

By: Henry Lazenby     3rd November 2014 A contract miner died on Saturday when struck by falling rock that became dislodged while he was working in a raise at TSX- and NYSE-listed Great Panther Silver’s Hormiguera underground mine, one of ten independent mines comprising the Topia mine district, in Durango state, Mexico. All... 

Fresnillo to proceed with second investment option at Coneto, Mexico

By: Henry Lazenby     21st August 2014 Mexican precious metals producer Fresnillo will proceed directly with the second investment option at the Coneto gold/silver project, in Durango, Mexico, after it has met the exploration expenditures of the first investment option. Under a February 2012 agreement between Fresnillo and explorer... 

SilverCrest to double Santa Elena output by 2014

By: Megan van Wyngaardt     6th July 2012 Mexico-focused precious metals miner SilverCrest Mines on Friday said that its Santa Elena mine expansion remained on schedule, with the mine targeting a 100% increase in metal production starting in 2014. The three-year expansion plan would focus on the installation of a counter current... 


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