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Union urges Canadian government to stand up for Mexican mineworkers’ rights

By: Anine Kilian     21st November 2017 The murders of two striking mineworkers at a Canadian-owned mine in Mexico last week underscores the widespread repression of basic labour rights in Mexico – even when the employer is Canadian, according to the trade union United Steelworkers (USW). The USW was referring to an armed group who, on... 

Operations at Santacruz’s Veta Grande Mill temporarily suspended

By: Samantha Herbst     20th November 2017 The Mexican Environmental Protection Agency (Profepa) has issued a notice temporarily suspending operations at TSX-V-listed Santacruz Silver Mining’s Veta Grande Mill until appropriate documentation has been filed with regulatory bodies confirming that Santacruz’s Mexican operating subsidiary,... 

Consolidated Zinc rethinks strategy for Mexican project

By: Esmarie Swanepoel     14th November 2017 ASX-listed Consolidated Zinc has revealed plans to more than double planned production at its Plomosas zinc mine, in Mexico, following increasingly positive exploration results. Rather than starting small-scale mining as an initial step in 2018, Consolidated Zinc said on Tuesday that it was... 

Leagold reports maiden profit

By: Henry Lazenby     14th November 2017 Gold producer Leagold Mining has reported its first ever net profit since it took control of the Los Filos mine, in Mexico, in April. The Vancouver-headquartered company reported net earnings of $317 000, or nil per share, compared with the $7.63-million net loss, $0.06 a share, it suffered in... 

Wheaton Precious Metals posts 20% dip in Q3 profit

By: Henry Lazenby     10th November 2017 The world’s largest precious metals streaming firm Wheaton Precious Metals (WPM) has reported a 20% year-on-year drop in profit, as lower attributable production and lower metals prices weighed on the bottom line. For the three months ended September, the Vancouver-based company recorded net... 

Bacanora granted mining licence for German lithium project

By: Mariaan Webb     8th November 2017 Aim- and TSX-V-listed Bacanora Minerals has been awarded a 30-year mining licence for its 50%-owned Zinnwald lithium project in southern Saxony, Germany, where a feasibility study is under way. The feasibility study is expected to be completed in mid-2019 and will seek to demonstrate the... 

NAFTA talks causing business uncertainty – Rio Tinto executive

By: Reuters     2nd November 2017 The current state of talks to update the NAFTA trade pact is creating uncertainty among businesses and could hurt investments and growth, Rio Tinto Aluminium chief executive Alf Barrios said on Wednesday. Canada and Mexico say several U.S. proposals for modernizing the North American Free Trade... 

Americas Silver drives up output as costs fall

By: Henry Lazenby     2nd November 2017 Canadian miner Americas Silver has reported strong production results for the three months ended September, as it ramps up production at the San Rafael deposit, in Mexico, for processing through the El Cajón mill. The Toronto-based company reported on Tuesday that consolidated silver output for... 

Minera Alamos makes good on project-acquisition maxim with new Mexican option accord

By: Henry Lazenby     27th October 2017 TSX-V-listed explorer and project developer Minera Alamos has entered into an option agreement with fellow Canadian miner Vista Gold, to acquire all of the issued shares of Vista subsidiary Minera Gold Stake, which owns the Guadalupe de Los Reyes gold project, in Mexico. Minera Alamos believes... 

Plomosas restart proves possible for Consolidated

By: Esmarie Swanepoel     27th October 2017 A scoping study into the restart of operations at the Plomosas base metals mine, in Mexico, has proved positive for ASX-listed Consolidated Zinc. The study focused on mining the Tres Amigos resource using existing infrastructure, while optimising and drilling to expand the remaining resource to... 

Savannah Resources seeks pole position in European lithium race

By: Reuters     27th October 2017 Miner Savannah Resources aims to begin mining lithium in Portugal at the end of 2019, making it the first big producer of the battery mineral in Europe, where rival projects are springing up across the continent. So far, lithium production has been led by Latin America, Australia and China, and... 

Alio hits strong mineralisation at Ana Paula

By: Henry Lazenby     24th October 2017 Precious metals-focused explorer and producer Alio Gold (formerly Timmins Gold) has intersected 10.8 g/t gold over 99.4 m at its Ana Paula development project, in Mexico, the company reported on Tuesday. The Vancouver-headquartered company reported the latest results from an ongoing 2 000 m drill... 

Sierra shuffles Mexican team in bid to improve ops performance

By: Henry Lazenby     24th October 2017 Growth-focused precious metals producer Sierra Metals has revealed a significant shakeup of its corporate team in Mexico, with a view to improve operations at the Bolivar copper and Cusi silver mines, following disappointing third-quarter production results as a result of lower recoveries. The... 

Argonaut declares commercial production at San Agustin

By: Henry Lazenby     24th October 2017 Canadian miner Argonaut Gold has declared commercial production at its $42.6-million San Agustin project, in Mexico, effective from October 1, the company announced on Tuesday. The Toronto-headquartered company reported that it has reached the milestone two weeks after pouring first gold. 

Garibaldi closes first tranche of $10m private placement

By: Anine Kilian     23rd October 2017 TSX-V-listed Garibaldi on Monday confirmed the closing of the first tranche of its recently announced $10-million private placement for gross proceeds of $8-million.  The junior exploration company issued 2.54-million units at $3.15 apiece, with each unit comprising one common share and one full... 

Southern Copper says Q3 profit doubled, expects Tia Maria permit

By: Reuters     23rd October 2017 Southern Copper Corp said on Friday that its net profit doubled to $401.8 million in the third quarter from the same period a year earlier as sales surged on higher copper prices. The Arizona-based company, controlled by Grupo Mexico , added that it expects Peru's government to issue a... 

Bacanora secures environmental nod for Mexico lithium project

By: Mariaan Webb     20th October 2017 Calgary-headquartered Bacanora Minerals has secured the final key requirement for its flagship lithium project, announcing on Friday that Mexico’s Environmental Ministry had approved a 35 000 t/y lithium carbonate operation at Sonora. The approval is a major milestone for Bacanora, which is... 

New Gold achieves first commercial production at Rainy River

By: Samantha Herbst     20th October 2017 TSX- and NYSE-listed intermediate gold miner New Gold has achieved first commercial production at its Ontario-based Rainy River mine, about two weeks ahead of schedule. "Achieving commercial production is a major milestone for New Gold and the Rainy River team. With the hard work, dedication and... 

Teck concludes acquisition of Goldcorp’s 21% minority share in San Nicolas

By: Samantha Herbst     19th October 2017 TSX- and NYSE-listed senior gold producer Goldcorp has completed the $50-million sale of its 21% minority interest in the San Nicolas copper-zinc project, located in Zacatecas, Mexico to Canadian diversified miner Teck Resources. The closing follows receipt of Mexican anti-trust approval and the... 

Leagold lifts Bermejal Underground measured, indicated resources 94%

By: Henry Lazenby     17th October 2017 Gold producer Leagold Mining has updated the compliant indicated and measured Bermejal Underground resource by 94% to 1.97-million ounces, the company reported on Monday. The measured and indicated Bermejal Underground resource, located at the company’s flagship Los Filos operation, in Mexico,... 

Alamos reports record Q3 output at 107 000 oz

By: Henry Lazenby     13th October 2017 Miner Alamos Gold has hit record third-quarter production of 107 000 oz of gold, 8% higher when compared with the same quarter ended September 30, 2016. The record performance was mainly owing to the best-yet production of 55 800 oz from the Young-Davidson, mine, in Ontario, with 36 300 oz... 

Leagold continues to lift Los Filos production

By: Henry Lazenby     11th October 2017 Gold miner Leagold Mining has produced 47 766 oz of gold at its flagship Los Filos mine, in Mexico, during the third quarter ended September 30 – a 4% increase over the prior quarter. The Vancouver-based company announced on Wednesday that the mine had produced 137 749 oz of gold during the nine... 

Gold, zinc explorers spearhead reversal of five-year global exploration downturn

By: Samantha Herbst     10th October 2017 Boosted by increased exploration efforts in the gold and zinc sectors, the global nonferrous exploration budget is up in 2017 – for the first time since 2012 – by more than 14%, year-on-year, to $7.95-billion, according to new analysis by S&P Global Market Intelligence. The twenty-eighth edition... 

BHP gearing up to start drilling for oil in Mexico's deep waters

By: Bloomberg     3rd October 2017 BHP Billiton is getting closer to drilling its first oil wells in Mexico’s deep waters. The Australian mining giant, which last year won rights to partner with state-owned Pemex in the Gulf of Mexico’s Trion field, hopes to have a drilling rig contracted this year and to spud two wells in the... 

Argonaut adds resources at its two operating assets

By: Henry Lazenby     23rd September 2017 On the heels of pouring first gold at its brand-new San Agustin project earlier this week, Mexico-focused miner Argonaut Gold has also increased the pit-constrained resources at its two operating mines, the company has advised. At El Castillo, the Toronto-based miner added about 328 000 oz of... 

Alamos expands revolver by $250m

By: Henry Lazenby     22nd September 2017 TSX- and NYSE-listed miner Alamos Gold has reached agreement with its syndicate of lenders to increase its undrawn existing $150-million revolving credit facility by $250-million to $400-million on more favourable terms the company announced on Thursday. Based in Canada’s financial capital... 

Primero’s fall from grace accelerates on San Dimas ramp-up delay

By: Henry Lazenby     22nd September 2017 Precious metals producer Primero Mining’s proverbial fall from grace is near complete with the company once more trading in penny stock territory since early September – a level last seen in 2009 and a far cry from its peak at C$8.89 a share in July 2014. The Toronto-based company’s NYSE- and... 

Leagold ‘turning a corner’ at Los Filos as Bermejal upside beckons 

By: Henry Lazenby     19th September 2017 Gold miner Leagold Mining is making good progress with transforming the 200 000 oz/y-plus Los Filos mine into a strong, long-lived growth platform with which it can pursue other growth opportunities in Latin America. Speaking to Mining Weekly Online in Vancouver (see attached video), president... 

Bullish outlook for Canadian crude, natural gas provides investment opportunities

By: Henry Lazenby     15th September 2017 Two reports issued this week point to a significantly increased global appetite for fossil fuels like oil and gas, presenting an investment opportunity for energy speculators. While renewables are forecast to be the fastest-growing energy source, fossil fuels will continue to be important and... 

Directors up stake in Bacanora as Cadence sells 8.9m shares

By: Mariaan Webb     8th September 2017 UK-based mining investment firm Cadence Minerals has realised profit of £2.7-million on the partial sale of its equity stake in Bacanora Minerals, which is developing the Sonara lithium project in Mexico. Cadence sold 8.90-million shares, representing 42% of its equity stake in Bacanora, for... 

Nokeng mulling two or three more fluorspar mines by 2026 as huge shortage is predicted

By: Mia Breytenbach     8th September 2017 Following the breakthrough of opening the first new mine in Gauteng, South Africa, in the last 12 years, which is being developed by producer SepFluor’s wholly owned Nokeng fluorspar mine, the company aims to become vertically integrated in the fluorspar value chain in future. Fluorite ore is... 

Benefits of coarse particle flotation tech

     8th September 2017 Coarse particle flotation (CPF) technology can increase mill throughput by as much as 15% to 20% while reducing energy and media consumption, and provides a coarse tailings stream, without a loss in mineral recovery, says Canada-headquartered global flotation technology provider Eriez Flotation.  

Nokeng mulling two or three more fluorspar mines by 2026 as huge shortage is predicted

By: Mia Breytenbach     8th September 2017 Following the breakthrough of opening the first new mine in Gauteng, South Africa, in the last 12 years, which is being developed by producer SepFluor’s wholly owned Nokeng fluorspar mine, the company aims to become vertically integrated in the fluorspar value chain in future. Fluorite ore is... 

Alamos pours first gold at La Yaqui; to reduce the cost profile of Mulatos district

By: Henry Lazenby     7th September 2017 Dual-listed Canadian gold producer Alamos Gold has substantially completed construction of the first phase of the La Yaqui mine, near its cornerstone Mulatos mine, in Mexico, the Toronto-based company said on Thursday. Gold production at the satellite deposit has started and is expected to... 

Weir Minerals expands its unique service network to be even closer to customers around world

     7th September 2017 With changing market conditions and improvement expected over the next two years, Weir Minerals is positioning itself even closer to its customers. The company has announced its ambitious growth plans, building upon its leading 130 service centres strategically positioned across the globe.... 

Consolidated Zinc ups Mexican resource

By: Esmarie Swanepoel     4th September 2017 unior Consolidated Zinc has reported a 70% increase in the zinc resource at its Plomosas zinc/lead/silver project, in Mexico. The project is estimated to contain a resource of some 968 000 t, grading 15.9% zinc and lead for 154 000 t of contained metal. 

McEwen, Primero formalise Black Fox acquisition accord

By: Henry Lazenby     29th August 2017 Gold producer McEwen Mining has signed a binding definitive agreement with Primero Mining to buy the Black Fox Complex, in the historic Timmins mining camp of Ontario, for $35-million, the company announced on Tuesday. In combination with McEwen’s earlier $54-million acquisition of Lexam VG Gold,... 

Hencon Vacuum Technologies

     29th August 2017 Gauteng-based Hencon Vacuum Technologies, a specialist company in the Hencon Group, is one of the leading companies in the design, manufacture, supply and support ... 

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