Argonaut awaits imminent court scheduling over suspension of Mexico mine’s explosives permit

6th June 2018

By: Marleny Arnoldi

Deputy Editor Online


Font size: - +

TSX-listed gold producer Argonaut Gold on Tuesday reported that the Judiciary Court hearing with respect to the company’s explosives permit for its La Colorada mine, in Sonora, Mexico, has been postponed and is awaiting imminent court scheduling.

This follows after the company last month appealed the original Judiciary Court decision to temporarily suspend the explosives permit to the Collegiate Tribunal, which is an arm of the State Supreme Court that is tasked with overseeing the Judiciary Court.

This appeal requests the Collegiate Tribunal to reinstate the explosives permit so that the company can blast material while the judiciary legal process continues.

With free-dig material in the pit and ore stockpiles, the company estimates it has sufficient ore to continue operations until the end of July at its budgeted crushing throughput level of 12 000 t/d. 

Argonaut has thoroughly reviewed its 2018 consolidated production forecast and, under the assumption that the explosives permit is reinstated by August 1, it reiterates its consolidated production guidance of between 165 000 and 180 000 gold-equivalent ounces.

Argonaut continues to believe the legal action brought against the Secretary of National Defense and the Municipality of La Colorada is without merit. 

The company is reassured by the support it has received, including that from members of the local La Colorada and extended Sonora community. Argonaut is taking every possible legal measure to prove its case and to reactivate blasting activities at its La Colorada mine as soon as possible.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online



Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

M and J Mining
M and J Mining

M and J Mining are leading suppliers of physical support systems as used by the underground mining industry. Our selection of products are not...


Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (01/12/2023)
1st December 2023
Photo of Martin Creamer
Jupiter Mines, Copper 360 and DRDGold make headlines
1st December 2023

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
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?







sq:0.166 0.201s - 107pq - 2rq
Subscribe Now