Mexican legislators call for reform of the Mining Trust fund. The new bill expects to distribute 70 percent of the fund’s resources in the municipalities surrounding mining activity, 28 percent to states and 2 percent to the federal government.
Oaxaca to receive US$87.5 million of Canadian investment in the mining industry, announced […]Read more... →
In an exclusive preview of 2018’s edition, Mexico Mining Review asked Christopher Warwick, Mexico Country Manager of Pan American Silver, about the pros and cons of mining in Mexico.
Q: Considering Pan American Silver’s operations throughout Latin America, what are the pros and cons of mining in Mexico?
A: The attractiveness of future […]Read more... →
In an exclusive preview of 2018’s edition, Mexico Mining Review asked Felipe Rivera, Industry Business and Process Automation Hub Leader for Mexico and Central America of Schneider Electric, about the opportunities of the Energy Reform and the mining industry in Mexico. Schneider Electric is a global leader in electricity management, helping clients optimize energy […]Read more... →
McEwen Mining’s operations in Mexico suffered as the consolidated production in 2017 lowered to 46,694 gold equivalent ounces in FY17 from 55,265 gold equivalent ounces in FY16. The 7 percent shortfall is attributed to a mechanical crusher failure last July and an increase in exploration spending in accordance to the operator’s growth plans.
The Canadian operator […]Read more... →
The complex mining framework and the number of different authorities regulating the industry has investment in the sector shrinking. CAMIMEX reports a 19 percent investment drop since 2016.
Endeavour Silver, Coeur Mining and Hecla Mining report rising grade in Mexican properties, mainly thanks to an increase in exploration budgets.Read more... →
Agnico Eagle reported a net income of US$35.1 million in 4Q17, a 44 percent drop from the US$62.7 million it reported in 4Q16. According to the company, this was caused by non-cash foreign currency translation losses of US$5.5 million, “mark-to-market adjustments” and derivative losses of US$1 million and non-recurring losses of US$6.8 million. On […]Read more... →
Goldcorp today reported a growth in 4Q17 net earnings, to US$242 million, up from US$101 million in 4Q16. The operating cash flow in relation to the same period the previous year improved from US$239 million to US$511 million in 4Q17. The company’s full-year financial and operational highlights yielded FY17 net earnings of US$658 million at […]Read more... →