Mexico Mining Review, in partnership with the Canadian Chamber of Commerce in Mexico (CANCHAM), hosted an exclusive cocktail for mining clients on Wednesday, April 26 at IoS Offices in Torre Reforma.
The event was attended by high level guests, among them operators such as Jose Antonio Berlanga, Director General of Reyna Mining and CANCHAM’s recently […]Read more... →
Fresnillo plc, the world’s leading silver producer, announced production results for 1Q17 Wednesday, confirming total silver production of 13.5Moz including Silverstream for the first three months of the year. This represents a 10.7 percent rise from the same period in 2016, thanks mainly to the ramp up at the San Julian project in Chihuahua.
“I […]Read more... →
Mexico and Latin America
Toronto-based Primero Mining finally resolved the union issue that had caused its flagship San Dimas operation in Durango to be closed since February. The mine reopened on April 18.
The strike of Peruvian workers at Read more... →
The US Federal Reserve raised benchmark interest rates for only the third time in the past decade Wednesday, but revealed a cautious outlook for 2017 that caused gold prices to shoot up more than 2 percent to US$1,220/oz.
Federal Reserve Chairman Janet Yellen confirmed the US Central Bank would be raising its federal funds rate by […]Read more... →
IMPACT Silver’s net losses increased 35 percent to CA$1.9 million in 2016 from CA$1.4 million in 2015 as a result of an increase in general and administrative expenses due to stock options exercised by shareholders, the company announced in its annual report on Wednesday.
Mexico activities generated a net income of CA$48,840 in 2016, which […]Read more... →
Net earnings for New Gold (TSX: NGD) surged in 2016, reaching US$2.7 million from a loss of US$201.4 million in the 2015 period due to higher gold and silver prices and higher copper sales volumes. This was offset by operating troubles at the company’s Rainy River concession in Ontario, Canada.
Revenues dropped to US$683.8 million, […]Read more... →
Gold mining giant Agnico Eagle (NYSE:AEM, TSX:AEM) enjoyed a solid 2016 in terms of production, revealing full-year output of 1.6 million gold ounces. The Toronto-based company also increased gold reserves by 5 percent to 19.9 million ounces, and revealed plans to increase that figure to 2 million by 2020 after the Amaruq and Meliadine projects […]Read more... →
Capstone Mining recorded a net loss of US$197.4 million for 2016, an improvement on the net loss of US$251.5 million it reported for 2015. This was caused by a loss on commodity derivatives and the disposal of equipment and mineral property interests among other factors. Revenue additionally increased 26 percent, to US$529.4 million in 2016 […]Read more... →