Gold sailed into 2018 on the coattails of a 12 percent yearly price increase on the previous year, the strongest gain since 2010. But softer demand and a stronger dollar helped diminish the yellow metal’s appeal, keeping prices in a tight band through the first nine months of the year.
After moving in a […]Read more... →
There was good and bad news this week for mining as gold exports increased in 1H18 compared to 1H17 but silver exports floundered. But Mexico took first place in 2017 in terms of global zinc production, with national operators Industrias Peñoles, Grupo México and Fresnillo, and international Goldcorp contributing the lion’s share. In anticipation of […]Read more... →
Silver prices faltered this year, despite high demand for industrial applications and dwindling supply. In 2017, global silver mine production declined by 4.1 percent to a total of 852.1 million ounces. According to The Silver Institute, the drop in mine production was offset mainly by Mexico, as Fresnillo retains its crown as the world’s No. […]Read more... →
Imagine a property with such mineral potential as to have its own mining company created. At the heart of Zacatecas’ Fresnillo district, the high-grade Juanicipio property has a significant silver, gold, lead and zinc vein system that meant it was worth the effort of creating Minera Juanicipio. After being discovered by tenured Geologist Peter […]Read more... →
The Mexican mining industry has a new Undersecretary of Mining as AMLO announced the appointment of Francisco Quiroga as Mario Alfono Cantú’s successor. South Africa is already in the third round for its new mining chamber, which will be presented to President Ramaphosa next week.
Mining in Oaxaca is not easy. Not only […]Read more... →
Mining in Oaxaca is not easy. Not only is it not a typical mining jurisdiction, the zoning dictates that thousands of concessions take up the same land that only a few would in Sonora or Chihuahua. The presence of indigenous communities is also a head-scratcher for companies, as cultures must be understood. One operator working […]Read more... →
Copper is likely to continue its rise as the Chinese ban on scrap metal and economic reforms continue to boost demand for the metal. Mexico produced 766,000 tons of copper in 2016, a 28.9 percent increase in comparison to the 593,000 tons that was produced in 2015, thanks mainly to the consolidation of two Grupo […]
by Karen Sujo
It is no wonder that Zacatecas is one of the world’s top silver districts. At its core, Saucito is certainly one of the state’s and Fresnillo’s most important assets, with a mining capacity of 2.6 million t/y and an average ore grade of 261g/t of silver and 1.39g/t of gold.
Currently under expansion, […]Read more... →
Mario Alfonso Cantú was the pioneer of the newly-created Undersecretariat, but as December 1 approaches, the clock is ticking for his maiden term. His successor was just announced as ArcelorMittal alum Francisco Quiroga.
Francisco Quiroga will be the next Undersecretary of Mining, a dependency that is expected to be decentralized and be headquartered in Chihuahua, a traditional mining […]Read more... →