The US Federal Reserve’s plan to raise interest rates again in 2017 are a danger to gold’s bullion bulls.
Copper futures faced its biggest loss in two weeks as inventories tracked by the London Metal Exchange showed potential for resource shortage.
According to a new report released by private capital tracker Prequin, […]Read more... →
Canada’s largest diversified miner, Teck Resources, acquired Goldcorp’s 21 percent minority interest in the San Nicolás copper-zinc project in Zacatecas for US$50 million.
Chemours, one of the world’s biggest producers of solid sodium cyanide, is investing in a US$150 million mining solutions manufacturing plant in Gomez Palacio, Coahuila, Mexico.
The main mining […]Read more... →
Goldcorp completes its second Mexican divestment in 2017 by selling its Camino Rojo oxide project.
The Governor of Guerrero, Héctor Astudillo, had a meeting with the Minister of Economy, Idelfonso Guajardo to analyze the viability of strategic mining projects in the state.
The mining industry was listed as one of the sectors […]Read more... →
Gold experienced its biggest rally last Wednesday since Brexit due to political instability in the US.
Copper prices are falling as manufacturing drops in China and the US.
USBS Asset Management Americas Inc has holdings in McEwen Mining worth US$221,000.
According to the National Transparency Platform, Sonora is the second most transparent state in Mexico. […]Read more... →
Top Mexican miners, Grupo México, Industrias Peñoles, Fresnillo and Minera Frisco owe almost US$180 million in mining royalties for 2015. According to Mexico’s tax authority (SAT), GMéxico and Fresnillo paid below government estimates while Frisco and Peñoles paid no royalties in 2015.
Alio Gold, formerly Timmins Gold, officially began trading under […]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... →
In 4Q16, Goldcorp reported net earnings of US$101 million, up from the US$4.3 billion net loss it recorded in the fourth quarter of the previous year. The improved position is due to the company’s effort to decentralize its business.
This was effective in “significantly reducing operating costs, selling non-core assets and reinvesting that capital into […]Read more... →
While most industries are frantically trying to predict the many possible outcomes from a Donald Trump presidency in the US, mining companies remain oddly serene in what appears to be the eye of the storm.
A deeper look into the consequences of the Trump Effect is a good reminder to always read […]Read more... →
Weekly News Roundup
Goldcorp announced a US$438 million-dollar deal with Canadian junior Leagold for the sale of its Los Filos gold mine in Guerrero last Thursday.
Interview of the week: Uriel Garcia from Mercuria.
Pan American Silver said that two of its Mexican mines […]Read more... →
The distribution of the mining fund begins with information provided by the Ministry of Economy that helps decide the proportion of resources each state and municipality should receive. Karina Rodríguez, partner at Pizarro-Suárez & Rodríguez Matus Abogados, is concerned about the effect the taxes could have on the development of the mining industry. “The law […]Read more... →