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... →
The countdown has officially begun for PDAC International Convention, Trade Show & Investors 2018, the world’s premier mining investment convention and trade show where over 10,000 exhibitors, 3,800 investors and 24,000 attendees from over 130 countries unite under one roof from March 4 to March 7 at the Metro Toronto Convention Centre.
Read more... →
McEwen Mining reported a consolidated production of 152,329 gold equivalent ounces at a gold:silver ratio of 75:1 in 2017. At El Gallo, the company experienced a production shortfall due to a “serious mechanical crusher failure at the end of July.”
Torex Gold announced the re-start of operations in its El […]Read more... →
First Majestic started the year out with a bang by announcing its US$256 million (CA$320 million) acquisition of Canadian-based precious metal producer, Primero Mining. The definitive arrangement agreement consists of First Majestic acquiring all of Primero’s issued and outstanding common shares, which means the company takes over the operation of the flagship San Dimas […]Read more... →
Millrock Resources plans to raise up to CA$1.6 billion through a non-brokered private placement of up to 6.4 billion units priced at CA$0.25 per unit. Each unit consists of one common share and one share purchase warrant.
Azure Minerals provided an update on its flagship project, Oposura, in the northern […]Read more... →
Geopolitical volatility continues to be a driver for the price of gold as the precious metal hit a six-week high on November 28 of US$1,296/oz thanks to the depreciation of the US dollar. The continuous rise is motivating companies to consider the acquisition of new […]Read more... →
Metal prices are taking a turn for the better and companies are eager to incorporate new projects into their portfolios after several years of cost reductions and drastic cuts on exploration. But the race to attract investment is fierce as the top mining jurisdictions in the world compete with each other to retain […]Read more... →
*Exclusive Preview of Mexico Mining Review 2018. Order your copy here.
Out of some 1,000 prospects, on average only one will become a mine, according to CAMIMEX. Considering the risks and capital involved, mining jurisdictions are competing for investors and companies to guarantee the future of […]Read more... →
Come visit our booth in Guadalajara at the International Mining Convention to receive your copy of our latest publication, Mexico Mining Review 2018!
Digital effectiveness, competitive shareholder returns and cyber risks are among the top 10 business risks facing mining and metals in 2017 and 2018 according to EY. […]Read more... →