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... →
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... →
Sierra Metals’ net income jumped 129 percent in 2016, reaching US$17.2 million compared to US$7.5 million in 2015, the company announced in its report on Wednesday. This was a result of increased revenues generated by operational improvements and record production levels.
Revenues increased 21 percent in 2016 to US$97.3 million compared to US$80.1 in 2015. […]Read more... →
Net income for Pan American Silver (TSX: PAAS) shot up in 2016, reaching US$101.8 million from a net loss of US$231.6 million for the corresponding 2015 period. This was a result of increased revenue, lower costs and the sale of its shares in the Shalipayco project in Peru.
Revenues for the year reached US$774.8 […]Read more... →
Cummins’ net income remained stable in 2016, dropping only slightly to US$1.394 billion from US$1.399 billion in 2015, according to figures released by the company in its annual report. This was due to the negative impact on revenues from a strong US dollar, which in turn was mitigated by increased revenues in China.
Net sales […]Read more... →
Coeur Mining posted a staggering jump in net income for 2016 to US$55.4 million, up from a loss of US$367 million in 2015. This was a result of the operator’s continued efforts to streamline operations, reduce administrative costs, reduce debt and divest non-key assets.
“2016 marked a key inflection point for Coeur,” said Read more... →
Emerson’s (NYSE: EMR) net earnings dropped 10.8 percent for 1Q17 ending Dec. 31, 2016 to US$315 million from US$353 million in 1Q16, the company announced on Tuesday.
Net sales decreased slightly, by 3 percent to US$3.2 billion in 1Q17 from US$3.3 billion.
According to Emerson Chairman and CEO David Farr, expectations for the quarter were […]Read more... →
Exploration in Mexico is still attractive but the government must take care to ensure it remains competitive, panelists at Mexico Mining Forum 2017 said on Wednesday in Mexico City, warning that a lack of exploration activity threatened the sustainability of the mining sector.
“Exploration is in crisis,” said Charlie Ronkos, Executive Vice President for […]
The tight markets of recent years will benefit Mexico’s mining sector because it forced miners to become more productive, more efficient and to filter projects to leave only the most promising, Mario Alfonso Cantú, Undersecretary of Mining at the Ministry of Economy, said at the start of the Mexico Mining Forum 2017 in Mexico City […]Read more... →