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... →
The week was dominated by a flurry of 1Q17 reports from miners operating in Mexico. Here are the highlights:
Fresnillo announced strong 1Q17 results, with silver production rising over 10 percent during the first quarter, while gold miner Agnico Eagle managed to triple profit during the same period. Vancouver-based New Gold […]Read more... →
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... →