Gold prices slide as retail sales encourage the US economy. Copper followed suit, but its prices are expected to climb back, given its cyclical history. On the other hand, silver reached yearly heights. Operations that were already established in Mexico continue to move forward although the federal government keeps sending mixed signals to investors.

Don’t miss our interview of the week with Armando Lucero, Director of Operations, and Jesus Flores, Director of Business Development, at Globexplore Drilling & Analytics.

Drill into the week’s news highlights!

Metals

Silver breaks the US$17 per ounce mark. But gold prices drop as retail sales report brightens up US economy’s prospects.

The copper downturn seems to have hit a low point. Prominent players expect an upcycle to begin soon, for market change is as certain as the setting of the suns.

Mexico

President López Obrador broadcasts no new mining concessions; however, explorers do not fear, as there are still many opportunities in the Mexican market.

Meanwhile, Minera Alamos is set to begin phase 2 drilling at Santana, and one of Mexico’s most important mining union reaches a collective labor agreement with company El Baztan.

 
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