As the Mexican industry is currently revolving around the cancelation of the new airport, there is some hope that the mining sector will keep the Mexican economy afloat. Hurricane Willa impacted some activity in the Pacific Coast, but there continues to be many opportunities in the Mexican terrain. Check out the interview of the week with Country Manager of Multisistemas de Seguridad Industrial (GMSI), Mario Salomón.
There is hope in Mexico’s mining industry. It continues to generate over 373,000 direct jobs and 2.3 million indirect jobs across its value chain.
Hurricane Willa hit Mexico’s Pacific coast last week and Marlin Gold Mining’s La Trinidad gold mine located in Sinaloa has halted operations due to significant water accumulation.
Pan American Silver has to pay US$2 million in interest in Mexico’s Sandra Escobar Project in Durango.
Mining production drops 7.7 percent in August due to Peñasquito’s drop in production.
Kootenay Silver has announced the details of its recently-completed drill program in its La Cigarra project in Parral Silver District in Chihuahua, Mexico.
Endeavour Silver reported a 647 percent net earnings loss of US$5.5 million in 3Q18 compared to US$1 million earned in 3Q17. This setback was mainly attributed to higher depletion charges and depreciation.
Fluor mining is using innovation to unleash its potential in the mining business.
Canadian miners join forces in Brazilian copper project. Lara Exploration and Capstone Mining signed a letter of intent to earn up to 70 percent interest on Lara’s Planalto Copper Project.