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 Southern Copper Corporation, a subsidiary of copper giant Grupo Mexico, entered its second week.
Mexico’s largest gold miner Goldcorp began a friendly takeover of Chile-focused Exeter Resource in a deal worth US$247 million.
Junior Americas Silver Corporation remains on track to transition into low-cost producer.
The world’s largest iron-ore and copper companies traded in the red as base metals continued their iffy start to the year.
Analysts see opportunity for emerging minerals like lithium, graphite and cobalt.
Gold continued to thrive on strong Chinese economic data, finishing on a six-month high during the week. But Macron’s majority in the first round of the French elections meant markets stabilized and gold dipped 1.5 percent on Monday.
While silver remained flat, analysts predict the grey metal is on the verge of a bull run.