Mexico and Central America
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SILVER-GOLD: Endeavour Silver hits high grades at Bolanitos
MEXICO – Miner Endeavour Silver has announced the discovery of a new area of high-grade mineralization within the Melladito vein at the company’s Bolanitos mine. Of the 14 holes drilled, eight intersected high-grade gold and silver. Drill highlights include 1.5…
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South America Snapshot: Eight companies active in the region
South America’s prospective geology, established mining jurisdictions and well-developed infrastructure encourage companies to explore, develop and operate projects in the region. Below, we provide an overview of eight companies with precious and base metal assets on the continent. Altamira Gold…
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GOLD: Newmont restarts mines as coronavirus restrictions ease
DENVER – With restrictions on mining due to the coronavirus pandemic starting to ease, Newmont is back on track with all but one of its mines – Musselwhite in northern Ontario – slated to resume full operations in the coming…
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The Northern Miner Podcast – episode 186: Newmont ‘well-positioned’ to weather economic storm
This episode features excerpts from Newmont’s May 5, 2020, conference call. Newmont president and CEO Tom Palmer discusses how the company is dealing with the coronavirus and its impact on mining operations. He also explains how the company’s “long-term value…
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GOLD: Falling peso affects Torex’s Q1
TORONTO – A “wild swing” in the Mexican peso weighed on Torex Gold‘s first quarter, despite solid production of 108,537 oz. gold at the company’s El Limon Guajes mining complex in Guerrero state. In a release, Torex president and CEO…
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GOLD-SILVER: Coeur ramps down Palmarejo, withdraws guidance
MEXICO – Coeur Mining announced that the company will halt activities at its Palmarejo gold-silver complex in Chihuahua, in accordance with a government-mandated decree in response to the COVID-19 pandemic. The company also said it is withdrawing its full-year 2020 guidance as…
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GOLD: Alamos posts strong Q1 results, expects to complete Young-Davidson expansion in July
ONTARIO – In the first quarter of the year, Alamos Gold produced 110,800 oz. of gold at all-in sustaining costs (AISC) of US$1,010 per oz. Although the company withdrew its 2020 guidance of 425,000 oz. to 465,000 oz. at AISCs…
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GoGold drill results show ‘significant potential’ at Los Ricos
GoGold Resources (TSX: GGD; US-OTC: GLGDF) has reported assay results from 12 drill holes at its Los Ricos South project in the Mexican state of Jalisco, 100 km northwest of the state’s capital, Guadalajara. The drill highlights include 11 metres of…
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COPPER: First Quantum revises guidance for 2020
With its Cobre Panama mine on care and maintenance since Apr. 7, First Quantum Minerals has reduced its copper guidance for the year by 75,000 tonnes to 755,000-805,000 tonnes, with expected gold production falling by 30,000 oz. to 250,000-270,000 oz.…
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GOLD: Riverside gets new drill permit in Mexico
MEXICO – This week, Vancouver-based Riverside Resources received a new drill permit approval from the Sonora Environmental Agency. In a press release, the Canadian miner said that the permit is aimed at supporting the company’s ongoing exploration and drilling campaign at…
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SilverCrest unveils $75M non-brokered private placement
Less than a month after National Bank Financial said it was terminating a $75 million bought-deal financing deal with SilverCrest Metals (TSX: SIL; NYSE-AM: SLV) due to the COVID-19 pandemic, the mining company says it will raise the same amount of money…
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Alamos Gold confirms robbery at Mulatos mine
Management at Alamos Gold’s (TSX: AGI; NYSE: AGI) headquarters in Toronto have confirmed that the company’s wholly owned Mulatos gold mine in Mexico was robbed last week. A group of five heavily-armed robbers made off with an undisclosed amount of gold…
