Mexico and Central America
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RANKED: Top 10 lowest cost copper mines
The all-in sustaining cost (AISC) metric has been widely used in the mining industry since 2013 for its comprehensive and transparent look at an operation’s costs. According to data from Miningintelligence, Lundin Mining’s Chapada mine was the clear winner among global copper…
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Minera Alamos working to fast-track Cerro de Oro project in Mexico
After acquiring the Cerro de Oro property in Mexico almost three months ago, Minera Alamos announced this week that it is fast-tracking development activities at the project. In a press release, the Canadian miner said it has already completed an…
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First Majestic Silver on track to meet guidance
In the third quarter, silver miner First Majestic Silver churned out 5.2 million silver-equivalent oz., made up of 3.2 million oz. of silver and 25,771 oz. of gold, from its three underground mines in Mexico. The figures represent a 72%…
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First Majestic plans next steps in Mexico tax dispute
First Majestic Silver (TSX:FR; NYSE: AG) says it is getting ready to appeal a Mexican court decision this week that revoked a key agreement determining how the silver producer was taxed in the country. The federal court’s ruling, yet to be…
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Maverix to acquire preproduction gold royalty portfolio from Newmont
Gold-focused royalty and streaming company Maverix Metals has entered into a binding agreement with Newmont to acquire a portfolio of 11 gold royalties on preproduction assets in the Americas. In exchange for the portfolio, Maverix will issue 12 million common…
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Ridgestone hits shallow gold and copper at Rebeico in Mexico
Ridgestone Mining has released assay results for eight holes completed at the New Year zone and Alaska vein at its 34.6-sq.-km Rebeico gold-copper project, which “suggest a potentially large intrusion-related mineralized system,” according to Ridgestone CEO Jonathan George. The drill…
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Magna tables PFS with ‘base-case’ plan for San Francisco gold mine
Magna Gold has released the results of a preliminary feasibility study (PFS) for its San Francisco mine, acquired earlier this year, in Mexico’s Sonora state. The study suggests a 16,875 t/d heap-leach operation, using existing processing capacity, generating an average…
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Mexican gov’t scraps key mining post in austerity drive
Mining companies operating in Mexico are showing concern, after the country’s government scrapped the mining sub-secretary post, one of the Ministry of Economy units, as part of a broader austerity drive on Tuesday. The move, said local mining groups that…
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SilverCrest acquires past-producing El Picacho silver-gold property in Sonora
SilverCrest Metals has acquired a 100% interest in the 70.6-sq.-km Picacho property, 40 km northeast of its flagship Las Chispas silver-gold development project. To acquire this asset, SilverCrest paid US$1.6 million to American Metal Mining (a private company) and its…
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Orogen Royalties options Mexican gold project to Hochschild
Orogen Royalties has announced its first deal since the formation of the company this month – a US$10.4-million option agreement with Hochschild Mining. The agreement will see Hochschild earn up to 100% of the Sarape gold project in Sonora, Mexico,…
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Mexican gov’t greenlights Orla Mining’s Camino Rojo
Mexico has approved the environmental impact statement (EIS) for Orla Mining’s (TSX: OLA) Camino Rojo oxide gold project in Zacatecas state — clearing the way for mine construction to start. The approval from the Mexican Federal Environmental Department (Semarnat) also satisfies…
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GOLD: Equinox generates 127,016 oz. in Q2, adjusts guidance
VANCOUVER – In the second quarter, producer Equinox Gold generated a total of 127,016 oz. at all-in sustaining costs of US$900 per oz. sold, from six mines in the Americas. Despite the COVID-19 pandemic, Equinox still recorded its highest quarterly…
