Mexico and Central America
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GoGold closes $28M offering for Mexican projects
Halifax-based GoGold Silver and Gold (TSX: GGD) has closed a bought deal financing worth $28.8 million to support work at its Los Ricos North and South projects in Jalisco state, Mexico. The original offering was for 10 million common shares…
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UniGold completes PEA on Candelones oxide project
UniGold (TSXV: UGD; US-OTC: UGDIF) has released the results of a preliminary economic assessment of a stand-alone oxide gold project, which it says will provide cash flow as the company continues to expand and evaluate the larger sulphide resource that…
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Fortuna Silver to buy Roxgold in $884M deal
Canada’s Fortuna Silver Mines (NYSE: FSM, TSX: FVI) is buying fellow miner Roxgold (TSX: ROXG) in a cash-and-stock deal valued at about C$1 billion ($884.32 million), as strong gold prices spurs a wave of mergers and acquisitions in the sector. Vancouver-based…
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Almaden case headed to Mexico’s Supreme Court
An appeal of an April 2019 lower court ruling that jeopardized Almaden Minerals‘ (TSX: AMM; NYSE-AM: AAU) Ixtaca gold-silver project in Puebla state – and the validity of Mexico’s mining law – will be heard at Mexico’s Supreme Court. The…
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SilverCrest connects Babicanora veins at Las Chispas
As SilverCrest Metals (TSX: SIL; NYSE: SILV) prepares to put its Las Chispas project in Sonora, Mexico, into production by the second half of 2022, its latest infill and expansion drill results suggest 1.3 km of strike continuity across the…
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Magna Gold ramps up mining at San Francisco in Mexico
After restarting mining and processing at the San Francisco mine in Mexico in the third quarter of 2020, Magna Gold’s (TSXV: MGR) first-quarter operational results show significantly higher gold and silver production compared with last year’s fourth quarter. This year,…
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EY Canada launches centre of excellence for mining and metals
EY Canada is launching a new, virtual centre of excellence aimed at offering mining companies in the Americas access to innovative services and technologies to help them solve the pressing challenges they face. The EY Americas Mining and Metals Centre…
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Prime Mining raising $25M for Los Reyes in Mexico
Prime Mining (TSXV: PRYM) has announced a $25-million bought deal private placement to advance its Los Reyes gold-silver project in Mexico’s Sinaloa state. Desjardins Capital Markets is the sole bookrunner and co-lead underwriter; the syndicate also includes TD Securities. The…
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Torex receives ‘milestone’ permit for Media Luna development
Torex Gold (TSX: TXG) has received approval to start building a South Portal for a second access point to the Media Luna deposit at its producing Morelos property; the permit amendment is required to continue the early works program for…
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Argonaut Gold’s sale of Ana Paula project falls through
Argonaut Gold (TSX: AR) has reported that the sale of its Ana Paula gold project in Mexico, approximately 180 km south of Mexico City, has fallen through as the purchasing company, AP Mining, could not fulfill its financial and certain regulatory…
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McEwen’s Mexico operations suspended due to blockade
McEwen Mining (NYSE: MUX; TSX: MUX) reported on Monday that its El Gallo project in Mexico has been temporarily suspended due to an illegal blockade of the main access to the property by members of nearby communities. According to McEwen,…
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JV Article: Cerro Las Minitas transforms Southern Silver into one of the world’s largest silver developers
Southern Silver Exploration (TSXV: SSV) is sitting on one of the world’s largest undeveloped silver projects, Cerro Las Minitas in Durango, Mexico. The flagship property is now under 100% control of the company since it bought out its partner, Electrum…
