Mexico and Central America
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GOLD: Canadians own half of world’s 10 largest gold mines
The list of the world’s 10 largest gold mines is making the rounds. In 2015 they produced almost 10.6 million oz of the yellow metal or 329.6 tonnes of it (if imaging 330 tonnes of anything is possible). That was…
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GOLD: Marlin begins mining at La Trinidad high grade HS zone
MEXICO – Vancouver’s Marlin Gold Mining has begun mining the high grade HS zone at the La Trinidad open pit and heap leach gold project in Sinaloa state. The addition of cheaper heap leaching to existing open pit production from…
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SILVER: First Majestic scoops up $57.5M for Mexican projects
MEXICO – Vancouver-based First Majestic Silver Corp. has closed a bought deal financing that grossed almost $57.5 million including the over-allotment. The private placement was taken up by a syndicate co-led by Cormark Securities and BMO Capital Markets. First Majestic…
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McEwen picks up more ground in Mexico
McEwen Mining (TSX: MUX; NYSE: MUX) is acquiring claims in Mexico about 10 km from the company’s El Gallo mine in Sinaloa state that it believes have the possibility of extending the life of the gold-silver mining operation, and chairman and…
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SILVER: Endeavour raises $16M for exploration at Terronera project
MEXICO – Endeavour Silver Corp. of Vancouver has completed the sale of 8.02 million shares for net proceeds of US $16.0 million. The funds will be used in part for exploration of the Terronera silver-gold project in Jalisco state. A…
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LEAD-ZINC: Arizona Mining raises $15.6M for Hermosa project
ARIZONA – Arizona Mining of Vancouver has closed financings worth US$15.6 million for its Hermosa zinc-lead-silver project 100 km southeast of Tucson. Osisko Gold Royalties has paid US$10 million for a 1% net smelter royalty and a further $5 million…
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Escobal is Tahoe’s ‘solid foundation,’ CEO says
Tahoe Resources (TSX: THO; NYSE: TAHO) has made a recent foray into the gold industry with a pair of acquisitions, but the asset that has fuelled its rise, and continues to lay the financial foundation for growth, is the world-class Escobal…
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GOLD: Starcore pours first doré bar at Antiplano toll mill
MEXICO – Vancouver-based Starcore International Mines poured the first doré bar at its Antiplano toll mill in Matehuala on Feb. 15. Commercial production was proclaimed with the pouring of the 12.131 kg bar. The mill has state-of-the-art leach facilities that…
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MERGER: Tahoe, Lake Shore propose combination
VANCOUVER and TORONTO – Tahoe Resources and Lake Shore Gold have reached an agreement whereby Tahoe will purchase all of the issued and outstanding Lake Shore shares. Lake Shore shareholders will receive 0.1467 of a Tahoe common share for each…
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GOLD: Goldcorp’s El Sauzal mine is first to be decommissioned under Cyanide Code
MEXICO – The El Sauzal mine belonging to Goldcorp of Vancouver is the first gold mine to be decommissioned under terms of the International Cyanide Management Code. The mine, located in Chihuahua State, Mexico, was nearing the end of its…
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Almaden reveals new strategy at Ixtaca after mill agreement
VANCOUVER — It’s been a busy 12 months for Almaden Minerals (TSX: AMM; NYSE-MKT: AAU) and it wrapped up 2015 by unveiling a freshly signed option agreement for mill infrastructure that could significantly decrease development costs at its Ixtaca epithermal gold-silver deposit 95…
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Capstone Mining goes beyond Canadian border to work in Mexico and U.S.
Owning and working two mines in two countries outside of Canada obviously poses challenges from a logistical perspective, but for Capstone Mining Corporation of Vancouver, its mines in the United States and Mexico are no different than what’s happening at…
