Mexico and Central America
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Great Panther grows Guanajuato complex resources in Mexico
Silver and gold producer Great Panther Mining has updated the resource estimates for the Guanajuato and San Ignacio underground mines within its wholly owned Guanajuato mine complex (GMC) in Mexico. Combined measured and indicated resources increased by 17% to 10.2…
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Sierra looks to expand mines in Peru, Mexico; grows resources
South American-focused miner Sierra Metals has released a preliminary economic assessment (PEA) on an expansion of its Yauricocha polymetallic mine in Peru’s Yauyos province. The early-stage study suggests a throughput increase to 5,500 t/d, up from 3,150 t/d currently –…
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Endeavour Silver expands Terronera holdings in Mexico
Silver miner Endeavour Silver has expanded the size of its Terronera development project in Jalisco State in Mexico. The property now covers 201.3 sq. km, with the addition of the adjacent La Sanguijuela and Cerro Gordo groups of concessions. According…
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Minera Alamos tables initial resource for Cerro de Oro project in Mexico
After acquiring the Cerro de Oro project in August, Minera Alamos has released an initial resource estimate for the 65-sq.-km property in Zacatecas state, Mexico. The resource estimate features 48 million inferred pit-constrained tonnes, grading 0.41 g/t gold, containing 630,000…
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Fresnillo, Mag Silver on track at Juanicipio
Although the processing plant at their Juanicipio mine won’t be completed until next year, partners Fresnillo and Mag Silver were able to declare first production last month, by processing Juanicipio ore at Fresnillo’s nearby facilities. Initial production from the underground…
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Torex Gold posts ‘extraordinary’ Q3
Mexico-focused Torex Gold Resources is the latest gold miner to report surging profits on the back of a strong gold price. For its third quarter, Torex poured 131,790 oz. gold at all-in sustaining costs of US$877 per oz. at its…
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Alamos records record cash flow in Q3, ups dividend by 33%
In the third quarter, gold producer Alamos Gold generated record cash flow of US$76 million, led by strong operating performance across its three operations in Ontario and Mexico. During the reporting period, Alamos generated 117,100 gold oz., and sold 116,035…
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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…
