Mexico and Central America
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Alamos reports record operating cash flows, ups dividend by 25%
Gold miner Alamos Gold (TSX, NYSE: AGI) has announced record cash flow from operations, both for the fourth quarter and full year, with its 2020 financial results release. Production of 426,800 gold oz. for the year (120,400 oz. in the…
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Capstone reports 2020 operations beat with strong Q4
Copper-focused miner Capstone Mining (TSX: CS) beat its production and costs guidance for 2020, driven by strong fourth-quarter output at both the Pinto Valley open pit mine in Arizona and at the Cozamin underground mine in Mexico. With a total…
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GoGold drills 70.5 metres of 115 g/t silver-equivalent at Los Ricos North in Mexico
Near-surface drilling at GoGold Resources’ (TSX: GGD) Los Ricos North project in Jalisco state, Mexico, has hit high silver grades and returned wide intervals of mineralization. The company has released assays for 12 diamond drill holes completed around the El…
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SMT Scharf Canada expands into Mexico
SMT Scharf Canada, a subsidiary of the SMT Scharf Group, has entered an exclusive distribution partnership with Parts Service Supply in Mexico. The Scharf Group views the mining industry in Mexico as an excellent fit for the group’s rubber-tired product…
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Newmont updates industry-leading reserve portfolio
Gold miner Newmont has reported its 2020 year-end reserve and resource update, outlining a total of 94.2 million oz. of attributable gold reserves — the largest in the industry. The release also notes that over 90% of this reserve inventory…
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Bacanora Lithium begins work at Mexico project
Exploration and development company Bacanora Lithium (LON:BCN) said on Wednesday it had begun initial site activities at flagship Sonora lithium project in Mexico. The company is developing the mine with strategic partner Ganfeng Lithium, which recently increased its stake in the Mexican…
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Growing Equinox Gold on track towards 1M oz by 2023
Over the next three years, Equinox Gold (TSX, NYSE: EQX) expects to continue with its trend of growing gold output, reaching 1 million oz. in annual production by 2023. The gold miner has provided 2021 guidance, with 600,000 to 665,000…
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SilverCrest releases high-return feasibility for Las Chispas, gives construction go-ahead
Five years after drilling the initial hole at its Las Chispas silver-gold project in Sonora, Mexico, SilverCrest Metals has released a high-margin feasibility for the project. With the feasibility release, SilverCrest’s board has formally approved construction of the 1,250 t/d…
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Santacruz Silver reports record production at Mexico mines
Santacruz Silver Mining reported that silver equivalent consolidated annual production at its Zimapan mine and Rosario project in Mexico increased by 30% in 2020 compared to the previous year and reached 3,655,320 silver-equivalent oz., including 1.2 million oz. of silver,…
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Endeavour Silver expects 2021 production to remain steady
This year, silver and gold producer Endeavour Silver expects its three underground mines in Mexico to produce 3.6 to 4.3 million oz. of silver and 31,000 to 35,500 gold oz. (6.1 to 7.1 million oz. of silver-equivalent). These numbers are…
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Gatos Silver puts Mexican mine into production, then lists on TSX/NYSE
It’s unusual for a privately held company to put a mine into production before it becomes a publicly listed company. “It’s incredibly rare – by and large it’s virtually impossible unless you find other sources of funding,” says Steve Orr,…
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Argonaut closes out ‘spectacular’ year with record quarter
In the last quarter of 2020, Argonaut Gold posted record gold production of 56,986 gold-equivalent oz., which is a 16% increase over the 48,951 gold-equivalent oz. produced in the third quarter. The fourth-quarter gold output brings the company’s 2020 gold-equivalent…
