Battling Mexico unions have stalled Excellon mine, Chairman says
Excellon Executive Chairman says a blockade outside the La Platosa mine has more to do with union issues then a water treatment plant.
Excellon Executive Chairman says a blockade outside the La Platosa mine has more to do with union issues then a water treatment plant.
Riverside Resources Inc. is pleased to announce that Cliffs Natural Resources Exploration Inc., a wholly-owned subsidiary of Cliffs Natural Resources Inc., has extended the generative phase of the Cliffs-Riverside IOCG Exploration Alliance for an additional year, with a further funding commitment of $750,000. Cliffs has also agreed to fund an additional $330,000 (approximate) for drilling the previously acquired Huerta target in Jalisco, Mexico.
Kimber Resources Inc. today announced two new appointments to its management team: David (Dave) Hembree as Vice President, Exploration and James (Jim) McKay as Vice President, Project Development for the Monterde Project, as well as the resignation of Mr. Currie as COO.
Mexican precious metals producer Fresnillo PLC (FRES.LN) expects mining cost inflation at 7%-8% this year due to higher costs for imported goods such as explosives and higher local costs such as labor and diesel, the company’s chief executive said Tuesday.
Endeavour Silver Corp. announces that it has entered into two separate option and joint venture agreements to earn up to a 70% interest in the Panuco silver-gold exploration property from a private company, Arcelia Gold Corp., and a 75% interest in the Laberinto silver-gold exploration property from an NYSE-MKT-listed company, Avino Silver and Gold Mines Ltd. Both properties are located about 60 kilometers (km) north-northeast of Durango City in Durango, Mexico.
Avino Silver & Gold Mines Ltd. is pleased to announce that it has entered into an option and joint venture agreement with Endeavour Silver Corp., whereby Endeavour was granted the option to acquire up to a 75% interest in the Laberinto Property, Durango State, Mexico, consisting of approximately 91.7 hectares. In order to exercise the option, Endeavour must pay up to US $200,000 in annual installments over 4 years to Avino in option payments, and incur up to US$3 million in exploration work on the Property over the next 4 years.
Southern Copper Corporation announced today a quarterly dividend of 24 cents per share of common stock, payable on Aug 28, 2012, to shareholders of record at the close of business on Aug 15, 2012.
Riverside Resources Inc. announces that it has acquired ownership of and control over 1,550,388 common shares of Sierra Madre Developments Inc. representing approximately 2.18% of the issued and outstanding common shares of Sierra Madre. As a result, Riverside now has ownership and control over 8,409,656 common shares of Sierra Madre, representing approximately 11.8% of Sierra Madre’s issued and outstanding shares.
Avino Silver & Gold Mines Ltd. is pleased to provide the following update of activities at its mine operation located near Durango, Mexico.
Fortuna Silver Mines Inc. is pleased to announce the appointment of Mr. Robert Brown as Vice President of Corporate Development effective August 1st, 2012.
Cream Minerals Ltd. announces the completion of the updated mineral resource estimate at the Company’s 100% owned Nuevo Milenio Silver-Gold Project in Nayarit State, Mexico. The Company also announces that the Board of Directors has initiated a review of Cream’s strategic alternatives intended to maximize shareholder value. A Special Committee of independent directors (“the Special Committee”) has been appointed.
Cayden Resources, a junior mining firm, has reported that the high-grade values of gold have been sampled in a fresh trench from the companys La Magnetita target located in the Morelos Sur gold project in Mexico.
Agnico-Eagle Mines Ltd announced its financial results for the three and six months ended June 30, 2012. Net income of $43.3 million or $0.25 per share was reported for 2Q, compared to $68.8 million net income or $0.41 per share for 2Q 2011. For the first six months of 2012, net income was $121.8 million or $0.71 per share, compared to $114.1 million or $0.68 per share for the first six months of 2011. Revenues for the first six months of 2012 were $390.6 million, compared to $337.6 million for the same period in 2011.
Sources say issues surrounding a land use contract signed in April 2008 have led to a blockade at the La Platosa mine.
Riverside Resources Inc. announces that it has received notice from Guerrero Exploration Inc. of its termination of the reorganization agreement between Riverside and Guerrero announced June 19, 2012. At the time the Reorganization Agreement was entered into, Guerrero was in default with respect to its option to acquire up to a 70% interest in the Chapalota property, Mexico, from the Company pursuant to an option agreement between the parties announced June 30, 2011. One of the purposes of the Reorganization Agreement was to set forth new terms upon which Guerrero could earn a 100% interest in the Chapalota property. With the termination of the Reorganization Agreement, Guerrero’s option to acquire an interest in the Chapalota property has now terminated.
Baja Mining Corp. (BAJ.TO) has dropped 19% to a new year low of 6.5 cents, on volume 2.7 million.
Southridge Enterprises Inc. is pleased to announce the initial assay results from Trench #15 at Los Compadres. The Company has been actively conducting a trenching and sampling program at their Los Compadres property at Santa Maria del Oro, in Nayarit, Mexico.
Avino Silver & Gold Mines Ltd. is pleased to announce that the Company’s shares will resume trading on Monday morning, July 30, 2012 on both TSX Venture Exchange and NYSE-MKT.
Says Korean consortium has committed to contribute amount by Aug. 30
* Says stake to fall to 49 pct when consortium pays half the amount
* Says second stage of financing not yet committed
* Shares rise as much as 12 pct
Steel bellwether ArcelorMittal (MT – Analyst Report) blew past the earnings estimates in the second quarter of 2012, but difficult economic conditions and softness in the steel industry led it to issue a cautious outlook for the rest of the year.
Revolution Resources Corp. is pleased to announce that the Company has amended the terms of its option agreement to acquire up to 100% of the Universo and Montana de Oro properties in Mexico from Lake Shore Gold Corp.
Goldcorp Inc. today reported adjusted net earnings1 in the quarter of $332 million, or $0.41 per share, compared to $413 million, or $0.52 per share, in the second quarter of 2011. Reported net earnings were $268 million compared to $489 million in the second quarter of 2011. Operating cash flow before working capital changes2 was $520 million. On July 10, 2012, the Company released second quarter gold production and estimated cash costs in addition to updated production and cash cost guidance for 2012.
Mexican precious metals miner Fresnillo PLC (FRES.LN) announced Thursday the retirement of its chief executive, Jaime Lomelin, and announced the appointment of Octavio Alvidrez as CEO designate.
Cayden Resources Inc. is pleased to announce that it has sampled high grade gold values in a new trench from its La Magnetita target in the 100% owned Morelos Sur Gold project located in central Guerrero State, Mexico. Highlights include 20 meters of 6.39 g/t Au including 6 meters of 14.4 g/t Au. Also, further along the trench, Cayden intercepted 27 meters of 0.48 g/t Au, and 17 meters of 0.62 g/t Au (please see www.caydenresources.com for a location map and previous news releases for locations of other trenches from the current program). These intercepts are located in the western portion of the 7.3 square kilometer gold in soil anomaly outlined earlier this year (see NR dated July 4, 2012). Cayden has begun drilling one of the western anomaly targets (seen NR dated June 6th) and is currently awaiting results. Extensive, additional trench samples from both the eastern and western anomaly targets have been completed and are pending assay.
Siete mineros murieron ayer a consecuencia de una explosión de gas metano en un pozo carbonero del municipio de Múzquiz. Coahuila. Aunque no se han determinado aún las causas del estallido, no parece descabellado atribuirlo a la negligencia de los propietarios del socavón y a la ausencia de condiciones mínimas de seguridad en el mismo. Significativamente, la Secretaría del Trabajo y Previsión Social (STPS) informó ayer, en un comunicado, que ese yacimiento había sido inspeccionado en 16 ocasiones, que se había ordenado la restricción del acceso a uno de los pozos por no tener salida de emergencia y que la empresa El Progreso, propietaria del pozo siniestrado, enfrenta actualmente dos procedimientos de sanción.
This new application brings the paper map online.
Up to date information of:
Check the Mining State Panoramas
The promotion and dissemination as essential elements to understand and disseminate our Mineral resources, that is why today it is pleased to make the document “Mining Panorama” available to society, by state.
GeoInfoMex, is the consultation system of the Mexican Geological Service that allows users to know geoscientific information and make decisions with savings in time and resources, helping to promote mining activity.
The DOF is the organ of the Constitutional Government of the United Mexican States, which has the function of publishing in the national territory, to so that they are properly observed and applied in their respective areas of competence.
Mexico Mining Center © 2019 / All Rights Reserved