Goldgroup Mining Inc. announces that Keith Piggott and Harry Burgess have resigned from the Board of Directors pursuant to the Company’s Majority Voting Policy.
Leagold CEO Neil Woodyer commented: “Los Filos is on track to produce approximately 200,000 oz of gold in 2019 at AISC of about $950 per oz of gold sold, in line with guidance. We have started the expansion at Los Filos which is expected to double its production during 2021.”
Compañía Minera Cuzcatlán subsidiaria de Fortuna Silver Mines, estudia invertir en una nueva planta minera en México, sin embargo, requiere el apoyo del gobierno para hacer la mediación entre la empresa y las comunidades y hasta ahora no han tenido respuesta de las autoridades.
“Never have I been this excited about Capstone’s future as both Cozamin and Pinto Valley have clear organic growth strategies in place and we are focused on execution to deliver increased stakeholder benefits,” said Darren Pylot, President and CEO of Capstone.
Brad Mercer, Capstone’s Senior Vice President of Operations and Exploration, “We now see a much larger target and we intend to infill drill the expanded area before re-estimating mineral reserves. On average, the vein is approximately 60% wider up dip from the current reserve, while the copper and silver grades are higher as well. Additionally, having access to the Portree claimblock will give us a platform to extend mineralization to the west.”
Paul Benson, President and CEO said, “We delivered another strong quarter, with increased production at lower cash costs, which positions us well to meet or exceed guidance for the eighth consecutive year. Our strong operating performance resulted in improved margins, earnings, operating cash flow and free cash flow. Notably, we have an incredibly strong financial position with over half a billion dollars in cash and marketable securities.”
La empresa Fresnillo plc indicó que se ha registrado una consolidación de las empresas mineras a través de adquisiciones, sobre todo hacia finales de 2018 y principios de 2019.
In the Third Quarter, 2019, El Cubo mined lower than planned grades due to narrower vein widths and higher dilution of the V-Ascuncion ore body than estimated. The Company is currently assessing whether more efficient mining practices can reduce dilution going forward. The 2019 drill program intersected high grade but narrow mineralization to extend the V-Asuncion orebody. Endeavour is currently updating the reserves and resources and reviewing operating alternatives including the possible closure of El Cubo.
Taj Singh, President and CEO of Discovery commented, “We are excited to have closed this second financing of 2019 and we welcome Mr. Sprott’s continued support as our largest shareholder as well as the support from our new expanded European investor base. The increased demand for the offering demonstrates improved market sentiment and also investor confidence in our future business plans. Discovery is now solidly financed and is well-positioned to aggressively explore and develop its district-scale silver-rich projects in a rallying precious metals price environment.”
“Newmont Goldcorp generated $1,079 million in adjusted EBITDA and $365 million in free cash flow for the third quarter, building momentum for an even stronger fourth quarter,” said Tom Palmer, President and Chief Executive Officer. “We expect to deliver $240 million in annual run-rate improvements by the end of 2019 and exceed our initial synergy targets from the Goldcorp acquisition. We also continued to strengthen our portfolio and advance profitable growth by bringing on Borden, the Ahafo Mill Expansion and Quecher Main on time and within budget.”
Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.
Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.
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.
México Minero is a non-governmental organization that promotes sustainable mining.
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.
Learn about the current situation of the mining industry as well as the activities carried out by Camimex.
Mexico Mining Center © 2021 / All Rights Reserved
