Fresnillo sold most of its 9% stake in MAG Silver due to Pan American Silver’s acquisition agreement, which would convert its shares to less than 1% of Pan American, misaligning with its strategic goals. The sale reflects focus on Juanicipio mine’s strong performance. Proceeds will support growth and balance sheet strength. Fresnillo aims to collaborate with Pan American if the deal completes.
Newmont Corporation released its 2024 Sustainability and Taxes & Royalties Reports, showcasing its ESG performance and fiscal transparency. Highlights include $16 billion in economic contributions, $2.6 billion spent with local suppliers, and leading the Dow Jones Sustainability Index for the ninth year. The reports emphasize responsible mining, safety improvements, and community investments, aligning with global reporting standards.
Americas Gold and Silver Corporation (TSX: USA, NYSE: USAS) announced high antimony (90-96%), silver (98-99%), and copper recoveries from metallurgical tests at its Galena Complex in Idaho. With a current stock price of $0.559 USD, the company aims to become the only U.S. antimony producer, leveraging modern flotation to unlock value from a critical mineral previously unmonetized, enhancing shareholder value.
Oroco Resource Corp. announced three key developments for its Santo Tomás Copper Project in Mexico: 1) an application to realign a river to access over 2 billion lbs of CuEq, enhancing project scale; 2) engagement of top environmental law firm Pontones & Ledesma for permitting; and 3) an application for TSX listing to boost visibility and liquidity.
Heliostar Metals Ltd. announced high-grade gold results from a 16,211-meter drilling program at La Colorada Mine, Sonora, Mexico, including 56.6m at 2.88 g/t and 23.2m at 14.4 g/t gold. The program aims to expand reserves for a mid-2025 technical report. Drilling will now focus on stockpiles and high-grade veins to enhance production and economics.
Vizsla Silver Corp. has agreed to acquire the Santa Fe Project, a 12,229 Ha site with a 350 tpd mill, south of its Panuco Project in Mexico. The deal includes cash and share payments for production and exploration concessions. The Santa Fe mine has processed 370,366 tonnes of ore since 2020, with significant exploration potential. The acquisition aims to boost Vizsla’s production profile.
Mexico Mining Center © 2021 / All Rights Reserved
