Category: Exploration and Development

Torex Gold Announces Plans to Resume Full Operations at El Limón Guajes Complex

Fred Stanford, President & CEO of Torex, stated: “We have continued our active engagement with local communities during the national suspension of non-essential businesses. The members of these communities have encouraged us to restart operations as quickly as possible. With the Government lifting the suspension decree for mining as of May 18th, mobilization for a full restart of operations will begin immediately.”

First Majestic Initiates NAFTA Arbitration Process Against Mexico for Violating International Law

The Company believes that, in addition to being contrary to various provisions of the Federal Constitution of the United Mexican States and Mexican domestic law, and Mexican court decisions, SAT’s actions contravene international law principles. In the Company’s view, these actions are neither fair nor equitable, are discriminatory against the Company as a foreign investor and amount to a denial of justice under international law. The Company is extremely disappointed that the unwarranted actions and threats of SAT, have continued at a time when the Company is focussed on protecting and preserving the employment and livelihood in Mexico of thousands of employees during the COVID-19 worldwide pandemic crisis.

Newmont to Begin Safely Ramping Up at Peñasquito

“With the government of Mexico incorporating mining into the list of essential businesses that will be allowed to recommence activities on May 18th, we are preparing Peñasquito and our workforce for a safe, orderly and timely resumption of production,” said Tom Palmer, President and Chief Executive Officer.

Coeur Provides Update on Palmarejo Complex

Coeur Mining, Inc. today announced that it has begun taking steps to restart active mining, processing and exploration activities at its Palmarejo gold-silver complex (“Palmarejo”) in the State of Chihuahua, Mexico in accordance with updated guidance from the Federal government of Mexico that precious metals mining is now considered an essential business activity.

GoGold Intersects 3.2m of 1,094 g/t Silver Equivalent

“The drilling at Los Ricos South continues to demonstrate the grade and continuity of this zone, with some grades in excess of 1 kilogram silver equivalent per tonne. Drill hole LRGG-20-152 continues to show more near surface mineralization at the newly delineated San Juan ore shoot,” said Brad Langille, President and CEO.

GR Silver Mining Identifies High-Grade Gold-Silver Area at Plomosas Project: 1.8 m at 30.6 gpt Au and 118 gpt Ag (3,092 gpt AgEq*), including 0.6 m at 86 gpt Au and 36 gpt Ag (8,378 gpt AgEq*)

GR Silver Mining President and CEO, Marcio Fonseca, commented, “With the confirmation of the new high-grade Au-Ag zones hosted in subvertical faults, 100 m along strike from the previously released cross section, we envisage an increased potential for definition of multiple high-grade mineralized veins for future resource estimation.”

Great Panther Provides Update on Covid-19 and Planned Restart of Mexican Operations

Great Panther Mining Limited reports that its Tucano Gold Mine in Brazil continues to operate at full capacity with strict COVID-19 mitigation protocols in place, and has not been subject to any government imposed restrictions in response to COVID-19. As previously announced, Great Panther intends to restart operations in Mexico this month in accordance with the Mexican federal government’s announcements of the lifting of restrictions that have suspended mining operations in the country since the start of April.

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