Category: Exploration and Development

Alamos Gold Announces Ramp Up of Operations at Mulatos

“As with Island Gold, operations at Mulatos will be ramped up in a safe manner. To date, we have not had any confirmed cases of COVID-19 among any of our employees or contractors. We continue to follow strict protocols across our operations with our foremost priority being to protect the health and safety of our employees, their families, and our local communities,” said John A. McCluskey, President and Chief Executive Officer.

Capstone Commences Ramp-up to Full Production at Cozamin Mine

“I am very proud of the way our team at Cozamin has handled the difficult challenges posed by COVID-19,” said Darren Pylot, President & CEO of Capstone. “The rigorous safety controls and prevention measures put in place earlier this year will continue to be our top priority as the site returns to full operations. Over the past six weeks, some reduced mining and milling activities took place, which will allow for a safe and efficient ramp-up to full operating levels within two weeks. As a result, we expect there to be minimal impact on our guidance.”

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.

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