Category: Exploration and Development

Although the Media Luna project kidnap victims have been recovered by Mexico authorities, analysts are still taking aim at Torex Gold Resources.

Azure Minerals Limited is pleased to announce that exploration has commenced at the Promontorio Project, marking the first stage of activity under the Earn-In and Joint Venture Agreement with Kennecott Exploration Mexico S.A. de C. V., part of the Rio Tinto Group.

Arian Silver Corporation, a silver exploration, development and production company focussed on silver projects in the silver belt of Zacatecas, Mexico, is pleased to report that it has successfully purchased the 2% Net Smelter Return royalty on its wholly owned San José project.

Con la consigna de “Sin la vida, las obras sobran”, pobladores de Ixtacamaxtitlán se apersonaron al Primer Informe de Labores del edil Eleazar Hernández Arroyo para exigir que cumpla el compromiso que firmó en su campaña de rechazar la apertura de una mina para la extracción de oro y plata y negar los permisos de cambio de uso de suelo a la empresa Almaden Minerals.

Torex Gold Resources Inc. reports that they have received information that 12 community members, from the vicinity of their construction project, have gone missing from the public highway to Cocula, in the State of Guerrero, and from the public waterways. The whereabouts of these community members is unknown at this time. One of the 12 missing community members works for the company as a labourer and was off duty at the time he went missing. Three others work for contractors to the project. Our thoughts are with the individuals and their families, and our site team is providing support through this difficult time for the community.

“Minera y Metallurgica del Boleo, or MMB, in which KORES holds 90 percent stake, obtained the first production from its copper mining process plant in Santa Rosalia, Mexico, on Jan. 17,’’ the company said in its statement. “We expect MMB to produce 24,000 tons of copper this year.”

Timmins Gold Corp. is pleased to announce that its 2014 drill program has identified potential satellite deposits on the North Trend located approximately 2-8 km north of the Company’s San Francisco Mine, located in northern Sonora, Mexico. During 2014 Timmins Gold completed a drill program of approximately 25,000 meters in a combination of core, reverse circulation and rotary air blast drilling on the North Trend, a cluster of high priority targets to the north of the San Francisco Mine identified by previous prospecting and exploration.

El día de hoy los directivos de Scorpio Mining se reunieron con empleados en sus operaciones de Cosalá para anunciar los planes de reducir su plantilla en Sinaloa, México. Esta es una muy difícil pero necesaria decisión pues ha quedado claro que las operaciones de Cosalá no son redituables con la fuerza laboral que actualmente opera debido a la continuidad de los bajos precios de la plata y los metales base. Desafortunadamente, lo anterior significa que tenemos que prescindir de aproximadamente 90 puestos los cuales representan alrededor del 24% de la fuerza laboral. Los cambios estarán distribuidos en todos los departamentos y se harán efectivos inmediatamente.

GoGold Resources Ltd., is pleased to announce that its wholly owned Mexican subsidiary, Grupo Coanzamex SA de CV, has signed a Letter of Intent and is completing its due diligence and expects to complete an option agreement in March 2015 with Promotora De La Industria Chihuahuense which provides for Coanzamex to acquire irrevocable processing rights to additional tailings material which it intends to process at its Parral heap leach facility. These additional tailings were extracted from the same geological structures as the Parral tailings currently being processed, and are located only one kilometer further than the existing tailings currently being processed.

El aumento del 50 por ciento en los costos de producción y la caída de los precios internacionales de plata, oro y el cobre, ha provocado la suspensión del 80 por ciento de proyectos de exploración minera en los últimos dos años, por falta de viabilidad financiera.