After a grueling 55-day strike, nearly 3,000 workers at ArcelorMittal Mexico resumed work at the company’s steel plant in Lázaro Cárdenas, Michoacán, over the weekend.
Despite a period of uncertainty in the countries where we operate, Grupo Mexico continues with its expansion plans to keep fostering economic growth and wellbeing in these countries. As a result of our sustained investment plan over several decades, as well as a continued focus on cost control, we were able to benefit from the positive copper price environment, showing double-digit growth in all our indicators, led by the excellent results of the Mining Division.
“Silver Viper is thrilled to announce that we now fully own the entire La Virginia Project,” said Steve Cope, CEO of Silver Viper Minerals Corp.
Mr. Rohan Hazelton, CEO and Director of the Company, said: “I am pleased to welcome Alonso to the DynaResource team. His extensive experience in financial management and cost control in junior mining will be a great asset to the company. We look forward to his contributions in improving operations at the San Jose de Gracia mine.”
“There couldn’t be a better time, since we acquired the property in 2006 and gold prices were much lower than the current $2400 per ounce, to be monetizing the mineralization left behind in the historic workings and to be exploring for new mineral bodies,” states Joanne Freeze, President and CEO of Xali Gold.
Michael Tucker, lead geologist and director states, “We are excited to continue drilling at Dios Padre. The drill crew will mobilize upon closing of the financing. Drill results to date continue to demonstrate what looks to be a high grade, high-sulphidation, gold-copper-silver system proximal to a porphyry source. We are looking forward to expanding on our exceptional results as they clearly demonstrate the potential of this system.”
“During 2023 our Alamos Gold team had the opportunity to reflect on two decades as a Company, and I am proud to say that our dedication to responsible mining has been foundational to achieving one of the best growth profiles in the sector,” said President & CEO John McCluskey.
Sierra Metals Inc. is pleased to announce, further to the May 22, 2024 news release, the completion of the sale of the Cusi Mine and surrounding mineral concessions located in Mexico to Minera San Bernabé, S.A. de C.V., a subsidiary of Silverco Mining Corp.
Aztec Minerals Corp. is pleased to announce that it is amending the terms of its non-brokered private placement financing, previously announced on July 16, 2024, for up to 13,888,888 units of the Company at a price of C$0.18 per Unit for aggregate gross proceeds of up to C$2,500,000, increased from C$1,500,000.
“2023 was an exciting and transformative year for MAG and all of our stakeholders. Looking ahead, we remain focused on fulfilling our commitments, optimizing operational efficiencies and advancing our exploration initiatives,” said George Paspalas, MAG’s President and Chief Executive Officer.
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