miércoles, 17 de enero de 2018

First Majestic expands Mexico footprint with $320M Primero Mining acquisition

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Silver News Digest
Thursday 18 January 2018
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With the friendly takeover First Majestic gains Primero's flagship asset, the San Dimas silver-gold mine, located in the state of Durango.

The miner and the current operating union re-established plant access through a road used during construction.

To date, the company has invested $45 million in Nicaragua, completed over 70,000 meters of drilling on its flagship La India asset, and produced two PEAs and a PFS.

"The best is yet to come, but not just yet. Patience," Sharps Pixley's CEO says.

The Vancouver-based miner revealed that, including pre-commercial production from the Olympias project in Greece, its gold production was of 285,919 ounces in 2017.

Rio Tinto-controlled Turquoise Hill said the bill relates to an audit on taxes imposed and paid by the mine operator between 2013 and 2015.

Only in the fourth quarter of 2017, the company produced 51,699 ounces of gold, up 26% over the fourth quarter of the previous year.

Canadian miner cited uncertainty over whether it will ever have its mining license for the operation reinstated as main reason for the layoffs.

The Canadian precious metals miner produced 109,947 gold ounces and 3,178,742 silver ounces, last year, roughly in line with full-year guidance of 109,500 ounces of gold and 3,337,000 silver ounces.

Data obtained from the Arkyd-6 will be use in the development of the Arkyd-301, Planetary Resources next spacecraft platform and the beginning of its space resource exploration program.

The Vancouver-based company announced the immediate reduction of underground mining operations and workforce at its True North mine.

Fruta del Norte is expected to produce 340koz of gold per year over 13 years.

The Bougainville government has imposed an indefinite moratorium on mining at the controversial Panguna site — once the world's biggest open-pit copper mine.

The Egypt-focused gold miner also expects solid growth this year. It's targeting 580,000 ounces in production, up from an estimate of 550,000-560,000 ounces.

Chinese media is reporting that a large deposit of silver has been found in the autonomous region of Inner Mongolia.

The mining cycle turned two years ago – gains for the sector's largest companies have far outpaced stocks like Apple, Amazon, Google and Facebook since.

Patagonia's plans have reignited a long-standing debate related to the environmental risks of open-pit operations that use of cyanide leaching technology.

The Dome underground mine was the longest continuously operating mine in Canada.

A full green shift still requires plenty of natural resources- they're just not the traditional fossil fuels we're used to.

"A lot of investors were really badly burned, ourselves included."

Gold stocks blew past their 200-day moving averages, gold over $1300/oz. Now let's take a technical look and focus on key support and resistance targets.

Fresh Kakula resource estimate being prepared based on drilling completed to the end of December 2017.

It may be hard to notice silver's signs with all that's happening in the USD Index and given the rally in gold stocks, but it's definitely worth it.

A winter drilling program has begun on the Stars mine in British Columbia.

Clive Maund conducts a technical analysis on a silver company and finds it is at a good entry point.

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