miércoles, 16 de mayo de 2018

Mexico oks First Majestic’s $320 million-acquisition of Primero

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Silver News Digest
Thursday 17 May 2018
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The approval was the final government agency's permission the parties required to close the deal.

Despite mining contributing about 6 per cent of the country's GDP, a study revealed that almost six out of 10 of young Australians know nothing at all about mining careers.

Commercial production is expected in the second quarter of the year.

Chief executive Jean Sebastien-Jacques said the challenge for the industry is to ensure the benefits from the past frugal years are not lost against a backdrop of rising oil prices and increased political risk.

The company expects both the province and the federal government environmental decisions on the gold-silver project to be issued in the third quarter of the year.

Orvana Minerals' subsidiary in Spain has plans to reopen the Carlés gold mine, located in the Salas municipality of the Principality of Asturias.

Indicated and inferred gold equivalent resources increased by whooping 208% and 172% respectively, when compared to the project's maiden mineral resource estimate of 2015.

Meteoric's new project contains historical cobalt-silver shafts and pits which have never been explored using modern exploration techniques.

The DIVA museum has a butler that allows visitors to peek inside various rooms where precious treasures are kept.

The Toronto-based miner expects to stay in line with its 900,000 ounces production guidance for 2018.

Skeena will receive Cdn$1.75 million in cash plus another Cdn$1.75 million in StrikePoint common shares at a value of Cdn$0.225, based upon the 20-day average price of the stock.

Lack of new projects, investment deficit and increasing political risk will hit supply of cobalt, lithium, copper and nickel, key metals for making the batteries that power electric cars.

Pan American Silver management has engaged with the protesters in a mediation process.

Auryn Resources announced that it is close to becoming a big player in the Andahuaylas-Yauri belt in southern Peru.

On the 20th anniversary of the breach of the tailings pond at the Los Frailes mine in Spain, environmental organizations held a press conference to alert the public about the possibility of a similar accident taking place.

The machinery manufacturer logged earnings of $2.82 per share on revenue of $12.9 billion, surpassing expectations.

The Pan Mine generated 8,695 ounces of gold during the second fiscal quarter.

Net profit for the first three months of the year stood at 439 million zlotys ($121.08 million), compared with the 453 million zlotys expected by analysts.

Megastar Development wants to buy the Rama de Oro project located in the state of Oaxaca.

BC's Golden Triangle is now hot again after many years of neglect.

Precious metals expert Michael Ballanger discusses the gold and silver ratio.

Meanwhile, silver coin purchases for the month rose 10 per cent higher than last year.

Martín Vizcarra said that he was in favour of promoting mining development in his country.

Ecuadorian officials have held talks with several foreign companies about the possibility of building a copper refinery.

KGHM also said in a statement that silver sales fell in the same quarter by 16 percent to 212.6 tonnes.

The Deputy Secretary of Mining Policy said the world needs Argentina's copper, lithium, gold and silver.

The London Bullion Market Association has suspended the Ekaterinburg Non-Ferrous Metals Processing Plant from its gold and silver good delivery lists due to "ownership related issues".

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