miércoles, 20 de junio de 2018

Mexico violence hits Canadian silver miner's operations

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Silver News Digest
Thursday 21 June 2018
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Pan American Silver Corp became the latest company to curtail operations in Mexico due to rising violence and crime.

The world's top miner is said to have hired Goldman Sachs to assist with the sale of the Western Australia-based nickel operation.

Hermosa Project.

"Look, it's a stream."

A week choc-a-bloc with billion dollar copper, iron ore and cobalt deals ends with huge drop in prices and sell-off in stocks of mining's biggest names.

Country alleges a court decision had slammed the door on certain investment arbitration cases involving European Union members, so Gabriel's case can't be solved that way any longer.

The listing also makes Erdene the only precious metals exploration and development company currently registered on the exchange.

Reaching agreements with residents near the project is expected to take about a year, followed by three to build the mine, which will begin operations by 2022.

Project is expected to extend Fort Knox mine life to 2030 and generate 17% internal rate of return (IRR) at a low capital cost.

"We see numerous similarities between cobalt and silver."

Canaccord, BMO and Patersons.

A dam filled with liquid waste collapsed last Monday at Rio's Cieneguita mine in Chihuahua.

The companies are committed to explore for mineral deposits first in the Asian country and then the rest of the world .

Company is seeking $4.4 billion in compensation for alleged losses related to its Rosia Montana gold and silver project, which Bucharest halted following relentless protests.

The country's car industry currently employs about 840,000 people, with 210,000 of them working on powertrain production, the sub-sector set to be the worst hit.

The investment will increase the mine's copper output by 45 percent by 2020, with the value of production exceeding $2 billion annually.

A judge from the Ecuadorian province of Cuenca ruled that Ecuagoldmining South America S.A violated article 57 of the country's Constitution.

No longer under water.

The number of electric cars, including battery-electric, plug-in hybrid electric and fuel cell electric passenger light-duty vehicles, increased by 57% in 2017 from the previous year.

Almost a year to the day after Boehner joined the board of directors of Arizona Mining, he's walking away with a cool million dollar payday.

More hires are expected as brokers eye opportunities from China's mainland exchanges opening to investors abroad.

The two companies jointly own the Coimolache mining company in Peru, and are both junior partners in large mines in Peru controlled by U.S.-based companies.

Bear Creek would also consider selling a stake in the $550m Corani project in southern Peru to help pay for the project.

While the global mining industry is quickly becoming more digitally mature, that transformation continues to focus on productivity and profitability, rather than on much needed innovation, a new study shows.

Worldwide there are over 30,000 exploration projects.

It will expand to include more commodities, including zinc, lead, nickel, tin and silver, in the next step.

In late April, Millbrook Minerals became the first copper-zinc explorer to sign an International Economic Association (IEA) contract with Cuba's GeoMinera, becoming the first Canadian firm to sign a deal with the Island since the mid 90's.

The Grassy Mountain Gold project is expected to produce 47,000 ounces of gold and 50,000 ounces of silver for 7.25 years.

Gold's summer-doldrums lull marks the best time of the year seasonally to deploy capital, to buy low at a time when few others are willing.

The major silver miners' stocks remain deeply out of favor, languishing near multi-year lows.

This is the fourth project to be drilled under the terms of a second round of strategic investment from Fortuna Silver Mines, announced in early May.

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