miércoles, 18 de julio de 2018

First Majestic's new mine increase silver production by 21%

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Silver News Digest
Thursday 19 July 2018
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San Dimas.

Over 1,500 mining companies were operating in the South American country in 2016.

The Canadian miner plans to acquire the rights to the Milenos 32 concession adjacent to its Cerro Hermoso project in Peru.

Company believes its Cascabel copper-gold project, 180 km north of the capital Quito, may become one of the largest copper-gold porphyry systems ever discovered.

To stay productive, McKinsey warns that miners must maintain fiscal discipline.

An international group of researches have recommended 18 quantitative metrics that regulators can use to assess seabed mining projects.

Jonathan Henry has resigned from his position as President, CEO and as a Director of Gabriel to pursue other opportunities with immediate effect, the company said.

Even after two years of gains, industrial metals trade well below 10-year mean prices. Silver looks cheap, but gold, crude may be fully priced already.

Targeting close or ready for production.

"He's my favourite."

Fresh setback for the company's Solwara 1 project, expected to be the world's first seabed gold, copper, silver mine.

"China's buoyant mood is giving way to concerns around tightening credit and a slowing manufacturing sector."

Minera Frisco and Goldcorp's subsidiary Minera Peñasquito are joining forces in Zacatecas.

The figure, though significant, is minor when taken in the context of Codelco's $18 billion investment plan aimed at upgrading its aging mines and dealing with dwindling ore grades.

A German battery plant could help ease an expected negative impact in the workforce employed by the local automotive industry.

Results of the Preliminary Economic Assessment show Cangrejos is one of the world's top 15 undeveloped gold projects based on its average annual production potential.

The miner, which has set an exploration objective of adding one million gold equivalent ounces to Cerro Moro's mineral inventory, has hiked its exploration budget for 2018 to $11.2 million from $9 million.

Strong demand growth will be largely focused on high-grade lithium, according to research firm Roskill.

It means the company can now begin limited production, with increased feed to the mill expected in a couple of months.

First Quantum will invest $1.5 million to advance exploration work at the Orquideas and Cascas assets in the first year, with the option of investing an additional $37 million over the course of the subsequent four years covered by the deal.

Mining-union leader Napoleon Gomez Urrutia, who fled to Canada more than a decade ago after being accused of embezzlement, is on the short list for a senate seat in Mexico.

Miners are urging the government to lift a six-year ban on large-scale projects in the Philippines after the state removed restrictions on smaller ventures.

KGHM has not had a CEO since Radoslaw Domagalski-Labedzki was fired on March 10.

"The plant has demonstrated that it can operate at planned hourly production throughput capacity."

Rockhaven Resources.

McEwen Mining Inc.reports consolidated production for Q2 2018 of 36,959 gold ounces and 772,432 silver ounces, using a 75:1 gold to silver ratio.

Excerpt from THE BONANZA KING: John Mackay and the Battle Over the Greatest Riches in the American West by Gregory Crouch.

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