First Majestic shares hammered after reporting $40 million-loss

Having trouble viewing this email?  View online Silver News Digest Thursday 16 August 2018 Home     Gold     Coal     Copper     Diamond     Iron Ore     Nickel     PGMs     Silver First Majestic shares hammered after reporting $40 million-loss It also recorded an impairment charge of $31.7 million, or $20.5 million net of tax, related to placing the La Guitarra mine on care and maintenance. read » Fate of Canadian gold miner in Uruguay uncertain Orosur says that the scarcity of alternative sources of ore at its Uruguayan project is resulting in financial liquidity constraints. read » Codelco goes ahead with scaled-back underground extension of Chuquicamata The $4.9 billion-investment is part of Codelco's 10-year, $39 billion overhaul of its core mines. read » Condor Gold to start building mine in Nicaragua Despite the political unrest in the Central American country, Condor has received an environmental permit for the development of a processing plant and associated mine site infrastructure at La India gold project. read » Saudis discover 1,200-year-old mining hub Dawadmi is presumed to have been a hub from where mining products were exported 1,200 years ago. read » McEwen Mining posts loss on strong investment to grow key assets The Canadian precious metals miner logged a $10.6-million net loss for the first half of the year following a $49-million investment in its Gold Bar, Black Fox and Los Azules projects during the period. read » Fresnillo soars despite profit drop on Silverstream revaluation Silverstream valuation had an adverse effect on profit before income tax, which came down 16.6% to $323 million. read » Caterpillar says tariffs will wipe out up to $200M Demand for mining as well as oil and gas equipment is so strong that the company said it was taking orders for delivery well into 2019. read » Eldorado expects higher gold production in 2018 The Vancouver-based miner said that the expected growth would be driven by Kisladag, its flagship gold mine in Turkey. read » Newmont drops $275 million on northern BC project Golden Triangle. read » Ecuador mining reforms good news for Lumina Gold's project Companies can now perform non-systematic drilling during the early exploration phase of their mining concessions and without requiring an environmental license. read » Canada scaring mining investors with long, unclear permit processes Study released Tuesday by the Fraser Institute, British Columbia, Ontario and Quebec are the three main provinces where exploration permit processes have grown longer and less transparent over the past 10 years. read » Alaskans asked for feedback on one of the world's largest gold projects The public is being asked to review and provide feedback on Donlin's reclamation and closure plans. read » Miramont's project in Peru may affect Indigenous communities The company was deemed not eligible for an automatic approval of its drilling permit for the Cerro Hermoso project. read » Miners wrote off almost one-third of investments over last decade From the $939bn invested in major projects between 2008 and 2017, the world's top 40 mining companies by market cap. wrote-off $273bn or 29% of the initial capital outlay. read » Contractor dies in accident at Trevali's Perkoa Mine Upon knowledge of the accident all underground operations were suspended and authorities were notified. read » Tahoe Resources posts quarterly loss on Guatemala mine dispute The Nevada-based company posted a second-quarter loss of $15.6 million, or 5 cents per share, compared to a profit of $33.5 million, or 11 cents per share, in the year-ago period. read » First Majestic's new mine increase silver production by 21% San Dimas. read » Read more Silver news on MINING.com » Home     Gold     Coal     Copper     Diamond     Iron Ore     Nickel     PGMs     Silver About Us   |  Privacy Policy  |  Unsubscribe   |  Contact Us   |  Advertise This email was sent to you by InfoMine Inc. Suite 900, 580 Hornby Street, Vancouver, BC, Canada V6C 3B6 | +1 604 683 2037 |[email protected].Please visit cem.infomine.com for more information. Copyright InfoMine. You are receiving this email because the email address fernandoqueens@gmail.com was subscribed to the MINING.com email list "MINING.com Silver News Digest". You mayunsubscribe at any time. The information contained in “Silver News Digest” is collected from a variety of sources on a “best intentions”basis. InfoMine Inc. makes no representation or offers no warranty with respect to the adequacy of the information for any particular purpose.Any information presented in “Silver News Digest” is not a solicitation to purchase or acquire any securities.Use of this service is an acceptance of this disclaimer. Visit our web site to read ourcomplete disclaimer.