Reuters reported that Mexico’s mining chamber said at least 50 silver, gold, copper and zinc projects are attractive targets for mergers or acquisitions and high metals prices will draw USD 4.4 billion in mining investment to the country this year.
Toronto stocks edged up at open Tuesday amid buying in gold and energy stocks. The S&P/TSX Composite Index added 20.65 points or 0.15 percent to 14,143.76.
Riverside Resources is a gold and silver explorer focused on developing a portfolio of high potential projects in Mexico, and the United States. Riverside utilizes the Prospect Generator business model to ally themselves with strategic joint venture partners that will expose the company to substantial resource growth while limiting capital dilution.
Wall Street turned a cold shoulder to Pan American Silver (PAAS) this morning, as a flurry of price-target cuts and a downgrade hit the shares. RBC lowered its price target to $43 from $46, while rating the stock an “outperform.” Cormark cut the stock to C$38 from C$39, while CIBC lowered its forecast to $48 from $54. UBS trimmed its price target to $49 from $50. Meanwhile, TD Newcrest downgraded the shares from “buy” to “hold,” and dropped its price target to $41 from $45.
Southern Copper (SCCO.N) Chief Executive Oscar Gonzalez said on Thursday he expects to have a recommendation from an independent committee evaluating a proposal to merge with U.S. copper miner Asarco by mid year.
All indications are that by 2020 auto companies will be manufacturing more EVs and hybrid electric vehicles than gas powered cars. Certainly that is the case for China, India and Europe. America will trail this world-changing development, but will eventually be brought into the lithium economy kicking and screaming.
TORONTO, Canada: Ubika Research has released a profile report on Quaterra Resources Inc (AMEX: QMM | PowerRating) (TSX VENTURE: QTA | PowerRating) (CVE: QTA) under its weekly series called “Junior Resource Stock of the Week” that identifies high potential junior resource companies.
Goldgroup Mining (TSX:GGA, OTC: GGAZF) certainly stands out from the pack of Mexican focused mining juniors due to its all-star shareholder register, management track record and recent transactions that have confirmed it is a company going places fast.
MAG Silver (AMEX:MVG) ranks first with a gain of 3.33%; Silvercorp Metals (AMEX:SVM) ranks second with a gain of 0.6%; and Endeavour Silver (AMEX:EXK) ranks third with a gain of 0.6%.
Hecla Mining Company (“Hecla”) (NYSE:HL) will release its 2010 fourth quarter results after market close on Wednesday, February 16, 2011.
Check the Mining State Panoramas
The promotion and dissemination as essential elements to understand and disseminate our Mineral resources, that is why today it is pleased to make the document “Mining Panorama” available to society, by state.
GeoInfoMex, is the consultation system of the Mexican Geological Service that allows users to know geoscientific information and make decisions with savings in time and resources, helping to promote mining activity.
The DOF is the organ of the Constitutional Government of the United Mexican States, which has the function of publishing in the national territory, to so that they are properly observed and applied in their respective areas of competence.
Learn about the current situation of the mining industry as well as the activities carried out by Camimex.
Mexico Mining Center © 2021 / All Rights Reserved
