J. Duane Poliquin, Chairman of Almadex commented, We are pleased to once again demonstrate the potential for the Norte Zone to expand with continued exploration. The results today confirm that the zone remains open to the northwest.
Osisko Metals Incorporated is pleased to announce the appointment of Mr. Robin Adair, P. Geo, as Vice President Exploration and Mr. Gary Woods, P.Geo, as Senior Exploration Manager, Bathurst Project.
Brad Langille, President and CEO of GoGold stated, We are very pleased to announce this Transaction with Agnico Eagle. We believe it demonstrates the value generated and progress made at Santa Gertrudis by the GoGold team since acquiring the Project in 2014. Agnico Eagle has a strong track record of advancing and developing projects and we believe GoGold shareholders are well positioned to benefit from the future potential of the Project through our retained royalty. The Transaction will enable GoGold to significantly strengthen the Companys balance sheet through repayment of our senior revolving credit facility, position the Company well as the Parral Tailings project ramps up to its full potential, while also allowing us to continue to pursue further opportunities in Mexico and beyond.
Mexicos economy has been on a rollercoaster ride over the past year. It saw budding progress from the reforms of the previous three years emerge early on, only to be bashed and beaten from all sides by the bearish sentiment around EMs stemming from the rise of Donald Trump. In recent months, however, economists have observed, with much relief, that the economy is beginning to recover and its currency stabilise, as many of the initial threats now look unlikely to manifest.
Francis R Biscan, GracePoint Mining Corp Chairman & CEO states: “We believed that one of the most critical aspects of the Magistral project was the selection of the right contractor for the re-building and expansion of the processing plant. We have been doing business in Mexico for over 11 years, and I can confidently say that Componentes Mineros SA DE CV is one of the best companies that we have worked with, not only for the competent work they are doing, but also for their personal and professional commitment to the project.”
Alonso Lujan, Vice President Exploration at Sierra Metals stated: The assay results have positively confirmed the existence of higher grade copper mineralization with an average copper equivalent grade of 2.55%. This will help to increase head grades at the mill when this material is included in the future mine plans. The assay results have also provided the necessary data needed to update our current resource base for the Bolivar mine. The update is planned for completion in Q4 2017 He continued, We believe the Bolivar mining district has an attractive potential for further exploration success
The increase in resource will underpin our plans to fast-track initial production for short-term cash flow, Consolidated Zinc Managing Director Will Dix said. Combined with the outstanding metallurgical results from Tres Amigos, these results suggest there may be sufficient tonnage to support initial mining at Plomosas – and will form the basis of the Scoping Study.
Una oleada de nacionalismo económico tiene a gobiernos y sindicatos locales presionando y desafiando el dominio sobre los recursos naturales que mantienen las grandes mineras occidentales. “Estamos viendo el surgimiento de gobiernos más nacionalistas en todas partes”, dijo Paul Mitchell, socio de la práctica de minería y metales de Ernst & Young. “Ese deseo de mantener los activos de una nación y trabajarlos, creo que solo va a subir a medida que se den cuenta que se están haciendo escasos. BHP, Freeport y Barrick ya sienten la presión en algunos de sus proyectos.
Rising nationalism leads countries to seize more of the bounty.
El sector minero de México ha sido golpeado por la imposición de nuevos derechos, así como la falta de certeza jurídica y la inseguridad patrimonial, tan sólo en 2016 se postergaron 169 proyectos y para el primer semestre de 2017 el número de cancelados llegó a 174.
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