Month: May 2020

Torex Gold Announces Plans to Resume Full Operations at El Limón Guajes Complex

Fred Stanford, President & CEO of Torex, stated: “We have continued our active engagement with local communities during the national suspension of non-essential businesses. The members of these communities have encouraged us to restart operations as quickly as possible. With the Government lifting the suspension decree for mining as of May 18th, mobilization for a full restart of operations will begin immediately.”

Sonoro Withdraws Cerro Caliche Project Development Report

Sonoro Metals Corp., as a result of a review by the British Columbia Securities Commission, the Company is issuing this news release to address issues with its technical disclosure regarding its Cerro Caliche project located in the municipality of Cucurpe, Sonora, Mexico.

First Majestic Initiates NAFTA Arbitration Process Against Mexico for Violating International Law

The Company believes that, in addition to being contrary to various provisions of the Federal Constitution of the United Mexican States and Mexican domestic law, and Mexican court decisions, SAT’s actions contravene international law principles. In the Company’s view, these actions are neither fair nor equitable, are discriminatory against the Company as a foreign investor and amount to a denial of justice under international law. The Company is extremely disappointed that the unwarranted actions and threats of SAT, have continued at a time when the Company is focussed on protecting and preserving the employment and livelihood in Mexico of thousands of employees during the COVID-19 worldwide pandemic crisis.

Newmont to Begin Safely Ramping Up at Peñasquito

“With the government of Mexico incorporating mining into the list of essential businesses that will be allowed to recommence activities on May 18th, we are preparing Peñasquito and our workforce for a safe, orderly and timely resumption of production,” said Tom Palmer, President and Chief Executive Officer.

Coeur Provides Update on Palmarejo Complex

Coeur Mining, Inc. today announced that it has begun taking steps to restart active mining, processing and exploration activities at its Palmarejo gold-silver complex (“Palmarejo”) in the State of Chihuahua, Mexico in accordance with updated guidance from the Federal government of Mexico that precious metals mining is now considered an essential business activity.

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