A unit of Mexican steelmaker Altos Hornos de Mexico (AHMSA) said on Friday it will lay off 2,000 workers in Mexico and 400 in Texas after state power company the Federal Electricity Commission “unilaterally” canceled a contract to purchase coal.
“La Joya is an advanced exploration and development stage project that will provide our shareholders with tremendous leverage in a rising metals market,” said Mike Romanik President of Silver Dollar. “The Property’s regional targets are of particular interest as they have never been followed up and their exploration potential remains untapped. The transaction also gives us an opportunity to work with First Majestic, one of the largest silver producers in Mexico.”
Shareholders voted in favor of all matters brought before the meeting including the appointment of auditors, the election of management’s nominees as directors, and the renewal of the Company’s 2.25% Share Unit Plan and the unallocated entitlements thereunder.
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