Petaquilla soars on Inmet’s takeover offer
Inmet Mining (IMN-T) is offering to buy Petaquilla Minerals (PTQ-T) for $112 million in cash and equity, which operates the Molejon gold mine adjacent to its Cobre Panama copper-gold project in Panama.
Mexico and Central America
Torex plans 2015 start-up for Morelos
Torex Gold Resources (TXG-T) was the most actively traded stock on the TSX after publishing a bankable feasibility study for its Morelos project in the prolific Guerrero gold belt, 180 km southwest of Mexico City.
Riverside, Cliffs test IOCG targets in Mexico
At a time when many juniors are feeling a cash crunch and throttling back spending, Vancouver-based Riverside Resources (RRI-V) is notably busy as a project generator and early stage explorer. Focused on Mexico, the company believes its…
First Majestic improves Del Toro’s prospects
First Majestic Silver (FR-T) is busy building its Del Toro silver project, which is set to become its fifth producing silver mine in Mexico, with initial production expected by year-end.
Primero’s star rises in the west
The industry expected big things from Toronto-based Primero Mining (P-T, PPP-N) when it acquired the San Dimas gold-silver mine in Mexico for US$500 million from Goldcorp (G-T, GG-N) just over two years ago. But things did not always go…
Mexico buoys Pan American in stormy seas
Thanks to its acquisition earlier this year of the Dolores silver mine in northern Mexico, Pan American Silver (PAA-T, PAAS-X) set a new quarterly record for gold production and posted the second-highest silver production in…
Unigold grows Candelones gold zones in the DR
Unigold (UGD-V) has released more results from its now closely followed drill program at the Candelones gold project on the northwestern portion of the Dominican Republic.Hole 29 hit 89 metres grading 1.72 grams gold per tonne from 326 metres…
Franco-Nevada, Inmet sign Cobre Panama deal
Inmet Mining (IMN-T) has closed a financing deal with streaming and royalty company Franco-Nevada (FNV-T, FNV-N) worth US$1 billion. It’s a bid to cover a funding shortfall at Inmet’s US$6.2-billion Cobre Panama copper-gold…
Palmarejo delivers for Coeur
Of Coeur d’Alene Mines’ (CDM-T, CDE-N) five producing precious metals mines, Palmarejo in northern Mexico is the largest contributor to the company’s sales and cash flow. Metal sales from the mine in Chihuahua state last year…
Revolution’s Mexican discoveries
Revolution Resources (RV-T) has hit high-grade gold and silver below the historic Cinco Estrellas mine at its Universo project and discovered new prospects at its La Bufa property.
MAG, Fresnillo busy at Juanicipio
MAG Silver (MAG-T, MVG-X) has approved a US$25-million budget for mine permitting and underground development work at its Juanicipio silver project in Mexico’s Zacatecas state, a joint-venture with Fresnillo (FNLPF-O, FRES-L).
Soltoro making its name in Jalisco
When it comes to exploring Mexico’s Jalisco State for silver and gold, Soltoro (SOL-V) is a junior of stature.With roughly 550 sq. km of ground in the state, the company has been optioning out of some permits and funneling the cash…