US markets mixed, Aug. 17-21
The Dow Jones Industrial Average fell 0.003% to finish the week at 27,930.33 and the S&P 500 rose 0.72% to 3,397.16. Spot gold climbed US$2.40 per oz., or 0.12%, to…
Mexico
TSX Venture slightly down, Aug. 17-21
The S&P/TSX Venture Composite Index fell by 1% to finish the August 17-21 trading week at 730.31, with spot gold finishing the week at US$1,942.40 per oz., a rise of US$2.40 per oz. from the…
Odyssey seeks compensation under NAFTA for deep-sea mining project
U.S.-based Odyssey Marine Exploration hasn’t given up its intentions to move forward with a phosphate seabed mining project in Mexico’s Exclusive Economic Zone (EEZ), despite two permit rejections. The Florida-based…
Mexican gov’t greenlights Orla Mining’s Camino Rojo
Mexico has approved the environmental impact statement (EIS) for Orla Mining’s (TSX: OLA) Camino Rojo oxide gold project in Zacatecas state — clearing the way for mine construction to start….
Equinox generates record gold production in Q2
In the second quarter, Equinox Gold (TSX: EQX; NYSE-AM: EQX) produced a total of 127,016 oz. gold at all-in sustaining costs (AISCs) of US$900 per oz. sold, from six mines…
TSX Venture rises, Aug. 3-7
The S&P/TSX Venture Composite Index rose by 2.60% to finish the Aug. 3-7 trading week at 739.98. Spot gold continued to set new records, rising US$58.70 per oz., or 2.97%,…
GoGold Resources advances flagship Los Ricos project
Since co-founding his first junior mining company, Gammon Gold, in his garage in Halifax, N.S., in 1994, Bradley Langille has spent the majority of his career outside of the country…
Inomin Mines acquires La Gitana and Pena Blanca in Mexico
Inomin Mines (TSXV: MINE) has announced an agreement to acquire Gunpoint Exploration’s (TSXV: GUN) La Gitana and Pena Blanca gold-silver properties, located 100 km east of Oaxaca City, Mexico. Under the agreement,…
Mulatos mine keeps paying off for Alamos Gold
When Alamos Gold (TSX: AGI; NYSE: AGI) paid Placer Dome $10 million for the Mulatos project in Mexico in November 2001, gold was below US$300 per ounce. At that gold…
Minera Alamos buys Cerro de Oro gold project in private sale
Canada’s Minera Alamos (TSX-V: MAI) is expanding its footprint in Mexico by acquiring the Cerro de Oro gold project in the north-central state of Zacatecas, its third asset in the precious metals-rich country. The…
Torex posts ‘solid’ Q2; updates 2020 guidance
Mexico-focused producer Torex Gold Resources (TSX: TXG) released its second quarter financial results and updated production guidance for the year: with 59,508 oz. gold generated in the quarter, the company…
Pan American expands La Colorada deposit in Mexico
Silver producer Pan American Silver (TSX: PAAS; NYSE: PAAS) has updated the resource estimate for the La Colorada skarn deposit near its wholly owned La Colorada underground mine in Mexico’s…