Mine disruptions escalate as virus rips around globe
On a global scale, work is grinding to a halt and operations at mines are being temporarily suspended as majors and minors move to enact measures to protect against the…
Mexico
Moody’s slashes growth forecasts
In November, Moody’s Investors Service forecast G-20 economies in 2020 would grow by 2.6%, but now estimates real GDP will contract by 0.5%, followed by a pick-up to 3.2% in…
Radius Gold discovers historic silver mine in Mexico
Radius Gold (TSXV: RDU) has signed an option agreement to acquire a 100% interest in Plata Verde, a 3-sq.-km property north of its flagship Amalia gold-silver project in the state…
SilverCrest weighs options after underwriter bails
As global financial markets began to melt down in response to the coronavirus pandemic, SilverCrest Metals (TSX: SIL; NYSE-A: SILV) inked a $75 million bought-deal financing on Mar. 11 that…
TSX slips, Feb. 17-21: Newmont, Eldorado, Wheaton Precious Metals, Pan American, Teck
The blockade of rail traffic across Canada due to a disputed gas pipeline and fears about the impact the coronavirus is having on the global economy, sent the S&P/TSX Composite…
Americas Gold and Silver pours first gold at Relief Canyon
Nine months after construction began on its Relief Canyon mine in Nevada, Americas Gold and Silver (TSX: USA) has poured first gold and expects commercial production to start before the…
US stocks mixed, Jan. 20-24: Barrick, Fortuna, Coeur, Freeport-McMoRan
The Dow Jones Industrial Average rose 1.22% to 28,989.73 and the S&P 500 Index fell 1.03% to 3,295.47. Spot gold climbed US$14.90 per oz. to finish at US$1,571.60 per ounce….
Minera Alamos begins construction of Santana mine
Minera Alamos (TSXV: MAI) has started construction of its Santana open-pit, heap-leach mine in Sonora state and expects to transition from a developer to gold producer this year. “This is…
US markets rise, Jan. 6-10: Nutrien, Consol Energy, Endeavour Silver
The Dow Jones Industrial Average rose 0.66% to 28,823.77 and the S&P 500 Index gained 0.94% to 3,265.35. Spot gold climbed US$9.80 per oz. to finish at US$1,562.10 per ounce….
TSX moves higher, Jan. 6-10: Kirkland Lake, Detour, Equinox, Teck
The S&P/TSX Composite Index rose 0.99% to 17,234.49 during the first full trading week of January. The S&P/TSX Global Mining Index fell 1.15% to 80.85, the S&P/TSX Global Base Metals…
Maverix proves skeptics wrong
In the three and a half years since Geoff Burns cofounded Maverix Metals (TSX: MMX; NYSE-AM: MMX) with CEO Daniel O’Flaherty in July 2016, the royalty and streaming company’s portfolio…
Sierra Metals grows resource at Bolivar mine
Sierra Metals (TSX: SMT; NYSE-AM: SMTS) has updated the resource for its Bolivar underground mine in Chihuahua state, Mexico, based on 13,698 metres of infill drilling and 41,553 metres of…