AIMMGM, Government Officials Discuss Key Mining Sector Issues

Rubén del Pozo, President, AIMMGM, met with government officials to address key issues in the mining sector, as the industry anticipates a more open stance from Claudia Sheinbaum's incoming administration. Meanwhile, CAMIMEX warns that mining investment could reach a decade-low in 2025, citing the halt in concessions since 2018 as a major factor.

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AIMMGM Meets With Government Officials

Rubén Del Pozo, President, AIMMGM, met with officials from the Ministry of Economy (SE) to discuss key issues impacting Mexico's mining and metallurgical industry. The meeting comes at a pivotal moment, with the mining sector closely monitoring government policies as Claudia Sheinbaum’s term just started.

Defiance Silver Extends San Acacio Option, Acquires Tepal License

Defiance Silver is extending its option agreement for the San Acacio silver project in Zacatecas, and acquiring six new licenses for its Tepal project in Michoacan in line with its ongoing exploration activities, the company says.

Torex Gold‘s Media Luna Project Stands at 87% Completion

Canada-based Torex Gold reports 87% progress in the construction and engineering of its Media Luna project in Guerrero in 3Q24. The company says it will focus on refining the project’s plan and schedule for the plant-tie period.

Minera Alamos to Acquire Sabre Gold

Minera Alamos will acquire all issued and outstanding shares of Sabre Gold, allowing it to establish a new growth platform as a diversified North American gold producer. The addition of the Copperstone Mine in Arizona will complement Minera Alamos' existing Santana mine operations in Sonora, with a targeted increase in gold production to 150,000oz/y.

Mining Investment Projected to Reach Decade-Low by 2025: CAMIMEX

CAMIMEX projects that mining investment in Mexico will decline to US$3.8 billion by 2025, marking the sector’s lowest level in nearly a decade. In 2024, investment in the sector is expected to reach approximately US$5 billion, aligning closely with the 2023 level of US$4.96 billion.