Deep-Sea Mining Could Destroy Special Ecosystems
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Deep-Sea Mining Could Destroy Special Ecosystems

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Karin Dilge By Karin Dilge | Journalist and Industry Analyst - Thu, 03/02/2023 - 08:52

Experts warn that deep-sea mining could greatly impact unusual ecosystems and are asking countries to ban the practice. Moreover, big mining companies based in Mexico continue to show strong results and are establishing goals for 2023 and the future in the country. In addition, mining states like Chihuahua are proactively working to bring more investment to the sector. 


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Researchers Fear Deep-Sea Mining May Destroy Rare Ecosystems

Several researchers warn that deep-sea mining will lead to the destruction of key hydrothermal vents, which host unique marine ecosystems. Furthermore, they urged countries to ban deep-sea mining: while the economic benefits are substantial, the destruction of biodiversity is inevitable, they say.

Chihuahua Announces Five Potential Mining Projects

The state of Chihuahua has announced five new potential mining projects may start operating soon. The state already has 16 large-scale operational mining units, mainly in the west and south-central regions.

Coeur Mining Delivers Strong Results in 4Q22

The US-based precious metals company Coeur Mining presented its 4Q22 and 2022 yearly results. Despite challenges, the company remains optimistic as it performed in line with its forecast. It also expects a production increase once a key expansion project is completed. 

Torex: Inaugural Climate Change Report/2030 GHG Reduction Targets

Torex Gold has ambitious goals as it works to help mitigate the impact from climate change, including achieving net-zero greenhouse gas (GHG) emissions by 2050 and setting achievable 2030 GHG reduction targets, aided by the construction of a new solar plant to be built at its Morelos property.

First Majestic Ended 2022 With Strong Liquidity

The Canada-based silver company First Majestic announced its financial results for 4Q22 and the full year 2022. The company noted that 4Q22 and 2022 were full of contrasts led by increasing production, but also rising costs. Nevertheless, it ended 2022 with high liquidity of US$276.6 million.

Angel Wing Metals Acquires La Reina Claim Group 

Angel Wing Metals announced it acquired the La Reyna claim group. This new addition expands the company's control over mineral rights through the El Grande Project in Nayarit, Mexico. La Reyna is a significant strategic acquisition, with a large portion of the area showing significant clay, silica and iron oxide alteration and historical mine workings where outcrop exposure is present.

Americas Gold and Silver Reports 2023-2024 Outlook

The Canadian mining company Americas Gold and Silver reported its attributable silver production, silver equivalent production, cost and capital expenditure guidance for 2023, as well as its production outlook for 2024.

Argonaut Gold’s Year-on-Year Production, Sales Decrease

The Canada-based gold producer Argonaut Gold presented its 4Q22 and full year 2022 results. The company faced a difficult year, characterized by decreases in production and sales, as well as increasing costs. For 2023, Argonaut expects a “pivotal growth stage” once a key project comes online.

Bear Creek Forecasts a 49% Production Increase in 2023

Bear Creek Mining announced that the production guidance for its Mercedes gold mine in Sonora has increased due to its operations improvement program, which created a solid foundation for 2023.

Aura Minerals to Continue Growing, Delivering Dividends

The gold-producing company Aura Minerals released its 4Q22 and end-of-year report. The company highlighted increasing gold equivalent (AuEq) production in the quarter and significant decreases in revenues and a strong recovery in net income for the full year. The company is optimistic, as it believes it is building strong foundations for future production increases.

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