Endeavour Silver Reported Highest Production Since 2018By Paloma Duran | Thu, 01/07/2021 - 17:09
Endeavour has announced it has recorded its highest quarterly production over the last two years from its three underground mines in Mexico. Read this and more in the weekly mining roundup!
Prime Mining Corp. has released a year-end update of its Los Reyes gold-silver project in Sinaloa, Mexico. The company announced its operational plans for this year, which include the finalization of the Phase 1 drill program, the design of Los Reyes deposit during 3Q21 and the construction of new infrastructure to expand the Phase 2 drill program in October.
McEwen Mining has announced the highlights of its feasibility study for its Mexico Fenix project in Sinaloa, which revealed that the project will be operational for approximately 9.5 years. Moreover, the company said it is expecting to target an annual production of 300,000 gold-equivalent oz in 2025, up from 160,000 to 170,000 gold-equivalent oz in 2021. This production is expected to come from El Gallo, its Fox complex, Gold Bar and San Jose projects.
Pablo Méndez Alvídrez, President of the Chihuahua Mining Cluster, said the group is committed to purchase and donate COVID-19 vaccines. “Today, we cannot buy vaccines. But as soon as the pharmaceutical companies sell them, the mining companies are willing to buy and supply them to the population", said the Minister of Innovation and Economic Development of Chihuahua, Alejandra de la Vega.
Endeavour has announced it has recorded its highest quarterly production over the last two years from its three underground mines in Mexico: Guanacevi in Durango, Bolañitos in Guanajuato and El Compas in Zacatecas. Production in 4Q20 was of 1.11Moz of silver and 12,568 oz of gold for 2.1Moz of silver equivalent. This production was higher than the one in 4Q19. The company said this increase was due to operational improvements in the mines of Guanajuato and Durango.
SilverCrest has reached a US$120 million credit agreement with RK Mine Finance to fund the construction of the proposed 1,250t/d underground project. In addition, the company also agreed a US$76.5 million engineering, procurement and construction contract (EPC) with Ausenco for the construction of the Las Chispas process plant.
In 2020, natural graphite production was highly affected by COVID-19 and, according to the firm GlobalData, production decreased by 15.4 percent to 952.6kt. However, for this year, it is expected that graphite production will increase by 7.6 percent to 1,025.5kt.