Gertrudis Mercado Cruz Assumes Leadership of FIFOMI
By Fernando Mares | Journalist & Industry Analyst -
Fri, 07/17/2026 - 09:14
SE appointed Gertrudis Mercado Cruz as Director General of FIFOMI to lead the distribution of credit, technical assistance, and operational training to MSMEs across the domestic mining value chain. Incoming Peruvian President Keiko Fujimori plans to accelerate stalled copper projects, a move the Observatory of Mining Conflicts warns could reignite social unrest since key mining regions voted against her ahead of her July 28 inauguration.
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Gertrudis Mercado Cruz Named Director General of FIFOMI
The Ministry of Economy (SE) appointed Gertrudis Mercado Cruz as the new Director General of the Mexico-based Trust for Mining Development (FIFOMI). Mercado Cruz assumes the immediate leadership of the decentralized state body responsible for distributing credit, technical assistance, and specialized operational training to MSMEs across the domestic extraction value chain.
Torex Gold Posts 96,297oz AuEq Production in 2Q26
Canada-based Torex Gold reports gold equivalent (AuEq) production of 96,297oz and AuEq sales of 91,646oz for 2Q26 from its flagship Morelos Complex in Guerrero. According to company projections, grades and gold recovery rates are expected to improve throughout the second half of the year, keeping operational results on track to meet its 2026 production guidance.
The "Full Calendar" Myth: Being on Fire Doesn't Mean Winning
Jorge Cristerna, Operations Director, Multiled, notes that executives often mistake packed calendars and constant multitasking for high performance, leading to imminent burnout. True strategic impact requires professionals to transition from reactive firefighting to focused execution by prioritizing high-yield milestones and isolating their operational value core.
Equinox Gold Secures 20-Year Deal to Revive Los Filos
Mexican federal authorities, state officials and Equinox Gold formalized land access agreements June 25 that pave the way for the restart of the company's Los Filos gold mine in Guerrero, ending more than a year of disrupted operations and positioning the project to resume production for thousands of residents in the municipality of Eduardo Neri.
First Majestic Lifts Silver Guidance on Record Mexican Output
First Majestic Silver leaned on its four Mexican underground mines to deliver a stronger 2Q26, a performance solid enough for the Vancouver-based producer to raise its full-year targets for a second consecutive year. Across Santa Elena in Sonora, Los Gatos in Chihuahua, San Dimas in Durango and La Encantada in Coahuila, the company turned out 3.8Moz of silver and 34,660oz of gold between April and June, up 3% and 2% year-on-year, alongside zinc, lead and copper by-products drawn largely from the Los Gatos joint venture.
Samsara Puts a Price Tag on Mexico's Asset-Theft Problem
Equipment that disappears from a warehouse or a construction yard rarely draws the attention that a stolen bulldozer does. Yet Samsara's 2026 State of Connected Operations report on asset theft and loss argues that these smaller, easily forgotten items are precisely what quietly erode the finances of mid-sized companies. The study, which examines the hidden cost of not knowing where assets are, estimates that organizations operating without tracking technology lose close to MX$230 million each year once every knock-on expense is tallied.
Trump Revives Greenland Push Citing Security, Rare Earths
Appearing alongside Mark Rutte, NATO's Secretary General, the US president made the case that Greenland belongs at the heart of Western defense planning. He pointed to the US troops stationed there during the Second World War and framed the postwar return of authority to Denmark as an error the US is still paying for.
Fujimori's Copper Fast-Track Revives Conflict Fears in Peru
Fujimori is preparing to accelerate a backlog of stalled copper developments, and a new analysis warns the push could reignite social unrest across the country's mining heartland. The report, released by the Observatory of Mining Conflicts in Peru, notes that most of the nation's principal mining regions voted against Fujimori, setting up potential friction as her administration moves to unblock projects that have languished for years. She is due to take office on July 28.








