Luca Mining’s Tahuehueto Mine Starts Commercial Production

Canada-based mining company Luca Mining announced it started commercial production at its Tahuehueto project in Durango. Tahuehueto’s processing plant’s availability stands at 82%, aiming to increase above 85%. In other news, gold reached US$3,100/oz, setting a new record. Experts attribute this increase to concerns regarding tariffs that could drive inflation up.

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Luca Mining Achieves Commercial Production at Tahuehueto

Luca Mining announced it started commercial production at its Tahuehueto project in Durango. The company considers this achievement reflects the effectiveness of its optimization efforts. 

Heliostar Metals to Begin a 15,000m Drill Program at Ana Paula
Heliostar Metals announced plans to start a large-scale drill program at its Ana Paula deposit in April 2025. The company will deploy two drill rigs to conduct the program, which aims to further develop the deposit's resource potential.

Goldgroup Mining to Start Exploring Cerro Prieto
Canada-based gold mining company Goldgroup Mining announced it commenced an exploration program at its Cerro Prieto gold mine in Sonora. The program includes approximately 6,000m of diamond core drilling, an induced polarization geophysical survey, and surface trenching.

Agnico Eagle Completes the Acquisition of O3 Mining
Canada-based mining company Agnico Eagle announced the completion of its acquisition of Quebec-based gold explorer and developer O3 Mining. The company said O3 Mining shareholders will receive a CA$1.67 (US$1.17) per share, a 58% premium. 

Gold Hits Record High Above US$3,100/oz Amid Tariff Uncertainty
Gold prices maintained a remarkable rally on March 31, surpassing US$3,100/oz and setting a new record. Concerns over tariffs that could drive inflation and slow economic growth fueled demand for safe-haven assets, keeping gold on track for its strongest quarter since 1986.