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Weekly Roundups

Metallurgists Will Profit from E-Course on the Theory of Sampling

By Alejandro Ehrenberg | Thu, 08/13/2020 - 16:53

The Week in Mining calls attention to an exciting e-course that will take place on Aug. 19 and 20, 2020. World-renowned expert Dr. Francis Pitard will explain Theory of Sampling fundamentals for optimizing mineral processing plants. Also, Mexican miners reported strong 2Q20 results despite pandemic-related disruptions. Finally, gold and silver lost some of the ground gained but still remain at historically-high levels.

This and more in your weekly Mining Roundup.

 

E-course

Sampling systems experts Promimex and Tecpromin, in collaboration with the Zacatecas' Mining Cluster, cordially invite you to join Dr. Francis Pitard's two-day e-course focused on the benefits of applying Theory of Sampling principles to optimize metallurgical processing.

 

Mexico

Equinox Gold, which owns and operates the Los Filos mine in Guerrero, released 2Q20 results and updated its production guidance for the year. Highlights at Los Filos include the restart of open-pit and underground development activities and a study for a new carbon-in-leach plant.

Brigadier Gold has signed an agreement for an option to acquire a 100 percent interest in the Picachos gold and silver property in Sinaloa. The company is the newest player to stake a claim in the booming Rosario mining district.

SilverCrest Metals reported unaudited financial results for 2Q20 and an update on activities. The company re-started exploration and development activities at its Las Chispas project, in Sonora, after a suspension in response to COVID-19. Also, during the 1H20 the exploration team completed 97,700m of in-fill and expansion drilling.  

MAG Silver announced that the phased restart for the Juanicipio project commenced on June 1, 2020, with the overall development timetable unchanged, according to the project’s operator Fresnillo plc.

 

Metals

Gold prices experienced their steepest one-day fall since 2013. “The gold price has crashed from its record high of US$2,075/oz as the US equity markets resumed its rally on the back of more help from Washington,” reported Forbes.  

Silver had its best year since 2013, outshining gold. Fears of inflation, low rates, liquidity boosts and flights to safe havens resulted in a soaring price for the white metal.

Reuters reported that London copper fell on Thursday as seasonally weak demand from top consumer China and uncertainty over an additional US stimulus package pressured prices.

Just weeks after the updated free trade agreement between Mexico, the US and Canada (USMCA) went into effect, the Trump administration announced that it will put tariffs on Canadian aluminum back in place. The decision has raised concerns from the Aluminium Association of Canada.

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Alejandro Ehrenberg Alejandro Ehrenberg Journalist and Industry Analyst