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Weekly Roundups

Mexican Lawmakers Back Mining-Free Nature Reserves

By Cas Biekmann | Thu, 04/15/2021 - 18:06

A law that prohibits mining operations in protected nature reserves is backed up by politicians and academic circles. In other news, promising developments are happening all over Mexico’s mining jurisdiction.

Ready for more? Read the roundup here!

 

Mexican Lawmakers Back Mining-free Nature Reserves

BNAmericas reported that political and environmental groups are asking Congress to pass a law that would prohibit mining operations in nature reserves, warning that the activities represent a serious threat to the great biodiversity in Mexico. The proposal garnered overwhelming support from the Chamber of Deputies: it passed with 407 votes in favor, 0 against and 56 abstentions.

 

Almaden Case Heads to Supreme Court

A case involving Almaden Mining’s Ixtaca gold and silver project is heading to Mexico’s Supreme Court, reported the Canadian Mining Journal. An appeal issued by the federal government against the initial ruling, featuring Almaden as an affected third party, was redirected to the Supreme Court. The original case was raised by a Tecoltemi community of 150 people outside of Almaden’s claim area in Puebla’s state court, which ruled that Mexico’s mineral title system was deemed unconstitutional and Almaden’s mineral claims were to be suspended until consultation was completed. In regards to the Supreme Court’s decision, Almaden said it expected a decision in the next four to eight months.

 

First Majestic Announces 1Q21 Results

First Majestic Silver Corp. announced its results for 1Q21, having produced 2.9 million oz of silver and 23,873 oz of gold in its Mexican San Dimas, Encantada and Santa Elena mines. The company will release its financial results in early May 2021, reported Junior Mining Network.

 

SilverCrest Reports High-Grade Drill Results for Veins in the Babicanora Area of Las Chispas Project

The company announced an additional in-fill and expansion drill from several veins in the area of the Las Chispas project, finding two new veins in the process.

 

Magna Gold Increases Production at Mexico’s San Francisco Mine

Mining.com reported that after Magna Gold restarted its production of the San Francisco project in late 2020, business is looking up for the heap leach mine. For 2021, the company expects to produce 55,000 to 65,000 gold oz.

 

Equinox Gold Starts Bermejal Underground Development, Completes Los Filos Community Agreement

The company announced it is starting development of the Bermejal underground mine, the first out of three planned expansion projects at its Mexican Los Filos project. Furthermore, Equinox updated its social collaboration agreement with the Carrizalillo community surround their project, similar to a previous agreement but with an upgraded term and more clarified provisions.

The data used in this article was sourced from:  
BNAmericas, Mining.com, First Majestic, SilverCrest, Equinox Gold, Junior Mining Network
Cas Biekmann Cas Biekmann Journalist and Industry Analyst