Mexico Develops Mining Robots for Lunar Exploration
Five nano robots developed by researchers from UNAM will be sent to the moon in June 2022 as part of a groundbreaking scientific mission to collect key minerals. The robots will measure the temperature of lunar plasma, electromagnetic waves and the size of regolith particles to better understand the potential of space mining. Gustavo Mediana, UNAM Scientist, said that understanding the minerals of the moon is the main objective of the mission. Once the moon has been explored further, asteroids will be studied next.
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Russian-Ukrainian War Hits the Mining Sector
Miners have benefited from the rally in precious metal prices, as the market fears a war in Europe following the conflict between Russia and Ukraine. However, the shift in trade due to sanctions, rising energy prices and disruptions in production are all expected to hit the sector in Mexico and elsewhere, adding to the growing global commodity supply problem.
Concession Cancellations: Dangerous Precedent in Mining
The cancellation of Almaden Minerals’ concessions by Mexico’s Supreme Court may create a dangerous precedent for the Mexican mining sector, which could result in the interruption of more projects and more international lawsuits against the Mexican government.
Americas Gold and Silver Raises Silver Production Goals
Boosted by an increase in activity following the resolution of a union conflict at its Cosalá operations in Sinaloa, Americas Gold and Silver Corporation elevated its annual silver production guidance. The company expects its silver equivalent production to increase to between 4.8 and 5.2 million oz in 2022, with further increases to between 7.0 to 7.4 million oz in 2024. This represents growth of approximately 240 percent and 375 percent, respectively, compared to 2021’s production.
Pan American Silver to Invest US$20 Million
Canada-based Pan American Silver provided results for 20 new infill and exploration holes, all of which contain multiple skarn and breccia intercepts. In addition, the company announced that in 2022 it expects to drill 55,000m at La Colorada for a cost between US$18 million and US$20 million, to further explore and infill drill the skarn and adjacent veins.
Newmont Surpasses Profit Expectations for 4Q21
Newmont, a major global mining operator with a significant presence in Mexico, published its financial and operating results for 4Q21. The company reported an updated full-year guidance with production of 6 million oz of gold and 1.3 million oz AuEq. Despite COVID-19-related spending and a drop in price for gold bullions, the corporation reported profit, as it gears up to invest further in sustainability.