Image credits: Peter Burdon
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Weekly Roundups

Mexico’s Mining Production is Recovering

By Paloma Duran | Wed, 09/15/2021 - 16:14

The country's participation in mining global production has fallen due to the COVID-19 pandemic and its own government safety restrictions. Mexico is expected to break its fifth consecutive year streak of falling gold production as more projects, demand and prices increase production. In addition, Mexico´s National Union of Mining, Metallurgical, Steel and Allied Workers has announced that the blockades on the accesses to the San Rafael mine have been lifted to resume operations.

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Mexico's Participation in Global Production Falls

Due to the COVID-19 pandemic and the government’s decision to suspend mining activities for 2 months, Mexico lost participation in the global production of gold, copper, zinc and lead. According to CAMIMEX, from 2019 to 2020, the country's participation in gold production decreased from 3.3 percent to 2.9 percent, in copper it contracted from 3.9 percent to 3.4 percent, in zinc  from 5.5 percent to 5.2 and in lead it decreased 5.5 percent to 5.3 percent.

Mexico Returns to High Levels of Gold Production

Mexico is bound to break its fifth consecutive year of falling gold production streak, as increased demand, new projects and higher prices for the yellow metal have caused 1H21 gold production to break 2020 records. From January to July, the country produced 41.3 tons of gold, representing 31 percent more than the production during the same period in 2020, INEGI reported. Currently, the country ranks ninth among the largest gold producing countries

San Rafael Mine is No Longer Blocked

Mexico´s National Union of Mining, Metallurgical, Steel and Allied Workers has announced that the access points to the facilities of Americas Gold and Silver’s San Rafael mine in Sinaloa are no longer blocked. In addition, Americas is resuming operations, aimed to benefit 324 employees.

Recently, inspectors from the Ministry of Labor visited the mine and Los Braceros mills to review their status, in addition to analyzing the company's restart plans in order to guarantee safe conditions for workers. Following the confirmation of existing safe facilities, Americas called on its employees to resume operations.

Argonaut Gold Finds New High Grade Gold Mineralization

Argonaut Gold continues to discover high-grade gold mineralization in three distinct veins (North, Central and South) below the El Crestón open pit at its La Colorada mine in Sonora, Mexico.

This latest drilling phase was part of a follow-up program to the initial discovery of high-grade gold veins below the El Crestón open pit, which included 12.2 meters at 98.9 g/t Au and 30.3 g/t Ag and 21.3 meters at 44.6 g/t Au and 274.9 g/t Ag.

Endeavour Silver Has High Hopes for Its Terronera Project

Canada-based Endeavour Silver Corporation has announced the completion of their Feasibility Study for the Terronera project highlighting favorable development. The Feasibility Studio (FS) was completed on their wholly-owned Terronera project in the state of Jalisco. The study shed light on “robust economic prospects,” high annual production, and a long mine life, all of them higher and more promising than 2020’s Pre-Feasibility Study, carried out last year in July.

 

 

 

The data used in this article was sourced from:  
MBN
Photo by:   Peter Burdon
Paloma Duran Paloma Duran Journalist and Industry Analyst