Newmont Recognized for ESG EffortsBy MBN Staff | Thu, 11/19/2020 - 18:03
The Week in Mining highlights strong developments in Mexico’s project pipeline. Companies like Santacruz Silver and Sierra Metals reported remarkable production figures. Explorer Golden Minerals is ready to graduate to precious metal producer. Newmont was recognized for its ESG efforts.
This and more in your weekly mining roundup!
SilverCrest Metals announced drill results for its newest high-grade discovery, the Babi Vista splay vein, and in-fill drilling for the northwest extension of the Babi Vista vein at its Las Chispas property in Sonora, Mexico.
First Majestic Silver announced that it will appeal Mexico’s Federal Court’s decision regarding the Advance Price Agreement (APA) between the Tax Administration Service (SAT) and the company’s Mexican subsidiary.
Sierra Metals updated its mineral resources estimate at the company's Cusi mine located in Chihuahua. Total measured and indicated resources increased 18 percent to 5,356,000 tons. Total inferred resources increased 200 percent to 4,893,000 tons. Total metal contained in measured, indicated and inferred resources amounted to 65.86Moz of AgEq.
Santacruz Silver Mining announced that total consolidated production for the month of October 2020 reached 394,160oz AgEq at the Zimapan and Rosario mines in Mexico. “We expect continued improvements and anticipate a solid increase in production for 4Q20,” Carlos Silva, CEO, stated.
Endeavour Silver announced that exploration drilling continues to cross the high grade gold and silver mineralization at the Santa Cruz vein on the El Curso property at the Guanacevi mine in Durango.
For the 13th year in a row, Newmont is featured on the Dow Jones Sustainability World Index. Newmont was named top global gold mining company on the Dow Jones Sustainability World Index for its leading environmental, social and governance performance, reported Kitco News.
Golden Minerals reported it has received final environmental permits for its Rodeo gold-silver project located in Durango. The company is presently on track to begin gold production in January 2021, which will mark the transition of Golden Minerals to gold producer from exploration company.