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Weekly Roundups

Sonoro Gold’s 2021 Lined Up for Success

By Alejandro Ehrenberg | Thu, 12/17/2020 - 12:28

The Week in Mining underscores milestones in Mexico’s industry. Sonoro Gold’s Cerro Caliche project marches onward, Equinox Gold will buy Premier Gold Mines and Capstone Mining signed a streaming agreement with Wheaton.

This and more in your weekly mining roundup!

 

Mexico

Equinox Gold will buy Premier Gold Mines. The latter company will spin out its Nevada assets in a new US-focused gold miner to be called i-80 Gold Corp, reported Mining.com. The deal is valued at US$480 million. Equinox Gold will acquire Premier’s Mercedes gold mine in Sonora.

Capstone Mining reached a streaming agreement with Wheaton Precious Metals. Wheaton agreed to pay US$150 million for 50 percent of Capstone’s silver production until 10 million oz have been delivered. Subsequently, Wheaton will receive 33 percent of silver production for the life of Capstone’s Cozamin mine in Zacatecas.

Sonoro Gold’s Cerro Caliche gold project in Sonora remains on schedule and on budget. The company’s fast-track program is establishing viability for production, while its exploration efforts are better defining and expanding the established gold mineralized zones. Results so far have supported an increase in the scope of the planned project, from a proposed pilot operation to a potentially full-scale mining operation starting as soon as December 2021.

GR Silver Mining reported drill results from its surface and underground core drilling program in the Plomosas mine area in Sinaloa.

Kootenay Silver announced it has entered a joint venture agreement with Aztec Minerals regarding the Cervantes porphyry gold-copper project in Sonora.

Americas Gold and Silver has asked the Canadian government to mediate in its conflict with the National Union of Mining Workers headed by Napoléon Gómez Urrutia. The conflict has blockaded the San Rafael mine since January.

International

Rio Tinto has made progress on its project in Mongolia, which is said to be one of the largest known copper and gold deposits in the world. “The definitive estimate details how the underground project will achieve sustainable production for Panel 0 by October 2022 for development capital of $6.75 billion,” reported Kitco News.

Interview

ECN is a Main Automation Contractor in the mining industry. The company facilitates early startups, among other solutions. The company’s Scientific Director, Álvaro Rendón, spoke with MBN about the stages a mining company must trasverse to reach full automation.

 

Alejandro Ehrenberg Alejandro Ehrenberg Journalist and Industry Analyst