Top Player Emerges in Sinaloa’s Rosario Mining District

On Tuesday, March 31, 2020, Marcio Fonseca, President and CEO of GR Mining Ltd, led a live webinar where he explained how the company’s recent acquisition of First Majestic’s Plomosas silver-gold project is transforming GR Mining into the dominant player in the Rosario Mining District in the state of Sinaloa. As a result of the purchase, the Canadian player now controls not only the San Marcial Silver Project Resource but also the Plomosas Silver Project, which contains the historical Plomosas silver underground mine and over 500 drill holes on six un-mined areas. Together, Plomosas and San Marcial represent a geological setting resembling the multimillion-ounce San Dimas Mining District. GR Mining’s steps are leading to opportunities for additional silver-gold resource expansion in 2020.

Following the webinar’s presentation, Fonseca participated in a dialogue with Mexico Business News. It is well-known that one of the risks of operating in the highlands of Sinaloa is security issues. Fonseca acknowledged the risk, adding that his team is seasoned and well-prepared to deal with these issues. “The people at the helm of the San Marcial and Plomosas projects have over 15 years of experience working in Mexico,” he said. Fonseca explained that although the area can be dangerous, the company constantly monitors all organizations active there. The local, state and federal governments support GR Mining’s project and provide support to guarantee that work is undertaken with no interruptions. Fonseca concluded by saying that due to the company’s strong government and community relations and to its constant monitoring, there have been no security issues to date.

Regarding GR Mining’s community engagement programs, Fonseca said that they hinge upon nurturing strong relations with the local ejidos. The company makes a point of employing local talent. Fonseca highlighted that GR Mining has reached land access agreements with all of the relevant ejidos. Fulfilling this condition is one of the major requirements for bringing a mining project to fruition in Mexico. Furthermore, the company holds periodical meetings with community leaders to listen to their needs and find out how they can be addressed by the company’s community engagement policy.