magna gold
View from the Top
Arturo Bonillas
President and CEO
Magna Gold Corp
The company is carrying out drilling in and around its two operating open pits and expects to add at least 250,000oz by year’s end.
MONEY COLLECTED BY THE MINING FUND
Analysis
Three years ago, the creation of the Mining Trust Fund sent shockwaves throughout the industry
Octavio Alvídrez
Roundtable
Octavio Alvídrez
CEO
Fresnillo

Fresnillo’s La Herradura mine was the most productive gold asset in the country with 520,400 ounces of output in 2016, helping to make Fresnillo the largest gold producer in Mexico last year. Gold has always held an important position in our portfolio and we have bullish views about this commodity’s future. When we listed on the London Stock Exchange in 2008, our growth plan was to double silver production to 65 million ounces and double gold production to 250,000 ounces of gold by 2018. We are now aiming to produce 1 million ounces of gold in 2018 – 300 percent more than we had initially targeted – so that reflects the vital role that this commodity has to play for the company.

Mexico’s gold miners need to fill their respective production pipelines with strong assets to ensure the country’s place in the top 10.
Arturo Bonillas
View from the Top
Arturo Bonillas
President and Director
Timmins Gold
Timmins Gold is a Canadian gold mining company engaged in exploration, development and production in Mexico.
GOLD PRODUCTION BY STATE 2016
Analysis
With global financial markets still plagued by uncertainty in 2017, investors are increasingly bullish on gold’s long-term prospects.
analysis
Analysis
As the global mining community prepares for what many predict to be the sector’s best year since 2011, Canada is busy cementing its long-held role
James
Roundtable
James McDonald
James McDonald
President and CEO
Kootenay Silver

Delays with the government releasing concessions mean there are huge swathes of the country that are not being tested or utilized and because claim applications are not being granted, the government is missing out on taxes for these concessions. Out of 2,000 showings, only one becomes a mine so drilling and testing is absolutely essential to advance the creation of mines. This has a huge trickle-down impact because without access to this land, no exploration can be carried out, no new discoveries can be made and ultimately, no new mines can come into production. This impacts not only the mining sector but the economy as a whole due to the industry’s role as an employment creator, revenue generator and huge contributor to the country’s GDP.

The mining slump caused many operators to prioritize cost reduction over exploration.
mmf 2015
News Article
Mexico Mining Forum 2015: Strategies on Capital Prudence, Cost Discipline and Non-Core Asset panel highlights
Arturo Bonillas
View from the Top
Arturo Bonillas
President and Director
Timmins Gold Corp
The most important ingredient is our team, which is mostly Mexican.
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