riverside
News Article
Riverside Resources has entered into a definitive option agreement with Hochschild. The Los Cuarentas gold-silver project will move ahead immediately.
riverside resources
View from the Top
John-Mark Staude
CEO
Riverside Resources
Discovery is one of Riverside's success standards. To do it, it partners with BHP and other JV efforts plus its sole-funded work.
john-mark
View from the Top
John-Mark Staude
President, CEO and Director
Riverside Resources
Riverside is a well-funded, value-driven exploration company advancing a strong portfolio of gold, silver and copper properties
What are the Main Challenges for Mining Exploration in Mexico
Roundtable
Octavio Alvídrez
Octavio Alvídrez
CEO of Fresnillo

Security can be an issue in certain isolated areas within the country and even though we have an interesting project in Guerrero we have not been able to deploy exploration in the area due to these issues. We have tried a couple of times to start exploring it but unfortunately, we have experienced safety problems and have removed our people from the area. Thanks to our large project portfolio we can pause our efforts in this area and direct them toward less challenging regions. We hope that the area will be at a more stable stage in the future. The growing presence of the mining industry has the potential to change the reality of the state as it will bring economic growth and quality jobs. This will help lower violence and crime rates and will establish a more efficient context for mining.

As a Top 10 producer of several minerals, including silver, gold and copper, Mexico is among the leading mining jurisdictions in the world.
John-Mark Staude
Insight
John-Mark Staude
President and CEO
Riverside Resources
“We are hopeful about the new government and its ability to bring fresh opportunities and shine a spotlight on the sector’s potential”
rob-mcewen
Roundtable
Rob Mcewen
Chief Founder
McEwen Mining

Our approach is opportunistic. We like to buy assets that are unloved by the market. While a distress asset purchase will guarantee more work, the low purchase price limits the downside price and offer good upside potential. For example, our recently acquired Black Fox complex was originally purchased by Primero Mining in 2014 for US$300 million along with the assumption of US$140 million in liabilities. Then they invested US$120 million bringing their total investment to US$560 million. We bought it for US$35 million, which was equivalent to paying 6 cents for every dollar they invested. It came with over 1 million ounces in resources, annual production of 40-50,000 ounces of gold however with a short mine life, an operating mill with excess capacity, numerous exploration targets and a US$190 million-dollar tax pool, which means we can shelter US$190 million of future profits.

Mexico Mining Review asked those that came out swinging after the downturn what they look for in their ideal mining project.
Early stage exploration may have the highest risk but it also has the highest potential
Analysis
Out of some 1,000 prospects, on average only one will become a mine, according to CAMIMEX.
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