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PEMEX Supplier Debts Top US$20 Billion: AMESPAC
By Fernando Mares - Tue, 08/25/2026 - 13:01
AMESPAC estimates PEMEX owes suppliers over US$20 billion, citing administrative COPADE bottlenecks despite official reports of debt cuts.
https://mexicobusiness.news/tag/operation
More Mining
Vizsla Silver Secures US$10 Million Financing From FIFOMI
By Fernando Mares - Fri, 05/29/2026 - 12:12
Vizsla Silver secured a US$10 million working capital facility from FIFOMI to advance its Panuco project in Sinaloa. This is the week in mining!
Silverco Mining Completes Acquisition of Nuevo Silver
By Fernando Mares - Fri, 05/22/2026 - 10:06
Silverco Mining has completed the acquisition of Nuevo Silver, taking ownership of the La Negra mine to become an active silver producer.
Former FIFOMI Head Joins Vizsla Silver
By Fernando Mares - Thu, 05/21/2026 - 13:35
Angel Gómez joins Vizsla Silver as Government Relations Vice President to navigate the Panuco project permitting. This is the week in mining!
Avino Revenue Surges 109% to Record US$39.4 Million in 1Q26
By Fernando Mares - Mon, 05/18/2026 - 09:26
Avino Silver & Gold Mines reported 1Q26 revenues of US$39.4 million, a 109% year-over-year increase.
Guanajuato Silver Reports 388,700t in Reserves at Bolañitos
By Fernando Mares - Wed, 05/06/2026 - 12:12
Guanajuato Silver filed a report for the Bolañitos mine, confirming 388,700t in reserves and 2.23Moz AgEq to lead its regional expansion.
Humans Empowered by AI Behind the Automated Mine: Honeywell
By Fernando Mares - Thu, 04/23/2026 - 13:14
Honeywell’s Fernando Romero argues Industry 4.0 sidelined humans, urging Industry 5.0 to put people back at the center of autonomous processes.
Avino Silver Posts Inaugural 127Moz AgEq Consolidated Reserves
By Fernando Mares - Wed, 04/22/2026 - 09:52
Avino Silver posted inaugural 127Moz AgEq reserves, converting 42% of resources. The company plans 30,000m of drilling for 2026 growth in Mexico.
Luca Mining Posts 103% Increase in 2025 Revenue
By Fernando Mares - Mon, 04/13/2026 - 11:29
Luca Mining reported a 103% revenue increase to US$176.8 million, and a debt reduction by 80% in 2025.
Venezuela Opens Mining to Private Firms Under New Reform
By Fernando Mares - Mon, 04/13/2026 - 11:16
Venezuela’s new mining law allows private and foreign firms to exploit minerals for at least 30 years and provides for international arbitration.
Sinaloa Authorities Confirm Death of Nine Vizsla Silver Employees
By Fernando Mares - Fri, 04/10/2026 - 11:55
Authorities identified nine of the 10 kidnapped Vizsla Silver workers, sparking indignation across the mining sector. This is the week in mining!