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The company reported that the increase in exploration investment reflects its plans for expansion and drilling in key projects such as Palmarejo.
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The corporation reported a total production of 2,372,170oz of silver and 5,609oz of gold.
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Although it was agreed globally that coal production should stop to be more environmentally friendly, more coal projects are being built globally.
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The company registered 17.8 million pounds of copper representing a 12 percent increase in comparison to 1Q22.
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Mining companies in Mexico are focused on increasing production due to rising metal prices.
Expert Contributor
Sergio Hernández
President and CEO
CIAL Dun & Bradstreet
https://www.linkedin.com/in/sergiohernandezprofile/
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https://www.cialdnb.com/
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The company's 2Q22 results show its excellence in operability, production and safety.
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Experts warned that as the gap between copper supply and demand widens, the global economy will worsen and climate goals will not be achieved.