gold bars
Analysis
2021 seems promising for gold. Miners should prioritize ESG topics as strongly as operative leanness.
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View from the Top
Rick Rule
President & CEO
Sprott US Holdings
Mexico's mining culture, human resources and prospectivity make it silly not to be bullish on the country over the next five to 10 years.
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Roundtable
Rick Rule
President and CEO
Sprott US Holdings

Private funding is very difficult to access for exploration, and the best source of private capital for exploration is probably from high-net-worth career mining explorers or from mining operators that are looking to outsource exploration. Mexico is fortunate in that it has five or six private individuals who are themselves eager participants in the Mexican exploration industry. This is something even the Mexican industry does not understand about itself. The fact that national investors are eager to fund these projects gives foreign investors like ourselves some confidence.

Mexico Mining Review asked industry leaders about the often-heard complaint that there is limited funding available and asked for their solutions.
rick-rule
View from the Top
Rick Rule
President and CEO
Sprott US Holdings
Sprott US Holdings is a holding company made up of three companies: Sprott Global Resource Investments, Sprott Asset Management USA and Resource…
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.
In the meantime, other base metals are on the rising. Cobalt and zinc are rising stars and Mexican producers such as Peñoles and Grupo México are…
Roundtable
Rick Rule
Rick Rule
President and CEO of Sprott US Holdings

Lithium is the flavor of the month at the moment for several reasons, the most important being that people have not yet lost money on it in a prior market downcycle. This means investors are generally unburdened by caution when it comes to this metal and there are no bad expectations. Another factor is that the world is not short of lithium. The reason for the upsurge is that demand for lithium increased so quickly that the producers of the metal could not increase their productive capacity fast enough to meet demand, and the speculators conflated the price increase in lithium with a shortage of lithium. There is no shortage of lithium, rather a shortage of lithium processing capability, and the industry is working very hard to increase productive capacity, which will fix this problem.

When it comes to the trendiest base metals, lithium is king.
For large fixed contracts, Industrial Minerals reported an annual average US lithium carbonate price of $13,900 per metric ton in 2017
Analysis
Lithium was first discovered as a chemical element in 1817 and has since been put to various uses. Infamously, it was used to treat so-called urate…
Having another source of high-grade cobalt is important, so we are really excited about the advantages of mining cobalt in Mexico.
Analysis
As world-class deposits become harder to find and end users increasingly demand ethically-sourced products, both governments and the private sector…
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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.
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