Renewables adoption speed still too slow to limit climate crisis — IEA
Growth in renewable energy is set to hit an all-time record this year, but is still falling “well short” of what is necessary to reach net zero emissions by 2050,…
Mexico and Central America
Report: Large gold miners contributed US$38B in GDP to local economies in 2020
Large scale gold miners make a big contribution to local economies, with a research report released by the World Gold Council today putting some numbers to that contribution. According to the report, The Social and Economic…
UPDATED: Capstone Mining, Mantos Copper to merge
Canada’s Capstone Mining (TSX: CS) and Chile-focused Mantos Copper, run by British investment firm Audley Capital Advisors and Orion Mine Finance, are merging to form a new copper producer called Capstone Copper….
Pan American Silver cuts guidance on labour shortages, higher costs
Pan American Silver (TSX: PAAS; NASDAQ: PAAS) has lowered its silver and gold production targets for the second time this year as costs related to ventilation upgrades at its La…
Minera Alamos pours first gold at Santana mine in Mexico
Minera Alamos (TSXV: MAI) has poured its first gold at its 100%-owned Santana mine in Sonora, Mexico, five months after beginning mining operations. The Vancouver-based company said the gold was…
Sherritt plans to expand Cuban nickel mine
Sherritt International (TSX: S) is making plans to expand production and lengthen the life of the Moa nickel-cobalt mine in Cuba. Moa is a joint venture of Sherritt (50%) and…
Agnico Eagle exploration spending to hit record US$163M in 2021
Agnico Eagle Mines (TSX: AEM; NYSE: AEM) is on track to set a record with its 2021 exploration spending. This year’s budget is now US$163 million, compared to US$113 million…
Updated: Calibre Mining to acquire Fiore Gold
In another sign that it’s not just large mining companies looking at M&A deals, Calibre Mining (TSX: CXB; US-OTC: CXBMF) is buying fellow Canadian miner Fiore Gold (TSXV: F; US-OTC:…
Barrick Gold says mining at Pueblo Viejo would end without TSF
Barrick Gold (TSX: ABX; NYSE: GOLD), the world’s second-largest producer of the precious metal, warns that mining at its Pueblo Viejo operation in the Dominican Republic could finish this year if a new tailings storage facility…
Agnico Eagle and Kirkland Lake Gold merger likely the last major deal in Canada
The mega-merger of Agnico Eagle Mines (TSX: AEM; NYSE: AEM) and Kirkland Lake Gold (TSX: KL; NYSE: KL; ASX: KLA) unveiled to the market on September 28 “makes a lot…
GoGold Resources releases assays from new drilling program in Mexico
Halifax-based GoGold Resources (TSX: GGD) has released results for the initial holes drilled at its Mololoa target, part of the company’s Los Ricos North exploration project in Mexico’s Jalisco state,…
Peru minister says US$1.4B Tia Maria mine a “no go”
Peru’s economy and finance minister has cast further doubt about Southern Copper’s (NYSE: SCCO) long-delayed US$1.4 billion Tia Maria project by saying he believed the proposed mine in the southern Islay…