In charts: Gold rally defies traditional headwinds
Bank of America expects the gold price rally to persist despite a challenging macro backdrop. Gold continues trading above $1,800 per ounce despite the respective 10-year interest rates and Dollar…
Mexico and Central America
First Quantum agrees to pay US$375M a year in royalties to Panama
First Quantum Minerals (TSX: FM) has reached a deal with Panama’s government to increase royalty payments at the giant Cobre Panama copper mine, the company’s flagship operation. The Canadian miner’s…
Equinox Gold meets guidance with 602,100 oz. in 2021
Equinox Gold (TSX: EQX; NYSE: EQX) produced a record amount of gold – 602,100 oz. – last year, easily meeting guidance and delivering 26% more ounces than in 2020. All-in…
Negotiations over Cobre Panama mine contract near end
Panama’s government said on January 5 that negotiations with the local unit of First Quantum (TSX: FM), aimed at obtaining more in royalty payments from the Canadian miner and improve…
Avino totals 137M oz. silver-equivalent at La Preciosa
The latest resource estimate for the La Preciosa silver project, which is being acquired by Avino Silver and Gold Mines (TSX: ASM; NYSE: ASM), totals 137 million oz. of silver-equivalent…
Update: Bear Creek Mining acquires Mercedes mine from Equinox
The company says the Mercedes acquisition will provide a source of funding for future construction of its Corani silver mine.
Orla pours first gold at Camino Rojo in Mexico
Orla Mining (TSX: OLA; NYSE: ORLA) has accomplished the first gold pour at its Camino Rojo gold-silver project in Mexico’s Zacatecas state. The first pour occurred on schedule on December…
GoGold’s Los Ricos North contains 87.8M oz. silver-equivalent
GoGold Resources (TSX: GGD; US-OTC: GLGDF) has released its initial resource estimate for the Los Ricos North silver project in Jalisco state, Mexico. The indicated resource contains 87.8 million oz….
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,…
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…