Highlights on the Fourth Week of December, 2018. Mining and Exploration News in Mexico


Quartz-sulfide stockwork in strongly sericitized andesitic rock in a project in Jalisco. Picture by Jorge Cirett

By Jorge Cirett

During the 52nd and last week of the year (December 24th to December 30th, 2018), at least 8 press releases were announced by companies working in Mexico. The recent announcement of mining concession liberties was cancelled. Silver Spruce, Gold Resource and First Majestic Silver announced news on financing. Camrova and Vangold are acquiring properties in other countries; Prize Mining made senior level personnel changes, while Defiance Silver and Valoro are to complete their merger. ON MEXICO ISSUES, the incoming liberty of over 800 mining concessions was cancelled. ON EXPLORATION, no relevant news. ON MINING, no relevant News. ON FINANCING, Silver Spruce, Gold Resource and First Majestic Silver announced news on financing. ON RESOURCES AND DEVELOPMENT, no relevant news.  ON DEALS AND CORPORATE ISSUES, Camrova and Vangold are acquiring properties in British Columbia and Guyana, respectively; Prize Mining made senior level personnel changes, while Defiance Silver and Valoro are to complete their merger at year end.

ON MEXICO ISSUES

  • The Mining Agency (Dirección General de Regulación Minera) published on the Federal Post (Diario Oficial de la Federación) that the previously announced liberty of over 800 mining concessions early in 2019 has been cancelled.

ON EXPLORATION

  • No Relevant News.  

ON MINING

  • No Relevant News.  

ON FINANCING

  • Silver Spruce Resources. extended the previously announced completion of its non-brokered private placement to January 23, 2019 (Pino de Plata, Chihuahua).
  • Gold Resources Corp. declared a monthly dividend per share for December 2018. The company has returned $111 M to its shareholders in monthly dividends since commercial production commenced in 2010 (El Aguila, Oaxaca).
  • First Majestic Silver Corp. entered into an equity distribution agreement with BMO Capital Markets Corp. that could amount to up to US$50 M (San Dimas, Durango; Santa Elena, Sonora).

ON RESOURCES AND DEVELOPMENT

  • No Relevant News.  

ON DEALS AND CORPORATE ISSUES

  • Camrova Resources Inc. entered into an option agreement to acquire a property in British Columbia (Boleo, Baja California Sur).
  • Vangold Mining Corp. signed a LOI to acquire a property in Guyana (San Carlos, Guanajuato).  
  • Prize Mining Corp. made several changes at senior level positions (Manto Negro, Coahuila).
  • Defiance Silver Corp. and Valoro Resources Inc. announced that their friendly merger will be completed on December 31, 2018 (San Acacio, Zacatecas; Tepal, Michoacan).

Content like what you have just read can be seen at https://gambusinoprospector.com/ and at LinkedIn’s Mexico Mineral Exploration Group.

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