Month: March 2019

Senado desecha iniciativa antiminera.- Mundo Minero

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http://www.mundominero.mx/notacompleta.php?id=5238

En noviembre pasado, la Senadora Angélica García (†) presentó una iniciativa que buscaba modificar la Ley Minera para crear nuevos impuestos e imponer una serie de causas para cancelar concesiones; propuesta que golpeó profundamente al sector y que finalmente ha sido desechada.

El anuncio derivó en que las mineras Grupo México e Industrias Peñoles, por citar a las principales afectadas, perdieran en conjunto 32,000 millones de pesos de valor en el mercado en un plazo de tres días. 

Entre los cambios propuestos figuraba facultar al Servicio Geológico Mexicano para que pudiera realizar estudios de impacto social; facultar a la Secretaría de Economía para que pudiera declarar zonas inviables de explotación o en conflicto por impacto social negativo, y en este marco cancelar concesiones; y obligar a los titulares de concesiones a destinar “un monto para el desarrollo humano y sustentable de las comunidades o localidades en las que realicen sus actividades de exploración y explotación”.

Si bien la iniciativa fue congelada a los pocos días de su presentación, no dejaba de ser una amenaza latente para el sector, mas hoy las Comisiones Unidas de Minería y Desarrollo Regional y de Estudios Legislativos han desechado y archivado como concluida dicha propuesta.

La instancia referida declaró: “En materia presupuestaria se encontró que la iniciativa es incompleta, ya que no se define el costo fiscal que implican tanto las nuevas funciones asignadas a la Secretaría de Economía y al Servicio Geológico Mexicano, así como las posibles cancelaciones mineras por el impacto de las medidas añadidas”.

De igual forma, las Comisiones Unidas señalan que la propuesta no establece procedimientos precisos para declarar zonas inviables o de conflicto por impacto social negativo, y añade que la NOM-120-SEMARNAT-2011 ya se encarga de los cuidados ambientales obligatorios, las mineras ya pagan impuestos adicionales destinados al Fondo Minero, y el SGM no cuenta con la capacidad técnica para realizar estudios de impacto social, entre otros puntos

Goldcorp and Newmont Announce Successful Early Tender Period for Exchange Offers and Consent Solicitations

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Goldcorp 29032019_nr

VANCOUVER, March 29, 2019 /CNW/ – Goldcorp Inc. (NYSE: GG, TSX: G) (“Goldcorp” or the “Company”) was informed by Newmont Mining Corporation (NYSE: NEM) (“Newmont”) today that, in connection with Newmont’s previously announced offers to exchange (each, an “Exchange Offer” and, collectively, the “Exchange Offers”) any and all outstanding notes issued by Goldcorp (the “Existing Goldcorp Notes”) for (1) up to $2,000,000,000 aggregate principal amount of new notes to be issued by Newmont (the “New Newmont Notes”) and (2) cash, and related consent solicitations (each, a “Consent Solicitation” and, collectively, the “Consent Solicitations”) to adopt certain proposed amendments to each of the indentures governing the Existing Goldcorp Notes (the “Existing Goldcorp Indentures Amendments”), Newmont has received tenders with respect to the aggregate principal amounts of Existing Goldcorp Notes set forth below, which constitute the requisite number of consents to adopt the Existing Goldcorp Indentures Amendments with respect to each of the three outstanding series of the Existing Goldcorp Notes that are subject to the Exchange Offers and the Consent Solicitations. Goldcorp intends to enter into a supplemental indenture with the trustee for the Existing Goldcorp Notes to implement the Existing Goldcorp Indentures Amendments (the “Supplemental Indenture”) on or prior to the settlement date of the Exchange Offers and the Consent Solicitations.

First Majestic Updates 2018 Mineral Reserve and Resource Estimates

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2019-03-29

VANCOUVER, British Columbia, March 29, 2019 (GLOBE NEWSWIRE) — FIRST MAJESTIC SILVER CORP. (the “Company” or “First Majestic”) is pleased to announce its 2018 Mineral Reserve and Resource estimates for its existing mineral property assets in Mexico with an effective date of December 31, 2018. The Company completed a total of 211,695 metres of diamond drilling at its operating mines in 2018, representing a 35% increase in metres drilled compared to the prior year.

Silver Spruce Identifies Additional Drill Targets at Pino de Plata

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SilverSpruce_29032019_nr

BRIDGEWATER, NS / ACCESSWIRE / March 28, 2019 / Silver Spruce Resources Inc. (“Silver Spruce” or the “Company”) (TSX-V: SSE) (Frankfort: S6Q1) is pleased to announce that its exploration team has identified additional areas for further field investigation as potential drill targets for its upcoming program at the Pino de Plata project in western Chihuahua State, Mexico.

Fortuna files updated technical reports on its San Jose and Caylloma mines

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FortunaSilver_29032019_nr

VANCOUVER, British Columbia, March 28, 2019 (GLOBE NEWSWIRE) — Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) reports that the Company has filed today updated technical reports on its San Jose Mine and Caylloma Mine dated effective February 22, 2019 and March 8, 2019, respectively.  The technical reports are available on the Company’s website, on SEDAR, and on the SEC’s website.

Sierra Metals Reports 2018 Consolidated Financial Results Including $90.1 Million of Operating Cash Flows before Movements in Working Capital Conference Call March 29, 2019 at 10:30 Am (EDT)

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SierraMetals_29032019_nr

Sierra Metals Inc. (TSX:SMT)(BVL:SMT)(NYSE American:SMTS) (“Sierra Metals” or the “Company”) today reported revenue of $232.4 million and adjusted EBITDA of $89.8 million on throughput of 2,325,288 tonnes and metal production of 18.0 million silver equivalent ounces, 95.2 million copper equivalent pounds, and 215.1 million zinc equivalent pounds for the year ended December 31, 2018.