The Mining and Exploration News in Mexico: Highlights on the First Week of February, 2019

By Jorge Cirett

During the 6th week of the year (February 4th to February 10th, 2019), at least 12 press releases were announced by companies working in Mexico. ON MEXICO ISSUES, The head of the Sub Secretariat of Mining, Francisco Quiroga, elaborated on some of the backlogs its office faces. ON EXPLORATION, In Sonora, Aloro completed an RC drilling campaign at Los Venados. In Chihuahua, Sable is drilling the Margarita project, and preparing for the exploration of the Manzana II concessions. In Durango, Gainey reported first-pass sampling results on the Las Margarita project. ON MINING, USAC informed on its activities at its Mexican operations. GoGold reported on income for the last quarter of 2018. ON FINANCING, Kootenay and Palamina announced non-brokered private placements or amendments of placements for $2.5 and $2.2 M. ON RESOURCES AND DEVELOPMENT, Goldplay completed a new resource estimation at its San Marcial project in Sinaloa. Mexican Gold engaged a contractor to update the resource estimate at its Las Minas project in Veracruz. ON DEALS AND CORPORATE ISSUES, No relevant news.


  • The Mining Sub Secretariat head, Francisco Quiroga, informed the Mexican government is reviewing five thousand concessions in process of cancellation, as well as another five thousand in process of liberation, acknowledging a big and growing backlog.


  • Sable Resources Ltd. completed a leach test on core from the first phase drilling at its Margarita project in Chihuahua. The purpose was to investigate the response of three samples (684, 341, 149 gpt Ag) to silver leaching with cyanide in a bottle roll test. The two higher grade samples had a recovery of 70 and 71 percent Ag after 48 hours, while the lower grade sample had a recovery of 37 percent on the same time lapse. The second stage drilling at Margarita initiated in January, consisting of a minimum of 19 holes for a total of 3000 m, to test extensions and infill of the Margarita vein and the Marie, Juliana, Fabiana and El Caido veins. Six holes have been completed, with a best vein intercept of 12.4 m starting at 30.9 m. Sable received title for the Manzana II application, reducing the size to 39,396 hectares in 11 concessions. Vinata is a drill-ready low-intermediate sulfidation project within these concessions, in which a series of quartz veins outcrop along a strike length of about 1,150 m in volcanic rocks. “The system consists of multiple sub-parallel veins and stockwork zones over a width of between 15m and 170m. Individual veins vary in width from <1m up to about 12 m><1 m up to about 12 m”.
  • Aloro Mining Corp. completed 12 RC holes for a total of 1,747 m at its Los Venados project in Sonora. The drill program was designed to test a felsic dome complex NW of the Estrella pit, at the Mulatos mine. The thickest intercept of mineralization was 18 m @ 0.2 gpt Au. Other relevant intervals comprise 3.05 m @ 1.45 gpt, 4.57 m @ 1.72 gpt. The style of mineralization of one of the holes, like the coarse vuggy nature with crystalline quartz, octahedral pyrite, and tetrahedrite is deemed as very significant, and resembling the high-grade part of the nearby Mulatos deposit.
  • Gainey Capital Corp. reported first-pass sampling on its newly optioned Las Margarita project in Durango confirmed a 1,500-1600 m strike length for the main vein system. Preliminary work consisting of 42 samples resulted in 21 with over 1 gpt, with 11 of those assaying more than 5 gpt Au, peaking at 40.0 gpt Au.


  • United States Antimony Corp. has dismantled and trucked equipment from its Reynosa pant (Tamaulipas) to other USAC operations in Mexico and the United States. A lot of equipment, tools and materials were transported to the Madero smelter in Coahuila. The Madero plant received seven truckloads of Wadley (San Luis Potosi) direct shipping ore with a total of 128 K pounds of contained Sb. The assembly of the cyanide leach plant at the Puerto Blanco mill in Guanajuato is progressing. “Production from the caustic leach plant at Madero to process the flotation concentrates has resulted in close to a 100% recovery of the gold and silver”. Estimated Sb production for January is 156.6 K Lb antimony.
  • GoGold Resources Inc. reported a net income of $8.2 M for the last quarter of 2018. The previously announced sale of the 2% net smelter royalty was closed. “The closing of the sale of the royalty concludes the Corporation’s involvement with the Santa Gertrudis project which was initially acquired in 2014. Net consideration on the sale of assets associated with the Santa Gertrudis project was $88.6 million, less costs of $24.5 million resulting in a pre-tax gain of $64.1 million over the life of the project”. GoGold produced 325.1 K Oz AgEq.


  • Kootenay Silver Inc. Announced a non-brokered private placement to raise gross proceeds of up to $2.5 M.  (La Cigarra, Chihuahua).
  • Palamina Corp. amended its non-brokered private placement, to allow for the raising of up to $2.2 M (Santuario, Hidalgo).  


  • Goldplay Exploration Ltd. announced the completion of a NI-43-101 mineral resource estimate for the San Marcial project in Sinaloa. “The Mineral Resource consists of 36 million ounces (“Moz”) of silver equivalent (“AgEq”)2 at an average grade of 147 grams per tonne (“gpt”) AgEq in the Indicated category and an additional 11 Moz AgEq at an average grade of 99 gpt AgEq in the Inferred category…”. Highlighted points include: a) A shallow, high-grade Ag core zone, up to 40 m in thickness. It represents 3.0 million tonnes at an average grade of 239 gpt AgEq, 200 gpt Ag, equivalent to 23 M Oz AgEq and 19 M Oz Ag, respectively. B) 98% of the 36 M Oz AgEq Indicated Resource is potentially mineable by open pit. C) . Both the Breccia and surrounding Stockwork Zones outcrop at surface.
  • Mexican Gold Corp. informed the engagement of Mine Development Associates to provide and updated 43-101 resource on Mexican Gold’s Las Minas project in Veracruz. Since the initial resource in 2017, the company has drilled 6,454 m in 39 holes. “Additionally, higher grade mineralization was encountered in the late 2017 and early 2018 drilling in the El Dorado Dike contact zone. For example, drill hole LM-17-ED-40 encountered 38 metres grading 5.39 g/t Au, 17.1 g/t Ag and 2.20% Cu, while drill hole LM-18-ED-49 intercepted 38 metres of 4.51 g/t Au, 16.2 g/t Ag and 3.33% Cu.”.


  • No Relevant News.

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

On the image above, Strongly argillitized, weakly silicified ignimbrite with quartz-sulfide veinlets, in a project in Jalisco. Picture by Jorge Cirett.

Economía revisará 5,000 concesiones mineras en busca de anomalías

Roberto Morales 07 de febrero de 2019, 01:00

Algunas cancelaciones han sido solicitadas por activistas y ambientalistas; hay más de 20,000 trámites pendientes (liberación de terrenos, revisiones, entre otros), dijo el subsecretario de Minería, Francisco Quiroga.

El gobierno mexicano revisa posibles anomalías en más de 5,000 concesiones mineras que tienen trámites de cancelación, informó este miércoles el subsecretario de Minería, Francisco Quiroga.

En el Registro Público de Minería hay 25,221 títulos vigentes de concesión minera, que amparan 20 millones 970,000 hectáreas.

“Tenemos miles de trámites de cancelación pendientes, los estamos revisando para asegurarnos que se hicieron de manera correcta y que no se afectan los derechos de ninguna de las partes, más de 5,000”, dijo Quiroga a periodistas, en el México Mining Forum 2019, celebrado en la Ciudad de México.

Algunas cancelaciones de concesiones han sido solicitadas por activistas y ambientalistas.

“Tenemos más de 20,000 trámites pendientes de los cuales más de 5,000 son de liberación de terrenos, más de 5,000 son cancelaciones; tenemos que asegurarnos que esto se hace de la manera correcta para no afectar derechos, para no generar mayor incertidumbre y también para no generarnos mayores trámites”, añadió Quiroga.

El resto de los trámites corresponden supervisiones y revisiones de obligaciones, entre otros. “Tenemos un rezago grande y creciente”, dijo el funcionario.

Para operar una unidad minera se requiere el respaldo de las comunidades establecidas en la zona y, para ello, es primordial llevar a cabo una consulta. “Ése es uno de los medios para buscar conjunción de voluntades”, comentó.

En noviembre pasado, el grupo parlamentario del partido Movimiento Regeneración Nacional (Morena) en la Cámara de Senadores propuso un paquete de reformas a la Ley Minera que incluye, entre otros aspectos, la cancelación de concesiones.

De aprobarse la iniciativa correspondiente, el Servicio Geológico Mexicano podrá realizar estudios de impacto social respecto a las áreas objeto de concesión y asignación mineras, y la Secretaría de Economía declarar zonas inviables de explotación o en conflicto por impacto social negativo, en cuyo caso procedería la cancelación de concesiones y asignaciones. Los cambios buscan garantizar que toda concesión, asignación o zona que se incorpore a reservas mineras atienda los principios de sostenibilidad y respeto de los derechos humanos de las comunidades y pueblos de las regiones en los que se pretendan desarrollar.

Adicionalmente, obligaría a los titulares de concesiones mineras a que destinen un monto para el desarrollo humano y sustentable de las comunidades o localidades en las que realicen sus actividades de exploración y explotación.

El mes pesado, el senador Napoleón Gómez Urrutia, quien encabeza el mayor sindicato minero del país, dijo a Reuters que impulsará una regulación más estricta para las nuevas concesiones en la industria, así como menos restricciones para cancelar permisos de exploración y explotación. La industria minera de México es un importante generador de ingresos, que aporta 8.3% al Producto Interno Bruto (PIB) industrial y 2.5% al PIB nacional. Brinda soporte a más de 370,000 empleos directos y más de 1.7 millones de empleos indirectos.

La lista de grandes empresas mineras de propiedad mexicana incluye a Peñoles, Minera Frisco, Grupo México, Peña Colorada y Mexicana de Cobre. Otras importantes empresas contratistas y proveedores de servicios de propiedad mexicana incluyen a Signum, Cominvi, Alfil y GDI.

Mineras caen en bolsa

Luego del anuncio, las acciones de las empresas del sector minero reaccionaron negativamente al presentar una caída promedio de 1.02% y una pérdida en valor de mercado de 6,843 millones de pesos.

La empresa Grupo México fue la emisora que registró el mayor retroceso, tras presentar sus títulos una contracción de 1.71%, lo cual equivale a una pérdida de valor de mercado de alrededor de 6,151 millones de pesos, al pasar de 353,205 millones a 359,356 millones de pesos.

La minera regiomontana Autlán resultó la segunda con mayor retroceso en sus papeles, al mostrar un ajuste a la baja de 0.70%, y con ello se observó una disminución de 25 millones de pesos en valor de mercado, para ubicarse en 3,480 millones de pesos.

La empresa productora de oro y plata Grupo Peñoles también salió afectada, pero en menor medida, donde sus papeles registraron una disminución de 0.66%, originando una pérdida en su valor capitalización de 667 millones de pesos.  (Con información de Ricardo Jiménez)

Producirá 5.2 millones de onzas

México construye mina de plata de clase mundial

México construye un mina de plata, plomo y zinc con recursos de clase mundial (rentabilidad minera de largo plazo), la cual tendrá una producción anual de 5.2 millones de onzas de plata, lo que la ubicaría como la décima mayor mina de este metal precioso en el país.

Actualmente Sunshine Silver Mine y Dowa Holdings Co Ltd Japan construyen la mina, llamada Los Gatos, en el municipio de Satevó, en Chihuahua, con una inversión de 316 millones de dólares. La mina tendrá asimismo una capacidad de producción anual de 50 millones de libras de zinc (se colocaría como la cuarta más grande de este mineral en México) y 37 millones de libras de plomo (sería la segunda más grande en el país).

Esas posiciones son relativas, dado que consideran la clasificación de las principales minas de México en el 2017.

La construcción de Los Gatos comenzó a mediados de octubre del 2017, su puesta en marcha está prevista para finales del 2019 y, hasta septiembre del 2018, el efectivo gastado era de 135 millones de dólares.

El proyecto emplea actualmente a más de 1,000 personas, el contratista EPCM (Ingeniería, Adquisiciones, Construcción y Gestión) es M3 Ingeniería, el contratista de desarrollo minero es Cementación y la producción prevista del proyecto alcanza 2,500 ton/día.

De acuerdo con la Cámara Minera de México, 70% del territorio de México tiene un potencial geológico sobresaliente para la minería, y este potencial hace de México el cuarto destino de Inversión Extranjera Directa (IED) más grande del mundo en el sector y el primer destino en América Latina. La mayor parte de la IED fue realizada por empresas de España, Alemania, Israel, Estados Unidos y Canadá, este último con el mayor stock general de inversiones mineras en el país.

Si bien la industria minera de México está dominada por compañías canadienses, hay un importante capital mexicano involucrado en algunas de las minas más importantes que producen plata, oro y otros metales importantes, además de minerales no metálicos.

Francisco Quiroga, subsecretario de Minería de la Secretaría de Economía, dijo que el nuevo gobierno tendrá un enfoque más colaborativo y de transparencia entre las autoridades, las empresas, las comunidades, los políticos, los gremios y los sindicatos. En el México Mining Forum 2019, también dijo que la Secretaría de Economía operará una ventanilla única para realizar todos los trámites del sector.

The Mining and Exploration News in Mexico: Highlights on the Fourth Week of January, 2019

Monzonite porphyry dike intrusive contact with andesitic tuff -note the flow banding- on a project in Jalisco. Picture by Jorge Cirett.

By Jorge Cirett

During the 4th week of the year (January 21st to January 27th, 2019), at least 20 press releases were announced by companies working in Mexico. ON MEXICO ISSUES, CAMIMEX expressed it is in contact with diverse actors of the public administration to consolidate the international competitivity of the mining industry. ON EXPLORATION, In Chihuahua, Radius Gold staked the 9,600 ha. Rambler project, covering a 9 km trend of epithermal mineralization. In Sinaloa, Kootenay Silver released interesting surface sample results from its Copalito project. In Durango, Orex is to perform a VTEM airborne survey on the San Luis Del Cordero property. In Hidalgo, Prospero Silver initiated drilling at the Pachuca SE project, with funding by Fortuna Silver. ON MINING, Pan American, Argonaut, Gold Resource, Fresnillo, Sierra Metals and Americas Silver presented Q4 and full year 2018 production results (by the way, anyone has heard from Frisco on this regard?). Endeavour presented its 2019 production guidance. ON FINANCING, Premier Gold signed a credit agreement with Investec Bank as administrative agent for the lenders for a US$50 M credit facility. ON RESOURCES AND DEVELOPMENT, Endeavour updated its reserve and resource base, for a consolidated grand total of 132 M Oz Ag, 1.042 M Oz Au. Premier Gold presented high-grade intercepts from drilling at Mercedes, Sonora, where over 40,000 m of drilling were completed in 2018. Leagold is to produce 200-220 K Oz Au in 2019 at Los Filos, Guerrero. Azure Minerals presented a favorable scoping study for its Oposura project in Sonora. Impact Silver is defining extensions on veins at its Zacualpan property in Estado de Mexico. Excellon released high-grade results from surface exploration at its Platosa mine in Durango. Capstone filed on Sedar a technical report for Cozamin, Zacatecas. ON DEALS AND CORPORATE ISSUES, Prospero Silver announced the signature of the option agreement with Fortuna Silver on the Pachuca SE project.


  • CAMIMEX (Cámara Minera de México), in a response to El Financiero, expressed that any modification to the mining regulations has to take into account the wellbeing of the communities and its environment. The organization, of which leading companies like Peñoles, Grupo México and Minera Frisco are members, considers mining is one of the most supervised sectors in the country, with a modern and robust regulatory frame, following international standards, although areas of opportunity can always be identified.  “We have approached diverse authorities on the public administration and found openness to solve any pending issues and consolidate the international competitivity that benefits the country development”.


  • Orex Minerals Inc. contracted Geotech Ltd. To perform a VTEM (Versatile Time Domain Electromagnetic) airborne survey over its San Luis del Cordero project in Durango. Old mine workings and mineralized showings wrap around a Tertiary quartz-feldspar-porphyry intrusive. The helicopter-borne survey, with accompanying horizontal gradiometer and radiometric surveys, is to identify discrete conductive anomalies, as well as mapping lateral and vertical variations in resistivity. The airborne survey will be conducted over a grid at 100 m line-spacing for approximately 275 line-km, with measurements every 2-3 m along survey lines.
  • Prospero Silver Corp. has started phase 2 drilling at its Pachuca Se project in Hidalgo. Fortuna Silver Mines Inc. has an option to acquire up to a 70% interest in the 6,699 hectares project (24 km SE from Pachuca) by spending a total of US$8 M and completing a preliminary economic assessment (PEA), spending more than US$1 M in the first year. A six-hole, 4,200 m program started to test a number of potential drill targets. In a Fortuna funded program in early 2018, 1,800 m of drilling tested three distinct targets, intercepting what is interpreted to be the upper parts of a mineralized epithermal system.
  • Radius Gold Inc. staked a 9,600 ha property called the Rambler project, in Chihuahua, some 20 km NW from Radius’s Amalia project. Regional prospecting discovered epithermal mineralization in veins, vein breccias and disseminated zones over a 9 km trend, where samples with up to 16.5 gpt Au, 2,030 gpt Ag, 3.8% Cu, 13.9% Zn, 3.4% Pb were collected. Saucito is the main target area, where a 500 x 70 m stockwork returned an average of 177 gpt Ag on 31 samples. Other target areas with interesting rock chip sample results include La Machomera (up to 7.3 gpt Au, 469 gpt Ag), La India (up to 10.3 gpt Au, 16 gpt Ag), El Gringo (4.8 gpt Au, 3.8% Cu).
  • Kootenay Silver Inc. released results from surface sampling and mapping at the Copalito Ag-Au project in Sinaloa, same that covers an epithermal system with numerous veins 0.5-15 m in width and up to 2 km in strike length. Sampling Highlights include 7.2 Gpt Au, 3,770 gpt Ag at the 5 Señores and Agua veins respectively; 8.2 gpt Au, 583 gpt Ag across 1.1 m on the 5 Señores vein; 401 gpt Ag across 5.3 m on 5 Señores vein; 532 gpt Ag over 3.0 m and 306 gpt Ag over 4.9 m across the Agua vein; 17.4% Zn, 9.9% Pb, 0.52 gpt Au, 76 gpt Ag on a grab sample at Pillar vein and 5.1%, 1.6% and 1.5 Cu along the Cobriza vein. Of 117 rock samples collected, 29 returned silver grades over 90 gpt, including 11 over 300 gpt and 6 over 500 gpt.


  • Pan American Silver Corp. announced preliminary operating results for the fourth quarter and full year 2018, including information from its operations in Mexico. At La Colorada in Zacatecas, 7.6 M Oz Ag, 4,400 Oz Au were produced during the year, at cash cost $2.02 per Ag Oz, whereas at Dolores in Chihuahua, 4.1 M Oz Ag and 136,600 Oz Au were produced at cash cost ($1.87) per Ag Oz. Pan American is planning to sustain 2,000 tonnes per day  (tpd) throughput at La Colorada during 2019, and continue to explore and define the potential of the “significant skarn deposit discovered in 2018”.  At Dolores the company plans to ramp-up underground production rates to 1,500 tpd and sustain the 20 K tpd throughput rate to the heap leach from the pit.
  • Argonaut Gold Inc. informed on Q4 production and yearly results for 2018, including numbers from its Mexican operations. At El Castillo Complex, in Durango, 37,977 GEOs (Gold equivalent ounces) were produced during the quarter, 18,984 from El Castillo mine and 18,993 from the San Agustin mine. At La Colorada, in Sonora, 13,681 Oz Au were produced during the same period. For the year, El Castillo Complex produced 117,126 GEOs and La Colorada 47,991 GEOs. Argonaut plans to invest $50-$60 M in capital expenditures during 2019, with $15 M allocated to the expansion of crushing and leaching facilities at San Agustin to increase the rate of production from 20K tpd to 30 K tpd.
  • Gold Resource Corp. reported 2018 year-end and fourth quarter production results from their El Aguila mining operations in Oaxaca. During the year Gold Resource produced 26,838 Oz Au, 1.67 M Oz Ag, 1,652 tonnes Cu, 7,280 tonnes Pb and 19,808 tonnes Zn. During the fourth quarter 7,974 Oz Au and 330.6 K Oz Ag were produced.
  • Fresnillo PLC. released 4Q and full year 2018 results, with a consolidated production of 61.8 M Oz Ag and 923 K Oz Au for the year and 15.5 M Oz Ag, 232 K Oz Au for the quarter. Lead (53,181 tonnes) and Zinc (88,520 tonnes) production amounted to 19.9 M Oz AgEq. “The cumulative drilling for the year at our operating mines and exploration projects was 579,000 and 346,000 metres respectively. Resources and reserves (in the case of the operating mines) are presently in audit by SRK and the results of which will be disclosed in the first quarter of 2019 with our Preliminary results. Resources were increased at the Guanajuato and San Juan projects, while mapping identified new targets at the Fresnillo and Herradura districts, and a geophysical survey detected areas for follow up in the San Julián district. Further to this, and for the first time in the Company’s history, drilling began in Chile. Exploration teams are working out of the Hermosillo, Chihuahua, Zacatecas, Toluca, Lima-Peru and Santiago de Chile offices in selected areas of favorable silver-gold belts in Mexico, Peru, Chile and Argentina”. (Note from editor: the mining community is waiting for Frisco to produce reports like this one).
  • Endeavour Silver Corp. announced its consolidated silver and gold production guidance for 2019, to be 4.4-5.2 M Oz Ag, 46.2-52.2 K Oz Au, or 8.1-9.4 M Oz AgEq. “Cash costs, net of gold by-product credits, are expected to be $8.50-$9.50 per oz of silver produced in 2019. Consolidated cash costs on a co-product basis are anticipated to be $11.50-$12.50 per oz silver and $900-$1,000 per oz gold”. The final dumps and tailings permit at Terronera is needed to make a development decision. The company plans to drill 24,500 m during 2019 in Guanaceví, Bolañitos, El Cubo, El Compas, Terronera, Parral and Guadalupe y Calvo.
  • Sierra Metals Inc. Disclosed Q4 and full year 2018 results, including figures from its Mexican operations. The Bolivar mine in Chihuahua processed (at 2,948 tonnes per day, or tpd) in the year 1 M tonnes of ore @ 0.95% Cu, 18 gpt Ag, 0.17 gpt Au, with recoveries of 79.9% Cu, 77.1% Ag, 68.5% Au, to produce 17.23 M Lb Cu, 452 K Oz Ag, 3,968 Oz Au. For the quarter, 272.6 K tonnes were processed (3,116 tpd) @ 0.94% Cu, 15 gpt Ag, 0.15 gpt Au, to produce 4.23 M Lb Cu, 128 K Oz Ag, 1,163 Oz Au. At Cusi, also in Chihuahua, 186.9 K tonnes were processed (534 tpd) during the year at a grade of 140 gpt Ag, 0.16 gpt Au, 0.36% Pb, 0.40% Zn, recovering 83.1% Ag, 39.1% Au, 79.9% Pb, 4.3% Zn, to produce 700 K Oz Ag, 372 Oz Au, 1.19 M Lb Pb, 937 K Lb Zn. During the last quarter Cusi processed 58.3 K tonnes (666 tpd) @ 111 gpt Ag, 0.16 gpt Au, 0.41% Pb, 0.49% Zn, to produce 171 K Oz Ag, 124 Oz Au, 421 K Lb Pb, no Zn.
  • Americas Silver Corp. announced production and operating results for 2018, including figures from its Mexican operations. At Cosalá, in Sinaloa, 544.5 K tonnes were milled @ 47 gpt Ag, to produce 448.1 K Oz Ag, 34.22 M Lb Pb, 12.86 M Lb Zn, or 4.16 M Oz AgEq at cash cost ($37.95) and AISC ($19.69).


  • Premier Gold Mines Ltd. Announced the signing of a definitive credit agreement with Investec Bank PLC, as administrative agent for the lenders of a US$50 M secured term credit facility. Premier also announced financing arrangements with OMF Fund II SO Ltd. and Orion Mine Finance Fund II LP for aggregate gross proceeds of US$18.2 M. (Mercedes, Sonora).


  • Endeavour Silver Corp. updated its reserve and resource base for its mines and projects for 2018. Consolidated reserves and resources, including inferred resources for its seven units comprise 132 M Oz Ag and 1.042 M Oz Au, as displayed on the following table:
  • Premier Gold Mines Ltd. provided an update on its exploration programs, including information from its Mexican operations. At Mercedes in Sonora, positive exploration results include 18.3 m @ 38.3 gpt Au, 26 gpt Ag on the Aida vein, and 22.0 m @ 36.6 gpt Au, 171 gpt Ag at Rey de Oro. During the past year 280 brownfield and greenfield holes were completed representing 40,720 m of drilling.
  • Leagold Mining Corp. announced its intention to produce 200 K to 220 K Oz Au during 2019, at an AISC of $925 to $925-975 at Los Filos, in Guerrero. The proven and probable reserves at the property stand at 111.33 M tonnes @ 1.22 gpt Au, containing 4.363 M Oz Au, and 114 K Oz Au on the leach pad inventory.
  • Azure Minerals Ltd. Presented its quarterly report for the period ended on December 2018. The company highlighted the Scoping Study for the Oposura project in Sonora, with an EBITDA of A$237 M, pre-tax NPV of A$112 M, pre-tax IRR of 76%, average life of mine cash cost US$0.42 per Zn Lb and a pre-production CAPEX of A$69.9 M. At the Alacrán project in Sonora, Teck completed its Phase 2 drilling program comprising 10.537 m in 21 holes, with focus on testing porphyry copper potential at Cerro Alacrán, with assays pending. At Oso Negro, also in Sonora, sampling returned more high-grade mineralization, with the best sample returning 15.5 gpt Au, 1,935 gpt Ag, 5.9% Zn, 4.6% Pb. At Sara Alicia, also in Sonora, the company has been showing the property to potential partners or buyers.
  •  Impact Silver Corp. hired a consultant to define extensions to the vein systems on its Zacaualpan property in Estado de Mexico. Work to date has defined on strike extensions to the San Ramon silver vein system through geological work and soil sampling, and better characterizing the potential for bulk mineable ore in the Santa Teresa area.
  • Excellon Resources Inc. released high-grade results from ongoing surface exploration at its Platosa mine in Durango. Highlighted intervals comprise 0.9 m @ 283 gpt Ag, 9.8% Pb, 0.3% Zn; 5.6 m @ 383 gpt Ag, 8.0% Pb, 0.2% Zn; 2.5 m @ 406 gpt Ag, 3.7% Pb, 0.2% Zn; 0.6 m @ 2,060 gpt Ag, 7.8% Pb, 9.1% Zn; 5.0 m @ 0.28 gpt Au, 968 gpt Ag, 9.4% Pb, 20.2% Zn; 4.8 m @ 1,127 gpt Ag, 8.4% Pb, 10.5% Zn.
  • Capstone Mining Corp. filed on SEDAR a NI-43-101 compliant report titled “NI 43-101 Technical Report on the Cozamin Mine, Zacatecas, Mexico”.


  • Prospero Silver Corp. announced the signature of the previously disclosed option agreement with Fortuna Silver Mines Inc. on the Pachuca SE project. “On December 10, 2018 Prospero announced that Fortuna Silver Mines Inc. (“Fortuna”) exercised its right to be granted an option to acquire up to a 70-per-cent interest in the Pachuca Southeast project located close to the historic mining city of Pachuca in Hidalgo state, Mexico, by spending a total of $8-million (U.S.) in qualifying expenditures and completing a preliminary economic assessment, with a minimum spend of $1-million in the first year” (Pachuca SE, Hidalgo).

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

On the image below, monzonite porphyry dike intrusive contact with andesitic tuff -note the flow banding- on a project in Jalisco. Picture by Jorge Cirett.

Ley minera requiere certeza jurídica : Camimex

Cualquier modificación a la Ley minera, como lo pretenden proponer algunos legisladores, debe considerar el cuidado de las comunidades y su entorno, además de certeza jurídica, respondió la Cámara Minera de México (Camimex) en un correo.

La cámara, que agrupa a las principales empresas extractivas de minerales del país como Peñoles, Grupo México y Minera Frisco, consideró que actualmente el sector es uno de los más vigilados del país, su marco regulatorio es robusto, moderno y apegado a los estándares internacionales; sin embargo, destacó que siempre podrán existir áreas de oportunidad.

“Hemos tenido acercamiento con diversas autoridades de la Administración Pública y encontrado apertura para impulsar a la industria. Queremos trabajar con el gobierno para atender aquellos temas pendientes y fortalecer la competitividad internacional que tanto beneficia al desarrollo del país”, dijo la Camimex.

Según la cámara, en reiteradas ocasiones el equipo del presidente de México, Andrés Manuel López Obrador, ha señalado que el sector minero es pieza clave del desarrollo del país.

La Camimex no quiso pronunciarse sobre los comentarios realizados por el senador y líder del sindicato minero Napoleón Gómez Urrutia.

“En la Camimex siempre hemos respetado las decisiones y los derechos de los trabajadores mineros estipulados en la Constitución, en la Ley Federal del Trabajo”, respondieron.

‘Napo’ va contra mineras por temas fiscales, ambientales y concesiones.- El Financiero

Napoleón Gómez Urrutia, líder minero y senador por Morena.Fuente: Cuartoscuro

Napoleón Gómez Urrutia, líder del sindicato minero y senador, está listo para ir sobre las compañías que según él no pagan suficientes impuestos, contaminan el medioambiente y tienen concesiones demasiado largas.

Caen acciones mineras

Gómez Urrutia, un viejo enemigo de Grupo México, está revisando concesiones mineras en el país y considera que la industria debería contribuir más a los ingresos del gobierno, según dijo en entrevista con Bloomberg este martes.

El senador espera que las propuestas para la industria sean discutidas en el siguiente periodo de sesiones del Senado, que inicia en febrero; también dijo no tener en mente un impuesto en particular para las empresas.

“La Ley Minera de México se hizo muy flexible, y buscamos regularla de acuerdo con los intereses del país, no los de las empresas que se han beneficiado durante años”, dijo Gómez Urrutia.

“Estamos buscando en los términos de cancelación para una concesión y su extensión, porque 50, 100 años es demasiado largo”, explicó.

Gómez Urrutia se volvió senador a pesar de una controversia por su decisión de mudarse a Canadá hace más de una década después de haber sido acusado de malversación de fondos. Él ha negado todos los cargos en su contra. En un punto, México buscó extraditarlo de Canadá para enfrentar juicio por supuestamente haber malversado 55 millones de dólares de un fondo minero, pero los cargos fueron desechados posteriormente.

El líder sindical obtuvo un escaño en el Senado con el partido Morena del presidente Andrés Manuel López Obrador y ahora es jefe del comité de trabajo y miembro del comité de minería. Su nominación causó algunas dudas y un gran revuelo, especialmente para el gigante minero y multimillonario Germán Larrea, director del Grupo México, quien se pronunció en contra de su candidatura.

Las acciones mineras lideraron caídas en las acciones de referencia mexicanas. Las acciones de Grupo México cayeron hasta 2.1 por ciento a 44.10 pesos en las operaciones de la tarde en Ciudad de México. Industrias Peñoles, otra compañía minera con una gran presencia en México, cayó 2.6 por ciento a 256 pesos.

Gómez Urrutia pidió a los dueños de las empresas mineras que “den al gobierno una oportunidad de gobernar, en lugar de buscar sabotearlo o crear obstáculos. Si al final no funciona, la mayoría de los mexicanos decidirá qué pasa después”.

The Mining and Exploration News in Mexico: Highlights on the Second Week of January, 2019

Quartz-sulfide sheeted veinlets with silicified halos in argillitized fragmental tuff on a project in Jalisco

By Jorge Cirett

During the 2nd week of the year (January 7th to January 13th, 2019), at least 26 press releases were announced by companies working in Mexico. ON MEXICO ISSUES, The government stressed the need to create a new legal framework to standardize the safety, health and protect workers and the environment. ON EXPLORATION, In Sonora, San Marco confirmed the presence of a porphyry copper system at El Espiritu; Silver Viper released unpublished historical drill results from its La Virginia property. In Chihuahua, Sable Resources summarized its 2018 program on Margarita, and 2019 drill plans for Margarita and Vinata projects; Kootenay reported new surface sample results from the Columba project. ON MINING, Consolidated Zinc, Great Panther, Endeavour Silver, New Gold, Torex Gold and Capstone presented Q4 2018 production results. Sierra Metals is increasing production at Bolivar, Chihuahua. US Antimony is completing its plant to process Los Juarez ore. ON FINANCING, Silver One, Gainey Capital and SilverCrest completed non-brokered private placements for gross proceeds of C$624 K, $750 K and C$292 K. respectively. ON RESOURCES AND DEVELOPMENT, Oceanus informed on El Tigre, Sonora,  2018 exploration, and plans for 2019. SilverCrest released further high-grade in-fill drilling results from its Las Chispas property in Sonora. Excellon released high grade underground results from the 623 Manto at its Platosa mine in Durango. ON DEALS AND CORPORATE ISSUES, Great Panther and Beadell Resources completed the friendly acquisition of the latter by Great Panther. Prize Mining trading was halted at the TSX Venture Exchange. Riverside outlined its 2019 business plan, which includes advancing properties, potential joint venture partnerships and strategic alliances. Americas Silver and Pershing Gold announced their shareholders approved its merger.


  • The president of the Commission on Mining and Regional Development, Geovanna del Carmen Bañuelos de la Torre, said that it is necessary to create a new legal framework to standardize the safety, health and protect workers and the environment. She also recognized that the actual distribution of the Mining Fund lacks rigor on its application, and that a reform proposal has been formulated.


  • Sable Resources Ltd. summarized its 2018 exploration program, including information from its projects in Mexico. During 2018’s second quarter Sable completed 2,420 m in 12 drill holes at the Margarita project in Chihuahua, testing epithermal veins in Eocene-Oligocene volcanic rocks. “The project is defined by 5 veins; Margarita, El Caido, Juliana, Faviana, and Marie. All exploration drilling by Sable up to this point was executed along 750 m strike of the Margarita Vein”. Results for the first round of drilling include close to surface high-grade intersections like: 252 g/t AgEq over 11.3 m;  462 g/t AgEq over 4.25 m and larger low-grade halos as: 36 g/t AgEq over 21.35 m and 50 g/t AgEq over 44 m. “A second round of drilling planned to start in mid-January includes 1360m in 9 holes to extend the drilling for 1.5km along the known surface trace of the Margarita vein and to close the drilling grid to approximately 250m space. In addition, 1750m will be drilled in 13 exploration holes that will test the other veins”. Sable received title for 12 mining concessions covering 38,396 ha in Chihuahua, all covering stream sediment and rock sample anomalous areas, including the drill ready Vinata vein system located NE of the Margarita project. The company also holds projects in Canada, Peru and Argentina.
  • San Marco Resources Inc. confirmed the existence of a porphyry Cu-Mo-Au system at its Espiritu project in Sonora. The work done confirmed a multi-stage system with an alteration foot-print at least 2.5 Km x 1.2 Km and that the best Cu mineralization is surface and drill core samples is in rocks with potassic alteration and a quartz-chalcopyrite-pyrite stockwork. There are indications that copper mineralization might be preserved at depth within the shallower part of the porphyry system(s). Future work is expected to include magnetic and ZTEM surveys in advance of possible drilling at the project.
  • Kottenay Silver Inc. reported that new assay results from outcropping quartz veins support the potential for the discovery of a high-grade silver deposit at its Columba project in Chihuahua. The veins have strike lengths of 200 m to 2 km, and thicknesses from 0.5 to 6 m. In the latest field campaign 50 channel and 90 grab samples were collected on eight of the ten veins in the property. “Highlights include 33 samples, between lengths of 0.70 and 2.0 meters, returning silver values ranging between 30 gpt to 397 gpt and 55 samples returning grades >10 gpt”. Contiguous channel samples averaged 4.9 m @ 198 gpt Ag; 3.5 m @ 276 gpt Ag; 2.2 m @ 330 gpt Ag; 6.6 m @ 182 gpt. The next steps are additional mapping and surface sampling to prioritize drill targets and obtain drill permits.
  • Silver Viper Minerals Corp. released previously unreported significant drill intercepts from a historical database from La Virginia project in Sonora. The database was generated by Minefinders Corporation Ltd. and Pan American Silver Corp. up to 2013, and includes information on 52,635 m of drilling in 188 holes, with only the first 50 holes having been disclosed in press releases. The disclosed tables include significant intervals from seven areas, here some of these (true width estimated at 75-80% of core length): At Las Huatas, 18 m @ 2.81 gpt Au, 187 gpt Ag (including 1.5 m @ 3.50 gpt Au, 399 gpt Ag; 1.5 m @ 21.6 gpt Au, 1,173 gpt Ag); 0.6 m @ 11.54 gpt Au, 1,156 gpt Ag; 12 m @ 1.26 gpt Au, 109 gpt Ag; 1.5 m @ 6.52 gpt Au, 625 gpt Ag; 8.5 m @ 1.38 gpt Au, 105 gpt Ag (including 3.95 m @ Au, 2.07 gpt Au, 158 gpt Ag); 1.15 m @ 9.67 gpt Au, 658 gpt Ag; 17.5 m @ 0.72 gpt, 35 gpt Ag; 20.45 m @ 1.04 gpt, 69 gpt Ag; 0.9 m @ 54.79 gpt Au, 43 gpt Ag; 7 m @ 1.37 gpt Au, 65 gpt Ag; 7.55 m @ 1.56 gpt Au, 88 gpt Ag; 1.5 m @ 4.92 gpt Au, 421 gpt Ag; 12.9 m @ 2.44 gpt, 122 gpt Ag. At La Virginia, 1 m @ 3.27 gpt Au, 196 gpt Ag; 18 m @ 2.59 gpt Au, 119 gpt Ag (including 1.7 m @ 18.27 gpt Au, 794 gpt Ag); 8.5 m @ 0.87 gpt Au, 36 gpt Ag; 0.8 m @ nil Au, 300 gpt Ag; 19 m @ 0.65 gpt Au, 29 gpt Ag. At Con Virginia, 5.75 m @ 2.35 gpt Au, 153 gpt Ag; 11.7 m @ 0.62 gpt Au, 77 gpt Ag; 17.4 m @ 0.87 gpt Au, 81 gpt Ag; 2.05 m @ 6.73 gpt Au, 976 gpt Ag; 1.2 m @ 7.78 gpt Au, 1055 gpt Ag. At El Oriental, 2 m @ 2.47 gpt Au, 19 gpt Ag; 5 m @ 2.40 gpt Au, 60 gpt Ag; 3.8 m @ 11.99 gpt Au. 77 gpt Ag; At La Cascada, 1.3 m @ 20.92 gpt Au, 37 gpt Ag. At Huatas Sur, 2.8 m @ 1.05 gpt Au, 81 gpt Ag; 1.95 m @ 1.31 gpt Au, 29 gpt Ag; 3.75 m @ 9.32 gpt Au, 144 gpt Ag (including 1.55 m @ 19.97 gpt Au, 254 gpt Ag). At La Colonia, 0.85 m @ 3.04 gpt Au, 23 gpt Ag. Limited confirmation drilling was completed at the Las Huatas and Con Virginia prospects. These holes were drilled to test gaps in the known data. Previously undrilled prospects Huarache, La Gloria and El Rubi were also tested in 2018. To date, the Company has released results for the confirmation drilling at Las Huatas. Subsequent results and a discussion of the 2018 program and plans for 2019 are scheduled for release in the near future.


  • Consolidated Zinc Ltd. provided an update on production at its Plomosas mine in Chihuahua for December 2018. During the period 4,072 tonnes were hauled to surface @ 10.2% Zn, 2.4% Pb. Recoveries at the Santa Eulalia plant have been 89% Zn, 86% Pb. All the ore mined was from an area outside of the JORC defined resource.
  • Great Panther Silver Ltd. reported fourth quarter and 2018 production results for its properties in Mexico. During the year the company produced 1.86 M Oz Ag, 20,161 Oz Au, 1,958 tonnes Pb, 2,361 tonnes Zn from the two operations. At Topia, Durango, 18.9 K tonnes @ 326 gpt Ag, 0.83 gpt Au were processed during the quarter, recovering 92.9% Ag, and 53.4% Au to produce 183.7 K Oz Ag, 267 Oz Au, 474 tonnes Pb, 661 tonnes Zn. At the Guanajuato mine Complex 70.4 K tonnes @ 129 gpt Ag, 2.01 gpt Au were processed, recovering 87.2% Ag, 84.4% Au to produce 254.4 K Oz Ag, 3,833 Oz Au. Reflecting low metal prices, operations at the Guanajuato Mine Complex is shifting all production to the San Ignacio mine for 2019.
  • United States Antimony Corp. reported the status of beneficiation of ore at Los Juarez, Queretaro, where 30 K tonnes have been mined. The crusher and flotation circuits at the Puerto Blanco mill (in Guanajuato) are ready for production, while the tailings installation is nearly complete. Most of the cyanide leach plant has been built and is being installed. The caustic leach plant at Madero to process the flotation concentrates is operational and has recovered the precious metals with close to a 100% recovery, and pilot production of Au, Ag and Sb is about to start in Q1 2019.
  • Sierra Metals Inc. informed it is on track on its staged mine production increase from 3,000 to 3,600 tonnes per day (TPD) in Q1 2019 (and 5,000 TPD by 2020) at its Bolivar mine in Chihuahua. “Completion of the expansion included the installation of a refurbished mill, an electrical substation with 1250 KVA of capacity, a secondary crusher and a hydrocyclone cluster that allows for finer grind size optionality that is estimated to provide a 6% increase in copper recoveries from 80% to 86% at Bolivar Mine”.

Endeavour Silver Corp. reported consolidated production of 5.5 MOz Ag, 52,967 Oz Au (9.5 MOz AgEq) in the fourth quarter 2018.  Drilliing at Bolañitos returned multiple high-grade intersections, including 1.1 m (TW) @ 1,415 gpt Ag, 2.25 gpt Au in the San Miguel mine. Parral drilling and underground sampling returned  multiple high.grade intersections, including 4.2 m (TW) @ 934 gpt Ag, 0.21 gpt Au, 3.0% Pb, 5.9% Zn. El Compas commissioning has been delayed by metallurgical and plant issues that have been or are in the process of being corrected, while the mine development has been completed and and a 10K tonnes stockpile produced. At Guanaceví, the Milache and SCS orebodies development commenced. At Bolañitos, drilling outlined several mineralized areas and extensions to known areas, with potential to extend the mine life. At El Cubo, drilling of new targets failed to intersect any economic mineralization, and production is to be halved to increase mine life while more reserves are sought.

  • New Gold Inc. presented fourth quarter results, including figures from the Cerro San Pedro property in San Luis Potosi.  Mine closure activities continued at the Cerro San Pedro mine, and 1,448 Oz Au were recover by residual leaching of heap pads.
  • Torex Gold Resources Inc. announced 354 K Oz Au were produced at its El Limon-Guajes mine in Guerrero.
  • Capstone Mining Corp. released preliminary fourth quarter production results for 2018, including figures from its operations in Mexico. At Cozamin in Zacatecas, 278.8 K tonnes were processed at a rate of 3,030 tonnes per day (TPD) @ 1.61% Cu, 1.29% Zn, 0.41% Pb, 50.2 gpt Ag, recovering 94.3% Cu, 65.9% Zn, 58.5% Pb, 75.5% Ag to produce 9.36 M Lb Cu, 5.22 M Lb Zn, 3.15 M Lb Pb, 339.2 K Oz Ag, 68 Oz Au.


  • Silver One Resources Inc. closed its previously announced private placement financing for gross proceeds of C$623.7 K. Silver One also commented it is not aware of any information other than that previously disclosed in its public filings, news releases or statements, which would result in the levels of trading activity and change in the share price recorded in recent days (Peñasco Quemado, Sonora; La Frazada, Nayarit).
  • Gainey Capital Corp. received conditional approval by the TSX Venture Exchange to close the first tranche of its non-brokered private placement of up to $1.15 M announced on November 28, 2018. In this tranche the closing accrued gross proceeds of $750 K (El Colomo, Nayarit).
  • SilverCrest Metals Inc. informed the completion its non-brokered private placement with Pierre Beaudoin, for gross proceeds of Cdn$292 K (Las Chispas, Sonora).


  • Oceanus Resources Corp. informed that during 2018 carried a regional prospecting and mapping program on its El Tigre property in Sonora. The objective was to know the extent of El Tigre Formation, the rock package that hosts the historic El Tigre mine. Such formation was found to extend 5 km to the south reaching the Lluvia de Oro prospect, and 3 km further to the south at La Mancha workings. Prospecting and mapping was carried out also to the east, where several historical underground workings were located. Given the positive results, Oceanus applied for an additional 4,465 hectares, increasing its land position to 26,307 hectares. The company will continue prospecting, mapping and sampling during 2019 to establish drill targets.
  • SilverCrest Metals Inc. released further in-fill results from its Las Chispas property in Sonora. The 20 reported in-fill holes targeted the high-grade Area 51 zone, Babicanora Central zone and Babicanora Footwall and Hangingwall veins. On previous drilling (used for the past resource calculation) the Area 51 had an estimated average 2.7 m of true width (TW) @ 7.13 gpt, 614 gpt Ag (1,148 gpt AgEq); the weighted average of the 28 in-fill holes to date is 3.9 m (TW) @ 11.36 gpt Au, 1,064 gpt Ag (1,915 gpt AgEq). The latest results include the best drilling interception to date: 9.3 m @ 39.66 gpt Au, 3,361 gpt Ag (including 0.4 m @ 252 gpt Au, 9,740 gpt Ag; 0.9 m @ 92.7 gpt Au, 7,570 gpt Ag; 0.4 m @ 47.30 gpt Au, 7,790 gpt Ag).
  • Excellon Resources Inc. announced results from underground exploration at the Platosa mine in Durango. The high-grade 623 Manto has been further defined with diamond drilling results, of which the next results were highlighted: 6.6 m @ 0.1 gpt Au, 704 gpt Ag, 5.8% Pb, 10.1% Zn (including 2.7 m @ 0.1 gpt Au, 1,669 gpt Ag, 13.2% Pb, 24.4% Zn); 4.9 m @ 2,802 gpt Ag, 12.% Pb, 5.4% Zn (including 2.8 m @ 4,789 gpt Ag, 20.4% Pb, 9.0% Zn; 3.7 m @ 775 gpt Ag; 7.3% Pb, 6.4% Zn; 4.2 m @ 150 gpt Ag, 0.1% Pb, 2.0% Zn. The Company continues to test priority targets within the north-south trending Platosa corridor while defining new targets at Jaboncillo, PDN, Saltillera North and South and San Gilberto. A 3D induced polarization program was completed at Jaboncillo and PDN in late 2018 in preparation for drilling programs on both targets in the coming months   


  • Great Panther Silver Ltd. filed its management information circular in respect of the friendly acquisition of Beadell Resources Ltd. Once the acquisition is completed, the company will have a diversified portfolio of producing mines in Mexico and Brazil, and an advanced stage development project in Peru, with additional near-term resource growth potential from Bradell’s in and near mine targets to add to the growth potential from Great Panther’s advanced stage Coricancha project in Peru (Topia, Durango).
  • Prize Mining Corp. disclosed its failure to file its annual financial statements for the fiscal year ended August 31, 2018. As a result, the British Columbia Securities Commission issued a cease trade order on Jan 7, 2019 against the company and securities have been halted from trading on the TSX Venture Exchange. The company is working to finalize and file the needed documents and seek to have the cease trade order revoked. (Manto Negro, Coahuila).
  • Riverside Resources Inc. outlined its corporate outlook for 2019. Highlighted in it the presence of exciting drill targets at Cecilia in Sonora and Peñoles in Durango, as well as the advancing of potential joint venture partnerships and strategic alliance discussions with major companies. Riverside expects to expand outside of Mexico, beyond its participation in Croesus Gold Corp. Partner-funded exploration is expected to commence at La Silla project in Sinaloa.
  • Americas Silver Corp. and Pershing Gold Corp. announced their respective shareholders have provided the requisite approvals for their previously announced business combination (Cosala, Sinaloa).

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

On the image below, quartz-sulfide sheeted veinlets with silicified halos in argillitized fragmental tuff on a project in Jalisco. Picture by Jorge Cirett.

Senadores Buscan Crear Nuveo Marco Jurídico Minero

La presidenta de la Comisión de Minería y Desarrollo Regional del Senado de la República, Geovanna del Carmen Bañuelos de La Torre, dijo que es necesario crear un nuevo marco jurídico que permita estandarizar las normas en materia de seguridad, salud y protección para los trabajadores y el cuidado del medio ambiente.

La senadora del Partido del Trabajo expresó que en ocasiones no ha sido la falta de legislación lo que impide que haya un pleno y sano desarrollo de la industria minera en México, sino el que el problema radica en que no se acatan a cabalidad las normas. “Por ello necesitamos impulsar y comprometer a todos los sectores y actores involucrados”

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.


  • 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.


  • No Relevant News.  


  • No Relevant News.  


  • 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).


  • No Relevant News.  


  • 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 and at LinkedIn’s Mexico Mineral Exploration Group.

México descarta endurecer reglas para industria minera

El responsable de la industria minera de México descartó que el nuevo Gobierno busque implementar cambios drásticos en el sector, cancelando concesiones o elevando las regalías que pagan las empresas por la extracción de minerales.

A fines del mes pasado, las acciones de las principales mineras de México cayeron más de un 10 por ciento, después de que el partido del presidente Andrés Manuel López Obrador propuso en el Senado endurecer las reglas de la industria local.

El plan pretende obligar al Gobierno a contar con el consentimiento de las comunidades indígenas antes de otorgar concesiones en sus territorios e incluye la posibilidad de cancelar los permisos si las empresas no presentan un informe anual sobre el impacto social de los proyectos.

Sin embargo, el subsecretario de Minería, Francisco Quiroga, señaló a Reuters que la llamada consulta indígena sería implementada exclusivamente para nuevos permisos y dejaría fuera a las concesiones que ya se encuentran en operación.

“Hay un tema de no retroactividad de la ley”, aseguró el funcionario en una entrevista telefónica con Reuters el miércoles. “Las empresas tienen sus derechos y ningún derecho va a ser vulnerado, ni el de las comunidades ni el de las empresas”, agregó.

Quiroga también descartó que el nuevo Gobierno, que tomó posesión el 1 de diciembre, vaya a revisar el total de las casi 26 mil concesiones en el país en busca de anomalías, como propuso en el pasado López Obrador.

“A solicitud de parte, donde sea claro que las cosas no se hicieron bien, que se transgredió el orden jurídico, esas (concesiones) se revisarán para corregir”, aseguró.

México es el principal productor de plata del mundo y uno de los mayores de cobre y oro. El sector minero, que contribuye con el 4 por ciento del Producto Interno Bruto (PIB) nacional, es destino de millonarias inversiones desde Estados Unidos y Canadá.

Quiroga afirmó que, por lo pronto, sus esfuerzos estaban centrados en simplificar trámites, promover nuevos proyectos e impulsar la exploración en el sector.

El funcionario también indicó que analizaba cambios a la fórmula de distribución del Fondo Minero, un millonario fideicomiso para las comunidades cercanas a los yacimientos, pero que las aportaciones que están obligadas a hacer las empresas permanecerían intactas.

Economía descentraliza la subsecretaría de Minería

La Secretaría de Economía dio su primer paso hacia la descentralización al inaugurar en Chihuahua la sede de la subsecretaría de Minería.

En el marco de la apertura, Francisco Quiroga, subsecretario de Minería, expuso este miércoles que es clave promover una política industrial activa que fomente la innovación, diversificación e inclusión del sector de minería y metalurgia mexicano.

Para alcanzar las estrategias que se plantean, expuso, la subsecretaría se apoyará de la Dirección General de Mina, en donde se encargarán de regular al sector; en la Dirección de Desarrollo Minero, encargada de acompañar proyectos y gestionar soluciones; y en el Servicio Geológico Mexicano, ente que buscará ser un apoyo para empujar la competitividad en la exploración.

También se apoyarán en el Fideicomiso de Fomento Minero, en donde se buscará ampliar las bases de financiamientos y estructurar proyectos sujetos a créditos; y el Fondo Minero, en donde se asegurará la viabilidad social de los distintos proyectos por medio de consultas y de la validación de los mismos.

En el marco del evento, Quiroga instó a directivos y empresarios del sector a “trabajar conjuntamente en nuevos modelos de minería, respetuosos del medio ambiente, la vida humana y de las costumbres y tradiciones de las comunidades anfitrionas, las cuales serán debidamente consultadas y tomadas en cuenta”.