VANCOUVER, Nov. 14, 2018 /CNW/ – Pan American Silver Corp. (NASDAQ: PAAS) (TSX: PAAS) (“Pan American”) or the “Company”) and Tahoe Resources Inc. (NYSE:TAHO) (TSX:THO) (“Tahoe”) today announced that they have entered into a definitive agreement for Pan American to acquire all of the outstanding shares of Tahoe pursuant to a plan of arrangement (the “Transaction”), creating the world’s premier silver mining company. Shareholders of Tahoe will be entitled to elect to receive common shares of Pan American and/or cash in exchange for their shares of Tahoe. Additional consideration will be in the form of the right to a contingent payment in common shares of Pan American tied to the restart of the Escobal mine in Guatemala
CAMIMEX’s president, Fernando Alaniz, presented figures from the Mexican Mining industry on the AIMMGM’s conference held in Hermosillo from October 24th to October 26th. The Mining Fund collected from mineral royalties in Mexico, supplied in 2017 $4,206 million pesos (about US$ 220 M), accruing more than $12,000 million pesos (over US$631 M) on the last four years. In 2017 alone, $28,806 million pesos (US$1,516 M) were paid on income tax, and an additional $4,726 million pesos (US$248.7 M) were invested by mining companies in the communities and environment where they are located. The payment of mining duties on mining concessions in 2017 was $2,525 million pesos (US$132.9 M). The total of Mining duties, mining fund and Income Tax for 2017 add up to $35,537 million pesos (US$ 1,870 M).
The average salary of a miner is 3.4 to 5.0 times the official minimum salary, not including the 10% payment on yearly profit by the employer (PTU).
In the last 12 years the direct investment on the Mexican mining sector has been US $51,445 M, but investment in exploration has decreased 63% from 2012 to 2016. In the attractiveness index for investment Mexico has gone from the 11th place in 2011 to the 44th place in 2018, with land access, rule of law, security, new taxes and a heavy increase on mining duties blamed for the fall in ranking. At the same time our direct competitors for investment in the mining industry Peru passed from the 39th to the 19th position, and Chile from the 6th to the 8th position.
According to Alanis, the main causes for the fall in competitiveness include over regulation and red tape, uncertainty in the determination of environmentally protected areas and a distorted image of the industry before communities and society.
Points addressed by Alanis to make of Mexico a mining country include improvements in security, a better infrastructure (railways, ports), certainty on land rights, a common ground with other mining countries in fiscal terms, administrative efficiency in the application and issuing of mining concession titles and certainty and transparency in the timely granting of permits.
Lithia, FL, Oct. 23, 2018 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — American International Ventures, Inc., (“AIVN”) has entered into a joint venture agreement with PT Musi Bumi Energi an Indonesia Corportion (“MBE”). MBE has an 8,855 hectare (21,881 acre) coal concession, located at Musi Banyuasin, South Sumatera, Indonesia. Coal reserves of approximately one hundred million (100,000,000) metric tons (Pre-Jorc estimate) of low rank subbituminous coal reserves located on said concession.
Consolidated Zinc Limited (ASX: CZL, “Consolidated Zinc” or “Company”) wishes to advise that the closing date for its Share Purchase Plan (“SPP”) has been extended to 5:00pm (AEST) on Monday 22 October 2018 from the previous closing date of 15 October 2018.
TORONTO, July 31, 2018 (GLOBE NEWSWIRE) — McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) today reported second quarter results for the period ended June 30, 2018 (“Q2”). During Q2, gold equivalent ounces (GEOs) produced increased by 45% and all-in sustaining costs per ounce decreased by 2% compared to Q2 2017. Net cash flow from the business excluding project development costs was $6.3 million(2)or $0.02 per share. A total investment of $26.3 million was made to further our long-term production growth plans at the Gold Bar, Black Fox, El Gallo Fenix and Los Azules projects. As a result, our consolidated net loss for Q2 was $5.4 million, or $0.02 per share.
Equinox Gold Corp. (TSX-V: EQX, OTC: EQXGF) (“Equinox Gold” or “the Company”) is pleased to announce that Equinox Gold shareholders approved all matters voted on at the annual and special meeting held earlier today, including the appointment of KPMG LLP as the Company’s auditor, reapproval of the Company’s rolling stock option plan and amendments to the Company’s restricted share unit plan. Shareholders also approved the transfer of copper assets to Solaris Copper Inc. (“Solaris Copper”), as outlined below, and the adoption of certain security-based compensation arrangements and an advance notice policy for Solaris Copper.
Toronto, ON – June 4, 2018 – Sierra Metals Inc. (TSX: SMT) (BVL: SMT) (NYSE AMERICAN: SMTS) (“Sierra Metals” or “the Company”) hereby announces the voting results from the Company’s Annual General Meeting of Shareholders held on Wednesday, May 30, 2018.
La explotación minera de fondos oceánicos será pronto una realidad. Sus impactos ambientales están siendo intensamente evaluados por instituciones académicas y agencias internacionales, mientras la ingeniería avanza lo suficiente para colocarla como opción viable y rentable, en muchos casos, superior a la minería en tierra. Crece la escasez de minerales metálicos y no metálicos en yacimientos terrestres accesibles y de costo aceptable, mientras el reciclaje es insuficiente y la demanda aumenta exponencialmente por la industria electrónica y la fabricación de baterías para vehículos eléctricos. Níquel, cobalto, tungsteno, platino, rodio, manganeso y otros metales son indispensables para nuevas tecnologías electrónicas, y el fósforo es insumo vital para la manufactura de fertilizantes esenciales en la agricultura. El impacto ambiental de actividades mineras en tierra llega a ser devastador en cuanto a ecosistemas y paisajes, deforestación, y contaminación de aguas, suelos y atmósfera.
Toronto, Ontario (May 1, 2018) – Alamos Gold Inc. (TSX:AGI; NYSE:AGI) (“Alamos” or the “Company”) today reported its financial results for the first quarter ended March 31, 2018 and reviewed its operating, exploration and
VANCOUVER, April 26, 2018 /CNW/ – PanAmerican SilverCorp. (NASDAQ:PAAS; TSX:PAAS) (“PanAmerican”, or the”Company”) willannounceits unaudited results for thefirst quarter of 2018 on Wednesday, May 9, 2018,after marketclose. Its Annual Generaland Special Meeting of Shareholders will be held thesame day beginning at 6:00 pmET (3:00 pmPT).