Sierra Madre accelerates restart of Mexico silver mine
The Guitarra underground mine was in operations between 2015-2018, producing 1-1.5 million oz. of silver equivalent annually.
Gold prices climbed slightly Thursday on geopolitical concerns and ahead of the key U.S. employment report due out Friday morning.
A lower U.S. dollar index and lower U.S. stock indexes did limit selling pressure in the precious metal.
Spot gold was up 0.3% at $1,217.30 an ounce by 11:45 a.m. EDT (1545 GMT), within reach of a nine-month low of $1,204.40 reached on Tuesday.
U.S. COMEX gold futures for December delivery settled up at $3.90, or 0.3%, at $1,215.50 an ounce. Prices fell to $1,205 an ounce earlier in the session.
Silver was down 0.2% at $17.11 an ounce, trading just above its lowest level since March 2010.
Platinum lost 0.5%, settling up at $1,267.74 an ounce after falling to a five-year low in the previous session, and palladium dropped 0.5% to $769.72 an ounce.
