Mexico says trade deal does not apply in Grupo Mexico mine labor dispute

Mining stocks in monster rally as copper price surges 8% and gold price climbs nearly $50 an ounce.

Indian silver consumption is forecast to surge by around 80% to a record this year.

Hochschild did not say if production had been affected, but noted protesters are blocking the entrance to the Inmaculada mine since Oct. 27.

Kolpa currently operates the Huachocolpa Uno mine, an 1,800 t/d capacity underground polymetallic asset in the Huachocolpa region of Peru.

EBP represents Calibre’s third major environmental mine development approval within three years.

The new area, called Royropata, is not in the current permitted area, but the company believes that the discovery “has the potential to secure the medium-term future of the Pallancata mine.”

The proposed expansion would expand the mill's nameplate capacity to 2,700 t/d from 700 t/d, thus quadrupling Zgounder's silver production.

President Luis Arce’s economic plan calls for five new mines to be brought into production by the time he faces elections in 2025.

Renewed strength in the greenback has now seen bullion tumble more than 20% since a March peak.