Mexico mining halt to hit silver supply
The country is the world's largest miner of the metal, accounting for roughly 23% of world production.
The country is the world's largest miner of the metal, accounting for roughly 23% of world production.
Indicated resources have increased to 1.17 million tonnes at 3.52% copper-equivalent for a total of 90.7 million lb. of contained copper-equivalent metal.
Exploration drilling intersected high-grade copper and zinc mineralization 10 km to the southwest of the company’s Brabant-Mckenzie deposit.
Mexico’s mining sector will be able to continue operations only deemed to be essential during the public health crisis caused by coronavirus.
The biggest players in the market may be losing their buying appetite.
The company is maintaining its full-year production, capital and operating cost guidance for 2020.
Company has unveiled a maiden resource at its Condor project in southeast Ecuador, of 11.9 million inferred tonnes grading 2.95 g/t gold equivalent for 1.1 million gold-equivalent oz.
Last year, Hope Bay produced 139,510 oz. of gold.
The combined company is expected to have a market capitalization of approximately C$250 million.
The Simandou deposit holds estimated reserves of more than 2 billion tonnes of high-grade iron ore.