Gatos Silver posts solid 2024, preps takeover by First Majestic
The deal will merge Gatos’ main Cerro Los Gatos mine with First Majestic’s San Dimas mine in Durango, and its Santa Elena operation in Sonora.
Quebec-based exploration company Ressources Appalaches Inc. is one permit away from reopening the Dufferin gold mine in the Canadian province of Nova Scotia.
The province’s Labour Department OK’d the mine’s equipment and procedures with regard to worker safety.
“We’ve been told that we’re nearing completion of [the reopening] process,” said Jean-Claude Morel, executive vice-president of Ressources Appalaches on Thursday. The company filed for industrial approval in May.
If Ressources gets the next permit, the Dufferin mine will be the first new underground mine to operate in Nova Scotia in decades.
Comments
RCC
I’ve been there and have some nice samples. It’s way too small to be considered anything “senior”. It may produce 5,000 ozs per year at best because they mine narrow saddle-reefs and will be high costs. It ran a few times off and on over the years but mostly off. I think Azure Mining had it before. This is a hobby mine at best.