Vale’s Mangaratiba iron ore terminal in Brazil reopens

BMO Capital Markets has flagged a total of 13 mines that could be sold following the $6-billion merger.

The project sits on top of the Mexican Silver Trend.

Company now expects to produce between 705,000-725,000 tonnes this year, down from the earlier 705-740,000 tonnes target.

The miner, which is the world's largest primary silver producer and Mexico's second largest gold company, revised silver output guidance down to between 62 million ounces and 64.5 million ounces from a range of 64.5 million to 67.5 million earlier.

The mine applied incorrect discounts to its royalty payments over several multi-year periods.

SQM revealed a five-week delay in a project to increase annual capacity.

Merian has an estimated mine life of 15 years and is exploring on other parts of the property.

The expansion is seen as a step in the right direction for BTO to hit its long-term 1 million oz. per year target.

While prices remain stagnant and demand uncertain, the company is churning out more stones than at any other time in the past decade.