Crews discovered the Navidad system during exploration to test the west side of the Ermitaño deposit at the 1,000-sq.-km Santa Elena site in Sonora.

Global geopolitical and energy transformations are driving an increased demand for tangible holdings, notably commodities, which are critical for the energy transition.

Commercial production is scheduled for September, the company said.

The Guitarra underground mine was in operations between 2015-2018, producing 1-1.5 million oz. of silver equivalent annually.

Panuco has a $1.1 billion after-tax net present value at a 5% discount rate, an 86% after-tax internal rate of return and a nine-month payback period.

Deep-sea miner is said to have misled investors, government officials, and the public through material misrepresentations and omissions.

Copper production during the quarter totaled 270,747 metric tons, up 4.7% from a year earlier.

Declaring Vulcan's Calica mine is in a “protected natural area,” signals a potential expropriation of its land.