The Asunción Mita municipality launched a popular consultation that will either allow the mine to go ahead or halt its development over environmental concerns.

The company considers ELG underground as a "key value driver" as its reserves have been expanded over the years.

A feasibility study for the project is under way and expected to be complete in early 2024. 

Power supply to the Mexican project is not “at a steady state”, but it should improve in Q4, when the miner expects to begin sales.

Fresnillo and Mag Silver had agreed in April 2019 to develop the Juanicipio deposit, but the pandemic and logistical setbacks delayed the project.

The precious metals miner said it reopened the Mexican gold mine on Sep. 10 following an initial meeting with local leaders.