Matthew Piggot, a mining analyst with Thomson Reuters GFMS, is projecting that Mexico – which only this past year made Bloomberg’s Top 10 list of gold producing countries– may be the next source of “mega” gold deposits. Accounting for this are expected yields at two projects owned by Canadian companies based in Vancouver: the A...

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Billionaire Carlos Slim’s gold and silver producer Minera Frisco SAB soared 26 percent in its first day of trading in Mexico City after being spun off from Grupo Carso SAB as investors bet precious metals prices will increase.  Precious metals prices will climb 28 percent in the next year, giving investors the best returns among commodities in 2011, Goldman Sachs Group Inc. said Dec. 13. ...

In late June of 2010, Newstrike Capital completed its acquisition of a 100% interest in the Ana Paula mining concessions from Goldcorp Inc. The Ana Paula concessions are central to Newstrike’s 88,000 hectares in the Guerrero Gold Belt and forms part of a district scale mining camp that is host to Torex Gold’s ‘Morelos Project’ and to Read More » Tags

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Mexican tycoon Carlos Slim is expected to list his mining company, Minera Frisco on the Mexican stock exchange on January 6th. Minera Frisco is focused on silver, lead, zinc and copper exploration. Slim is betting on mining as being a growth sector, as he expands the business empire that made him the world's richest man. The tycoon, whose fortune exceeds $50 billion, according to Forbes, wants to give more visibility to the business, which is ...

Economic deposits of mineral commodities are rare geological phenomena that are difficult to discover and expensive to develop into operating mines. Mexico is a treasure trove hosting an abundance of viable mineral deposits, particularly, silver and gold. Indeed, there is a rich precious metal mining history dating back to pre-Hispanic times. Since the arrival of the Spanish some 500 years ago, mining has been an important industry for both the ...

Mexico City- Investment funds, mining companies and analysts all agree that Mexico will play a significant role in the mining boom predicted for coming years, but before tak...

Mining companies are ramping up gold exploration in Latin America as areas before seen as risky, like southern Mexico and Colombia, are now glittering with new projects as precious metals prices soar. Exploration budgets, the first thing mining companies slashed during the financial crisis, plummeted 42 percent from 2008 to 2009, the largest one-year decline in two decades, according to consultancy M...

Based upon the rapid rise in gold prices, Farallon Mining said it is planning a second mine at its Campo Morado property in Guerrero Sate in Mexico The Company is formally initiating studies to re-evaluate the Reforma, Naranjo, El Largo and El Rey deposits to assess the feasibility of building a second mine with a target start date of July 1, 2013. Indicated resources for the Reforma, El Rey, Naranjo and El Largo deposits total 11.2 million ton...

Goldcorp Inc. recently announced that it had entered agreement to sell the San Dimas gold-silver mine in Mexico to Mala Noche Resources Corp. The total purchase consideration of $500 million, consisted of $275 million in cash, $175 million of Mala Noche common shares valued at the...

Canadian-based mining company Goldcorp is playing well south of the U.S. border. Why else would Mexican President Felipe Calderon attend Goldcorp's (GG) recent opening ceremony for a new mine in Penasquito? The president lauded Goldcorp for its $1.7 billion investment and for creating thousands of jobs. Once fully operational, the mine in the north-central region will be Mexico's largest. What's good for Me...

With bullion process hovering around near record levels, senior global gold miners are on prowl, competing amongst each other for established and emerging projects containing gold, copper and silver. The world's largest gold producer, Barrick Gold Corp. and other large miners are pursuing copper-gold projects and gold-silver projects, as pure gold plays become scarce, said Barrick spokesman Vincent Borg. "The...