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. ...

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 ...

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...