Sierra Madre Gold and Silver has commenced underground mining at the Coloso silver-gold mine, located within the producing Guitarra complex in Mexico. The mine was previously developed and mined by First Majestic Silver, and has over 12 kilometers of underground workings. “This marks another milestone event in the restart of the Guitarra mine complex. The Coloso estimated resource grades are…
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First Majestic halts mining at Jerritt Canyon
First Majestic Silver is citing high costs and other challenges for the temporary suspension of operations at its Jerritt Canyon mine in Elko County, Nevada. Officials did not indicate how long the mine could remain idled, but said all activities will be cut effective immediately, and its workforce will be reduced at the same time. The silver and gold miner…
Read MoreFirst Majestic to sell Mexican royalty portfolio to Metalla
First Majestic Silver has entered into a royalty purchase agreement dated November 25 to sell a portfolio of eight royalty interests in Mexico to Metalla Royalty & Streaming for a total consideration of $20 million in common shares of Metalla. The consideration will be paid upon closing of the transaction, which is expected to occur in the first quarter of…
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