Mining In Mexico « Newstrike Blog

Farallon to assess gold mine at Campo Morado

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 [...]

Goldcorp's divestitures build emerging Juniors

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 offering price of Mala Noche’s proposed equity financing and a [...]

Mexican Gold Mine Holds Promise For A Beleaguered Country

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 [...]

Nasdaq: “Mexico’s February Mining Production Up 33% On Year

Mexico’s February mining output showed big gains in gold, silver and lead, with overall production 33% higher than in the year-ago month, the National Statistics Institute said Friday.

Gold production rose to 4,591 kilograms in February, the institute, known as Inegi, said, from 1,444 kilograms a year earlier.

Silver output rose to 225,516 kilograms from 81,114 kilograms, [...]

The History Of Gold Mines In Mexico

Mexico has a fairly long history of mining which dates back almost 500 years. Today, it continues to stand as one of the world’s largest producers of metal and it is known as a major destination for mineral exploration.

A Brief History

The bedrock deposits of the great silver-gold vein system of the Veta Madre at Guanajuato [...]

NEWSTRIKE CAPITAL TO ACQUIRE GOLDCORP’s  ‘ANA PAULA’ PROPERTIES

Newstrike Capital Inc. (“Newstrike” or the “Company”) – is pleased to announce it has entered into an agreement dated February 11th, 2010 to acquire a 100% interest in certain mining concessions situated in Guerrero State, Mexico, referred to as the “Ana Paula Properties” from Desarrollos Mineros San Luis, S.A. de C.V. (“DMSL”), a wholly-owned subsidiary [...]

Juniors Benefit from Competition Amongst Major Gold Companies

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 [...]

History of the Development of the Guerrero Gold Belt

The Guerrero Gold Belt (GGB) is a significant emerging gold mining district hosting a gold bearing iron skarn-porphyry mineralizing system. The district includes Goldcorp’s Bermejal, Nukay and Los Filos deposits, and Gleichen Resource’s Limon-Los Guajes deposit. The GGB has an inventory of approximately 14 million ounces of gold, which continues to increase with ongoing exploration [...]

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