Mining
Baja Mining warns on Mexico project funding
The Vancouver Sun - Canadian miner Baja Mining Corp. said its copper-cobalt-zinc Boleo project in Mexico will not be able to proceed beyond mid-June without a cash injection, sending its shares down 15 percent.
www.vancouversun.com/business/Baja+Mining+warns+Mexico+project+funding+shares/6580770/story.html
Copper production jumps 38 percent in February
Bloomberg - Mexico’s February copper production jumped 38 percent percent to 32,693 metric tons as Grupo Mexico, the nation’s largest mining company, increased its output forecast for the Buenavista mine in the northern part of the country.
www.bloomberg.com/news/2012-04-30/mexico-copper-production-jumps-38-boosted-by-buenavista-1-.html
Three Baja Mining directors follow another out the door
The Financial Post - Baja Mining Corp. stunned the street on Monday by revealing that three directors have resigned and that it is facing a big funding shortfall at its flagship copper project in Mexico. A fourth director walked away last week.
SilverCrest reports surging production at Mexico mine
miningweekly.com – SilverCrest Mines has doubled its first-quarter silver production, while gold production surged 198 percent. The Vancouver-headquartered miner said it achieved this by pushing through 26 percent more ore than planned.
www.miningweekly.com/article/silvercrest-reports-surging-production-at-mexico-mine-2012-04-20
Endeavor is buying AuRico interests in Mexico
Reuters - Canada's Endeavour Silver Corp. is buying two of AuRico Gold's silver and gold mining interests in Mexico for up to $250 million in cash and stock to expand its footprint in the country.
www.reuters.com/article/2012/04/16/us-endeavoursilver-idUSBRE83F02I20120416
Mining industry to see healthy growth over 4 years
Energy Business Report - The mining sector in Mexico is anticipated to see a significant growth over the next four years, according a new report by the UK based research firm BRICdata.
California Gold plans to start drilling in Sonora
Energy Business Review - California Gold is planning to start a drilling program at its AuroTellurio Project near the town of Moctezuma in Sonora. California Gold controls two mining concessions of the AuroTellurio project with a total area of 76 sq km.
Timmins raises gold estimate at Mexican mine
Reuters - Canadian miner Timmins Gold Corp raised its estimate of total measured and indicated resources at its San Francisco gold mine in Mexico by about 9 percent.
McEwan Mining announces new silver discoveries
MarketWire - McEwen Mining Inc. announced new exploration drill results from its El Gallo Complex and its Palmarito site in Sinaloa that showed an impressive silver content. Reconnaissance also is ongoing in Nayarit.
Creso buying mining property in Sinaloa
NASDAQ - Creso Exploration Inc. climbed almost 12 percent after announcing that it received conditional approval of the TSX Venture Exchange for the acquisition of a 50 percent interest in the Zamora/Campanillas mining projects in Sinaloa.
