Fresnillo Q1 production slumps, sticks to FY targets

Herradura silver-gold mine in Mexico, the world’s top silver producing country primary silver producer and Mexico’s second-largest gold miner.) Precious metals miner Fresnillo reported a fall in first-quarter production on Thursday, calling it “slightly weaker than anticipated” but sticking to output targets for the year as spending on tackling operational issues paid off. Silver output …

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Lumina extends Gran Bestia in Ecuador

Cangrejos project mine camp. Lumina Gold (TSXV: LUM) has drilled its longest continuous section of mineralization at its Gran Bestia copper-gold deposit in Ecuador, part of its Cangrejos copper-gold project. The company cut 0.62 gram gold per tonne and 0.11% copper over 626 metres from surface including 1.14 grams gold and 0.13% copper over 86 …

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Asia’s mining sector offsets risk with reward — report

Chaarat, which is based in Kyrgyzstan, has said it wants to build a leading Central Asia gold company through acquisitions, targeting 1 million ounces of annual production. Asia’s mining sector continues to hold the greatest rewards globally, with positive business environments, rich mineral deposits, supportive infrastructure and political stability in countries holding the top positions …

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Gran Colombia to use machine learning at Segovia operation

Segovia operation. Photo by Gran Colombia Gold. GoldSpot Discoveries (TSXV: SPOT) and Gran Colombia Gold (TSX: GCM) announced that they have established a partnership to use machine learning to identify new drilling targets at the Segovia operation located in the Segovia-Remedios mining district of Antioquia, northwestern Colombia. “With the recent closing of a C$20-million private placement, Gran …

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