The colossal Penasquito Mine’s tailings dam will reach a stunning height of a 46 story skyscraper over the next decade. That is, if the mine reopens and is allowed to continue business as usual. Newmont-Goldcorp suspended operations at Mexico’s second largest silver mine on April 29th, due to a blockade…
In just a little more than a week after the mighty Newmont-Goldcorp merger was finalized, the company suspended operations of its largest gold-silver mine in Mexico. The Penasquito Mine, which produced more than a 500,000 ounces of gold and 25 million ounces of silver in a single year, has been…
Silver production at the world’s largest producer fell significantly in the first quarter of the year. Fresnillo PLC reported a decrease in silver production in Q1 2019 versus the same period last year, due to lower ore grades and reduced volumes of processed ore at its Fresnillo Mine. Furthermore, while…
With the latest release by the USGS, silver production in the U.S. is now the lowest in more than 70 years. We have to go all the way back until the year after World War II ended to see U.S. silver production less than it was in 2018. While many…
There’s been a hidden decline in the global gold mining industry unrecognized by most investors. It’s an insidious and mysterious decay that has plagued the industry for many years. Unfortunately, investors can’t see what’s occuring in the gold mining industry because they are unable to notice the subtle changes taking…
The second largest copper mining company in the world saw its stock price plummet by nearly 15% today due to poor earnings. Freeport-McMoRan’s fourth-quarter net income fell nearly 90% compared to the same period last year. The large decline in net income was attributed to falling production, due to scheduled…