PDAC supports Canada Govt effort to develop mining,exploration activities
PDAC also supports and looks forward to working with the Government on northern infrastructure, northern regulatory improvement, and northern economic development to help expand the transportation, energy and community infrastructure necessary to support resource development in northern and remote regions.
Investors worried about bearish Gold but not low cost Gold producers
From a purely economic perspective, $1500, 1600 per ounce gold could then give above normal profits for gold miners not to speak of the scenario of $1900 and above. That lends credence to the belief that gold prices have been manipulated by hedge funds and large institutional players who poured money in ETFs and derivatives instruments.
First Majestic commences production at Del Toro Silver Mine
Commissioning of the new 1,000 tpd cyanidation circuit began on October 20, 2013. Surface stockpiles consisting of lower grade oxide ore is initially being supplied to the mill for this ramp-up period. Mill throughput since initial commissioning has averaged 582 tpd with head grades averaging 168 grams per tonne silver.