Sharay Angulo Casique’s Post

Americas Gold and Silver to 'expedite' #Mexico copper project due to higher prices Toronto-based Americas Gold and Silver decided to “expedite” the development of the EC120 project (ex-El Cajón) at its Cosalá operations in Sinaloa, Mexico, due to the current high silver and copper prices, the company said in a statement. “The company is in the documentation phase with a metal trader to provide concentrate prepayment financing for the entire capital requirement at its 100%-owned El Cajón and zone 120 silver-copper project (EC120 project) at the Cosalá operations,” it said. Americas Gold and Silver, which operates in Mexico and the US, expects to close the financing this quarter. It aims to complete the required development and preparations to produce higher-grade silver-copper concentrates from the project at the beginning of 2025. #mining #copper https://lnkd.in/eBeUV7Dp.

The future of Copper continues to look bright as evidence continues to pile up for a supply-constrained future. Major mining companies are not the only ones competing, as the next US and China government struggle looms. #Copper #SupplyChain #Mining #USChinaStruggle

While I’m not sure the word “cuckoo” does justice to today’s copper market, today’s WSJ article does highlight some interesting recent developments. BHP’s bid for Anglo American and multiple potential bids for First Quantum’s (closed) Cobre Panama mine do illustrate the difficulty of discovering and building new copper mines. If nothing else, these bids clearly demonstrate that for many large mining companies, the “buy vs build” decision in copper is a no-brainer. And while it’s impossible to predict week-to-week moves in the copper price, we remind investors that the world has not been in a true “scarcity”-driven copper market since before the financial crisis... https://lnkd.in/eU27HnGT

🎙️ Unveiling the future of exploration and mining in Peru, in Ellis Martin's latest post with our CEO and President Patrick Elliott, they explore the pivotal questions: Why Peru? Why Copper? Why Forte? Uncover the strategic visions behind these choices and how they're set to shape the industry. A must-listen for anyone interested in the future of mining and investment. 📈 🎧Click to listen now! #investors #strategicpartnerships #investing #commodities

The closure of the Cobre Panama mine following nationwide anti-mining protests is a case-in-point for the importance of mining companies’ community relations work. The $10 billion mine was projected to employ one in fifty workers in the country and generate 4-5% of the country’s GDP but, fatally, the operators lost the support of the population, for a myriad of avoidable reasons. The project failed to address concerns such as labour rights, which turned from protest to full-blown, national civil unrest. By resting on their laurels, First Quantum lost their social license to operate, and paid the ultimate price. Fulfilling the demand for critical raw materials created by the green energy transition will require new mining projects to be started over the next few decades. It is vital that mining companies ensure that citizens in mining communities are on side. The image of a copper mine larger than San Francisco in the Panamanian jungle sitting idle epitomises this point.

Top to bottom.. check these assays out!

Scoop: First Quantum Minerals is selling one of its smaller assets, a Spanish copper mine called Las Cruces, as it seeks to bolster its balance sheet following the closure of Cobre Panama. According to sources familiar with the matter, the mine went on sale in December and has drawn interest from groups including Grupo México, the conglomerate owned by billionaire German Larrea. It's a small mine, but in a strategic location. Las Cruces is undergoing a transition from an open-pit operation that reached the end of its life in 2021 to an underground mine poised to extend its life by 18 years or more. That extension includes a refinery designed to produce approximately 72,000 tons of copper cathode annually, which is shipped as final product. Our story in Bloomberg News: https://lnkd.in/gUZ3P4SE

Talking Gold in Peru with James from Element79 and discussing contrarian investing, highlighting Peru's improving sentiment. The Lucero Project, a former Shila mine, exhibits promising specs, with 74 epithermal veins and high-grade samples up to 116.8 g/t Au Eq. James anticipates significant resources, emphasizing untapped potential. Infrastructure and historical mining activity add to its appeal. $ELEM.CN #gold www.element79.gold

An in detail Business Case read into Why the "Business Environment" is still a mandatory course module at Business School 101. At whichever scale of business, the fundamentals rule! The Business Environment is Dynamic. On the flipside of the coin, the- "Cobre Panama’s closure was one of the key catalysts behind a global shortage of copper ore currently gripping the industry, which in turn has drawn bullish investors into the market and helped pushed metal prices to the highest point in nearly two years. The mine accounted for roughly 1.5% of the world’s supply of copper." -Bloomberg. #copper #copperexlploration #commoditymarkets #mining #hedgefunds #explorationinvestment