First Majestic suspends mining activities at Jerritt Canyon due to ongoing challenges, aims to reduce overall costs gold silver FirstMajestic
- First Majestic Silver announced today it is taking action to reduce overall costs by reducing investments, temporarily suspending all mining activities and reducing its workforce at Jerritt Canyon effective immediately.
“Despite these efforts, mining rates have remained below this threshold and cash costs per ounce have remained higher than anticipated primarily due to ongoing challenges such as contractor inefficiencies and high costs, inflationary cost pressures, lower than expected head grades and multiple extreme weather events affecting northern Nevada, which have compounded conditions and caused material headwinds for the operation,” the company added.
“While mining activities have temporarily stopped, processing of the remaining surface stockpiles will occur for the next couple of months. The company will continue exploring both near-mine and prospective regional greenfield targets to grow Jerritt Canyon’s resources, which we believe will significantly enhance the economics for the eventual restart of operations.”
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Editorial | U.S. President Joe Biden’s visit to Canada is his first since taking officeStarEditorial: Trudeau would be well advised to find an immigration solution with Biden that falls well short of a Haitian commitment this country cannot fulfil.
Lire la suite »
Toronto FC defeats Inter Miami 2-0 on chilly night for first win of MLS seasonToronto FC finally got into the win column Saturday, blanking Inter Miami 2-0 on a frigid night at BMO Field.
Lire la suite »
Putin visits occupied city of Mariupol in Ukraine for first time - National | Globalnews.caVladimir Putin has not commented on the arrest warrant, which deepened his international isolation despite the unlikelihood of him facing trial anytime soon.
Lire la suite »
North Shore First Nation celebrates construction start on water treatment plantBiigtigong Nishnaabeg's $58-million plant comes online in late 2024
Lire la suite »
Putin makes first trip to Russian-occupied Mariupol | CBC NewsRussia President Vladimir Putin made a surprise weekend visit to the war-ravaged port of Mariupol, state media reported, the Kremlin leader's first trip to the Russian-occupied territories of Ukraine's Donbas region since the conflict began.
Lire la suite »
This Toronto company is the first of its kind to be recognized for combatting food wastePluck, a female-owned brand from Toronto just became the world's first tea business to be certified in upcycling. This is one of the latest green m...
Lire la suite »