Juniors place Mexico among top gold-producers THIS IS FOR YOU FRANKY!!!
https://www.mining.com/juniors-place-mexico-in-the-top-gold-producing-countries-list-60340/
To date there are several gold deposits along the 55km mineral belt, including Goldcorp’s (TSX:G, NYSE:GG) Los Filos Mine; Torex Gold’s (TSX:TXG) Morelos deposit, Newstrike Capital’s Ana Paula Project, and Esperanza Resources’ Cerro Jumil deposit.
Current compliant gold resources in the area are estimated to exceed 15 million ounces and keep steadily growing.
Richard Whittall, director, president and CEO of Newstrike Capital.
For Richard Whittall, director, president and CEO of Newstrike Capital (TSXV:NES) —the company that coined the nickname for the area— the factors that explain this boom are simple.
Low operating costs is one of them, but Whittall says there many other reasons to pursue mining in the country, such as the vast reserves waiting to be exploited.
“To date, over nineteen million gold ounces have been discovered in Guerrero and when one considers that Mexico is also one of the best mining jurisdictions in the world, it simply makes sense to operate in a country where there is such a long history of mining,” Whittall told MINING.com.
Matthew Piggot, a mining analyst with Thomson Reuters GFMS, said in August that the nation – which made Bloomberg’s Top 10 list of gold producing countries for the first time in 2011– may have “mega” gold deposits still untouched.