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First Majestic buys Nevada gold mine from Sprott - The Northern Miner


First Majestic buys Nevada gold mine from Sprott
Jerrit Canyon mine in northern Nevada. (
First Majestic Silver (TSX: FR; NYSE:AG) is buying the Jerritt Canyon gold mine in Elko County, Nevada, from Sprott Mining for US$470 million in shares and five million share purchase warrants.
As part of the deal, Sprott Mining President Eric Sprott will complete a US$30 million private placement investment in First Majestic.
The Canadian miner said it had identified opportunities to enhance the mine’s cost and production profile, as well as near-term brownfield potential between the SSX and Smith mines.
Jerritt Canyon was discovered in 1972 and has been in production since 1981. The asset has delivered more than 9.5 million ounces of gold. Last year, it produced 112,749 ounces of gold at a cash cost of US$1,289 per ounce. ....

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First Majestic Silver takes Mexico tax row to arbitration


First Majestic Silver takes Mexico tax row to arbitration
La Encantada silver mine in Mexico. Credit: First Majestic Silver.
First Majestic Silver (TSX: FR; NYSE: AG) has initiated arbitration proceedings against the government of Mexico, which is seeking more than US$500 million from the company in allegedly owed taxes.
The Canadian miner had warned the López Obrador administration last year of its intention to ask the International Centre for Settlement of Investment Disputes to settle the dispute. 
First Majestic said at the time that Mexico had ignored an advanced pricing agreement (APA) with its subsidiary Primero Empresa Minera. The deal, it said, set up the basis for taxing silver sales from the San Dimas mine between 2010-2014.  ....

San Dimas , British Columbia , Empresa Minera , Global Affairs Canada , International Centre For Settlement Of Investment , First Majestic , International Centre , Investment Disputes , Primero Empresa , Global Affairs , Natural Resources , சான் டைமாஸ் , பிரிட்டிஷ் கொலம்பியா , எம்பிரெச மினரா , உலகளாவிய வாழ்க்கைத்தொழில்கள் கனடா , சர்வதேச மையம் க்கு தீர்வு ஆஃப் முதலீடு , முதல் கம்பீரமான , சர்வதேச மையம் , முதலீடு சச்சரவுகள் , பிறிமெரோ எம்பிரெச , உலகளாவிய வாழ்க்கைத்தொழில்கள் , இயற்கை வளங்கள் ,