Stroud Resources Ltd. is a Canadian public company listed on the TSX Venture Exchange, trading under the symbol “SDR”. Stroud’s mission is to create shareholder value through the exploration and discovery of precious metal deposits. It has previously focused on an easily accessible, epithermal gold and silver projects in Mexico and Archean gold deposits in Canada.
Size still matters. And in the case of Newmont, its Penasquito mine in Mexico matters a lot. This open pit project produced 348,000 ounces of gold and 590,000 ounces of silver through the end of June 2021.
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Mining industry investment in Mexico would increase in 2022, but would still be far from the record figures of a few years ago, due to the effects of growing security problems in the country, a high tax burden and the government’s decision to stop granting new concessions.
Mexico-focused mining companies are taking initial steps toward reducing reliance on diesel-powered vehicles, with plans to deploy electric trucks at major mines and efforts underway to evaluate and advance other carbon-reducing alternatives.
Mexican President Andres Manuel Lopez Obrador said his administration will issue a call for US and Canadian companies to participate in the country’s incipient lithium market.
