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.
Orogen Royalties Inc. is pleased to announce the closing of the transaction (previously announced June 9, 2022) with Advance Lithium Corp. whereby Orogen acquired 3% net smelter royalties on three prospective mineral licenses in the Lake Victoria Gold Fields in western Kenya.
US gold mining giant Newmont caved in to union demands over profit-sharing bonuses at its Peñasquito operation in Mexico, amid growing industry-wide pressure.
Mining production in Mexico is estimated to have remained flat in 2022, affected in part by the weakening of construction and the steel industry, according to the head of economics think tank IDIC, José Luis de la Cruz.