Latest news with #Zacatecas
Yahoo
24-07-2025
- Business
- Yahoo
Orla Mining Reports Pit Wall Event at Camino Rojo
VANCOUVER, BC, July 23, 2025 /CNW/ - Orla Mining Ltd. (TSX: OLA; NYSE: ORLA) ("Orla" or the "Company") reports that an uncontrolled material movement event occurred today on the pit wall at its Camino Rojo Oxide Mine in Zacatecas, Mexico. The event occurred along the temporary north wall of the open pit, which included ore material expected to be mined as part of the ultimate open pit. There were no injuries or equipment damage as a result of the material movement, which was detected early by the pit monitoring systems. The event was caused by significant rain. There was no environmental damage resulting from the incident; however, rainwater diversion channels will need to be re-established to prevent further material subsidence in the pit. While the main access throughout the pit was not affected, mining in the pit has been temporarily suspended. Pit access has been restricted to the necessary technical and operating personnel to support the appropriate geotechnical assessments required for safe remediation and resumption of mining activities. Crushing and stacking of stockpiled material onto the heap leach will continue in the interim. The Company is currently assessing any potential impact of the pit wall event on its full-year production guidance for Camino Rojo. The relevant authorities are being notified as appropriate, and Orla is implementing appropriate remediation measures. The safety of all personnel remains the Company's top priority as it undertakes a comprehensive analysis to ensure the ongoing stability of mining operations. About Orla Mining Ltd. Orla's corporate strategy is to acquire, develop, and operate mineral properties where the Company's expertise can substantially increase stakeholder value. The Company has three material projects, consisting of two operating mines and one development project, all 100% owned by the Company: (1) Camino Rojo, in Zacatecas State, Mexico, an operating gold and silver open-pit and heap leach mine. The property covers over 139,000 hectares which contains a large oxide and sulphide mineral resource, (2) Musselwhite Mine, in Northwestern Ontario, Canada, an underground gold mine that has been in operation for over 25 years and produced over 6 million ounces of gold, with a long history of resource growth and conversion, and (3) South Railroad, in Nevada, United States, a feasibility-stage, open pit, heap leach gold project located on the Carlin trend in Nevada. The technical reports for the Company's material projects are available on Orla's website at and on SEDAR+ and EDGAR under the Company's profile at and respectively. Forward-looking Statements This news release contains certain "forward-looking information" and "forward-looking statements" within the meaning of Canadian securities legislation and within the meaning of Section 27A of the United States Securities Act of 1933, as amended, Section 21E of the United States Exchange Act of 1934, as amended, the United States Private Securities Litigation Reform Act of 1995, or in releases made by the United States Securities and Exchange Commission, all as may be amended from time to time, including, without limitation, statements regarding the impact of the pit wall event on the Company's operations, the Company's ability to remediate the same, and the Company's ability to continue crushing and stacking stockpile material. Forward-looking statements are statements that are not historical facts which address events, results, outcomes or developments that the Company expects to occur. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made and they involve a number of risks and uncertainties. Certain material assumptions regarding such forward-looking statements were made, including without limitation, assumptions regarding the impact of the pit wall event on the Company's operations at Camino Rojo; the Company's ability to carry on mining activities; tonnage of ore to be mined and processed; ore grades and recoveries; that all conditions of the Company's credit facility will be met; that political and legal developments will be consistent with current expectations; the timely receipt of required approvals and permits, including those approvals and permits required for operation of projects; the Company's ability to operate in a safe, efficient, and effective manner; that the Company's activities will be in accordance with the Company's public statements and stated goals; and that there will be no material adverse change or disruptions affecting the Company or its properties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements involve significant known and unknown risks and uncertainties, which could cause actual results to differ materially from those anticipated. These risks include, but are not limited to, the Company's ability to remediate the pit wall event, risks associated with mining operations, risks associated with receipt and compliance with government permits, reclamation costs, environmental and other regulatory requirements; as well as those risk factors discussed in the Company's most recently filed management's discussion and analysis, as well as its annual information form dated March 18, 2025, which are available on and Except as required by the securities disclosure laws and regulations applicable to the Company, the Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. SOURCE Orla Mining Ltd. View original content to download multimedia: Sign in to access your portfolio
Yahoo
04-07-2025
- Business
- Yahoo
Pan American (PAAS) Agrees to Acquire MAG Silver
Pan American Silver Corp. (NYSE:PAAS) is one of the 10 Best Gold Stocks To Buy Right Now. On May 11, Pan American Silver Corp. (NYSE:PAAS) announced that it has entered into a definitive agreement to acquire MAG Silver Corp. Pan American Silver Corp. (NYSE:PAAS) will acquire all of the issued and outstanding common shares of MAG Silver Corp. through a plan of arrangement. A large drill in operation deep in a mine, surrounded by the machinery of a modern extraction site. MAG Silver Corp. is a tier-one primary silver mining company that owns a 44% joint venture interest in the Juanicipio mine. The remaining 56% interest in the mine is owned by Fresnillo plc, which also operates the mine. The Juanicipio mine is a large-scale, high-grade, low-cost silver mine in Zacatecas, Mexico. As part of the agreement, MAG shareholders will receive about $2.1 billion in total, which represents $20.54 per MAG share. This deal creates significant value for Pan American Silver Corp. (NYSE:PAAS) by giving the company 44% ownership in the Juanicipio mine. The mine has good opportunities for further exploration and strengthens the company's position as one of the world's premier silver producers. The Juanicipio mine is expected to produce between 14.7 and 16.7 million ounces of silver in 2025. Pan American Silver Corp. (NYSE:PAAS) is a leading producer of silver and gold in the Americas. The company operates mines in Canada, Mexico, Peru, Brazil, Bolivia, Chile, and Argentina. While we acknowledge the potential of PAAS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 11 Stocks That Will Bounce Back According To Analysts and 11 Best Stocks Under $15 to Buy According to Hedge Funds. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
27-06-2025
- Sport
- Yahoo
'Chicharito' ruled out for Copa por el Bienestar
Javier 'Chicharito' Hernandez will not be traveling with Chivas to compete in the Welfare Cup in Zacatecas, after receiving a blow to the nose during a previous match. Coach Gabriel Milito announced the roster for this new quadrangular, after the team recently won the Morelos Cup. Advertisement He suffered the blow in the match against Atlante in Zacatepec, and the medical team recommended that he not participate in the next match. For this reason, the forward was left off the list. Luis Olivas, who is still recovering from muscle discomfort, was also not called up. Instead, Hugo Camberos and Yael Padilla are joining the team after their stint in the Maurice Revello Tournament. This article was translated into English by Artificial Intelligence. You can read the original version in 🇪🇸 here. 📸 ULISES RUIZ - AFP or licensors
Reuters
18-06-2025
- Reuters
At least 13 killed in central Mexico during shoot-out with organized crime, authorities says
MEXICO CITY, June 18 (Reuters) - At least 13 people were killed during a shoot-out involving organized crime in the central Mexican state of Zacatecas, the state government's secretary general said on Wednesday. "The situation is currently under control," Rodrigo Reyes Muguerza said on social media, adding that the operation was ongoing. There were no reports of injuries among Mexican security forces, he added.
Daily Mail
14-05-2025
- Daily Mail
Horror as man falls to his death after dangling from burning hot air balloon
A video captured the horrifying video moment a man fell to his death after dangling by a rope from a burning hot air balloon. The victim, a 40-year-old man named as Lucio N, died at the First Balloon Festival in Zacatecas, Mexico, on Sunday. He was reportedly in the balloon with two others when the fire broke out, while they were still on the ground. Witnesses said Lucio helped the other two passengers escape but was entangled in the rope while the balloon started to lift off. He was lifted into the air and dangled on the rope before falling. After the video went viral on social media many people praised Lucio's actions. One person commented: 'This man is a hero. That being said. I don't go in hot air balloons for a reason.' 'Heartbreaking. His final act was one of courage and sacrifice. May he rest in peace,' another wrote. A third added: 'What a tragic and heroic story. Luicio's final act of selflessness, trying to save others while facing his own peril, speaks volumes about the strength of the human spirit. 'RIP to him. His courage will not be forgotten.' Rodrigo Reyes Muguerza, the Secretary General of Zacatecas, confirmed what had happened on social media. He said in a statement a participant 'lost his life' after an 'unfortunate incident' while on board a hot air balloon. Muguerza added: 'Immediately, authorities rushed to the scene to provide care and support to the affected people. 'We have requested the State Prosecutor's Office carry out the relevant investigations to clarify the facts and disclose responsibilities.' 'We urge all municipal authorities to strengthen their verification mechanisms to avoid such risks during the development of their activities and festivities.'
