Americas Gold and Silver will invest $600 million in the San Rafael mine


The Canadian company declares itself ready to start a new and renewed stage of uninterrupted production of silver, zinc, and lead.

Cosalá, Sinaloa.- The Americas Gold and Silver company, concessionaire of the San Rafael mine in Cosalá, Sinaloa, announced during the reopening ceremony an investment plan for more than $600 million pesos with the objective of investing in its operations and increasing its production for the following years.

The announcement made by the President and CEO of the company, Darren Blasutti, was attended by the Secretary of Economy, Tatiana Clouthier, as well as the Governor of the State of Sinaloa, Rubén Rocha Moya, the municipal president of Cosalá, Carla Corrales, as well as local authorities. .

After 19 months that the facilities were illegally blocked, and after the agreement signed on July 6 that allowed the restart of operations and with it the return of workers to their sources of employment, the company declares itself ready to start a new and renewed stage of uninterrupted production of silver, zinc, and lead.

The investments were announced for more than $600 million pesos and will be made in the following three years. This amount is added to the investments made by the Canadian company in Mexico for more than 20 years, and those specifically executed in the San Rafael mine since its opening in 2016.

“For partners and investors of Americas Gold and Silver, the San Rafael mine is one of the assets with the greatest potential and generates benefits not only for the business but also for the workers, their families and the community of both Cosalá and Sinaloa. ”, said Darren Blasutti, President and CEO of the company. Blasutti, who was accompanied by his management team, added “we are sure that the investment we have committed to, in addition to being a sign of confidence in the country, will detonate production and boost the economic recovery of the region, which is so necessary after the pandemic. and the blockade of the mine”.

During this same event, Blasutti recognized the professionalism and dedication of the more than 300 workers who are directly employed at the mine and endorsed the company’s values, which, among others, aim to guarantee the well-being of its collaborators in a work environment worthy, with safety and hygiene conditions aligned with the highest international quality standards.

Similarly, the company highlighted its duty to care for and preserve the environment with clean and responsible management that complies with all current environmental licenses and authorizations in laws and official regulations, particularly those that apply specifically to the mining industry. with the aim of minimizing the impacts derived from its activity.

In turn, Blasutti was emphatic in pointing out that today more than ever the company is willing to continue collaborating with the State government, headed by Governor Rubén Rocha Moya, and the municipality of Cosalá through initiatives that generate community benefits in favor of development. economic and social of the region.

Finally, Americas Gold and Silver once again reiterated its willingness to continue investing in Mexico, under the premise of putting the safety and well-being of its employees first, caring for the environment, and collaborating with the communities where it operates. of its values ​​and corporate culture.


The Mazatlan Post