{"id":1181596,"date":"2020-04-30T08:55:16","date_gmt":"2020-04-30T13:55:16","guid":{"rendered":"https:\/\/www.mining.com\/?p=1022291"},"modified":"2020-04-30T08:55:16","modified_gmt":"2020-04-30T13:55:16","slug":"endeavour-silver-to-reopen-mexican-mines-amid-lockdown-extension","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1181596","title":{"rendered":"Endeavour Silver to reopen Mexican mines amid lockdown extension"},"content":{"rendered":"<p>Canada\u2019s Endeavour Silver (TSX:<br \/>\nEDR)&nbsp;(NYSE: EXK) anticipates&nbsp;<a href=\"https:\/\/www.edrsilver.com\/English\/news\/press-release-details\/2020\/Mexican-Government-Decrees-Restart-of-Non-Essential-Activities-Such-as-Mining-in-Areas-with-No-or-Low-SARS-CoV2-Virus-Cases-on-May-18-2020Endeavour-Silver-Files-Final-Base-Shelf-Prospectus\/default.aspx\"  rel=\"noreferrer noopener\">reopening its three Mexican mines on May 18<\/a>, despite the country\u2019s<br \/>\ngovernment extending the suspension of all non-essential activities until May<br \/>\n30.<\/p>\n<div class='d-flex justify-content-center d-xs-block d-sm-block d-md-none'>\n<div id='div-gpt-ad-1561499308230-0'><script>googletag.cmd.push(function() {googletag.display('div-gpt-ad-1561499308230-0');});<\/script><\/div>\n<\/div>\n<p>The reason for the expected early resumption of operations, the silver miner said, is that President&nbsp;Andres Manuel Lopez Obrador said he would allow the restart of certain activities, including mining, in areas with low numbers of coronavirus cases.<\/p>\n<p>Endeavour\u2019s Guanacevi, Bolanitos and El Comp\u00e1s mines are all located \u00a0in municipalities with low or no transmission of covid-19, the company said.<\/p>\n<figure class=\"wp-block-pullquote alignright\">\n<blockquote>\n<p>Guanacevi, Bolanitos and El Comp\u00e1s mines are all located \u00a0in municipalities with low or no transmission of covid-19, says Endeavour.<\/p>\n<\/blockquote>\n<\/figure>\n<p>&nbsp;\u201cWe look forward to bringing<br \/>\nour mines back to production in a safe and orderly manner,\u201d chief executive, Bradford<br \/>\nCooke, said in the statement. \u201cNaturally, we will continue to apply all aspects<br \/>\nof our coronavirus plan to maintain the health of our people and the local communities.\u201d<\/p>\n<p>The Vancouver-based silver producer<br \/>\nhas also filed a new shelf prospectus in the united States, hoping to ease needed<br \/>\nfinancing to construct the Terronera project, which could become its next core<br \/>\nasset.<\/p>\n<p>Potentially Endeavour\u2019s fifth and largest mine, Terronera is located in San Sebastian, a historic silver mining district in Mexico, 40 km northeast of Puerto Vallarta, in the Jalisco State.<\/p>\n<h2><strong>Hardest hit commodity<\/strong><\/h2>\n<p>Silver has been the commodity <a href=\"https:\/\/www.mining.com\/silver-miners-hit-hardest-by-lockdowns-report\/\"  rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\">hardest hit by mine closures<\/a> mandated by governments to top the spread of the coronavirus pandemic.<\/p>\n<p>Mexican industry leaders have <a href=\"https:\/\/www.mining.com\/mexicos-mining-halt-to-hit-silver-supply\/\"  rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\">been pushing for an exclusion<\/a> to the temporary halt of non-essential activities. They argue that mining should be allowed to continue due to its importance to national supply chains and the wellbeing of host communities.<\/p>\n<p>\u201cTo define the mining sector as<br \/>\nnon-essential, is not only to economically affect thousands of workers, but<br \/>\nalso to leave 656 communities alone where we operate and to whom we provide<br \/>\nbasic health services,\u201d Fernando Alan\u00eds, president of the Mexican mining<br \/>\nchamber (Camimex),&nbsp;<a href=\"https:\/\/twitter.com\/falaniso\/status\/1245140148272144384\"  rel=\"noreferrer noopener\">said<br \/>\nin March via Twitter<\/a>.<\/p>\n<p>Mexico is facing in 2020 one of the deepest recessions in its history as an already weak economy can barely cope with the impact of the coronavirus outbreak.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.mining.com\/wp-content\/uploads\/2020\/04\/untitled.png\" alt=\"Global production on hold by commodity\" class=\"wp-image-1022089\" srcset=\"https:\/\/www.mining.com\/wp-content\/uploads\/2020\/04\/untitled.png 602w, https:\/\/www.mining.com\/wp-content\/uploads\/2020\/04\/untitled-300x254.png 300w\" sizes=\"(max-width: 602px) 100vw, 602px\" \/><figcaption>Among the mining activities affected by covid-19, silver production has been the biggest victim, with nearly 66% of the world\u2019s annual output still on hold.<\/figcaption><\/figure>\n<p>The country\u2019s economy is forecast to contract 6.7% this year, deeper than during the devastating Tequila Crisis of the mid 1990s, the <a href=\"https:\/\/www.banamex.com\/sitios\/analisis-financiero\/notas\/economia\/2475495.html\"  rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\">latest Citibanamex analysts survey shows<\/a>. <\/p>\n<p>Mexico is responsible for nearly 23% of world production of silver, churning out more than 200 million ounces last year, up from 196.6 million ounces in 2018. <\/p>\n<p>It also has major copper and zinc mines, operated by Grupo Mexico and Southern Copper, and produces a significant amount of gold, making the mining sector responsible for about 4% of the nation\u2019s gross domestic product. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Andres Manuel Lopez Obrador said he would allow the restart of certain activities, including mining, before June.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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