Brigadier Buys Mexican Exploration Project
News: Canadian exploration company Brigadier Gold has signed a deal to acquire the Cuatro Ciénegas exploration project in Coahuila, Mexico , from Canadian mining company Santa Fe Metals , Energy Business Review reports. The deal will see Brigadier pay CAD910,528 ( US$882,000 ), over a 42- month period , for the project . The property is reported to include six concessions that cover a total of 3,408 hectares.
BMI View: We expect Mexico's mining sector to experience steady growth in the coming years as mining companies are attracted to large precious and base metals resources. We forecast the value of Mexico's mining sector to grow to US$16.0bn by 2017. The country will benefit from a stable business environment and favourable mining regulations, though drug-related violence may pose a threat to junior miners.