financetom
Business
financetom
/
Business
/
GR Silver Mining Drops 5% After Temporarily Pausing Plomosas Silver Project Field Work
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
GR Silver Mining Drops 5% After Temporarily Pausing Plomosas Silver Project Field Work
May 25, 2025 8:52 PM

09:45 AM EDT, 04/29/2025 (MT Newswires) -- GR Silver Mining ( GRSLF ) fell 5% on Tuesday after temporarily pausing field work on the Plomosas Silver Project in Sinaloa, Mexico, to give the Mexican government time to increase security and stability in the area.

The company said work will resume when management considers it "prudent to do so." GR Silver's geologists and other staff will continue their work in the interim based out of the company's nearby office in El Rosario. Exploration work at the Rosario office will include continuous data modelling of the information collected to date.

GR Silver Mining ( GRSLF ) also added that it will continue third-party discussions to facilitate commencement of a Bulk Sampling Test Mining program at the permitted former Plomosas Mine and explore opportunities to achieve critical mass in the Mexican silver mining industry.

Shares of the company were last seen down $0.0075 at $0.1375 on the TSX Venture Exchange.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Sector Update: Consumer
Sector Update: Consumer
Apr 3, 2025
03:35 PM EDT, 04/03/2025 (MT Newswires) -- Consumer stocks were mixed late Thursday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) rising 0.6% and the Consumer Discretionary Select Sector SPDR Fund (XLY) dropping 6.1%. In sector news, President Donald Trump's auto tariffs will likely cost US car buyers about $30 billion in the first year, assuming carmakers will...
Analysis-Mexico free trade with US may survive as Trump spares it from new tariffs, hits rivals
Analysis-Mexico free trade with US may survive as Trump spares it from new tariffs, hits rivals
Apr 3, 2025
MEXICO CITY (Reuters) - President Donald Trump's Liberation Day appeared set to end North American free trade and Mexico's privileged access to the U.S.  Instead, Mexican officials are celebrating being left off Trump's global tariffs list, with analysts suggesting the omission could prolong North American free trade.  On a day in which nearly all countries were hit with at least...
Stellantis to idle Michigan plant for several weeks due to engine shortage
Stellantis to idle Michigan plant for several weeks due to engine shortage
Apr 3, 2025
April 3 (Reuters) - Chrysler-parent Stellantis ( STLA ) said on Thursday it is idling a plant in Warren, Michigan, for several weeks due to a shortage of engines. It said the issue is unrelated to new U.S. auto tariffs. The automaker said it is allocating all available engines to support production of the Ram 1500 at the Sterling Heights...
US FDA approves Amgen's Uplizna as first treatment for rare immune disorder
US FDA approves Amgen's Uplizna as first treatment for rare immune disorder
Apr 3, 2025
(Reuters) -The U.S. Food and Drug Administration has approved expanded use of Amgen's ( AMGN ) drug, Uplizna, to help reduce the risk of flares in patients with a rare immune system-related condition, the regulator said on Thursday. The drug, also known as inebilizumab, has now become the first FDA-approved treatment for Immunoglobulin G4-related disease (IgG4-RD), a rare condition in...
Copyright 2023-2025 - www.financetom.com All Rights Reserved