- Fortuna Reports Fatality at San Jose Mine August 19, 2019
- Aura Announces Geological and Exploration Updates August 19, 2019
- SSR Mining Announces Closing of SilverCrest Financing August 19, 2019
- Goldgroup Provides Update in Respect of Majority Voting Policy August 16, 2019
- Magna Gold Corp. Announces Completion of Acquisition of Las Marias Property August 16, 2019
- Discovery Metals Grants Stock Options August 16, 2019
- SilverCrest Closes $25,308,855 Million Bought Deal Financing August 15, 2019
- Minera Alamos Announces Commencement of Phase 2 Drilling at Santana Gold Project August 15, 2019
- IMPACT Silver Announces Q2 2019 Financial & Production Results August 14, 2019
- Aura Minerals Files Third Quarter 2018 Financial and Operational Results August 14, 2019
- Sierra Metals Reports Consolidated Financial Results for the Second Quarter of 2019. Conference Call August 15, 2019 at 10:30 EDT August 14, 2019
- Telson Curtails Mining Operations at Campo Morado and Plans to Focus on Construction of Mine at Tahuehueto Gold Project August 14, 2019
Rodrigo Barbosa, President and CEO, stated, ”After important strategic moves with the sale of the Serrote project, the merger with Rio Novo, and the restart of our Aranzazu project, we also made strategic investments in exploration with positive results that we are pleased to announce.”
”Now that the federal project development permit approvals have been received we are excited to commence the drilling phase of our much anticipated 2019 Santana exploration program. The last year has allowed us to dramatically expand our geological understanding of the overall Santana project area and the new drill program should allow us to start to demonstrate its true potential.” stated Darren Koningen, CEO of Minera Alamos.
Telson Curtails Mining Operations at Campo Morado and Plans to Focus on Construction of Mine at Tahuehueto Gold Project
Telson Mining Corporation has decided to indefinitely curtail operations at its Campo Morado mine in Guerrero State, Mexico and place the mining project into care and maintenance.
Más de 5 mil trabajadores, propios y subcontratados, laboran por turnos las 24 horas de todos los días, incluidos sábados y domingos, en la mina a cielo abierto Peñasquito, para compensar la caída de la producción de oro, plata, cobre, plomo y zinc luego de 81 días de bloqueo en el complejo ubicado en el valle de Mazapil, en el norte de Zacatecas.
Kootenay Announces Drill Results Confirming Shallow, High Grade Silver Mineralization on Columba Silver Project, Mexico
Kootenay President and CEO James McDonald states, ‘We are off to a successful start with our first six holes drilled at Columba verifying the F Vein is where expected and carrying high grade silver mineralization as high as 775 gpt silver. Drilling and detailed surface mapping confirms our belief the system is large and strong giving us added confidence in the chances of discovering a high-grade silver deposit.’
Mako Mining Corp. is pleased to provide an update on its recently completed rights offering; progress at its fully-permitted San Albino project in Nueva Segovia, Nicaragua where we are developing a high-grade open pit gold mine next year; the closing down of its La Trinidad mine in Sinaloa, Mexico; and management and board changes, including the appointment of Akiba Leisman, formerly Interim CEO, as CEO of Mako.
Goldplay President and CEO Marcio Fonseca commented, ‘A year ago, our data indicated high-grade silver, lead and zinc at San Marcial. We have now added high-grade gold over multiple target areas covering approximately 6 km of trend prospective for gold and silver mineralization.’
SSR Mining Inc. announces that it has completed the previously announced transaction with SilverCrest Metals Inc. to purchase, on a private placement basis, 780,000 common shares of SilverCrest at a price of C$5.85 per common share for total consideration of C$4,563,000.
Goldgroup Mining Inc. announces that further to its Annual General Meeting of Shareholders of the Company held on July 31, 2019, directors Keith Piggott and Harry Burgess have not tendered their resignations as directors pursuant to the Company’s Majority Voting Policy, due to mitigating circumstances which have been communicated to the TSX.
Magna Gold Corp. is pleased to announce that further to its press release on May 27, 2019, it has completed the acquisition of the Las Marias Property and Las Cabanas mineral claims. Las Marias Property consists of 7 mining concessions covering 646 hectares adjacent to the Mercedes Property and Las Cabanas consists of 2 claims covering 248 hectares located approximately 10 km south-west of the Mercedes Property in Sonora, Mexico. The total purchase price for the new mineral concessions and other rights was $250,000 and the issuance of 1,000,000 common shares of the Corporation.
SilverCrest Metals Inc. is pleased to announce the completion of its prospectus offering announced on July 23, 2019 whereby the Company issued a total of 4,326,300 common shares at a price of $5.85 per common share for gross proceeds of $25,308,855, including exercise of the over?allotment option in full. The Offering was led by National Bank Financial Inc. and Desjardins Capital Markets on behalf of a syndicate of underwriters that included Cormark Securities Inc., PI Financial Corp., RBC Dominion Securities Inc., BMO Nesbitt Burns Inc., Eight Capital, Beacon Securities Limited, Roth Capital Partners, LLC and Scotia Capital Inc. The Company paid the underwriters an aggregate cash commission of $1,252,942. The Company plans to use the net proceeds of the Offering for continued exploration and advancement of the Las Chispas Project to feasibility level and for working capital purposes.
Fred Davidson, President & CEO of IMPACT stated, ”Nearly seven years into this mineral downturn, silver had a challenging first half of 2019. Continuing the cost reduction efforts implemented from September 2018, operating expenses in Q2 2019 dropped to just $3.0 million from $3.8 million, a sharp 20% decrease despite only a 10% drop in silver ounces sold. The decrease in land package size, keeping the high potential packages with the possibility to quickly re-acquire, showcases the flexibility and nimbleness of our operations. Being the largest employer in Zacualpan for the last 14 years, IMPACT has built up trust and rapport with mining government contacts and local staff.”