Day: March 19, 2014

Osisko Reports February Cash Costs

Osisko Mining Corporation is pleased to report February cash costs per ounce(1) of US$555 (C$613) at its flagship Canadian Malartic mine. Osisko previously announced production of 46,154 ounces of gold with record average daily gold production of 1,648 ounces for the month of February.

In $2 Billion Personal Lawsuit against Grupo Mexico CEO Germán Larrea, Courts Strike Down Larrea’s Attempt to Share Blame with Grupo Mexico Subsidiary

A Mexican district court and now court of appeals both have rejected attempts by Germán Larrea Mota Velasco, CEO of Grupo Mexico SAB de CV to compel Tucson, Arizona-based Americas Mining Corporation, a GMexico subsidiary, to answer as co-defendant in the longstanding personal breach of contract lawsuit brought by U.K. investment firm Infund LLP. Larrea is the controlling shareholder of GMexico and No. 67 on the Forbes 2014 World’s Billionaires list.

Major Drilling Group International Inc. is one of the world’s largest drilling services companies primarily serving the mining industry. Established in 1980, Major Drilling has over 1,000 years of combined experience and expertise within its management team alone.

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Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.