Day: May 7, 2014

Minera Autlán tiene panorama alentador para este año

Las expectativas para Minera Autlán en este año son alentadoras partiendo de que los motores de crecimiento provendrán de la incorporación de los resultados de la compañía Energética Mexicana (CEM), la cual desarrolló y opera la Central Hidroeléctrica de Atexcaco.

Capstone Mining Reports Operating Cash Flow Increases 134% to $47.1 Million

Capstone Mining Corp. today announced its financial results for the three months ended March 31, 2014, posting a loss of $4.4 million due to a non-cash ore stockpile write-down. Operating cash flow before changes in working capital was $47.1 million compared to $20.1 million in the first quarter of 2013. Copper production for the quarter at Capstone’s three operating mines, Pinto Valley, Cozamin and Minto, totalled 27,644 tonnes of copper in concentrates and cathode (26,635 tonnes of payable copper) at a C1 cash cost of $1.89 per payable pound of copper produced.

Coeur Reports First Quarter 2014 Results

Coeur Mining, Inc. reported first quarter 2014 revenue of $159.6 million, adjusted net loss1 of $19.5 million, and cash flow from operating activities of $(9.6) million ($14.9 million before changes in operating assets and liabilities). The Company realized average metal prices of $20.29 per silver ounce and $1,298 per gold ounce during the quarter, which were 33% and 20% lower, respectively, than during the first quarter of 2013.

GoGold Starts Processing Ore at its Parral Mine

GoGold Resources Ltd. is pleased to announce that the Parral heap leach project in Chihuahua, Mexico has reached a major milestone with the start of commissioning of agglomeration and ore stacking on the heap leach pad. It is anticipated that the first silver/gold Dore pour will occur near the end of this month. The company has been delivering ore to the heap leach facility since late April. The phase one leach pad is nearing completion and will accommodate the first two years of commercial production. Construction of the front end agglomeration circuit is complete and commissioning has begun. The processing is expected to gradually increase to 5,000 tpd over the next three months. The entire processing facility is approximately 90% complete with the remainder to be finished within the month and the project is on budget.

Evrim Announces $1.6 Million Non-Brokered Private Placement

Evrim Resources Corp. announces it has arranged a 5,000,000 share non-brokered private placement at $0.32 per share for gross proceeds of $1.6 million. The shares will be subject to a four month hold from the date of closing under Canadian Securities Law. Finder’s fees of six per cent will be paid to eligible parties in conjunction with the placement.

Great Panther Silver Reports First Quarter 2014 Financial Results

GREAT PANTHER SILVER LIMITED today reported financial results for the Company’s three months ended March 31, 2014. The full version of the Company’s unaudited condensed interim consolidated financial statements, and Management’s Discussion and Analysis can be viewed on the Company’s website at www.greatpanther.com, or SEDAR at www.sedar.com. All financial information is prepared in accordance with IFRS and all dollar amounts are expressed in Canadian dollars unless otherwise indicated.

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.

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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.