Month: July 2014

Analysts Issue More Positive Gold Trends for Miners

The story for gold is firming, and that is also for the gold miners. Sterne Agee’s metals and mining analysts have a report out on Thursday defending gold and the miners, on a day when gold is already soaring due to new European bank worries. The firm’s Michael Dudas and Satyadeep Jain are signaling that the bank policy, technicals and seasonal factors are supportive for gold (and silver).

Amarium Appoints Career Miner as Manager of Operations at San Pedro

Amarium Technologies, Inc. through it’s wholly owned subsidiary Amarium Minerals Inc., reports the appointment of Mr. Troy Morgan as the Manager of Operations at the San Pedro Mine located inMichoacan, Mexico. Mr. Morgan has a substantial history with the Company over the past year in a similar capacity at Amarium’s other production facility, the Jovita Mine. The Company announced earlier in the week that it had completed upgrades to the processing mill at the San Pedro Mine, increasing the daily tonnage capacity from 20 tons per day (tpd) to 120 tpd.

Sierra Metals Dividend Update

Sierra Metals Inc. announces that it is deferring a decision on the declaration and payment of a second quarter dividend until the release of its second quarter financial results, which are expected to be released August 13, 2014.

Capstone Mining 2014 Second Quarter Production Results

Capstone Mining Corp. today announced operating results for the three and six months ending June 30, 2014 of its three operating mines: Pinto Valley, Cozamin and Minto. Combined production totalled 27,700 and 55,300 tonnes of copper (in concentrates and cathode) in the second quarter and year-to-date periods, respectively, with additional by-products of zinc, molybdenum, lead, silver and gold.

Aurcana Announces New President & CEO

Aurcana Corporation announces that Mr. Lenic Rodriguez, President and CEO, will be leaving his management position with the Company, effective July 19. The board would like to thank Mr. Rodriguez for his past services.

Fortuna reports production of 1.6 million ounces of silver and 8,519 ounces of gold for the second quarter 2014

Fortuna Silver Mines Inc. is pleased to announce second quarter production figures from its two 100 percent owned operating mines in Latin America, the San Jose Mine in Mexico and the Caylloma Mine in Peru. The company produced 1.6 million ounces of silver, 8,519 ounces of gold and significant base metal by-products. Silver and gold productions for the first six months of the year totaled 3.2 million and 16,669 ounces respectively; reflecting 53 and 52 percent of the company’s annual guidance. Fortuna is on schedule to produce 6 million ounces of silver and 32,300 ounces of gold or 7.9 million ounces of Ag Eq* in 2014.

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.