Year: 2014

Timmins Gold Reports Production of 27,013 Gold Equivalent Ounces for the Third Quarter of 2014

Timmins Gold Corp. is pleased to report preliminary production results for the Company’s third quarter ended September 30, 2014. The Company produced 27,013 gold equivalent ounces during the quarter. Production for the first three quarters of 2014 was 97,687 gold equivalent ounces. Production during the quarter was impacted by record storms and rainfall in September which restricted access to the pit. This resulted in the Company processing lower grade ore from stockpiles and also caused dilution of gold in the leaching solutions, which reduced the recovered ounces. Despite the disruptions caused by the storms, including power outages, the operating team managed to maintain average crushing throughput in excess of 24,000 tpd. Operations are now back to normal. Management maintains production and cost guidance for the year and expects to reach the higher range of production guidance of 115,000 to 125,000 ounces of gold equivalent.

Primero Announces Management Changes

Primero Mining Corp. announced today that Mr. Renaud Adams , President and Chief Operating Officer, has resigned effectively immediately to pursue other opportunities. Mr. Adams’ duties will be assumed by senior management on an interim basis while a search for his replacement is completed.

Cyprium Mining secures mill feed for Aldama Plant

First deliveries mill feed to the Aldama plant expected shortly.
Cyprium to purchase mill feed, process and sell concentrates.
Use of the Aldama plant by Cyprium to also serve as optimization of plant operations ahead of production from Las Cristinas.

Paramount Gold and Silver Discovers New High Grade Structure on San Miguel Project in Mexico

Paramount Gold and Silver Corp. on the first drill hole of the exploration program recently initiated on its 100%-owned San Miguel Project in northern Mexico has discovered a new high grade precious metals structure called Dana. The new discovery runs about 500 meters west of the Don Ese structure and parallel to it, and has a strike length potential on Paramount ground of about one kilometer. Don Ese is the highest grade and most valuable gold/silver deposit at San Miguel.

Levon Resources Ltd. Acquires 9.9% of Pershing Gold

Levon Resources Ltd. is pleased to announce it has agreed to make an investment into Pershing Gold Corporation in the amount of US$9.85 million, acquiring 35,178,572 shares of common stock of Pershing, representing an approximate 9.9% interest in Pershing. The transaction is expected to close on or about October 17, 2014. Pershing’s common stock is traded on the OTCQB under the symbol PGLC.

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