Golden Minerals Company today announced that it intends to offer and sell units consisting of shares of its common stock and warrants to purchase its common stock in an underwritten public offering. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.
Coeur Mining, Inc. announced today that it has filed its technical report pursuant to Canadian National Instrument 43-101 for its wholly-owned La Preciosa silver-gold project located in Durango state, Mexico. The report dated August 29, 2014 and effective July 29, 2014 was produced in accordance with NI 43-101 guidelines. A copy of the technical report may be obtained at www.sedar.com.
SilverCrest Mines Inc. is pleased to announce results of underground infill drilling completed in July, 2014 at its 100% owned Santa Elena Mine in Sonora, Mexico. Twenty five closely-spaced underground drill holes, totaling 2,856 metres were completed to better define reserves and verify widths and grades for planned production stopes. The results of all holes included in this news release will be part of the resource update scheduled to be completed by early 2015.
United States Antimony Corporation reported that natural gas had been turned on at its Mexican Madero Smelter. Natural gas will be approximately seventy percent lower than the cost of propane, and it is expected to significantly increase the gross margin. The Company is also adding four more furnaces that will increase smelter output by 50% and start reducing the inventory of smelter feed. Presently, the smelter is shipping antimony metal of a very high grade similar to Chinese Grade 1. All production is in a sold out status.
Santacruz Silver Mining Ltd. is pleased to announce that its subsidiary, Impulsora Minera Santacruz S.A. de C.V., has successfully renegotiated terms of its agreement to acquire a 100% interest in the San Felipe project and adjacent El Gachi property located near Hermosillo, Sonora, Mexico with Minera Hochschild Mexico S.A. de C.V.
Almaden Minerals Ltd. is pleased to report positive results from an updated National Instrument 43-101 compliant Preliminary Economic Assessment on its 100% owned Ixtaca Gold-Silver deposit, Mexico. The maiden PEA (reported in a Company news release on April 14th, 2014) and the PEA update have been prepared by Moose Mountain Technical Services and Knight Piésold Ltd. The conclusions and recommendations of the maiden PEA were that the Ixtaca deposit may be economically viable and the Company should proceed to a Pre-Feasibility study. Since that time work has commenced towards a PFS. The PEA Update (30,000 tonnes per day base case scenario) significantly reduces initial capital. Initial capital is further reduced with an alternative “ramp-up” case that starts with a smaller 7,000 tonnes per day mill and ramps up to 30,000 tonnes per day by Year 6. The PEA Update uses:
Mercator Minerals Ltd announces the resignation of Roman Friedrich III from the board of directors of the Company effective immediately.
Levon Resources Ltd. announces an updated resource estimate for the Company’s 100% owned Cordero project located 35 kilometers northeast of Hildalgo Del Parral, Chihuahua, Mexico. The updated resource estimate reported in this news release is effective September 03, 2014, and takes into account all of the results of the Company’s Phase 4 core drilling program completed to date.
Cerca de unos 250 transportistas que ofrecen sus servicios a la empresa acerera ArcelorMittal, amagaron con realizar un bloqueo a la entrada de la misma el próximo miércoles, toda vez que exigen el incremento del 25 por ciento a la tarifa por traslado de tonelada de mineral; la compañía solamente les ofrece un ocho por ciento, lo que ellos consideran un abuso.
GOLDCORP INC. today announced that its El Sauzal mine in Chihuahua, Mexico is experiencing movement in the highwall slope of the Trini pit. As a safety precaution, mining operations have been suspended until a geotechnical survey team can assess the potential impact of the instability on the mine’s operation. The current year represents the final year of El Sauzal’s active mine life, with 100,000 to 105,000 ounces of gold production expected in 2014. As of August 28, 2014 approximately 37,000 ounces of gold have been produced.
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