Avino Silver & Gold Mines Ltd. is pleased to announce the following expansion update from its Avino mine and operational update from its San Gonzalo Mine, both of which are located on Avino property, 80km northeast of Durango, Mexico.
BIG NORTH GRAPHITE CORP. announces that the Company has released a report prepared by Tetra Tech WEI Inc titled “Grafito De Mexico Property Plant Assessment Report” and dated August 13, 2014, regarding the Company’s recently acquired El Tejon project located in Oaxaca, Mexico. Big North commissioned the Report as part of its due diligence process and a site visit was completed January 17-20, 2014, by Andre de Ruujiter, P. Eng, of Tetra Tech.
Pan American Silver Corp. produced 6.56 million ounces of silver and 37,700 ounces of gold during the second quarter of 2014, an increase of 6% and 26%, respectively from the second quarter of 2013. All-in sustaining costs per silver ounce sold, net of by-product credits, declined 14% from the second quarter of 2013 to $18.23 per silver ounce. The Company also posted consolidated cash costs per payable silver ounce produced, net of by-product credits of $12.06, similar to the $12.09 recorded in the second quarter of 2013. Year-to-date, Pan American has produced 13.18 million ounces of silver and 83,600 ounces of gold at AISCSOS of $16.82 and Cash Costs per Ounce of $10.15.
SilverCrest Mines Inc. is pleased to announce its financial results for the second quarter ended June 30, 2014. All financial information is prepared in accordance with IFRS and all dollar amounts are expressed in U.S. dollars unless otherwise specified. The information in this news release should be read in conjunction with the Company’s unaudited condensed consolidated interim financial statements for the three and six months ended June 30, 2014, and associated management discussion and analysis which are available from the Company’s website atwww.silvercrestmines.com and under the Company’s profile on SEDAR at www.sedar.com.
Pan American Silver Corp.’s Board of Directors has approved the third quarterly cash dividend of 2014 in the amount of $0.125 per common share. Should the Company’s Board of Directors continue to approve future quarterly dividends in the same amount, the annual cash dividend paid by Pan American would be $0.50 per common share, which represents a yield of approximately 3.3% based on the Company’s closing share price on NASDAQ on August 13, 2014.
Jim Bannantine, the Company’s President and CEO, stated “Aura’s continued focus on operational efficiencies and effective cost reduction programs has resulted in a profitable quarter for the Company. The first half of 2014 was relatively in-line with our production expectations and we are on track to meet 2014’s guidance. Aura has been able to utilize the operating cash flow generated to manage its third party debt.
A Canadian-owned mine in northern Mexico spilled nearly 1.9 million litres of a cyanide solution used in heap-leach gold mining, after heavy rains caused a retaining pond to overflow.
Plata Latina Minerals Corporation (“Plata Latina” or the “Company”) is pleased to announce that it has arranged for a non-brokered private placement of up to 12 million units (“Units”) at a price of C$0.10 per Unit for gross proceeds of up to C$1.2 million.
Torex Gold Resources Inc. is pleased to announce that 56.5 million common share purchase warrants have been exercised into an equivalent number of common shares of the Company at a price of $1.50 per share, for total proceeds to the Company of $84.8 million.
MAG Silver Corp., announces that the remainder of the over-allotment option from the previously closed C$79 million bought deal financing has been fully exercised by the underwriters, and the closing of the sale of the additional 706,000 common shares at a price of C$10.25 per common share is expected to occur on or about August 18, 2014. The additional gross proceeds of C$7,236,500 from this further exercise of the over-allotment option brings the total gross proceeds raised from the full offering to C$86,284,500, and the Company’s cash position after the closing is estimated to be approximately US$90 million with no debt.
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