Day: January 12, 2015

Goldcorp 2014 gold production increases 11% as costs decrease 6%; Forecast production growth of approximately 20% in 2015

Record gold production of 886,000 ounces in the fourth quarter, resulting in 2014 gold production of a record 2.871 million ounces.
All-in sustaining costs2 total approximately $1,045 per ounce in the fourth quarter of 2014; all-in sustaining costs decreased 6% to approximately $950 per gold ounce for 2014.
Forecast 2015 gold production to grow approximately 20% to between 3.3 and 3.6 million ounces, in line with previous Company guidance after divestitures of Marigold and Wharf mines.

Yamana Announces C$260.2 Million Equity Financing

YAMANA GOLD INC. today announced it has entered into an agreement with a syndicate of underwriters led by Canaccord Genuity Corp. and National Bank Financial Markets under which the Lead Underwriters have agreed to buy on a bought deal basis by way of a short form prospectus, 49,100,000 common shares of Yamana at a price of C$5.30 per Share for gross proceeds of C$260,230,000. In addition, the Company has agreed to grant to the Underwriters an option to purchase from the Company up to an additional 7,365,000 Shares at a price of C$5.30 per Share, on the same terms and conditions as the Offering, exercisable any time, in whole or in part, until the date that is 30 days after and including the closing date of the Offering. If the Over-Allotment Option is exercised in full, the total gross proceeds to Yamana will be C$299,264,500.

Soltoro Identifies Additional Gold Zone at the El Rayo Project

Soltoro Ltd. has identified a new gold zone on its 100%-owned El Rayo project located in Jalisco, Mexico. The newly identified Tierra Blanca gold target is located along the western concession boundary of Soltoro’s El Rayo Project and extends onto Agnico Eagle’s El Barqueno property. Anomalous gold mineralization occurs in a series of west-northwest-trending zones of argillic alteration containing varying amounts of subparallel quartz veining or silicification. Alteration zones are up to five metres in width containing individual zones of veining up to one metre in width. To date, eight chip samples have been collected from exposures in the area yielding values ranging from 9 ppb gold to 161 ppb gold (0.161 g/t gold) with seven of the eight containing greater than 10 ppb gold and two containing greater than 100 ppb gold. Anomalous gold is associated with sporadic, low-level anomalies in arsenic, silver, bismuth and molybdenum.

Gold Resource Corporation Reports High Grade Alta Gracia Drill Intercepts Including 5.06 Meters of 1.53 G/T Gold, 1,383 G/T Silver

Gold Resource Corporation today announced high-grade mineralization at its Alta Gracia property with drill intercepts including 5.06 meters of 1.53 grams (0.05 ounces) per tonne gold and 1,383 grams (44 ounces) per tonne silver. Gold Resource Corporation is a gold and silver producer with operations in Oaxaca, Mexico and exploration in Nevada, USA. The Company has returned over $101 million to shareholders in monthly dividends since commercial production July 1, 2010, and offers shareholders the option to convert their cash dividends into physical gold and silver and take delivery.

Endeavour Silver Reports Record Silver Production in 4th Quarter, 2014 and 10th Consecutive Year of Higher Silver Production

Endeavour Silver Corp. reports record silver production of 2,009,172 ounces in the Fourth Quarter, 2014 (up 4% compared to the Fourth Quarter, 2013) as well as 15,127 oz gold (down 14% compared to the Fourth Quarter, 2013) from the Company’s three operating silver mines in Mexico: the Guanaceví Mine in Durango State and the Bolañitos and El Cubo Mines in Guanajuato State.

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.