Day: January 15, 2015

Source Exploration Announces Non-Brokered Private Placement of Up To $800,000

Source Exploration Corp. is pleased to announce that it has arranged a non-brokered private placement of up to 10,000,000 units of the Company at a price of $0.08 per Unit for gross proceeds of up to $800,000. Each Unit will consist of one common share of the Company and one half of one common share purchase warrant. Each Warrant will entitle the holder to purchase one common share of the Company for a period of twenty-four months from the closing date of the Private Placement (subject to early expiry) at a price of $0.08 per common share.

Silvercrest Announces 2014 Production and Provides 2015 Guidance

SilverCrest Mines Inc. is pleased to announce record production of 2.81 million ounces AgEq for 2014, record production of 936,742 ounces AgEq for the fourth quarter of 2014, and guidance for 2015 from its 100% owned Santa Elena Mine located in Sonora, Mexico. In 2014, the Santa Elena Mine successfully transitioned from an open pit heap leach operation to an underground mining and milling operation. For additional information and to view photos and videos, please visit the Company’s website at www.silvercrestmines.com.

McEwen Mining Reports Record Production in 2014

McEwen Mining Inc. is pleased to announce Q4 and 2014 full-year production results.
In Q4 2014, the Company produced a quarterly record of 27,412 gold oz and 973,417 silver oz.
In 2014 the Company produced an annual record of 84,363 gold oz and 3,195,693 silver oz.

Capstone Mining Announces New $500 Million Corporate Credit Facility

Capstone Mining Corp. has entered into an amended Senior Secured Corporate Revolving Credit Facility for up to $500 million with Scotiabank (Co-Lead Arranger, Joint Bookrunner and Administrative Agent) and Canadian Imperial Bank of Commerce (Co-Lead Arranger, Joint Bookrunner and Syndication Agent). Other syndicate lenders include Citibank, N.A., Canadian Branch; Wells Fargo Bank N.A., Canadian Branch; Export Development Canada; Bank of Montreal; Mizuho Bank, Ltd.; and ING Capital LLC. This facility amends Capstone’s existing senior secured corporate revolving term facility and allows for the repayment and cancellation of the existing senior secured reducing revolving credit facility.,

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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.