Candente Gold Corp. is pleased to announce, subject to regulatory approval, that it has agreed to carry out a non-brokered private placement (the “Private Placement”) of approximately 16,666,666 common shares at a price of Cdn$0.03 per common share to raise gross proceeds of approximately Cdn$500,000.
Arian Silver Corporation, a silver exploration, development and production company focused on silver projects in the silver belt of Zacatecas, Mexico, is pleased to report the mechanical completion of the lead-silver circuit, and the on-going commissioning of its fully-funded and permitted processing plant at the Company’s wholly-owned San José project.
Aurcana Corporation is pleased to report the Q4 2014 production results of 1,000,214 ounces silver equivalent compared to 698,665 in Q4 2013, an increase of 43%, resulting in 3.7 million ounces of silver equivalent produced in 2014. Silver production increased 33% to 374,507 in Q4 2014, compared to 281,558 in Q4 2013.
Plata Latina Minerals Corporation announces results from the five additional drill holes completed during the Company’s recent drill program on its Naranjillo project located in Guanajuato State, Mexico.
Capstone Mining Corp. today announced operating results for the three and twelve months ended December 31, 2014 for its three operating mines: Pinto Valley, Cozamin and Minto. Combined production totalled 23,100 and 103,300 tonnes of copper (in concentrates and cathode) in the fourth quarter and full year 2014, respectively, with additional by-products of zinc, molybdenum, lead, silver and gold.
Total production during 2014 reached a new record of 15,257,958 equivalent ounces of silver, representing a 19% increase over 2013. The equivalent silver production for 2014 consisted of 11,748,721 ounces of silver, 12,283 ounces of gold, 39,192,908 pounds of lead and 13,130,378 pounds of zinc.
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 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 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 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.
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.
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.
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