Month: February 2015

Gold Resource Corporation Announces 2014 Preliminary Annual Production Results; Increases Gold Production By 4.7% and Silver Production By 8.7%

Gold Resource Corporation today announced preliminary 2014 fourth quarter and year-end mill production. Annual gold production increased by 4.7% and annual silver production increased by 8.7% over the prior year respective production totals. Due to 2014 metal market volatility, the Company’s production on a precious metal gold equivalent basis equated to approximately 19,057 AuEq ounces for the fourth quarter and 83,902 AuEq ounces at the year ended December 31, 2014, which was just below the Company’s 2014 annual production target of 85,000 AuEq ounces. Gold Resource Corporation is a gold and silver producer with operations in Oaxaca, Mexico and exploration in Nevada, USA. The Company has returned over $102 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.

Arian Silver Acquires 2% Net Smelter Return Royalty on San José Mine

Arian Silver Corporation, a silver exploration, development and production company focussed on silver projects in the silver belt of Zacatecas, Mexico, is pleased to report that it has successfully purchased the 2% Net Smelter Return royalty on its wholly owned San José project.

Parar a minera exigen a edil de Ixtacamaxtitlán en informe

Con la consigna de “Sin la vida, las obras sobran”, pobladores de Ixtacamaxtitlán se apersonaron al Primer Informe de Labores del edil Eleazar Hernández Arroyo para exigir que cumpla el compromiso que firmó en su campaña de rechazar la apertura de una mina para la extracción de oro y plata y negar los permisos de cambio de uso de suelo a la empresa Almaden Minerals.

Torex Provides An Update On Media Reported Security Incidents In The Municipality Of Cocula In Guerrero

Torex Gold Resources Inc. reports that they have received information that 12 community members, from the vicinity of their construction project, have gone missing from the public highway to Cocula, in the State of Guerrero, and from the public waterways. The whereabouts of these community members is unknown at this time. One of the 12 missing community members works for the company as a labourer and was off duty at the time he went missing. Three others work for contractors to the project. Our thoughts are with the individuals and their families, and our site team is providing support through this difficult time for the community.

Excellon Announces Resignation of Director

Excellon Resources Inc. announces that Joanne Ferstman has resigned from the Board of Directors of the Company effective today. Ms. Ferstman has served as a Director of Excellon since April 2013.

KORES-invested copper mine in Mexico starts production

“Minera y Metallurgica del Boleo, or MMB, in which KORES holds 90 percent stake, obtained the first production from its copper mining process plant in Santa Rosalia, Mexico, on Jan. 17,’’ the company said in its statement. “We expect MMB to produce 24,000 tons of copper this year.”

Southern Copper (SCCO) Beats Earnings in Q4, Sales Miss

Southern Copper Corporation posted net income of $348 million or 43 cents in the fourth quarter of 2014, down from with $406.2 million or 48 cents in the year-ago quarter. It however beat the Zacks Consensus Estimate of 37 cents.

Timmins Gold Identifies Potential Satellite Deposits North of San Francisco Mine; Drills 33.85 m of 1.29 g/t Au and 10.2 m of 5.52 g/t Au

Timmins Gold Corp. is pleased to announce that its 2014 drill program has identified potential satellite deposits on the North Trend located approximately 2-8 km north of the Company’s San Francisco Mine, located in northern Sonora, Mexico. During 2014 Timmins Gold completed a drill program of approximately 25,000 meters in a combination of core, reverse circulation and rotary air blast drilling on the North Trend, a cluster of high priority targets to the north of the San Francisco Mine identified by previous prospecting and exploration.

Scorpio Mining Announces Fourth Quarter and Year End 2014 Results and 2015 Guidance

Scorpio Mining Corporation today announced production and preliminary cash costs for the fourth quarter and full year ending December 31, 2014 and provided guidance for 2015 for its Cosalá Operations and Galena Complex. Please note: the merger with U.S. Silver & Gold Inc. closed on December 23, 2014 and the results that follow reflect U.S. Silver & Gold operations for the full fourth quarter and all of 2014. All figures in $USD unless otherwise indicated.

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.