Day: March 25, 2015

Copper Rebounds as Rains Shut Mines in World’s Biggest Producer

Copper rose as much as 0.6 percent. Some of the world’s largest copper mines were forced to shut down as rains in the Atacama Desert of northern Chile closed roads and flooded towns. Codelco, the world’s biggest copper producer, shut all of its Atacama mines including Chuquicamata and Radomiro Tomic, according to the state-owned company.

Silvercrest Announces 2014 Financial Results; Cash Flow From Operations of $13.8 Million ($0.12 Per Share); Adjusted Earnings of $5.2 Million ($0.04 per Share)

Scott Drever, Chief Executive Officer and Director, stated; “2014 was another challenging but successful year for SilverCrest, as we transitioned from an open pit heap leaching operation at Santa Elena to an underground mining and milling operation. By the start of the fourth quarter, we had successfully commissioned both the underground mine and the 3,000 tonnes per day mill and processing facilities. SilverCrest achieved 93%…

Acusan ejidatarios a minera de dañar tierras

Ejidatarios de San Martín, Colón, se manifestaron frente a la empresa minera Peña de Bernal para exigir el pago de indemnización por daños ocasionados a tierras de uso común, ello luego de que acusaron a la compañía de haber realizado la explotación subterránea en seis hectáreas sin el consentimiento de los ejidatarios.

Excellon Reports 2014 Annual and Fourth Quarter Financial Results

“We had a good start to 2014, though water management slowed development into the Rodilla and 623 mantos later in the year,” stated Brendan Cahill, President and Chief Executive Officer. “Production results during the second half of the year were disappointing, with higher operational costs due to an increased focus on development. That said, improved water management is a clear path to improving production, profitability and cash flows from Platosa, even at current silver prices, and we are increasingly confident in our plan to solve Platosa’s water issues permanently.

Globexplore is a customer focused, technology driven mineral exploration drilling contractor devoted to top of class drilling methods and techniques that only years of experience can achieve. Every day we strive to be the industry leader by providing the highest rate of performance, professionalism, safety and environmental responsibility.

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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.