Day: May 7, 2015

SilverCrest accelerates exploration of high grade El Cholugo Zone at Santa Elena Mine

SilverCrest Mines Inc. is pleased to announce initial results of its accelerated underground exploration of the El Cholugo Zone located immediately adjacent to the Main Mineralized Zone currently in production at the Santa Elena Mine, Sonora, Mexico. SilverCrest’s recently released technical report titled, “Update to Santa Elena Pre-Feasibility Study, Sonora, Mexico”, contemplated the exploration and development of El Cholugo in 2016. However, the high gold and silver grades over significant widths and lateral dimensions encountered underground has led the Company to accelerate exploration and development of the Zone with the view to its inclusion in this year’s (2015) mine plan.

Primero Announces Election of Directors

Primero Mining Corp. announces that yesterday, at its annual general and special meeting of shareholders, all directors nominated as listed in the management information circular dated March 24, 2015 were re-elected.

UC Resources Announces Shares for Debt and New Control Person

UC Resources Ltd. announces that, subject to regulatory approval, Sunvault Energy Inc. has agreed to accept shares in the Company as full repayment of past loans in the amount of $80,000 provided by Sunvault to the Company, by the issuance of an aggregate of 1,600,000 common shares of the Company having a deemed value of $0.05 per share…

Hecla Reports First Quarter 2015 Results

“Greens Creek continues to have outstanding performance and Lucky Friday was solid,” saidPhillips S. Baker, Jr., Hecla’s President and CEO. “Casa Berardi produced less gold than last year’s first quarter but we expect production to increase over the remainder of the year and to achieve our guidance. During the first quarter the mines’ performance allowed us to operate within adjusted EBITDA.”

Alamos Reports First Quarter 2015 Results

“Production of 38,000 ounces of gold in the first quarter of 2015 was consistent with our expectations while total cash costs of $805 per ounce were below our full year guidance. Our open pit, heap leach operations at Mulatos performed very well and we remain on track to realize significant production growth from our high-grade mill in the second half of 2015. Further, we continue to make progress with our development pipeline with the EIA recently reinstated for our Agi Dagi project,” saidJohn A. McCluskey , President and Chief Executive Officer.

First Majestic Reports First Quarter Financial Results

Keith Neumeyer, CEO and President of First Majestic, stated: “Our operations delivered solid operational and cost results for the first quarter of 2015. The Del Toro Silver Mine has grown to become the Company’s new workhorse. Total production at Del Toro exceeded 1.3M silver equivalent ounces during the quarter, representing an increase of 66% compared to 0.8M in the first quarter of 2014. This significant growth, along with the lower energy cost due to the new power line, has begun to generate healthy profits…

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