Day: May 12, 2015

Pan American Silver to Proceed with Dolores Pulp Agglomeration and Underground Expansion Project

Pan American Silver Corp. today announced that its Board of Directors has approved the investment of $112.4 million required to expand its Dolores mine in Chihuahua, Mexico, by adding a milling and pulp agglomeration circuit to improve silver and gold recoveries, as well as by developing an underground mine to extract mineral resources that exist beneath and to the south of the ultimate open pit.

Strong Results From Alacrán

Sampling of underground mine workings confirms extensive zones of copper and gold/silver mineralisation, including:105m @ 0.30% Cu and 45m @ 0.79% Cu from La Morita, and
42.5m @ 1.07g/t AuEq and 18.85m @ 1.25g/t AuEq from San Simon

Morro Bay Closes First Tranche of Financing

Morro Bay Resources Ltd. is pleased to announce it has closed the first tranche of the non-brokered private placement announced April 6, 2015. The First Tranche consisted of the issuance of a total of 3,590,000 Units at a price of $0.05 per unit for gross proceeds of $179,500. The Private Placement remains open for further subscriptions.

Silver Standard Reports First Quarter 2015 Results

“Our strong production was delivered at lower costs at both operations, demonstrating, once again, that our assets are delivering strong cash generation,” said John Smith, President and CEO. “On a silver equivalent basis, production of 6.8 million ounces at cash costs of $9.57 per payable ounce distinguishes Silver Standard from its peers. Positive net income and strong operating cash flows in the quarter resulted from our focus on cost discipline and further enable our growth strategy.”

Avino Reports Q1 2015 Financial Results: Earnings of $376,287 ($0.01 Per Share) and Cash Flow from Operations of $1.1 million ($0.03 Per Share)

“We are pleased to report the first quarter of 2015 operational and financial results. Although average realized metal prices were lower than those of the same quarter last year we reported solid operating income from mining operations due to the hard work of our team to maintain a low production cost structure. With the expansion of our mine behind us, we can now focus on advancing the Avino Mine to further increase and improve our mining operation,” stated Malcolm Davidson, CFO.

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.

All News

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.