Month: May 2015

Telson Resources Inc. is pleased to announce that it has signed a Letter of Intent with Reyna Minas, S.A. de C.V. a private Mexican mining group focused on the acquisition and development of mining projects in Mexico. The proposed transaction will take the form of a corporate restructuring, including a private placement and share consolidation of the outstanding common shares of the Company, whereby upon full implementation, the Investors will collectively become the control persons of Telson.

Kinross Gold Corporation has announced the detailed voting results of the election of its Board of Directors, which took place at the Company’s Annual and Special Meeting of Shareholders held in Toronto on May 6, 2015.

Endeavour CEO Bradford Cooke commented: “We returned to positive earnings in Q1, 2015 thanks to improved operating cash flow and EBITDA driven by reduced cash operating costs and all-in sustaining costs compared to Q4, 2014. Each of our three mining operations performed better than plan in the first quarter to give us a good head start on the year.

“Primero has delivered a strong start to 2015,” stated Joseph F. Conway, Chief Executive Officer. “Our platform San Dimas mine achieved record production levels and continues to exceed operational expectations, delivering significant cash flow for the Company. I am extremely proud of our operating team for the success they have achieved at this mine, as it continues to show improved grades, higher throughput, lower costs and more operational flexibility…

Capstone Mining Corp. today announced that it has entered into zero-cost collars for 36,000 tonnes of copper production between now and September 30, 2015 (with pricing periods from June 2015 to February 2016) at a minimum of US$2.60 and a maximum of US$3.10 per pound of copper. There was no cost to Capstone to put this protection in place.

Silver Standard Resources Inc. has received the final cash payment in the amount of $20 million from the sale of the San Agustin project in Durango, Mexico to Argonaut Gold Inc., which was completed in December 2013. As part of the consideration, Silver Standard retains a 2% net smelter return royalty on sulphide ore produced from San Agustin.

Riverside’s President and CEO, John-Mark Staude, stated: “Riverside looks forward to further partner funded exploration work and drilling to expand on the recently filed NI-43-101 Resource Estimate. We are pleased to be a major shareholder in Morro Bay and believe the collaborative advancement and de-risking of the Peñoles Project has positioned Riverside shareholders to participate in future upside at the Project…