Day: August 7, 2015

Odyssey Marine Exploration Reports Second Quarter 2015 Results

“The strategic financing agreement with Penelope Mining, which received strong stockholder support, has the potential to transform our company and increase stockholder value dramatically,” said Mark Gordon, Odyssey president and chief executive officer. “It will not only provide capital necessary to move forward on our pipeline of offshore projects, but more importantly we believe that the strategic guidance and resources will be a crucial catalyst to our future success.”

Aura Minerals Announces Updated Aranzazu Mine NI 43-101 PEA Showing Updated Resource Estimate and Improved Mine Design

Jim Bannantine, President and CEO of Aura, stated “We are very encouraged by the PEA and believe it will be indicative of the results of the feasibility level study which has commenced. A focus on the geotechnical aspects of the underground mine and a conservative approach to cut-off grade have combined to yield both lower capital expenditures and profitable result that should allow us to finance the restart of Aranzazu. These design parameters and focus are particularly important in today’s mining finance environment, and they will also leave the option open for future expansion.”

La minería mantiene PIB al alza

La inversión en la minería en México cayó 38.49 por ciento entre 2012 y 2014, al pasar de 8 mil 43 millones de dólares a 4 mil 948 millones de dólares, reveló la Cámara Minera de México (Camimex).

Fortuna reports consolidated financial results for the second quarter 2015

Jorge A. Ganoza, President and CEO, commented, “We continue to focus on cost control, productivity and margins. Mine plan flexibility at Caylloma and strong performance at San Jose continue to sustain our operating and financial results in spite of a challenging metal price environment.” Mr. Ganoza continued, “Key capital projects remain on schedule as we look forward to the commissioning of the San Jose Mine expansion from 2,000 to 3,000 tpd in mid-2016.”

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.

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.