Day: August 12, 2015

J. Scott Drever, Chief Executive Officer, stated; “The second quarter was another successful quarter for SilverCrest. Santa Elena’s record Q2 AgEq production delivered strong financial results despite the lower precious metals price environment. We generated cash flow from operations of $8.1 million ($0.07 per share) and net earnings of $3.86 million ($0.03 per share)….

Billionaire sees mining company Minera Frisco tumble 53 per cent as the collapse in gold prices to a six-year low takes its toll

En su reporte anual 2015, la Cámara Minera de México (Camimex) revela que la firma que dirige Octavio Alvídrez dejó de tener la mina de plata con la mayor producción en el país y que fue desplazada por la de Peñasquito, propiedad de Goldcorp.

President and Chief Executive Officer of Alamos, John A. McCluskey commented on the Merger and second quarter results as follows: “We have created a stronger and better company through the merger. On a combined basis, the Young-Davidson, Mulatos and El Chanate gold mines produced over 95,000 ounces of gold in the second quarter of 2015. With our strong balance sheet, diversified North American based operations and low cost production growth, the merged company is well positioned to succeed in the current gold price environment”.

Silver Spruce Resources Inc. is pleased to announce that it has filed the maiden National Instrument 43-101 report for the Pino de Plata project on sedar.com. The report was prepared by Mr. Leonard J. Karr, professional geologist and a Qualified Person, under TSX guidelines. The 397 hectare project is located in the Sierra Madre Occidental of Western Chihuahua State, Mexico, approximately 15 kilometres from Coeur Mining’s Palmarejo silver project.