Day: August 18, 2015

Minera Alamos Inc.: 2015 Los Verdes Work Plan

Minera Alamos Inc. outlined today its near-term objectives for the development of its Los Verdes copper-molybdenum project in Sonora, Mexico. As previously reported, the Company is in the process of moving towards a production decision, targeting project construction to commence in 2016. Minera Alamos intends to issue an updated Preliminary Economic Assessment prior to the end of the year.

Avino Reports Q2 2015 Financial Results: Earnings of $361,655 and $0.01 per Share; and Cash Flow From Operations Of $768, 381 and $0.02 per Share

“Avino is pleased to report another successful quarter of financial and operational results. We have maintained an efficient cost structure while advancing and expanding our operations. Our low all-in sustaining consolidated cash costs of $11.72 per AgEq is consistent with previous quarters and we continue to review opportunities to further reduce costs and improve efficiencies. Softer metal prices continue to present challenges however our strong financial and operational condition, and the recent receipt of $US10 million prepayment from Samsung, has well positioned the Company to advance and meet its objectives. ” stated Malcolm Davidson, CFO.

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.

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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.