Minaurum Gold Inc. is pleased to report it has regained control of the Santa Marta VMS copper-gold project in Oaxaca, Mexico from Lowell Copper Ltd. Due to current market conditions, Lowell elected to withdraw from its option which was initiated in December 2013.
Gold Resource Corporation today announced the appointment of Mr. John Labate as the Company’s Chief Financial Officer. Gold Resource Corporation is a gold and silver producer with operations in Oaxaca, Mexico and exploration in Nevada, USA. The Company has returned over $105 million to shareholders in monthly dividends since commercial production commenced July 1, 2010, and offers shareholders the option to convert their cash dividends into physical gold and silver and take delivery.
Gainey Capital Corp. is pleased to announce that it has signed a Letter of Intent and Processing Agreement with Vetas y Minerales Mining, S.A. de C.V. to process mineralized material from Vetas y Minerales Mining’s mineral property in Acaponeta, Nayarit at Gainey’s 100%-owned, 300-tpd processing centre located outside of Huajicori, in Nayarit, Mexico.
Endeavour Silver Corp. announces that drilling at the Guanaceví Mine in Durango State, Mexico has extended high grade, gold-silver mineralization within three zones in the Santa Cruz vein. The Shallow Porvenir, Deep Porvenir and Santa Cruz mineralized zones are each adjacent to historic mine workings, readily accessible for future mine development.
McEwen Mining Inc. is pleased to announce that it has increased its production guidance for 2015 to 150,000 gold equivalent ounces from 138,000. This increase is the result of higher grades and better recoveries at our El Gallo Mine. The El Gallo Mine is now forecast to produce 62,000 gold equivalent ounces in 2015, versus the earlier guidance of 50,000.
Mexus Gold US reaffirmed that the agreement with Argonaut Gold Inc. has been completed in both the US and Mexico. “Relinquishing control of the Julio/Martha Elena property to Argonaut has allowed Mexus to focus on its other properties and ventures,” added CEO Paul Thompson. The company is currently reviewing all of its Mexican properties and is considering offers to do a Joint Venture similar to the deal at the Santa Elena/Julio.
“As copper prices continue to deteriorate, we have looked at a range of actions to preserve our financial flexibility. We have taken the steps we outlined with our initial 2015 guidance to reduce our overall capital expenditures and have reduced operating costs in order to enhance our financial position and provide sufficient liquidity to execute our operating plan in the current market environment. This includes reducing and deferring capital expenditures at our operating mines, suspending all work on the Santo Domingo project, eliminating non-essential operating and general and administrative expenses and reducing exploration expenditures,” said Darren Pylot, President and CEO of Capstone.
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.
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.
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