Day: October 13, 2015

First Mexican Signs US$8.0 Million JV Agreement on Its Guadalupe Property, Mexico

First Mexican Gold Corp. is pleased to announce, further to its September 22, 2015 press release, it has executed a definitive agreement with Link Natural Resources FZC (LNR), a private entity in the United Arab Emirates (Dubai) to form a 50/50 Joint-Venture in order to further advance the Guadalupe project. LNR will acquire a 50% working interest in exchange for a scheduled investment within the first year totaling $8.0 million (all funds US) in accordance with the following:

Marlin Gold Provides Corporate Update

Marlin Gold Mining Ltd. is pleased to announce that it has fully dewatered the Taunus pit at the La Trinidad property in Sinaloa, Mexico. Damage to equipment was limited to a pump, a generator power source to the pump and associated electrical equipment. Marlin will need to rebuild certain damaged water diversion channels in preparation for next year’s rainy season. All costs associated with the equipment losses, property remediation and business interruption are expected to be covered by our insurance claim.

Situación en Naica

Industrias Peñoles, S.A.B. de C.V. informa que en relación a la contingencia por inndación que se presentó el pasado 1° de eneero en la mina Naica, Después de más de nueve meses de esfuerzos exhaustivos sin lograr abatir de manera sostenida el agua hasta el nivel necesario para desarrollar alternativas que permitieran reanudar su explotación, ha decidido suspender por tiempo indefinido las actividades de esta unidad minera por causa de fuerza mayor.

Kootenay Announces Cervantes Project Optioned to Aztec Metals

Kootenay Silver Inc. is pleased to announce that it has optioned its Cervantes Gold/Copper project located in Sonora, Mexico to Aztec Metals Corp. Cervantes is a Gold/Copper Porphyry prospect located approximately 50 km northeast of the Company’s Promontorio Silver resource in Sonora, Mexico, which based on geologic observations, the Company believes has potential for hosting leachable gold resources. The project is the result of Kootenay’s generative program and was staked through its wholly owned Mexican subsidiary, Minera J.M.

AuRico Metals Announces Change to Board of Directors

AuRico Metals Inc. today announced that Scott Perry has resigned from his position as executive Chairman, as he takes on the CEO role with a large gold mining company. Mr. Perry will remain a member of the AuRico Metals Board of Directors. Richard Colterjohn, previously an AuRico Metals Director, has been appointed non-executive Chairman of the Board.

DynaResource de Mexico, S.A. de C.V. Awarded Damages of $ 48 M USD Against Goldgroup Resources Inc.

DynaResource de Mexico SA de C.V., the 100% owner of the San Jose de Gracia Project, located in the County of Sinaloa de Leyva, State of Sinaloa, Mexico, announces that it has been awarded in excess of $48 M USD in damages from Goldgroup Resources Inc. on October 05, 2015, by virtue of a Sentencia Definitiva issued by the Thirty Sixth Civil Court of the Superior Court of Justice of the Federal District of Mexico (Tribunal Superior de Justicia del Distrito Federal), File number 1120/2014. The Definitive Sentence included the considerations and resolutions by the Court, and in addition to the Goldgroup Damages, additional Resolutions were also ordered in favor of DynaMexico.

Capstone Mining 2015 Third Quarter Production Results

“Production for the third quarter met our expectations and we remain on track to meet our overall 2015 production guidance, with Minto operating above expectations for the quarter and Pinto Valley and Cozamin overcoming earlier production challenges,” said Darren Pylot, President and CEO of Capstone. “We are particularly pleased that the operational improvements at Pinto Valley are starting to be realized, achieving a monthly throughput record for Capstone in September.”

La otra realidad

Despidos injustificados, maltrato personal, bajos salarios y pésimas condiciones de seguridad es el panorama laboral que prevalece en el entorno minero de Zacatecas, entidad que hace unos días fue reconocida por el Gobierno Federal como ejemplo de producción y desarrollo social en ese rubro

Avino Third Quarter 2015 Production Up 148 % Compared to the Third Quarter 2014

“Avino’s excellent third quarter results underscore the growing strength and quality of our mining operation. We delivered strong operating results and are well positioned to meet management’s production expectations going forward. Refinements in the mill are underway to remove deleterious minerals and improve payables, exploration drilling has commenced at the San Gonzalo mine and deliveries to Samsung are underway. We have positioned the Company for great success for the remainder of the year and years to come,” David Wolfin, President, CEO & Director, Avino Silver & Gold Mines Ltd.

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