Month: October 2015

First Majestic Completes Acquisition of Silvercrest

Keith Neumeyer, President and CEO of First Majestic said, “With this closing, First Majestic is integrating a well-built, low-cost, profitable silver mine into its large portfolio of operating mines. The Santa Elena Silver Mine, becoming our sixth mine in Mexico, is projected to increase the Company’s total production by approximately 5 million silver equivalent ounces per year. We are very excited to have this free cash flowing mine added to our portfolio.”

McEwen Mining Announces Stock Repurchase Program

McEwen Mining Inc. is pleased to announce its intention to commence a share repurchase program that authorizes the Company to purchase up to 15,000,000 shares of its common stock over a twelve month period.

Minera Alamos adapts to changing circumstances

Minera Alamos Inc. has been working on its 100%-owned, advanced-stage, Los Verdes, copper-molybdenum project in Sonora, Mexico. Due to the changing conditions in the mining sector, under the leadership of Chris Frostad, CEO, the company has redesigned its 2012 PEA that now features much lower capital expenditures with mine construction targeted to start in 2016.

Source Extends Las Minas Purchase Option Agreement

Source Exploration Corp. is pleased to announce the successful negotiation of a one year extension to its option agreement to acquire the Pepe, Pepe Tres and San Jose concessions located at its Las Minas property. These concessions are part of the six concessions held under option or wholly owned by Source at Las Minas, Veracruz State, Mexico.

Southern Silver Identifies New High-Grade Gold-Silver Discovery and Extends Known Zones at Cerro Las Minitas

Southern Silver Exploration Corp. reported today assays results from the first three holes of the +10,000 metre 2015 core drilling program on the Cerro Las Minitas project, located in Durango State, Mexico. Drilling successfully identified a new high-grade gold-silver polymetallic discovery on the project (“Mina La Bocona Extension”) and further extensions to the previously identified Blind and El Sol Deposits.

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