Month: October 2015

McEwen Mining Announces Record Q3 2015 Production

McEwen Mining Inc. is pleased to announce record total production for the third quarter, and the first nine months of 2015, of 43,390 and 115,988 gold equivalent ounces respectively. The star performer during the quarter was the El Gallo Mine.

Americas Silver Corporation Provides Third Quarter Production Update

“We have continued to reduce our all-in cash costs both year-over-year and throughout the current year despite a dramatic fall in base metal prices,” said Darren Blasutti, President and CEO of Americas Silver Corporation. “The Galena hoist was not remedied until mid-September, however we were still able to increase tonnage and reduce both cash costs and all-in sustaining costs through disciplined operations and reduced spending. In addition, we are achieving our 2015 strategic objectives to lower operating costs and improve productivity at both of our operations, while ramping up silver-lead production at the Galena Complex.”

Gold Resource Corporation Reports Preliminary Third Quarter Production of 6,825 Ounces of Gold and 561,985 Ounces of Silver; Company Reduces 2015 Annual Outlook

“As a single mine operator, we see the effect of a tough month drastically impacting a quarter’s production totals, as we sustained in the month of August,” stated Mr. Jason Reid, Gold Resource Corporation’s President and CEO. “A multi-mine company has some latitude to adjust several operations to smooth out the tough months. Based on fourth quarter performance so far, we are optimistic we will end the year within targeted parameters for the fourth quarter, but unfortunately we do not anticipate that the current quarter can make up for production shortfalls sustained in the second and third quarters and have therefore lowered our annual production Outlook, primarily as related to our targeted silver production….”

Kootenay Silver Inc. amends warrant expiry date

Pursuant to the non-brokered unit private placement announced on October 4, 2012, a total of 3,430,000 share purchase warrants expiring on October 25, 2014 and 500,000 share purchase warrants expiring on October 30, 2014, were issued on October 25, 2012 and October 30, 2012 respectively. On October 10, 2014, expiration of both sets of warrants was extended by an additional 12 months, to October 26 and 30, 2015 respectively.

Peñoles – Clarification of News Article

Industrias Penoles, S.A.B. de C.V., in order to clarify the information published yesterday in various media communications concerning investment of $ 11.730 billion pesos in the municipalities of Torreón and General Cepeda, in the state of Coahuila, informs the investing public:

Peñoles – Aclaración de Nota Periodística

Industrias Peñoles, S.A.B. de C.V., con el fin de aclarar la información publicada el día de ayer en diversos medios de comunicación relativa a la inversión de $11,730 millones de pesos en los municipios de Torreón y General Cepeda, en el Estado de Coahuila, informa al público inversionista:

Excellon Reports Third Quarter 2015 Production

“The third quarter saw improved production with better grades and an improved cost profile,” stated Brendan Cahill, President and Chief Executive Officer. “We are aiming for the lower end of our production targets for the year due to the delay in the implementation of the optimization plan for Platosa. The optimization plan continues to be the Company’s top priority, with our technical teams currently working to improve the project’s efficacy and cost. We expect to provide an update on the optimization plan shortly.”

Teck Reports Unaudited Third Quarter Results for 2015

“We are taking significant steps to meet the challenge of low commodity prices,” said Don Lindsay, President and CEO. “We have reduced costs throughout the company and we’ve raised nearly $1 billion in two streaming transactions. We used a portion of those proceeds to reduce debt by $400 million and our current cash balance of $1.8 billion exceeds our remaining $1.5 billion share of capital required for Fort Hills.”

Prospero Announces Private Placement

The net proceeds from the Offering will be used by Prospero for exploration expenditures on its Petate project in Mexico and for general working capital purposes. All securities issued in connection with the Offering will be subject to a hold period expiring four months and one day following the closing of the Offering.

Layne, A Granite Company, provides sustainable solutions for water resources and mineral exploration. Originally established in 1882, Layne offers a rich history of delivering safe, professional, and reliable water and minerals solutions throughout North and South America. Granite acquired Layne and its subsidiaries in the fall of 2018, to further Granite’s strategy to grow through acquisition and diverse end market expansion.

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