Key Points:
RC drilling has started at Mesa de Plata
Drill program has been designed to enable mineral resource estimation
Diamond core drilling program at Mesa de Plata nearing completion
Gold Resource Corporation reported production results for the third quarter ended September 30, 2015 of 6,825 ounces of gold, 561,985 ounces of silver ounces, or 14,133 precious metal gold equivalent (AuEq) ounces (calculated at actual sales price ratio of 77:1), which generated $19.4 million in net revenue for the quarter.
Pete Dougherty, President and CEO of Argonaut Gold stated, The team has put together a solid quarter, in spite of the difficult operating conditions associated with the rainy season. We met our production objectives for the quarter. We were able to maintain our costs on a per ounce basis in spite of lower production. We are preparing to operate in a $1,000 gold price environment which should provide operating flexibility. Year over year, we have been able to lower costs, reduce payables, and our debt while preserving our balance sheet. With positive cash flow generation and almost no debt, we are well positioned for our 2016 goals….”
“Strong third quarter operating results reflect our focus on production expansion, optimization and cost control at both of our mines,” stated Joseph F. Conway, Chief Executive Officer. “The San Dimas mine continued to deliver strong operational results, and the mill expansion to 3,000 tonnes per day remains ahead of the original schedule and on track to be completed at a cost 33% less than originally estimated…”
Arian Silver Corporation, a silver mining company focussed on silver projects in the silver belt of Zacatecas, Mexico, announces that it has received a Default Notice under the terms of its agreements with Quintana San José Streaming Co. LLC and Quintana AGQ Holding Co. LLC. The Company is taking the notice under advisement. Meanwhile, financing discussions between the parties are on-going as previously advised on 29 October 2015, and a further announcement will be made in due course.
Globexplore is a customer focused, technology driven mineral exploration drilling contractor devoted to top of class drilling methods and techniques that only years of experience can achieve. Every day we strive to be the industry leader by providing the highest rate of performance, professionalism, safety and environmental responsibility.
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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