Sierra Metals Inc. is pleased to announce a $9 million budgeted exploration program for 2015 to drill over 75,000 meters on its three operating mines in Peru and Mexico and over 4,000 meters on two exploration targets in Mexico.
Capstone Mining Corp. today announced its financial results for the year ended December 31, 2014, with operating cash flow before changes in working capital for the year a record $199.4 million. Notwithstanding this strong performance, Capstone posted a loss for the year of $22.4 million due to non-cash charges of $55.8 million, including $36.2 million related to a write down of inventory and capitalized mineral property costs at Minto, $11 million related to the impairment of available-for-sale securities and $8.6 million in the carrying value of the Kutcho development project. Copper production during the year at Capstone’s three operating mines totalled 103,353 tonnes of copper in concentrates and cathode (99,739 tonnes of payable copper) at a C1 cash cost of $1.93 per payable pound of copper produced.
Timmins Gold Corp. and Newstrike Capital Inc. are pleased to announce that they have entered into a definitive arrangement agreement pursuant to which Timmins Gold has agreed to acquire all of the issued and outstanding common shares of Newstrike by way of a court approved plan of arrangement.
Mexus Gold US announced today that the placer plant at the Julio Mine is now fully operational. The company will use the first few days to ensure that the wash plant and associated parts are optimized for maximum recovery. As stated in previous press releases, the company expects to recover 5 to 6 ounces of gold per day costing approximately $950. CEO Paul Thompson added, We are very excited to announce the startup of the placer operation. Our Mine Superintendent, Diego Guillermo Baltazar Garcia, and his crew worked tirelessly over the last few weeks to bring this operation online. We are now focused on obtaining the blasting permit so we can begin the underground operation.
Starcore International Mines Ltd. announces production results for the fiscal 2015 second quarter, ending January 31, 2015, at its San Martin Mine in Queretaro, Mexico.
Almaden Minerals Ltd. announces that Dr. Barry Smee has resigned from its board of directors due to family considerations. Dr. Smee has been a director of Almaden since July 2006.
SilverCrest Mines Inc. is pleased to announce the appointment of Michael Rapsch as Vice President, Corporate Communications.
Torex Gold Resources Inc. announces that construction activities at its El Limon Guajes Project are resuming in all areas, after being curtailed over the last few days, following a regional security incident and the associated protective / rescue response.
Lowell Copper Ltd. announces that, pursuant to its Stock Option Plan, it has granted incentive stock options to certain directors, officers, employees and consultants of the Company to purchase up to an aggregate of 1,800,000 common shares in the capital stock of the Company. The options are exercisable at a price of $0.45 per common share, will expire on February 13, 2020 and will vest in four equal parts over two years after the grant.
Fresnillo Plc dijo que sufrió un cargo de amortización de unos 17.000 millones de dólares en el 2014 ligado a parte de su propiedad en sus operaciones de extracción de oro de Soledad y Dipolos en México.
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