Fortuna Silver Mines Inc sank more than 8% on Wednesday, hit by a downgrade on the same day of the release of impressive intercepts at the Trinidad North discovery at its San Jose silver-gold mine in Mexico.
Hecla Mining Company announced that a very successful 2014 exploration drilling program with strong drill intersections has resulted in significantly increased resources at its San Sebastian property in Durango, Mexico. A 2015 exploration program has been designed to further advance the project and expand the resource.
Fortuna Silver Mines Inc. is pleased to announce results for step-out drilling of the Trinidad North zone at the San Jose Mine in Oaxaca, Mexico. Results are included for twenty-three drill holes completed subsequent to the Mineral Resource and Mineral Reserve estimates reported as of June 30, 2014. The new drill results confirm that the Bonanza and Trinidad veins and the structurally and spatially related Trinidad North Stockwork Zone all remain open to the north and to depth along the strike and plunge of the ore shoots.
Primero Mining Corp. today announced that it has entered into an agreement with a syndicate of underwriters led by RBC Capital Markets pursuant to which the underwriters have agreed to purchase US$75 million aggregate principal amount of 5.75% convertible unsecured subordinated debentures (the “Debentures”) on a bought-deal basis. Primero has also granted the underwriters an option to purchase up to an additional 15% of the Offering, on the same terms and conditions, exercisable in whole or in part at any time up to 30 days following the closing of the Offering. The Offering is expected to close on or about February 9, 2015.
Baja Mining Corp. announces that it has been advised by Minera y Metalúrgica del Boleo, S.A. P.I. de C.V. and Korea Resources Corporation that prior problems relating to the acid plant have been resolved and the Boleo plant achieved first copper production on January 17, 2015.
Mexichem, S.A.B. de C.V. announced that on January 6, 2015, one of its subsidiaries, Mexichem Fluor, appealed the U.S. International Trade Commission ruling that the import of Chinese refrigerant gas does not harm U.S. industry.
Morro Bay Resources Ltd. announces that the terms for the option on the Peñoles Project between Morr?o Bay and Riverside Resources Ltd. have been amended and the option exercise date extended to March 31, 2015.
Primero Mining Corp. today announces its preliminary fourth quarter and full-year 2014 operating results and provides its 2015 guidance. The Company’s fourth quarter and full-year 2014 financial results will be released on February 12, 2015.
Capstone Mining Corp. today provided its production and capital expenditure guidance for 2015. Capstone expects to produce 90,000 tonnes (±5%) of copper in concentrates and cathode from its Pinto Valley, Cozamin and Minto mines at a C1 cash cost of $2.00 to $2.10 per pound of payable copper produced.
At the request of IIROC, Sutter Gold Mining Inc. wishes to confirm that the Company’s management is unaware of any material change in the Company’s operations that would account for the recent increase in market activity.
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