Year: 2015

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.

Mark Backens, Interim CEO and a Director of the Company, stated “the decline in gold price has necessitated changes in mining operations at San Francisco and taking a large impairment on the asset. Our focus going forward is to structure our operations and balance sheet to protect the Company and allow us to advance our development projects, Ana Paula and Caballo Blanco. We have modified our mine plan to maximize cash flow while maintaining flexibility to respond to changing market conditions. We have implemented and are continuing to implement numerous cost saving efforts including the reduction of workforce, primarily at the San Francisco Mine along with other mine site, operations and corporate G&A savings, including a 50 percent reduction in fees to directors.

Mitchell J. Krebs, Coeur’s President and Chief Executive Officer, said, “The technical report reflects a robust, high-margin mine plan at current metal prices showing substantial improvements in production, mine life, grades, recoveries, costs, and cash flow compared to the last technical report for Palmarejo filed eight months ago. This enhanced plan demonstrates Palmarejo’s transition to ‘quality over quantity’ production and highlights the importance of the Independencia Este deposit, which was added through the acquisition of Paramount Gold and Silver Corp. in April…. “

“Our third quarter results provide further evidence that our strategic initiatives are dramatically reshaping the Company,” said Mitchell J. Krebs, Coeur’s President and Chief Executive Officer.

Denis Larocque, Chief Executive Officer of Major Drilling Group International Inc. is pleased to announce that following an external search in which he was a candidate, Mr. David Balser, currently VP Finance, has been promoted to the position of Chief Financial Officer. As well, Mr. Larocque is pleased to announce the promotions of Marc Landry to the new position of VP – IT and Logistics, and Ben Graham to the new position of VP – HR and Safety.