Highvista Gold Inc. announces that Mr. Gareth Noonan and Mr. Thomas W. Meredith have been appointed to the Corporation’s board of directors effective July 28th, 2015.
Southern Silver Exploration Corp. reports that at the Company’s extraordinary general meeting held on July 29, 2015 shareholders voted to approve an earn-in agreement with an insider shareholder. Voting by disinterested shareholders was unanimous in favour of the resolution which was required on the basis that the shareholder has the right to acquire a 60% interest in the Company’s Cerro Las Minitas mineral property as detailed below and such shareholder approval was required to comply with TSX-V policy.
Gold Resource Corporation announced high-grade drill results from three of its six properties within its Oaxaca Mining unit. The Company is also progressing towards 2016 mill feed from Alta Gracia and an Aguila mill agitated leach circuit startup.
Norvista Capital Corporation announces the following appointments to its management team and Board of Directors. Mr. Gerald P. McCarvill, after leading Norvista and its predecessor company since 2008, has tendered his resignation as Chairman and Chief Executive Officer of the Company. Mr. Stan Spavold, currently a director and Chair of the Audit Committee of Norvista, has been appointed as Chairman of the Board and Mr. Donald H. Christie, currently President and Chief Operating Officer of Norvista, has been appointed as President and Chief Executive Officer of the Company.
“Goldcorp’s excellent second quarter results underscore the growing strength and quality of our mine portfolio,” said Chuck Jeannes, Goldcorp President and Chief Executive Officer. “Higher gold grades at Peñasquito and a continued strong ramp-up at Cerro Negro drove record quarterly gold production and more than offset the slower-than-planned ramp-up at Éléonore. In addition, a continued focus on cost efficiency and productivity enhancements along with favorable currency effects continued to push costs lower…”
Bruce Bragagnolo, CEO of the Company, stated We reached a record stacking rate for the quarter of 24,754 tonnes per day. The increase in throughput has helped to offset the decrease in grade from the prior year. Gold recoveries are projected to be faster in Q3 2015 as we move from the top of the current pads to new pads. Construction of new leach pads is complete and the Company is now stacking ore on the new pads. This will result in faster recoveries in H2.
Azures Managing Director, Tony Rovira, stated: In the six months we have been involved with Alacrán, great progress has been made in advancing the project. Our exploration has focused on areas of historical mining but where no modern exploration has been undertaken, and weve identified numerous high quality targets.”
Morro Bay Resources Ltd. announces that it is arranging a non-brokered private placement for a minimum of 1,000,000 and a maximum of 40,000,000 units. Each unit will be comprised of one common share of the Company and one common share purchase warrant.
“With continued strong operating performance, favourable local currency foreign exchange rates, and near-term opportunities to increase production at several of our mines, we remain well-positioned to manage the current price volatility in the gold market”, said Sean Boyd , Agnico Eagle’s Chief Executive Officer. “In these challenging times, we will continue to focus on reducing costs and we will remain measured in our approach to managing and growing our business”, added Mr. Boyd.
Keith Neumeyer, Chairman of First Mining stated, We welcome Derek as a new member of our management team. His experience, contacts, and knowledge with leading investor relations initiatives in the mining sector will be important as we continue to build our team and grow shareholder value through mineral asset acquisitions.
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