Primero Mining Corp. today advises that as a result of a delay in exports from its San Dimas mine in Mexico, its subsidiary Primero Empresa Minera S.A. de C.V. has been delayed in selling silver. As a result approximately 880,000 ounces of silver were not sold during the second quarter of 2015, representing approximately $6.5 million in delayed revenue.
Production for the quarter was 408,024 silver equivalent ounces which represents a 29% increase over the previous quarter. Tonnes stacked on the heap leach pad and Merrill Crowe throughput were both consistently at design levels throughout the quarter. Quarterly production has improved each quarter since commissioning began and this is expected to continue until the heap leach pad reaches equilibrium.
Mexus Gold US announced today that after months of negotiating with several mining companies an agreement has been reached. President Paul Thompson is proud to announce that Mexus has signed an option/joint venture agreement with Minera Real del Oro S.A. de C.V., a Mexican corporation, which is wholly owned by Argonaut Gold Inc. Argonaut has the knowledge and experience along with the necessary capital to plan, drill, and bring the Julio/Martha Elena project into production..
N. Eric Fier, CPG, P.Eng, and Chief Operating Officer, stated; We are pleased with the strong performance in 2015 at Santa Elena, as we continue to break production records. As a result, we are increasing our 2015 production market guidance to a range of 4.7 to 5.1 million AgEq ounces…”
We are pleased to report good results from our operational improvements at Pinto Valley with respect to mill reliability, and we approached our targeted run rate by the end of the second quarter, said Darren Pylot, President and CEO of Capstone. In total, second quarter production met our expectations, which called for lower grade at Pinto Valley. Improving performance at Pinto Valley and strong results from Minto offset the production short-fall at Cozamin.
Starcore International Mines Ltd. and Cortez Gold Corp. are pleased to announce that the Cortez securityholders have approved the previously announced proposed acquisition of Cortez by Starcore, pursuant to a plan of arrangement
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Goldgroup Mining Inc. announces that on June 29, 2015 a Mazatlán Judge denied DynaResources de México, S.A. de C.V the request for an “amparo” ,which is, by Mexican Law, an appeal to the injunction obtained by Goldgroup against DynaMex regarding the 300 new shares of DynaMex issued in favor of DynaResource, Inc. The issuance of the DynaMex shares to DynaUSA diluted Goldgroup’s ownership interest in DynaMex with DynaUSA purporting to be an owner of 80% of DynaMex…
“I’m pleased to report another record quarter and a record half-year of production. During the first half of 2015, we produced almost 1.5 million silver equivalent ounces which exceeds the entire output for 2014 and puts us on pace to more than double production in 2015…” – David Wolfin, President, CEO & Director, Avino Silver & Gold Mines Ltd.
Azure Minerals Limited is pleased to announce that the first phase of airborne geophysical surveying program at Promontorio has been completed. This program is part of the Earn-In and Joint Venture Agreement with Kennecott Exploration Mexico S.A. de C. V., part of the Rio Tinto Group.
Deep sea mining is one of those long-held commercial dreams that just decades ago seemed to be a sci-fi fantasy. But now that firms and international groups are preparing to shift their very costly exploratory projects into lucrative operations, environmental groups are pushing to get the right international regulations in place to protect deep sea ecosystems.
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