“The first quarter provided a solid operating start to the year,” said President and CEO, Darren Blasutti . “We made a decision to place the El Cajón Project on care and maintenance and began the process of fast-tracking the high grade zinc-lead-silver San Rafael project. We maintained productivity at both our operating mines and reduced the workforce at the Cosalá Operations to achieve sustainable cost savings…
Pan American Silver Corp. today announced that its Board of Directors has approved the investment of $112.4 million required to expand its Dolores mine in Chihuahua, Mexico, by adding a milling and pulp agglomeration circuit to improve silver and gold recoveries, as well as by developing an underground mine to extract mineral resources that exist beneath and to the south of the ultimate open pit.
Sampling of underground mine workings confirms extensive zones of copper and gold/silver mineralisation, including:105m @ 0.30% Cu and 45m @ 0.79% Cu from La Morita, and
42.5m @ 1.07g/t AuEq and 18.85m @ 1.25g/t AuEq from San Simon
Morro Bay Resources Ltd. is pleased to announce it has closed the first tranche of the non-brokered private placement announced April 6, 2015. The First Tranche consisted of the issuance of a total of 3,590,000 Units at a price of $0.05 per unit for gross proceeds of $179,500. The Private Placement remains open for further subscriptions.
“Our strong production was delivered at lower costs at both operations, demonstrating, once again, that our assets are delivering strong cash generation,” said John Smith, President and CEO. “On a silver equivalent basis, production of 6.8 million ounces at cash costs of $9.57 per payable ounce distinguishes Silver Standard from its peers. Positive net income and strong operating cash flows in the quarter resulted from our focus on cost discipline and further enable our growth strategy.”
“We are pleased to report the first quarter of 2015 operational and financial results. Although average realized metal prices were lower than those of the same quarter last year we reported solid operating income from mining operations due to the hard work of our team to maintain a low production cost structure. With the expansion of our mine behind us, we can now focus on advancing the Avino Mine to further increase and improve our mining operation,” stated Malcolm Davidson, CFO.
Candente Gold Corp. advises that further to News Release 039 (dated October 2, 2014), the Toronto Stock Exchange has advised that common shares of the Company will be delisted from the TSX at the close of business on June 8, 2015 for failure to meet continued listing requirements…
Endeavour Silver Corp. released today a positive Preliminary Economic Assessment for its emerging new high grade silver-gold discovery on the large (6,159 hectares), historic (discovered 1542) and prospective (more than 50 old mines) Terronera Project (previously known as San Sebastian) in Jalisco State, Mexico.
Soltoro Ltd. is pleased to announce that it has mailed its management information circular and related proxy materials to its shareholders and other securityholders in connection with the special meeting of Securityholders to be held at 9:00 a.m (Toronto time) on June 4, 2015.
Jim Bannantine, the Company’s President and Chief Executive Officer stated, “While markets have had direct negative impacts on Aura and its peers, we have been able to reduce our third party debt requirements through the generation of operating cash flows. The signing of the agreement at the end of April to purchase the Ernesto / Pau-a-Pique Project in Brazil means that Aura will be able to realize — feasibility studies permitting — a stream of cash flow to replace Sao Francisco in Q1 2016…
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