Day: February 10, 2016

Diamond Drilling Results from the La Cobota Copper Project, Mexico

“The assay results from the diamond drilling at La Cobota suggest that the mineralized iron oxide vein has significantly more structural complexity and grade variability than was originally anticipated from surface mapping and the available historical mining records. Work is continuing to assess the viability of the mineralized structure to host a resource and the Company will make a decision on the La Cobota option in due course,” said Chief Executive Officer Pieter Britz.

Agnico Eagle Reports Fourth Quarter and Full Year 2015 Results – Strong Operational Performance Yields Record Annual Production; Updated Amaruq Mineral Resources and Initial Mineral Resources Declared at El Barqueño and the Sisar Zone at Kittila

“In 2015, our operations continued to perform well, which allowed us to do better on both our production and cost guidance for the fourth consecutive year. Despite a volatile gold price environment, we doubled our exploration spending, continued to advance our pipeline of development projects, and reduced our net debt by approximately $190 million,” said Sean Boyd, Agnico Eagle’s Chief Executive Officer. “Over the next three years, we are forecasting stable annual production and costs, which should allow us to continue to invest in our existing mines, maintain funding levels at our key exploration projects, advance our development pipeline in Nunavut at a steady and measured pace and maintain our history of continuous dividend payments to shareholders,” added Mr. Boyd.

Coeur Reports Year-End 2015 Mineral Reserves and Resources

“Year-end 2015 reserves reflect the continuing theme of ‘quality over quantity’ of silver and gold ounces and align with our strategy to produce higher-grade, higher-margin ounces to maximize free cash flow across our operations,” said Mitchell J. Krebs, Coeur’s President and Chief Executive Officer. “We removed the lower-grade material that was not economical at these lower metals prices, primarily from La Preciosa, using silver and gold reserve prices over the next two years that are 18% and 10% lower, respectively, than year-end 2014. Companywide gold reserves increased by over 600,000 ounces at 33% higher grade compared with last year, primarily due to the addition of Independencia Este, Wharf, and higher grade material at Kensington.

Minera Alamos Inc. Provides Plans Regarding La Fortuna Gold Project

“One of the primary factors in our decision to acquire La Fortuna is its advanced stage of development”, said Chris Frostad, Minera Alamos’ CEO. “The scope of previous test work that is available gives us a significant head start on the development timeline. We expect to be able to complete a Preliminary Economic Assessment of La Fortuna by this summer”.

Oretest is a mining exploration drilling contractor based in Mazatlán, Sinaloa, México. The company is managed by Bart Forsyth, with 36 years of extensive drilling experience on most continents with major companies. The company takes great pride in providing high-quality services while making safety a priority. Maintenance, cleanliness, precision and proper drilling habits makes a good safety environment and produces results.

We are world leaders in testing, inspection and certification services. We are present in all sectors of the economy with solutions and services that enhance the business, avoiding risks, improving operational performance and protecting the reputation and brand of our clients.