Day: February 16, 2016

Drilling Permit Approved for Loma Bonita

The first stage of this drilling campaign will be focused on testing the high priority Loma Bonita prospect, where extensive, highly significant gold and silver grades have been identified by surface sampling (ASX: 16 & 21 October 2015). This mineralisation is hosted in residual quartz (both vuggy and strongly silicified) similar to that which hosts the silver mineralisation at Mesa de Plata. The drill rig has been mobilised to site and drilling of the first hole has commenced.

Alianza Minerals Sells Mexican Properties

Jason Weber, President and CEO of Alianza stated, “With the sale of our Mexican properties to Almadex, a company with great experience in exploring in Mexico, Alianza streamlines costs while remaining focussed on our early stage and generative projects in Peru, Yukon, and Nevada.”

Altos Hornos de México, S.A.B. de C.V. Comienza el Envío por Correo de Declaración Informativa para la Asamblea de Acreedores Reconocidos el 18 de Abril de 2016

AHMSA declaró que: “Asegurar la aprobación del Plan es uno de los pasos finales importantes necesarios para levantar la suspensión de pagos con la que AHMSA ha estado operando. El levantamiento exitoso colocará a AHMSA en posición para mejorar su potencial a largo plazo, lo que le brindará a la empresa la capacidad para tener más flexibilidad financiera, para maximizar la racionalización de su estructura de capital y competir y crecer con más eficiencia. El levantamiento también le permitirá a AHMSA mejorar aún más su propuesta de valor a largo plazo, al establecer una plataforma financieramente sólida desde la cual la empresa pueda ejercer sus iniciativas operativas y sus prioridades estratégicas”.

Capstone Mining 2015 Financial Results

“Despite very challenging market conditions for base metal companies in 2015, we posted positive cash flow before changes in working capital of $60 million,” said Darren Pylot, President and CEO of Capstone. “We took a number of steps through the year to reduce costs and improve reliability at our operations, with fourth quarter throughput at Pinto Valley of 54,000 tonnes per day surpassing our expectations and positioning the mine well for the next planned expansion. In addition, we made several strategic decisions throughout 2015 to preserve our financial flexibility, including protecting our revenue through price fixing and zero-cost copper collars, as well as suspending work on our Santo Domingo project until market conditions improve.”

Great Panther Resumes Full Operations at its Guanajuato Mine Complex After Conclusion of Assessment of Explosives Theft

GREAT PANTHER SILVER LIMITED announces that it has received official notice allowing the Company to resume the use of explosives at its Guanajuato Mine Complex. The Mexican regulatory authority responsible for permitting and regulating the use of explosives has now formally concluded its review of the previously announced theft of explosives from one of the mines at the GMC, and the Company has resumed full production at the mines.

Southern Silver Announces Equity Financing

Southern Silver Exploration Corp. plans to issue up to 12,000,000 units in a non-brokered private placement at a price of $0.05 per Unit to raise $600,000. Each Unit will consist of one common share and one share purchase warrant, with each warrant exercisable to purchase one additional common share for a period of five years at an exercise price of $0.08 per share.

Minera Alamos Inc. Announces Brokered Private Placement

Minera Alamos Inc. announced today that it has engaged IBK Capital Corp. to conduct a brokered private placement of up to 30,000,000 units at $0.10 per Unit for gross proceeds of up to $3,000,000. Each Unit consists of one common share in the capital of the Company and one half of common share purchase warrant. Each whole warrant entitles its holder to purchase one common share in the capital of the Company at an exercise price of $0.15 per share for a period of 3 years from the date of issuance. The Offering may be closed in one or more tranches and is subject to requisite approval from the TSX Venture Exchange.

Hecla Reports Record Silver Reserves for the 10th Consecutive Year of 175 Million Ounces and Gold Reserves of 2.1 Million Ounces

“Our mines continue to demonstrate their position amongst the highest quality silver mines in the world, adding silver reserves for the 10th consecutive year using one of the lowest price assumptions in the industry and after replacing the 11.6 million ounces of silver production,” said Phillips S. Baker, Jr., Hecla’s President and CEO. “The strength of our mineral resources, particularly at Greens Creek, and the historically high conversion rate at all the mines, give us confidence that we can continue to add reserves in the coming years.”

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