Month: March 2016

Americas Silver Corporation Announces San Rafael Pre-Feasibility Study, Updates to Resources and Reserves, and Fourth Quarter and Year-End Results

“Throughout 2015, we continued to reduce costs while increasing silver-lead production and mine efficiency,” said Americas Silver Corporation President and CEO Darren Blasutti. “At the end of March, our operations were on track to deliver on our production guidance and cash costs of $9.00 – 10.00 and all-in sustaining costs of $11.75 – 12.75 per ounce for 2016. We are also excited about the results of our San Rafael pre-feasibility study and maiden reserve estimate. At current prices, it has a pre-tax IRR of 27% and attractive economic upside through conversion of the existing resource to reserve, as well as resource addition from exploration once underground access has been established. We are starting small with initial capital estimates of approximately $22 million to get into production. The project is expected to produce 5.5 million ounces of silver, 254 million pounds of zinc and 97 million pounds of lead over an initial reserve life of 5.5 years at negative silver all-in sustaining costs.”

Mexus appoints Director of Operations, Mine Superintendent, and a Mining Plan for their Santa Elena Project

Mexus Gold US today announced the appointment of Geologist Cesar Lemas as Director of Operations (DOO). Mr. Lemas is a graduate of the University of Arizona with a Masters in Mineral Economics. His experience is vast and includes geological exploration, mine-project valuation and development, geophysics, geochem, metallurgy, mine design, mineral processing, and dry desert placer mining and development. CEO Paul Thompson added, “Cesar Lemas is the perfect person to help Mexus bring its Santa Elena project into production. His knowledge of our property matched with his experience will prove invaluable moving forward.”

Sierra Metals Reports Fourth Quarter and Year-End 2015 Financial Results

Mark Brennan, President and CEO of Sierra Metals commented: “Sierra had a very strong start in 2015 with record production, throughput and strong cash flows. However, the latter part of 2015 has been challenging with weaker financial and production results as a result of lower metal prices and the introduction of important operational improvements, primarily at the Yauricocha Mine. These changes and improvements have temporarily impacted production levels but aim to structurally improve our operations and production capabilities for the longer term.”

Kootenay Silver Acquires NSR from Coeur Capital on La Cigarra Project

Kootenay Silver President and CEO James McDonald stated “We are very pleased to have the opportunity to consolidate the ownership of the royalty at this time. Given our belief in La Cigarra’s silver resources and the potential for additional discoveries the opportunity to repurchase the royalty is beneficial to the project.”

Cyprium Mining retains Imdex/Cascabel as technical advisors for Potosi silver mine project

Cyprium Mining Corporation is pleased to announce that it has engaged International Mineral Development and Exploration Inc./Compañia Minera Cascabel S.A. de C.V. as technical advisors for the development and exploration program at the Company’s Potosi silver mine located in the historic Santa Eulalia mining district located in the State of Chihuahua, Mexico. IMDEX-Cascabel is led by Dr. Peter Megaw, who is considered an expert on Carbonate Replacement Deposits (CRDs) of which the Santa Eulalia mining district is historically considered the world’s largest example. His doctoral work at the University of Arizona was a comprehensive study of the district and he is very familiar with the Potosi Mine.

GoGold Resources Inc. Announces Results of Annual and Special Meeting

GoGold Resources Inc. is pleased to announce that at the annual and special meeting of shareholders held on March 24, 2016, the shareholders re-elected Terence Coughlan, Phillip Gaunce, George Waye, Terrence Cooper and Dana Hatfield as directors of the Company for the forthcoming year. Each director was elected by a majority of the shareholders on a show of hands and the table below presents the votes represented by proxy in respect of the election of each director:

Confirman muerte de seis en desplome de aeronave

La Fiscalía General del Estado (FGE) y autoridades del estado de Sinaloa, confirmaron ayer el desplome del aeronave tipo Cessna 206, con número de matrícula XBM-FY, que despegó el pasado martes del municipio de Angosturas, Sinaloa y cayó en la sierra de Mocorito, Sinaloa, con saldo de seis personas fallecidas.

Aura Minerals Announces Fourth Quarter and Year End 2015 Financial and Operating Results

Jim Bannantine, the Company’s President and Chief Executive Officer stated “I am extremely proud of what Aura has achieved in 2015 and into the early part of 2016. 2015 certainly presented challenges operationally, technically and in the commodity markets and the Company has met those challenges as well as revised cost and production targets. We have focused on increasing cash flow optimization from our operating gold assets at San Andres and Sao Francisco and where necessary, internally re-organized and re-strategized to successfully continue servicing our debt burden and maintain our interests in our Aranzazu and Serrote copper projects.

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