Month: March 2016

Endeavour CEO Bradford Cooke stated: “We delivered another solid year of operating performance in 2015, beating our guidance for silver production, cash costs and all-in sustaining costs and meeting our gold production guidance. Guanaceví continued to perform better than plan and the completion of the Phase two mine expansion from 1,500 tpd to 2,200 tpd at El Cubo was a significant accomplishment.

Kootenay President and CEO James McDonald stated, “The Option Agreement represents a significant milestone in the development of La Negra that creates a pathway to fulfilling our goal to advance the project towards production and to further explore key prospective areas within the Promontorio Mineral Belt. As a world leading silver producer, Pan American brings to Kootenay an unparalleled track record in silver exploration and mine development. This expertise is a major benefit to Kootenay shareholders and will undoubtedly play a vital role in our future success. The Pan American option leverages Kootenay’s considerable investment in the project to date. We believe that working together, Kootenay and Pan American have the capability to fully exploit the upside potential of these emerging assets.”

Prospero Silver Corp. reports that the board of directors of the Company has approved the granting of 1,365,000 stock options pursuant to the Company’s Share Option Plan to directors, officers and employees of the Company. The Options are exercisable at a price of $0.05 per share expiring on March 2, 2021 and vest immediately.

The Company intends to use the net proceeds of the Offering to fund development and exploration expenditures at the Juanicipio Project and for working capital and general corporate purposes.

“Strong operating results translated into substantial increases in our operating margins and operating cash flow for 2015, despite continued declines in silver and gold prices”, stated Robert Archer, President & CEO. “Production increased 30% as a result of the ramp-up of San Ignacio and improvements in grade control and operating efficiencies. These factors, combined with favourable foreign exchange rates, also resulted in significantly reduced cash cost and all-in sustaining cost. In addition, our strong operating cash flow enabled us to invest in strategic initiatives and fund advanced exploration projects while maintaining our strong cash and working capital balances.”