Day: April 11, 2016

Red Tiger Announces Amendment to Loan Agreement

Red Tiger Mining Inc. announces that it has amended its senior secured loan between Minerales Libertad, S.A. de C.V., the Company’s wholly-owned subsidiary, and Gerald Metals S.A.

Semarnat niega autorizar el proyecto minero Don Diego, en Comondú; empresa cae en la Bolsa

“Don Diego se planteaba desarrollar en una zona que es de vital importancia para las tortugas caguamas, y para mamíferos marinos como la ballena gris, ambas especies en riesgo. Se sabe que el tipo de draga que pretendían utilizar, en otras partes del mundo succiona literalmente a las tortugas, y a pesar de que se estaban proponiendo adecuaciones a la draga, no se sabe en realidad qué tan efectivas serán estas medidas al ser implementadas”, declaró Alejandro Olivera, un experto en temas de medio ambiente.

Golden Minerals Issues No Corporate Development Statement

GOLDEN, Colo., April 11, 2016 /PRNewswire/ — Golden Minerals Company (NYSE MKT: AUMN; TSX: AUM) (“Golden Minerals” or “the Company”), at the request of IIROC Market Surveillance and on behalf of the Toronto Stock Exchange, wishes to issue a statement that the Company is not aware of any undisclosed material development that would cause today’s upward movement in the Company’s share price.

Mexus readies materials and equipment for heap leach pad

Mexus CEO Paul Thompson closed, “We will continue to update our shareholders as pertinent information becomes available. The company is aggressively moving forward with our plan to heap leach and hard rock mine. We are extremely excited and optimistic about this phase of Mexus’ growth and look forward to releasing additional information in the coming weeks.”

Odyssey Marine Exploration Responds to Decision on “Don Diego” Project

“While the denial was obviously a very disappointing outcome, after an extensive review of SEMARNAT’s decision, we are impressed by the thorough process which included over 16,000 pages of submissions from our team with more than 2,700 subsections and responses to more than 90 specific questions posed by SEMARNAT scientists and technicians,” commented Mark Gordon, Odyssey president and chief executive officer. “We are pleased that taking into consideration the large number of potential environmental impacts that were evaluated, the denial was focused only on a single issue, the potential impact of dredging operations on sea turtles, which we believe was based on misinformation.

Avino Announces Q1 2016 Production Results

“With a steady first quarter behind us, 2016 is shaping up to be a solid year for Avino. Our operations team delivered another quarter of consistent production and development at the San Gonzalo and Avino Mines respectively, putting us in a strong position to achieve our goals for the year. In 2016 our objectives are to continue to focus on efficient operations including improving recovery rates, meeting production targets, controlling costs and transitioning the Avino Mine from the development phase to underground mining. Underground Mining commenced on April 1 on upper level 11.5 using the long-hole sub-level caving method, which is a cost effective method of extraction,” David Wolfin, President, CEO & Director, Avino Silver & Gold Mines Ltd.

Globexplore is a customer focused, technology driven mineral exploration drilling contractor devoted to top of class drilling methods and techniques that only years of experience can achieve. Every day we strive to be the industry leader by providing the highest rate of performance, professionalism, safety and environmental responsibility.

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Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.