Month: May 2016

Cyprium Mining Corporation provides update on filing of 2015 financial statements

Mr. Alain Lambert, Chairman and CEO of Cyprium stated: “While we have accomplished much from an operational standpoint over the last year, we are disappointed that there was a delay in the completion and filing of our 2015 audited statements. We do not have any audit issues and the operations in Mexico continue according to plans. The delay is in part due to the complexity of certain aspects of the Potosi joint venture. The trading in the shares of the Company will be halted until the financials are filed.”

México rompe récord mundial en producción de plata en 2015

México produjo 189.5 millones de onzas de plata en 2015, un aumento de 3.2 millones de onzas, 2.0 por ciento respecto a 2014, con lo que logró la mayor producción global de este metal en la historia reciente, según el Instituto Mundial de la Plata.

Endeavour Silver Reports First Quarter, 2016 Financial Results; Conference Call at 10am PDT (1pm EDT) Today

Endeavour CEO Bradford Cooke commented, “In the First Quarter of 2016 we delivered on our plan to minimize all-in sustaining costs and improve after-tax free cash flow. We also raised $9.1 million of equity financing during the quarter to improve our working capital and fund some of our growth projects, primarily exploration and engineering at Terronera. Aggressive step-out drilling is now under way at Terronera to further test the Terronera vein and other prospective veins. The next phase of engineering work will also get under way in the second quarter as part of the Terronera pre-feasibility study.”

Hecla Reports First Quarter 2016 Results

“Consistent with our strategy to grow despite price weakness, the first quarter production was the highest in our 500 quarter history,” said Phillips S. Baker, Jr., Hecla’s President and CEO. “Our focus on high return growth like we have at San Sebastian gives Hecla leverage to increasing silver prices. And Casa Berardi’s growing production from the East Mine Crown Pillar pit should do the same for gold.”

Kootenay Announces Sampling Results at La Soledad Zone, La Cigarra Project, Mexico. Highlights Include 252 g/t Silver and 20% Lead

La Soledad, situated approximately 1,000 metres south of the main La Cigarra silver deposit (Las Carolinas Zone) and 500 metres south of the Las Venadas Zone, contains a number of mine dumps and historic mine workings that exploited a series of silver bearing quartz veins. Rock sampling here was conducted over a 500 metre long north-south striking area. Of the 70 rock samples taken during the recent program, one channel sample returned a high value of 252.0 g/t silver and 20% lead over 1.2 metres. In total, 35 samples reported grades exceeding 10 g/t silver with many samples returning high values of lead.

San Marco and GlobeTrotters sign Alliance Agreement to Generate and Acquire Mineral Targets in Northern Mexico

San Marco CEO, Bob Willis stated; “The first stage of target definition is now complete. The incorporation of additional geological information and target prioritization is expected to be completed within two to three weeks. The mere number and quality of targets generated at this point is mind boggling. We have a lot of work to do, such that over the next couple of weeks, the SMN field team is making field access, logistics and personnel preparations so we can ‘hit the ground running’.”

IMPACT Silver drills more wide sections of high grade silver at San Ramon Deeps, including 14.82 meters of 481 g/t Silver and 21.74 meters of 271 g/t Silver

IMPACT Silver Corp. is pleased to announce more high-grade drill results for silver over wide widths from the Deeps Zone of the San Ramon Mine in central Mexico. These new drill intersections are located below previously reported drill intersections and indicate the zone is becoming wider and higher grade with depth. Results from these new drill holes are as follows:

McEwen Mining Q1 2016 Operating & Financial Results

McEwen Mining Inc. is pleased to announce consolidated quarterly production of 37,958 gold equivalent ounces and earnings from mining operations of $19.5 million for the three months ended March 31, 2016. The El Gallo Mine in Mexico had an outstanding quarter, producing at total cash costs and all-in sustaining costs per gold equivalent ounce of $432 and $532, respectively. The San José Mine in Argentina also performed well, and as a result we received a dividend of $2.6 million from MSC in the quarter, compared to a $0.5 million dividend received during all of 2015.

Major Drilling Group International Inc. is one of the world’s largest drilling services companies primarily serving the mining industry. Established in 1980, Major Drilling has over 1,000 years of combined experience and expertise within its management team alone.

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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.