Month: June 2016

IMPACT Silver Closes the Fourth and Final Tranche of the Private Placement

IMPACT Silver Corp. is pleased to announce that it has completed the brokered private placement announced on May 20, 2016. The fourth tranche raised $248,765 by issue of 436,430 Units at a price of $0.57 per Unit. In total, the Private Placement raised aggregate proceeds of $5,000,000 by the issue of 8,771,930 Units at a price of $0.57 per Unit. Each Unit consists of one common share and one-half of one warrant. Each whole warrant entitles the holder to purchase one common share per Warrant at a price of $0.90 per Share for a period of 36 months from the date of issuance.

First Mining Announces AGM Results and Changes to Management

First Mining is also pleased to announce that Mr. William Tanaka and Mr. Samir Patel have joined the Company as Vice President, Technical Services, and Corporate Counsel and Corporate Secretary, respectively. Mr. Patel will be taking over the role of Corporate Secretary and due to the Company’s increased focus on projects within Canada, Mr. Raul Diaz’s position has changed from Vice President of Exploration to Exploration Manager, Latin America.

Kootenay Plans 3,000 Metre Drill Program at La Cigarra Project, Mexico

States Kootenay President and CEO James McDonald “We are very excited to proceed with a targeted drill program on La Cigarra mineral resource and the nearby RAM target. The objective will be to further enhance the size and grades of our established silver resource estimate on La Cigarra prior to proceeding with a Preliminary Economic Assessment on the project. Concurrently, we will conduct the first drill test on our high priority RAM target that is a large, structurally controlled trend that demonstrates significant potential to further add to our current silver resources.”

Aura Silver Resources Inc. sadly reports that Company director Eric Craigie passed away recently. Eric served as a director since the Company’s inception in 2003 and was previously Vice President, Exploration.

Aura Silver Resources Inc. sadly reports that Company director Eric Craigie passed away recently. Eric served as a director since the Company’s inception in 2003 and was previously Vice President, Exploration. Eric provided valuable counsel on the strategic direction and governance of the Company over the past thirteen years. The Company’s Greyhound property was first prospected by an exploration team led by Eric and Paul Pitman, Manager of Canadian Operations during the mid- 1990’s, which led to the Company’s interest in the project.

Santacruz Announces Increase to Equity Financing

Santacruz Silver Mining Ltd. reports that, in connection with its previously announced short form prospectus offering of units at a price of C$0.40 per Unit, it has amended its agreement with Haywood Securities Inc., on behalf of a syndicate including M Partners Inc., to increase the amount of the Offering from 26,500,000 Units to up to 32,500,000 Units for aggregate gross proceeds of up to $13,000,000.

MAG Reports NYSE MKT Ticker Change and AGSM Results

MAG Silver Corp. announced today that the Company will change the ticker symbol of its common shares listed on the New York Stock Exchange from MVG to MAG effective Monday, June 27, 2016. The Company will then trade on both the TSX and NYSE MKT as MAG.

Santacruz Restructures Silver Pre-Payment Agreement and Announces Equity Financing

Arturo Préstamo, President and Chief Executive Officer of Santacruz, stated: “We are very pleased to have come to an agreement with JMET and Haywood to restructure the current Silver Pre-Payment Agreement, which strengthens our balance sheet and in particular our working capital. I am also pleased to report that this week we are taking delivery at the Veta Grande Mine of a key piece of mechanized mining equipment that will significantly increase our mine production going forward.”

Timmins Gold Repays Secured Debt to Sprott and Goldcorp

“Settlement of this debt is a very significant achievement for Timmins as it has been a top priority to place the Company in a stronger financial position going forward.” stated Mark Backens, Interim CEO. “With the debt paid off we gain flexibility and can renew focus on the advancement of the Ana Paula feasibility study and permitting work. Initial funding for this work will be provided by the cash flow generated from the San Francisco Mine. We would like to extend our appreciation to both Sprott and our largest shareholder Goldcorp for their support.”

Primero Acquires Large Strategic Mineral Concession at San Dimas

Primero Mining Corp. today announced that is has acquired a large concession area adjacent to its San Dimas mine in Durango, Mexico. The Company has added 30,192 hectares substantially covering the area between the San Dimas mine and the Ventanas exploration property located 32 kilometres to the south. The newly acquired concession is not covered by the San Dimas silver purchase agreement, and brings Primero’s total concession area in the district to 68,628 hectares.

Minera Alamos Inc.: Metallurgical Tests Demonstrating Gold Recoveries in Excess of 90% Enhance the Economic Potential at La Fortuna

“Compared to typical gold heap leach recoveries, these new results represent an approximate 50% increase in potential gold production from the La Fortuna gold resource. In addition, the ability to pre-concentrate the gold prior to leaching allows for further reductions in the scope and capital required for downstream processing equipment,” said Darren Koningen, President of Minera Alamos. “These favorable results allow us to consider alternative processing methods other than heap leaching, possibly increasing the economic potential of the project significantly”.

Hecla Announces Appointment of Lindsay Hall as Senior Vice President and Chief Financial Officer

“Lindsay has had key leadership roles in the U.S. and Canada, in mining and other industries,” said Phillips S. Baker, Jr., Hecla’s President and Chief Executive Officer. “We are pleased that he has chosen to join us at a time when Hecla is at its strongest – most reserves and production in our history – and as we continue to adopt new technologies to improve our productivity and extend mine life, and acquire new high-quality properties.”

Torex Announces Ten for One Share Consolidation

Torex Gold Resources Inc. announced that the Company’s Board of Directors has authorized the implementation of the consolidation of the Company’s issued and outstanding common shares on the basis of one post-consolidation Common Share for every ten pre-consolidation Common Shares, effective June 30, 2016.

Americas Silver Corporation Announces Closing of the Concurrent Financing

Combined with the original private placement, the Company has raised aggregate gross proceeds of approximately C$32 million. The net proceeds of the original private placement and Offering are expected to be used by the Company for capital programs at the Galena Complex and San Rafael Property, debt repayment, working capital and general corporate purposes.

Copper Mineralisation Drilled at Loma Bonita

Azure’s Managing Director, Tony Rovira described the identification of semi-massive copper sulphide mineralisation as a very significant development for the Alacrán Project. “This discovery supports our geological model that the hydrothermal breccia at Loma Bonita is part of a feeder zone within a large mineralised system that may extend to significant depths. The gold-silver mineralisation within the near-surface oxide zone at Loma Bonita is the highest priority for our exploration program, and drilling is continuing there in order to delineate the overall size and grade of this mineralised zone…”

Almaden Provides Ixtaca Project Update

J. Duane Poliquin, chairman of Almaden commented: “We continue to advance Ixtaca towards a production decision. We are proud of our hardworking team that has allowed the Company to effect significant progress while limiting shareholder dilution despite the downturn in mining. We look forward to updating shareholders with further progress in the coming months as we focus on the preparation of a PFS study and permit submittal as well as exploration. Going forward we will begin to build a mining team to handle the final push towards production.”

Starcore Announces Pre-production Results from Altiplano Plant

“We have proven the ability to process various types of concentrate and expect to do this profitably with a consistent supply of concentrates and production,” said Robert Eadie, President of the Company. “Having tested concentrates received from 14 different suppliers, we are currently negotiating concentrate purchase agreements for the best quality concentrate that will bring a consistent supply. As stated before, we see the Altiplano Plant as a synergistic cash-flow producing arm of the Company, growing our asset base for our shareholders.”

Argonaut Gold Acquires Land, Submits Permit Application and Files the Technical Report for its San Agustin Project

Pete Dougherty, President & CEO stated: “With the EIS already completed and now that we have come to an agreement on the land for the San Agustin project and filed our permit application, we expect to receive a permit decision during the third quarter of 2016. Assuming a positive construction decision in the fourth quarter of 2016, we would anticipate first gold production from San Agustin in the third quarter of 2017.”

Telson Resources Inc. – Clarifies Technical Disclosure

Telson Resources Inc. announces that as a result of a review by the British Columbia Securities Commission, the Company is issuing this news release to clarify the Company’s previous disclosure. Some information in previous Company Management Discussion and Analysis, its website property pages, investor fact sheet, and corporate presentation included mineral resource estimates and preliminary economic assessment disclosures that were not compliant with the standards of disclosure for mineral projects as set out by National Instrument 43-101 and as a result could be misleading.

IMPACT Silver Closes the Third Tranche of Private Placement

IMPACT Silver Corp. is pleased to announce that it has completed the third tranche of the brokered private placement announced on May 20, 2016. The third tranche raised $1,375,011 by issue of 2,412,300 Units at a price of $0.57 per Unit. The Corporation also issued 88,000 Units directly to a purchaser, for gross proceeds of $50,160. To date, the Corporation has raised aggregate proceeds of $4,751,235 by the issue of 8,335,500 Units. Each Unit consists of one common share and one-half of one warrant. Each whole warrant entitles the holder to purchase one common share per Warrant at a price of $0.90 per Share for a period of 36 months from the date of issuance.

Office: +52 (662) 688-5815

[email protected]

Sites of Interest

This new application brings the paper map online.

Up to date information of:

  • Resources.
  • Production.
  • Endowment.
  • Technical Reports.
  • Geology.
  • And More…

Check the Mining State Panoramas

The promotion and dissemination as essential elements to understand and disseminate our Mineral resources, that is why today it is pleased to make the document “Mining Panorama” available to society, by state.

Get to know GeoInfoMex in 3D

GeoInfoMex, is the consultation system of the Mexican Geological Service that allows users to know geoscientific information and make decisions with savings in time and resources, helping to promote mining activity.


México Minero is a non-governmental organization that promotes sustainable mining.

The DOF is the organ of the Constitutional Government of the United Mexican States, which has the function of publishing in the national territory, to so that they are properly observed and applied in their respective areas of competence.

Learn about the current situation of the mining industry as well as the activities carried out by Camimex.

Mexico Mining Center © 2019 / All Rights Reserved