Day: November 9, 2016

Almadex Hits 414.36 Meters of 0.11% Copper and 0.16 g/t Gold Including 74.50 Meters of 0.19% Copper and 0.38 g/t Gold in Hole EC-16-13 and Provides El Cobre Project Overview and Target Discussion

J. Duane Poliquin, Chairman of Almaden, commented, “We started drilling again at the Norte zone to follow up an old hole that ended in important mineralisation. The Norte Zone has room to grow from the recently reported intersections. Nevertheless, the extensive geophysical and alteration work we have done in the past show this area to be an offshoot of a much bigger target which may represent the intrusive core of this large porphyry system. This untested bigger target along with the untested Villa Rica zone will be drilled in the weeks and months ahead. To that end, a new more powerful drill was recently built for the Company. It was shipped from Vancouver this week and should be in Mexico within two weeks.”

Odyssey Marine Exploration Reports Third Quarter 2016 Results

“We continue to support the environmental approval process on the “Don Diego” project through our Mexican subsidiary, and we look forward to moving the project forward in the near future. Plans have been completed, and the team is prepared to begin the next phase of the project as early as Q1 2017,” said Mark Gordon, Odyssey Chief Executive Officer and President.

DynaResource, Inc. Reports October 2016 Gold Production and Results of Operations at San Jose de Gracia

DynaResource, Inc. is pleased to announce that Mineras de DynaResource S.A. de C.V., the 100% owned subsidiary of DynaUSA and the exclusive operator of the San Jose de Gràcia Property in northern Sinaloa, México, is reporting the delivery for sale, on October 31, 2016, of an approximate 550 Oz gold contained in concentrates (exact weights in gold and silver oz. to be determined at final settlement).

First Majestic Reports Third Quarter Financial Results

“Cash generation accelerated during the quarter due to our ongoing disciplined cost management and higher silver prices,” stated Keith Neumeyer, President and CEO of First Majestic. “Our third quarter AISC came in well below guidance at $10.52 per ounce. The reduction in costs were driven primarily by renegotiated smelting and refining agreements, the continued weakness in the Mexican Peso, and record production of silver. In addition, the Company realized an average silver price of $19.72 per ounce, which is the highest price achieved in the past 10 quarters. We have already achieved 80% of our annual production guidance and continue to make great progress towards achieving our financial and strategic objectives for the year.”

Primero Reports Third Quarter 2016 Results

“We are extremely disappointed with our third quarter operating results from our San Dimas mine in Mexico,” stated Ernest Mast, President and Chief Executive Officer. “We had expected to maintain the production levels achieved in Q2 but were impacted by unexpected labour disruptions and reduced development rates which affected average head grades. More recently during October we experienced intermittent work stoppages that have affected mining rates and increased the development backlog which we had previously expected to resolve. In addition, there was a 10-day outage at the Las Truchas hydroelectric facility due to a weld failure in the water feed pipe, further delaying mine development works. For the fourth quarter, we now expect lower production rates and restricted access to certain high-grade areas as we work to increase mine development….

Minaurum Identifies New Bulk-Tonnage Silver Target at La Quintera

“Minas Nuevas represents the first of a number of drill targets that we are progressing to the drill stage at La Quintera,” stated Darrell Rader, President and CEO of Minaurum Gold. “Our exploration program has thus far delineated multiple high-grade silver targets and we expect to identify more as we complete the first systematic mapping and sampling program undertaken in this historic district.”

San Marco Announces Warrant Exercise and Exploration Update

San Marco’s CEO, Bob Willis stated; “As a result of our stated business plan to aggressively pursue the multitude of target areas generated by the Globetrotters/San Marco partnership, we asked our San Marco warrant holders if they would be willing to exercise their warrants much earlier than their expiry. Results so far are a testament to the quality and belief by our shareholders that significant value will result from this request, while striving to preserve our reasonable share structure.”

Sandstorm Gold Announces 2016 Third Quarter Results

“The first three quarters of 2016 have demonstrated the strength of the Sandstorm business model as our ever increasing asset diversification has led to strong revenue and cash flow growth,” said Sandstorm’s President & CEO Nolan Watson. “Our Q3 net income figures have again been bolstered by the strong performance of the Company’s equity and debt investments which we intend to liquidate in due course. With no debt on the balance sheet, we have over $130 million in available capital to pursue acquisitions.”

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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.