Year: 2016

Fortuna commissions 3,000 tpd mill expansion on-time and under-budget at the San Jose Mine, Mexico

Jorge A. Ganoza, President and CEO of Fortuna, commented, “I would like to commend the superb work done by our team in delivering the construction and commissioning of the San Jose Mine expansion to 3,000 tpd on-time and under-budget.” Mr. Ganoza continued, “Post expansion, the San Jose Mine will rank among the world’s top thirteen primary silver producing mines with an estimated AISC below US$7.0 per ounce of silver.”

Cyprium Mining announces start of production at the Potosi Silver Mine

Mr. Alain Lambert, Chairman and CEO of the Cyprium commented: “We are very pleased that it took only six months and less than a million dollars to return the Potosi Mine to production. This nicely validates Cyprium’s business plan of acquiring and inexpensively restoring past producing mines to generate cash flow for expanded development and exploration.” Mr. Lambert added: “We believe that the larger Santo Domingo mineralized body located at level 9, 10 and 11 of the mine – also known as the Main Silicate Body – has good exploitation potential and having started production of the Tunel body, evaluation and preparations for exploiting the Santo Domingo body will assume top priority.”

Canasil Closes $2,072,000 Second and Final Tranche of Non-brokered Private Placement

Finder’s fees of $38,400 and 60,000 finder warrants was paid to Sprott Private Wealth LP, and $85,920 and 134,250 finder warrants was paid to Sprott Global Resource Investments, Ltd. Finder’s warrants have the same terms as the Unit Warrants. The proceeds of the Placement will be used for continuing exploration programs on the Company’s mineral exploration projects and for working capital.

Excellon Announces $10 Million Bought Deal Financing

The Company intends to use the net proceeds of the Offering to fund accelerated exploration at the Company’s Platosa Project, for capital expenditures at the Platosa Mine and Miguel Auza Mill, for working capital expenses and for general corporate purposes.

Mexico Now has Access to the Latest Technology in Grinding Media Designs

“Direct visits to mine processing sites confirmed that there are clear benefits in using these specialized designs”, said The Sino Grinding senior regional chief, Mark Addison. “Breakage of media and coarse grind results will be easily corrected with our wide range of designs”, he said.

Gold Resource Corporation Reduces Ownership in Canamex Resources Corp.

Gold Resource Corporation announced today as required by Canadian securities regulations that it has disposed of certain common shares it previously indirectly held of Canamex Resources Corp. The Company initially reported the acquisition of 22,222,222 common shares in the capital of Canamex in February 2014 which, at the time, represented approximately 18.4% of the issued and outstanding common shares of Canamex. Since the initial report, the Company has periodically reviewed its holding and, based on its stated investment objectives, has periodically sold common shares of Canamex.

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