Year: 2016

Jorge A. Ganoza, President and CEO, commented, “We have made a strong start to the year operating well within our production and cost targets and look forward to the commissioning of our key expansion project at the San Jose Mine in July.” Mr. Ganoza continued, “At San Jose’s new production rate of 3,000 tpd, the company will target total annual consolidated production of approximately nine million ounces of silver and fifty-two thousand ounces of gold, with an AISCC below $9.0 per ounce of silver.”

Norvista Capital Corporation today announces that it acquired, together with Norvista Capital I Limited Partnership, an aggregate of 5,000,000 units of Minera Alamos Inc. pursuant to a non-brokered private placement at a price of $0.10 per Unit. Each Unit was comprised of one common share and one-half of one common share purchase warrant of Minera. Each Warrant entitles the holder thereof to acquire one additional common share of Minera at a price of $0.15 at any time prior to May 4, 2019. The LP, which is managed by the Company, invests alongside Norvista on a pro rata basis in qualifying investments.

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.”

Minera Alamos Inc. is pleased to announce closing of the second tranche of its previously announced private placement for aggregate proceeds of $500,000.

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.