Year: 2016

Torex Announces Arrangements To End The Illegal Blockade Of Its El Limon-Guajes Mine

Torex Gold Resources Inc. is pleased to announce that arrangements have been made to lift the illegal blockade of its El Limon-Guajes Mine at 6 PM on Thursday April 14th. Between now and then, operations and contractor personnel will be mobilized to site and the operations will be re-started on night shift of April 14th. During the temporary stoppage a number of maintenance, fine tuning, and commissioning activities were completed. These included the replacement of the SAG mill liners, chute adjustments, piping improvements, filter cloth replacement and the final commissioning of the RopeCon. In addition, resettlement activities at the new village of Real del Limon were completed with all of the families now moved into their new homes.

Americas Silver Corporation Provides First Quarter Production Update

“We delivered a solid operational quarter due in large part to the restructuring plan we put in place earlier this year combined with our continued focus on cost reductions and productivity improvements despite lower lead grades at the Galena Complex,” said Americas Silver President and CEO Darren Blasutti. “For the remainder of the year, our focus will be on improving our Cosalá Operations mine planning, securing financing for our San Rafael project and increasing mining in higher lead grade areas at the Galena Complex in order to maintain our momentum on lowering costs to achieve or exceed our stated guidance for the year.”

Red Tiger Announces Amendment to Loan Agreement

Red Tiger Mining Inc. announces that it has amended its senior secured loan between Minerales Libertad, S.A. de C.V., the Company’s wholly-owned subsidiary, and Gerald Metals S.A.

Semarnat niega autorizar el proyecto minero Don Diego, en Comondú; empresa cae en la Bolsa

“Don Diego se planteaba desarrollar en una zona que es de vital importancia para las tortugas caguamas, y para mamíferos marinos como la ballena gris, ambas especies en riesgo. Se sabe que el tipo de draga que pretendían utilizar, en otras partes del mundo succiona literalmente a las tortugas, y a pesar de que se estaban proponiendo adecuaciones a la draga, no se sabe en realidad qué tan efectivas serán estas medidas al ser implementadas”, declaró Alejandro Olivera, un experto en temas de medio ambiente.

Golden Minerals Issues No Corporate Development Statement

GOLDEN, Colo., April 11, 2016 /PRNewswire/ — Golden Minerals Company (NYSE MKT: AUMN; TSX: AUM) (“Golden Minerals” or “the Company”), at the request of IIROC Market Surveillance and on behalf of the Toronto Stock Exchange, wishes to issue a statement that the Company is not aware of any undisclosed material development that would cause today’s upward movement in the Company’s share price.

Mexus readies materials and equipment for heap leach pad

Mexus CEO Paul Thompson closed, “We will continue to update our shareholders as pertinent information becomes available. The company is aggressively moving forward with our plan to heap leach and hard rock mine. We are extremely excited and optimistic about this phase of Mexus’ growth and look forward to releasing additional information in the coming weeks.”

Odyssey Marine Exploration Responds to Decision on “Don Diego” Project

“While the denial was obviously a very disappointing outcome, after an extensive review of SEMARNAT’s decision, we are impressed by the thorough process which included over 16,000 pages of submissions from our team with more than 2,700 subsections and responses to more than 90 specific questions posed by SEMARNAT scientists and technicians,” commented Mark Gordon, Odyssey president and chief executive officer. “We are pleased that taking into consideration the large number of potential environmental impacts that were evaluated, the denial was focused only on a single issue, the potential impact of dredging operations on sea turtles, which we believe was based on misinformation.

Avino Announces Q1 2016 Production Results

“With a steady first quarter behind us, 2016 is shaping up to be a solid year for Avino. Our operations team delivered another quarter of consistent production and development at the San Gonzalo and Avino Mines respectively, putting us in a strong position to achieve our goals for the year. In 2016 our objectives are to continue to focus on efficient operations including improving recovery rates, meeting production targets, controlling costs and transitioning the Avino Mine from the development phase to underground mining. Underground Mining commenced on April 1 on upper level 11.5 using the long-hole sub-level caving method, which is a cost effective method of extraction,” David Wolfin, President, CEO & Director, Avino Silver & Gold Mines Ltd.

Marlin Gold Mining Announces Rights Offering

Marlin Gold Mining Ltd. announces that it will be offering rights to holders of its common shares at the close of business on the record date of April 18, 2016, on the basis of one right for each common share held. Each Right will entitle the holder to subscribe for 0.3752 Common Shares of Marlin upon payment of the subscription price of $0.30 per Common Share. The Rights Offering will be conducted in Canada only.

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