Year: 2016

Alamos Reports Fourth Quarter and Year-End 2015 Results

“We produced 380,000 ounces of gold at all-in sustaining costs of $1,091 per ounce in 2015 meeting both our production and cost guidance and capping off a transformational year for Alamos,” said John A. McCluskey, President and Chief Executive Officer. “With the ongoing ramp up of production at Young-Davidson and cost improvements at Mulatos, we expect all-in sustaining costs to decrease more than 10% in 2016. We expect this trend to continue as we execute on our core strategy of growing production and lowering costs at both Young-Davidson and Mulatos, driving significant free cash flow growth in the years ahead,” Mr. McCluskey added.

Cyprium Mining Corporation announces proposed private placement and corporate update

Mr. Alain Lambert, Chairman and CEO of Cyprium stated: “The rehabilitation of shaft #3 of the Potosi mine and the exploration at level 2, 3 and 4 of the mine continue to progress on budget and according to schedule. The main activities over the last two months consisted in the overhaul of the rail system for the extraction of mineralized material, the repair of the hoist and implementation of various measures for improved safety in the mine. Over the next six weeks we expect to proceed with the installation of the necessary drilling and mining equipment infrastructure at level 3 and 4 of the mine, including the installation of a new air compressor.”

Millrock Announces Investor Relations Contract

Millrock Resources Inc. announces that Melanee Henderson has been hired on a contract basis to provide investor relations services to the Company. Ms. Henderson will be responsible for the development and execution of a communications program aimed at increasing the Company’s profile in the investment community. Ms. Henderson brings with her over ten years of experience as an investor relations professional, primarily with Hunter Dickinson Inc. of Vancouver, B.C.

Timmins Gold Updates Ana Paula PEA, Incorporating El Sauzal Plant Acquisition After-Tax NPV of $248M, IRR of 43% at $1200/Oz Gold

“This PEA update quantifies the economic benefits of the El Sauzal facilities acquisition on the already-robust Ana Paula Project. We continue to view Ana Paula as one of the best development-stage gold projects in Mexico,” commented Mark Backens, Interim CEO. “Total initial capital estimate has been reduced by approximately $42 million. It is also important to note that because we have already acquired essentially all of the equipment and materials the risk of capex overruns and delivery delays has been significantly lowered.”

Marlin Gold Mining Lowers Interest Rate of Unsecured Facility, Strengthens Balance Sheet and Provides Corporate Update

Marlin Gold Mining Ltd. is pleased to announce that it has lowered the annual interest rate of its unsecured facility with entities controlled by Wexford Capital LP, Marlin’s controlling shareholder, from 15% to 8% per year. The Company has also extended the maturity of the Facility by one year to January 15, 2018. To finance the acquisition of certain assets described in this press release, Marlin has increased the Facility by US$3 million to US$35.5 million.

Newcastle Gold and Catalyst Copper Announce Merger to Strengthen Board and Provide Financial Flexibility

The combined company will provide shareholders with exposure to a significant, substantially permitted gold resource at NewCastle’s Castle Mountain Gold Project, including 0.48 million measured ounces of gold at 0.86 g/t, 3.7 million indicated ounces at 0.57 g/t, and 0.76 million inferred ounces at 0.58 g/t1, as well as a strengthened management team led by Richard Warke, as Executive Chairman, and including high profile and experienced board members Jim Gowans and Frank Giustra. The combined company will continue to be named “NewCastle Gold Ltd.”

Odyssey Marine Exploration Executes Funding Transaction

“The Odyssey management team has been working closely with the MINOSA team throughout the past year,” said Mark Gordon, Odyssey’s chief executive officer. “Although the initial closing of the SPA has taken longer than originally contemplated due to the extended environmental approval process for the Oceanica project, the continued assistance provided by MINOSA and this recent agreement with Epsilon reinforces our belief that MINOSA is the right partner for Odyssey’s offshore mineral exploration business.”

Southern Announces Initial Resource Estimate at Cerro Las Minitas – Indicated: 10.8Mozs Ag, 189Mlbs Pb and 207Mlbs Zn (36.5Mozs AgEq); and Inferred: 17.5Mozs Ag, 237Mlbs Pb and 626Mlbs Zn (77.3Mozs AgEq)

President, Lawrence Page Q.C. stated “Since May 2011, Cerro Las Minitas has developed from a prospect into a resource with great potential to become a significant economic deposit. Continued growth is expected along the 25 kilometres length of the 13,700 hectare property. We have succeeded, during one of the most severe bear markets in recent history, in purchasing the property for a cost of $US 3.6 million, conducted extensive geophysical evaluation and 32,719 metres of diamond drilling, at a cost of $7.5 million resulting in the resource announced today. Significantly, the property is not burdened with royalties thus enhancing the economics of mining and processing.

Gold Resource Corporation Appoints Alex Morrison to Board of Directors

Gold Resource Corporation announced that effective March 16, 2016, the Board of Directors increased its size from four members to five and appointed Mr. Alex Morrison to fill the newly created vacancy. Gold Resource Corporation is a gold and silver producer with operations in Oaxaca, Mexico and exploration in Nevada, USA. The Company has returned $108 million to shareholders in monthly dividends since commercial production commenced July 1, 2010, and offers shareholders the option to convert their cash dividends into physical gold and silver and take delivery.

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