Randy Reifel, President, commented, “We are pleased to option La Cecilia to Riverside as part of a district consolidation. The transaction is consistent with our corporate strategy to monetize non-core properties with equity leverage.”
Riverside Resources Inc. is pleased to announce that the Company has signed agreements with Gunpoint Exploration Ltd. and Millrock Resources Inc. to consolidate the former company’s three La Cecilia Margarita concessions with the Violeta concession into a unified Cecilia Gold Project. The Cecilia Project, located in northeastern Sonora, Mexico, is targeting epithermal gold-silver mineralization in a rhyolite dome setting with potential for open-pit mining.
Pan American Silver Corp. today announced that, effective the start of trading on Wednesday, February 1, 2017, Pan American’s stock ticker symbol on the Toronto Stock Exchange will change from its original three-letter symbol, “PAA” to “PAAS”.
El gobernador Alejandro Tello Cristerna calificó al impuesto de responsabilidad ecológica como una acción de justicia social, durante la presentación del Plan Estatal de Desarrollo (PED).
The Companys optimization program at Platosa is progressing well, with submersible pumps coming online by year-end 2016 and initial pumping results far exceeding our expectations, stated Brendan Cahill, President and Chief Executive Officer. With the first two submersibles started, we achieved over one metre of drawdown in the first week of operation, far beyond forecast and yet further proof of the projects efficacy. Well drilling continues on schedule, with nine of fourteen wells now complete and ready for pump installation. We are currently calibrating the well set-up for installed submersibles to ensure sustained pumping operations going forward and remain on track to complete the implementation by the end of Q1 and attain dry mining conditions during Q2.
Goldgroup Mining Inc. announces David Laurence Ingram, a member of its Board of Directors, passed away at the age of 76.
Gold Resource Corporation is saddened to report that an employee was fatally injured at its Arista Mine in Oaxaca, Mexico on January 29, 2017. The accident involved the operation of heavy equipment inside the mine.
We are very excited for our investors as the San Rafael Project is developed and transitions into production this year. The transition will prove to be a significant catalyst for our share price as it will drive our consolidated costs lower to silver?industry, first quartile, cash costs and all?in sustaining costs, and create considerable free cash flow. This is an accomplishment which neither of the predecessor companies ever envisioned, said Darren Blasutti, President and CEO of Americas Silver Corporation. Though 2016 silver and silver equivalent production was slightly below guidance, the Company was able to maintain its pattern of cost control and benefitted from higher by?product metal prices.
McEwen has said that Don McEwen, his father, was his inspiration in life.
Warren Rehn, President and Chief Executive Officer of Golden Minerals, commented, The mill grade resource of about 50,000 gold equivalent ounces has the potential to provide us with more than two years of feed for our Velardeña oxide plant. This could be an important replacement to the Companys current cash flow from the mill starting in 2019 after the Hecla lease expires, assuming positive economic results from our ongoing studies of the Rodeo deposit.
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