Month: July 2017

Starcore Reports Year End 2017 Results

“The mine has returned to normal tonnage and metal production under interim COO Ralf Kleine. Our very strong cash position and balance sheet coupled with the ramping up of our Altiplano processing facility will open us to opportunities to potentially increase production.” reported Robert Eadie, President of the Company.

NSX Silver Announces Proposed Acquisition, Change of Business and Name Change

Completion of the Transaction as contemplated would constitute a change of business in accordance with TSX Venture Exchange Policy 5.2., Changes of Business and Reverse Take-overs, as the Company’s current business is exploration for minerals. The proposed Transaction would see the Company engage in the ownership and management of multi-unit residential real estate. As a result, the Transaction is subject to Exchange acceptance and will also require the approval of the shareholders of NSX Silver.

Leagold Receives Permit for Ramp for Bermejal Underground

Neil Woodyer, CEO stated “Development of the exploration ramp is an important step in advancing Bermejal Underground towards production. The ramp will provide access to the eastern and central portions of the deposit. The mineralization is similar to the Los Filos Underground deposits where we are currently mining, and this development provides an opportunity to carry out additional exploration from underground as well as demonstrate the minability of Bermejal Underground. Access to the ore body will also provide a larger sample for confirmatory metallurgical testwork for heap leaching. These steps will advance the deposit towards declaration of reserves and incorporation into the mine plan.”

Excellon Reports Second Quarter 2017 Financial Results

“During the second quarter, we realized on our plan to resume high-grade and cash flowing production from Platosa,” stated Brendan Cahill, President and Chief Executive Officer. “We certainly faced challenges over the first half of 2017, with access to ore limited by water inflows, but our team executed and, by the end of the second quarter, we had achieved dry mining conditions and were mining fresh, high-grade manto mineralization. Looking forward, our goal is to steadily increase production over the remainder of 2017 to 300 tpd by year-end. We have also began driving further reductions in key cost centres, most importantly electricity usage, where incremental savings can result in material additional cash flow. We remain focused on our target of doubling production and halving costs at Platosa over the coming quarters and we are already pleased with the improvements in cash flow we see at 200+ tpd.”

Capstone Mining Second Quarter 2017 Financial Results

“Operational performance in the second quarter was on plan, with costs trending down from the first quarter,” said Darren Pylot, President and CEO of Capstone. “Most importantly, Pinto Valley returned to full production, setting quarterly and monthly throughput records.”

“For the second half of the year, approximately half of our production is unhedged and completely unhedged in 2018 and beyond,” continued Mr. Pylot.

Mexus releases information on current gold produced and the purchase of water rights

“I want our shareholders to understand that production and sale of gold is imminent. We have faced and overcome the initial hurdles and are nearing the time when production will begin full time for years to come. Both MarMar and Mexus agreed that we would hold off running our gold through the Merrill Crowe system until assured that the recoveries were acceptable. Patience in this area is prudent as we don’t want to risk the loss of any gold. I want to reiterate that production will be constant once all of the minor tweaks are made and we move to full time production,” added CEO Paul Thompson.

Candelaria Mining Provides Caballo Blanco Project Update

Closed C$9.7 million strategic financing with Agnico Eagle
Environmental Application redrafted and submitted to SERMARNAT
Drill mobilized for 2,000 meter infill drill program at La Paila zone
7,500 meter phase 1 drill program of several high priority targets identified outside of La Paila resource area to commence 4Q17

Teck Reports Unaudited Second Quarter Results For 2017

“I’m pleased with our results,” said Don Lindsay, President and CEO. “We generated adjusted EBITDA of $1.3 billion in the second quarter and $5.4 billion over the last twelve months. After a challenging first quarter we set second quarter steelmaking coal sales and production records of 6.9 and 6.8 million tonnes, respectively, and we reduced our outstanding notes to US$4.8 billion, achieving our target of less than US$5 billion.”

Goldcorp reporta utilidades mayores a las esperadas en 2T17

La cuarta productora de oro más grande del mundo registró ganancias netas por 135 millones de dólares en comparación con la pérdida que obtuvo de 78 millones en el mismo periodo del año anterior, ocasionado por el cierre temporal de su mina en México.

New Gold Announces Management Appointments and Addition of New Director

New Gold Inc. today announces new appointments to its senior management team as the company looks forward to the Rainy River project’s scheduled transition from construction into operation beginning in September. New Gold is also pleased to announce the addition of a new director to its Board.

Coeur Reports Second Quarter 2017 Results

“We accomplished or advanced several strategic priorities during the quarter that are critical to achieving our full-year and longer-term objectives,” said Mitchell J. Krebs, Coeur’s President and Chief Executive Officer. “Our stepped-up exploration programs targeting higher-grade mineralization at Palmarejo and Kensington are yielding positive results, we significantly strengthened our balance sheet, the development of Jualin remains on-track to commence production later in the year, and we have now begun to stack ore on the new Stage IV leach pad at Rochester.

Goldcorp Provides Second Quarter 2017 Exploration Update

“With the disposal of non-core assets and the acquisition of the Maricunga district joint venture with Barrick during the first half of 2017, the Company has seen a net increase in its gold reserves from 42 million to 50 million ounces,” said Paul Harbidge, Senior Vice President, Exploration. “With an enviable portfolio of brownfield exploration opportunities within our key mining districts and good progress on our exploration programs, we are maintaining our five year 20% gold reserve growth target, which would now see gold reserves increase to 60 million ounces by 2021, up from the previous target of 50 million ounces.”

Defiance Appoints New President & CEO

Defiance Silver Corp. is pleased to announce the appointment of Mr. Roy Bonnell to the position of President and CEO. Mr. Bonnell has over 20 years of experience in venture capital investment, finance and mergers & acquisitions. Mr. Bonnell provides Defiance with the financing and management abilities necessary to rapidly advance and grow the San Acacio Silver deposit in Mexico.

Colibri Resource Corp. Announces Appointment of Ed Stringer as President and CEO

Colibri Resource Corporation announces that Mr. Ed Stringer has resigned as President and CEO of the Company effective immediately and the Board of Directors has appointed current director, Mr. Ron Goguen Sr., as President and Chief Executive Officer. Mr. Stringer is resigning due to health reasons and the Board of Directors wishes Mr. Stringer well and a speedy recovery. Mr. Stringer will remain a Director of Colibri.

Canasil Proposes Spin-out Transaction for Transfer of B.C. Properties to Canmine Minerals Inc.

Bahman Yamini, President and CEO of Canasil, commented: “The spin-out of the British Columbia properties to create a new publicly listed Company is intended to be beneficial for our shareholders by recognizing unrealized value in our BC projects. We believe there is significant potential value in the Company’s large BC land holdings which are located in strategic locations with excellent access and infrastructure. Two of the projects are close to past producing mines and major deposits, and exploration work to date indicates they are particularly prospective for hosting Copper-Gold porphyry mineralization with multiple targets. We anticipate that this transaction will also allow greater access to funding for more active exploration to advance these projects without diluting the Company’s interests in its Mexican project portfolio.

Excellon Drills 2,318 G/T Silver Equivalent Over 6.76 Metres At Platosa

“Today’s results confirm the potential to add significant high-grade mineralization to the 623 Manto and demonstrate continuity between the 623 and Guadalupe South mantos,” stated Ben Pullinger, Vice-President, Geology. “This mineralization is near mine workings and therefore has the potential to increase near term high-grade production. Our drilling program continues to successfully demonstrate the ability to expand Platosa’s mineralized footprint around existing resources. Dry conditions are also providing easier and more efficient access to strategic areas for underground drilling around the Platosa mantos.”

Torex Successfully Completes US$400 Million Facility To Refinance Project Debt

Fred Stanford, President and CEO of Torex said: “This Loan Facility is the result of the very productive relationship that has been established over the years with the Banks. The advantages of this Loan Facility include access to resources for the development of our Media Luna Project, a reduction in debt costs, and a reduction in the management time required to manage the Loan Facility, thereby freeing up management time for optimization of our current operations and to focus on development of growth projects. We look forward to advancing the growth opportunities that are made possible by this Loan Facility.”

En Caballo Blanco, sólo exploración minera, afirma la Semarnat

Precisó que los trabajos de exploración se encuentran amparados en la Norma Oficial 120, que permite hacer cierto número de exploraciones con tubos de hasta 300 metros de profundidad para sacar muestras y descartar la posibilidad de existencia de minerales.

Southern Silver Hits High-Grade Extension at Cerro Las Minitas Returning 12.5m (est. TT) Grading 154g/t Ag, 2.0g/t Au, 3.2% Pb, and 3.9% Zn (558g/t AgEq; 15.7% ZnEq) in Recent Drilling

Southern Silver Exploration Corp. reported today that it continues to identify high-grade mineralization from the current core drilling program on the Cerro Las Minitas project, Durango State, Mexico. Recent drilling has identified two thick intervals of mineralization in hole 17CLM-101 opening up the potential for significant extensions to the Blind Zone and Skarn Front deposits to the southeast of their currently drill extents.

MX Gold Corp. Corporate Update on Magistral from CEO

Mr. Dan Omeniuk, Chairman and CEO of MX Gold stated, “The turn-key build out of the plant includes increasing throughput capacity to 1,000 tonnes per day. The build out is on track to be completed, with the plant operational, by this November.”

Layne, A Granite Company, provides sustainable solutions for water resources and mineral exploration. Originally established in 1882, Layne offers a rich history of delivering safe, professional, and reliable water and minerals solutions throughout North and South America. Granite acquired Layne and its subsidiaries in the fall of 2018, to further Granite’s strategy to grow through acquisition and diverse end market expansion.
Major Drilling Group International Inc. is one of the world’s largest drilling services companies primarily serving the mining industry. Established in 1980, Major Drilling has over 1,000 years of combined experience and expertise within its management team alone.

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