Month: July 2017

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.”

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.

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