Month: August 2017

Westminster Welcomes Jason Cubitt to its Board of Directors

Westminster Resources Ltd. is pleased to announce the appointment of Jason Cubitt as director. Mr. Cubitt has 25 years of experience working with resource companies in various capacities as founder, finance agent and institutional investor, including director of investments for Vertus Investment Advisory and Ascenta Asset Management, offshore investment advisory firms for which he was responsible for precious metals and special situations mining and energy funds.

Colibri Resource Corporation Announces $1,200,000 Private Placement

Colibri Resource Corporation announces a non-brokered private placement, pursuant to which the Company intends to raise gross proceeds of up to $1,200,000 through the issuance of up to 8,000,000 Units at a price of $0.15 per Unit. Each unit consists of one common share and one warrant. Each warrant entitles the holder to acquire one additional common share of the Company at a price of $0.25 per share for a period of 24 months following closing. Closing may take place in two or more tranches.

Monarca Minerals Announces Management Restructuring

Monarca Minerals Inc. is pleased to report that it has appointed Carlos Espinosa as President and Michael Smith as Executive Vice President, Exploration of the Company. Allan Folk remains as Interim Chief Executive Officer.

Grupo México participa con 76.6% de la producción de cobre de México

En 2016, a nivel nacional México produjo 766 mil toneladas de cobre contra las 594 mil toneladas producidas en 2015; un incremento de 28.9%. Este importante incremento se debió a la consolidación de las operaciones de la Planta Concentradora II y la Planta ESDE III de Buenavista del Cobre, pertenecientes a Grupo México. Sumando la obtención de concentrados y cátodos de cobre, Buenavista produjo 447,418 toneladas, 57.2% más que en 2015, mientras que la Mina Caridad produjo 133,256 toneladas, 1.7% más que en 2015.

Sierra Metals Reports Positive Results From an Expanded Drilling Program at the Santa Rosa de Lima Zone, at it´s Cusi Silver Mine I

Igor Gonzales, President and CEO of Sierra Metals commented: “The discovery and exploration of the Santa Rosa de Lima zone is an important advance in uncovering Cusi’s silver asset value. It confirms the existence of a high-grade silver deposit that will contribute to the growth of the Cusi Mine and to higher silver revenues for Sierra Metals.” He continued, “The Santa Rosa de Lima zone has the potential to transform the current operations at the Cusi Mine and offers even greater potential going forward, as the positive exploration results in our step out drilling campaign have demonstrated. Currently, we have ramped down to the zone and are now planning and developing for the inclusion of this ore in the mine plan at Cusi.”

Telson Resources Inc. Commences Underground Mining at Campo Morado to stockpile mill throughput in advance of anticipated mill start

“Telson’s management team is very happy with the rapid progress we have made at Campo Morado since acquiring the project just over two months ago which has allowed us to work continually towards last week’s restart of underground mining operations.” States Antonio Berlanga, Telson’s CEO, “With the full support of local communities, municipal and state authorities, newly formed mining union, and our mine site personnel, we are well ahead of our originally planned schedule and hope to have a large stockpile of mill throughput available to start continuous milling and the mining operations in the near future.”

Maverix Metals Announces Increased Revenue and Operating Cash Flow for the Second Quarter 2017

Maverix’s President & CEO, Mr. Dan O’Flaherty commented, “The second quarter of 2017 saw many of the assets on which we own royalties achieve record quarterly production. We expect continued revenue and cash flow growth from our portfolio in the second half of the year as multiple assets ramp up to full production capacity and the Moose River Consolidated project in Nova Scotia begins commissioning.” Mr. O’Flaherty continued, “With the loan facility and equity financings now completed, we have significant capital capacity to fund additional accretive acquisitions that will build the per share value of the Company.”

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