Day: September 11, 2017

Fresnillo PLC exige transparencia del Fondo Minero

“Tenemos conocimiento que para este año serán 14 millones del Fondo Minero que se aplicarán en comunidades cercanas a las operaciones mineras, esta cantidad es solamente para Fresnillo, otra para la capital zacatecana y otra más para la Federación; es una cantidad importante de recursos que aporta Minera Saucito y Minera Fresnillo para este fondo”, aseguro Jerónimo Medina.

Aztec Minerals Appoints Neil MacRae as Vice President, Investor Relations

Aztec Minerals Corp. announces the appointment of Neil MacRae as its new Vice President of Investor Relations. Mr. MacRae will be responsible for overseeing all aspects of Aztec’s shareholder and investor relations programs including the development and implementation of Aztec’s strategic marketing and financial goals and plans to create exceptional shareholder value.

Candelaria Announces Annual General and Special Meeting Voting Results and Provides a Corporate Update

Curtis Turner, CEO of Candelaria, stated: “We would like to thank Sokhie for his contributions to the Company and wish him the best in his future endeavours. The Company is pleased to have Mark Backens join us as Chairman of the Board and Wayne Hubert added to the board. Both Mark and Wayne have vast experience in the industry and in creating value. We look forward to working with them to continue to strengthen the Company. This latest corporate update demonstrates our commitment to the future of the Company and we look forward to further updates from our on-going drilling and permitting activities at Caballo Blanco later this year. ”

U.S. Antimony Reports Production of Antimony Tri-sulfide

United States Antimony Corporation reported the successful production of antimony tri-sulfide per military MIL-A-159D specification. The product is used in all center-fire cartridges for military and commercial production. Initial production was on a small scale, but additional equipment is being installed to enter the market. The product contains 70.5% antimony. At a Rotterdam price for metal at $3.833 per pound, the antimony in the tri-sulfide would be worth approximately $10.75 per pound. Additional markets include the friction brake industry.

Magellan Gold Corp. – Definitive Agreement Signed for Acquisition of SDA Mill, Mexico

Magellan Gold Corporation is pleased to announce that Magellan and Rose Petroleum plc have signed a definitive and binding stock purchase agreement in respect of Magellan’s acquisiiton of Rose’s mineral processing mill operation in San Dieguito de Arriba, Nayarit State, Mexico and its associated assets, licenses and agreements. The purchase of the mill is expected to close in October 2017.

Silver One Announces Private Placement Financing

Silver One Resources Inc. is pleased to announce that it will conduct a non-brokered private placement of up 10,000,000 units at a price of $0.40 per Unit for gross proceeds of up to $4,000,000.

Endeavour Silver and Capstone Mining Exchange Mineral Rights on Adjacent Properties in Zacatecas, Mexico

Endeavour Silver Corp. announces it has acquired the right to explore and mine for precious metals above the elevation of 2,000 metres above sea level on the 181-hectare Toro del Cobre concessions owned by Capstone Mining. Capstone’s concessions are adjacent to the 75-hectare Calicanto concessions held by Endeavour in Zacatecas, Mexico. In return, Endeavour has granted Capstone the right to explore and mine for base metals below the elevation of 2,000 masl on the Endeavour’s Calicanto concessions.

Americas Silver Corporation Provides an Update on the San Rafael Project

“I am very pleased that we have dealt with the challenges of delivering a new mine on schedule and on budget,” said Darren Blasutti, President & CEO. “San Rafael material will be processed at our newly modified mill before the end of the third quarter with commercial production expected to be achieved before year end.”

Mexus and JV partner MarMar confirm production at Santa Elena mine

Mexus Gold US along with its joint venture partner, MarMar Holdings, today announced that they have produced gold in dore form as a result of its ongoing operation at the Santa Elena mine. Mexus CEO Paul Thompson added, “This is a monumental step for Mexus and MarMar as we have met our initial goal which was to get the Santa Elena mine into production. The finances of gold sales will be released in our quarterly reports but we will keep our investors informed as key financial goals are met. The ore we are currently placing on the heap leach pad is averaging 2 grams per ton with an expected recovery rate of 76%. We know now that the high grade near surface material we are mining will result in a lower overall cost of production.”

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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.