Month: September 2017

Goldgroup Provides a Legal Update

Goldgroup Mining Inc. would like to provide a legal update in regards to DynaResource, Inc.’s award in excess of USD$48 million in damages against the Company. On August 24, 2017, a Federal Amparo judge in the state of Veracruz, Mexico, dismissed Goldgroup Resources Inc.’s Amparo challenge. Goldgroup’s position in response to the USD$48 million claim remains the same with its previous press release (see Goldgroup’s August 31, 2016 and October 14, 2015 press releases). Goldgroup was never notified of the purported court case, and does not recognize any of the claims mentioned therein and is of the belief that such claims are entirely without merit. More importantly, the Company expects the claim to be voided at the Mexican Supreme Court level due to the unambiguous arbitration result in favor of Goldgroup in August, 2016.

Minera Santa Rita, Subsidiaria de Alamos Gold Alcanza Record de 1,000 Días Sin Accidentes Incapacitantes

El 20 de Septiembre del presente año, Mina El Chanate, de la empresa Minera Santa Rita, filial del corporativo Alamos Gold, Inc., ubicada en el municipio Altar, Sonora, logró el record de 1,000 días sin accidentes incapacitantes. Esta meta se ha cumplido gracias al compromiso de Minera Santa Rita y de sus contratistas Sinergia Obras Civiles y CAT Núñez quienes mantienen el valor principal de la empresa que es “Llegar a casa seguro todos los días”.

McEwen Mining Announces Closing of US$46.6 Million Bought Deal Offering

The proceeds of the Offering will be used to purchase the Black Fox Complex and for general corporate purposes. Black Fox is a producing underground gold mine located in the world-famous mining region of Timmins, Canada. Production in 2018 is expected to be 50,000 gold ounces, increasing the company-wide gold equivalent production by 16% from approximately 157,000 ounces in 2017 to 182,000 ounces in 2018.

Fresnillo plc – Statement re: Mexico Earthquake

Fresnillo plc is deeply saddened by the terrible earthquake that struck Mexico on 19th September 2017. The Company’s thoughts and sympathies are with all of those affected by this tragedy.

Soleil Capital Corp. Announces Qualifying Transaction

Soleil Capital Corp., a capital pool company, is pleased to announce it has entered into a letter of intent dated September 21, 2017 to enter into an arm’s length business combination transaction with Goldplay Exploration Ltd. Goldplay is a private mineral exploration company incorporated under the laws of British Columbia and active in gold exploration in the Rosario Gold District, Sinaloa, Mexico.

San Marco Expands the Footprint of the Newly Discovered Chunibas Porphyry-Related Breccia Gold System and Outlines Exploration Plans

San Marco Resources Inc. announces the results and recommendations of the recent Chunibas Project exploration program. As noted in the Company’s news release dated August 9th, 2017 regarding the Chunibas property, the discovery of breccias in the recent core drilling program has lead to the re-mapping of surface outcrops property wide, re-logging of the core, and generation of a revised exploration program based on the new, larger porphyry-related breccia gold model/target. As a result of this recent geological work, drilling is recommended, following a few additional surface exploration activities outlined below.

Argonaut Gold Expands Mineral Resources at its Operating Mines

Pete Dougherty, President and CEO stated: “We had a successful year of resource drilling which will extend the mine lives at both El Castillo and La Colorada. At El Castillo, the additional ounces were made accessible with the acquisition of the San Juan mineral concession. At La Colorada, the resource increase came through an aggressive program of in-fill and step-out drilling adjacent to the El Creston pit. We are now preparing to publish updated life-of-mine plans at both El Castillo and La Colorada during the first quarter of 2018.”

Alio Gold Receives Change Of Land Use Approval And Provides Ana Paula Project Update

“Obtaining approval for our Change of Land Use application is the second major milestone in the permitting of Ana Paula after approval of our Environmental Impact Assessment back in April,” said Greg McCunn, Chief Executive Officer. “As we launch an exciting exploration initiative to enhance the already robust economics of Ana Paula, we are also continuing to move the Project forward towards an investment decision in the second quarter of 2018. Now that major permitting milestones are behind us, our focus is on completing the definitive feasibility study and arranging project financing. In addition, we are enhancing community and social efforts to ensure we continue to maintain respectful and mutually beneficial relationships with the surrounding communities.”

Alamos Gold Announces Increase in Credit Facility to US $400 Million

“The amended facility adds significant liquidity on very attractive terms. Combined with existing cash and expected cash from the recently announced acquisition of Richmont Mines, Alamos will be debt free with more than US$600 million of available liquidity. This greatly improves our financial flexibility as we fund development of our portfolio of growth projects,” said John A. McCluskey, President and Chief Executive Officer.

Our expertise in mining places us at the forefront of the industry. We are readily available with an international service.

All News

Our expertise in mining places us at the forefront of the industry. We are readily available with an international service.