Month: October 2017

Grupo Méxco – RESULTADOS Tercer Trimestre de 2017

Las ventas consolidadas durante el 3T17 fueron US$2,535 millones, 21% mayores al 3T16. En la División Minera, el precio del cobre aumentó +34%, zinc +32% y molibdeno +17% por lo que las ventas aumentaron 18%. En la División Transporte el volumen aumentó 17% comparado al 3T16 debido a la adquisición de Florida East Coast Railway y mayores volúmenes en las operaciones en México. En Infraestructura las ventas disminuyeron 5% a US$136 millones por suspensiones temporales de ciertos contratos de nuestras plataformas y reducción de tarifas por Pemex.

Great Panther Silver Reports Third Quarter 2017 Financial Results

“The third quarter was a very successful and eventful quarter for Great Panther. Our Mexican operations delivered production in support of our guidance for the year and continued to advance the permitting of the new tailings facility at Topia,” stated Jim Bannantine, President & CEO. “After closing the acquisition of Coricancha just before the start of the third quarter, we quickly turned our attention to advancing a resource update and on engineering and environmental studies, and other evaluations in support of a decision to restart mine development. I am pleased that we continue to maintain a strong balance sheet with $55 million of cash and deposits, no debt and strong liquidity of our shares. These factors along with a solid management team put us in a good position to pursue acquisitions.”

Telson Signs Term Sheet for Loan Facility and Offtake Agreement with Trafigura for up to US$15 Million To Finalize Mine Construction at Tahuehueto.

Telson Resources Inc. is very pleased to announce it has signed a term sheet of a Loan Facility and Offtake Agreement with Trafigura Mexico S.A. de C.V., a market leader in the global commodities industry, to sell 100% of the lead and zinc concentrate produced at the Tahuehueto Mine from January 1st 2018 to December 31st 2022. Trafigura will provide Telson with a credit facility of US$15 million upon signing formal agreements, thereby securing the bulk of the capital requirements to construct and operate an ongoing 1,000 tonne per day mining operation at Tahuehueto.

Starcore Announces Management Changes at the Altiplano Processing Plant

Starcore International Mines Ltd. reports changes to its senior management at the Altiplano gold and silver processing plant in Matehuala, Mexico. The action to remove and replace senior management and sales personnel from the Altiplano operations was precipitated by a prolonged period of poor performance at the Plant. “The action taken was necessary to stem the flow of negative results at a facility that has every reason to be successful,” said Robert Eadie, Starcore’s President & CEO.

SilverCrest Announces High Metallurgical Test Recoveries For Las Chispas

N. Eric Fier, CPG, P.Eng, President and CEO, remarked, “Another milestone has been completed for the Las Chispas Property which continues to show increasing significance as an emerging high-grade silver-gold district. Historically, there were five mills in the district before 1930, four cyanidation and one flotation, which gave us a good indication that the metallurgy would be amenable to standard processing methods. This indication has now been confirmed with testwork showing excellent metal recoveries. The Las Chispas mineralization is similar to that of the nearby producing Santa Elena Mine (constructed by SilverCrest Mines Inc., the predecessor of SilverCrest Metals), which has current metal recoveries of 90% or greater for both silver and gold. With this metallurgical milestone now behind us, we can more confidentially plan for our Las Chispas maiden resource in Q1 2018.”

Baja en México 9.2% producción de plata durante 2016

En México la producción minera de plata durante 2016 fue de 173.9 millones de onzas, volumen 9.2% inferior al reportado en 2015, reveló la Cámara Minera de México (Camimex) aclarando que “Fresnillo plc es el principal productor nacional, le siguen Goldcorp e Industrias Peñoles”.

Plomosas Scoping Study Completed with Positive Results

“Our goals over the last 10 months have been to complete a resource upgrade and deliver a positive Scoping Study and I’m delighted that we have been able to achieve these objectives. We are confident that our strong technical understanding of the project given our access to the ore, existing plant and previous successful concentrate production will enable us to secure the funding necessary to advance the project.”

Capstone Mining Third Quarter 2017 Financial Results

“In the third quarter of 2017 we generated $41 million of operating cash flow,” said Darren Pylot, President and CEO of Capstone. “Subsequent to quarter end, we continued our debt reduction program and repaid $14 million, bringing our total debt reduction for the year to over $40 million.”

Impulsa Mina Peñasquito ganancias de Goldcorp

La minera de oro canadiense Goldcorp Inc reportó ayer miércoles que sus ganancias se dispararon un 88 por ciento en el tercer trimestre, ayudadas por devoluciones del impuesto a la renta y un aumento de las utilidades de su mina Peñasquito en México.

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