Day: November 22, 2017

Primero Extends Revolving Credit Facility to Facilitate Negotiations

Primero Mining Corp. today announced that the Company has agreed in principle with its lenders to an extension of its revolving credit facility and guarantee provided by Wheaton Precious Metals Corp., previously maturing on November 23, 2017. The maturity of the RCF will be extended to December 1, 2017, providing the Company with the ability to continue negotiations surrounding its previously announced strategic review process and the possible divestiture of its San Dimas mine in Mexico. There can be no certainty that these discussions will result in a resolution acceptable to all stakeholders.

Golden Goliath – Latest Payment Received for Optioned Properties

The Company is pleased to announce that it has now received the latest option payment from Desarrollos Mineros El Aguila, S.A. de C.V., a wholly owned subsidiary of Fresnillo plc for the properties optioned to them by the Company in the Uruachic Mining District in the State of Chihuahua, Mexico.

Almaden Confirms New Zone of High-Grade Mineralisation Within PFS Pit Hits 1.00m of 237.00 g/t Gold Plus 232.0 g/t Silver Within 38.60m of 7.92 g/t Gold and 14.9 g/t Silver (Uncut)

J.D. Poliquin, chairman of Almaden stated, “These results again show the potential of the Ixtaca gold silver deposit to grow. As I have stated before, while Ixtaca is a prominent new discovery of gold and silver reserves, we are clearly only at the beginning of the discovery cycle at this project. We have a two-pronged approach. On the one hand we are focussed on developing the Ixtaca deposit into a significant precious metals producer in Mexico, and engineering work and studies on a Feasibility Study are progressing well. At the same time we have in front of us the opportunity for additional discovery and resource growth. We are at the top of a fully preserved epithermal system and over the next several months exploration drilling will also test for additional vein zones beneath alteration elsewhere on the project.”

Santacruz Resumes Operations at Veta Grande Mill

Santacruz Silver Mining Ltd. reports that the Company has recommenced operations at its Veta Grande mill located in Veta Grande, Zacatecas Mexico following authorization from PROFEPA and SEMARNAT (Mexico’s environmental regulatory authorities) to do so.

Mammoth Resources Announces Mobilization of Diamond Drill Equipment to Tenoriba Gold-Silver Project, Chihuahua, Mexico in Preparation for Drilling

Thomas Atkins, President and CEO of Mammoth commented on the imminent commencement of drilling, stating: “We should begin our first drill hole shortly and although I doubt we’ll finish the entire program before year end, whatever portion continues into the new year there should be a steady supply of drill results flowing beginning in January and continuing for a number of weeks into 2018.”

Nuestras responsabilidad con los clientes es ofrecer productos de calidad y una atención personalizada para las necesidades de cada uno de ellos. Así mismo, nuestro compromiso con la sociedad en México es cumplir con las medidas de seguridad recomendadas por la Secretaría de la Defensa para el manejo de materiales peligrosos.

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.