Bradford Cooke, CEO, commented, Last year, Endeavours silver and gold production were significantly higher than our initial production guidance thanks to the turnaround in precious metal prices which allowed management to revise our production guidance upwards in July. I am pleased to say our operations team responded well and in general met the upward revised production targets in 2016.
Minaurum Gold Inc. is pleased to announce drill results from Guerrero Ventures Inc.’s 41,000 hectare Biricú project in the Guerrero Gold Belt in southern Mexico. Biricú shows typical Guerrero Gold Belt host rocks cut by intrusive rocks identical to those seen in Goldcorp’s neighbouring Los Filos Mine and Torex Gold’s nearby Media Luna deposit. It borders Minaurum’s Vuelcos del Destino project to the east and south.
Gainey Capital Corp. is pleased to announce that the Companys Phase 1 drill program is progressing and has been expanded at the El Colomo Gold-Silver project located in the Sierra Madre Occidental Trend in Western Mexico. The drilling is focused on the La Higuerita mineralized zone and the La Nueva Victoria Mineralized zone which are two of the Companys 21 known mineralized zones within El Colomo.
United States Antimony Corporation reported that it has started production from its own Mexican antimony and gold and silver properties. January production could be approximately 50,000 pounds of antimony, and the production will be ramped up from internally generated cash flow.
Torex Gold Resources Inc. is pleased to announce that 279,937 ounces of gold were poured and 275,613 ounces of gold were sold in 2016, the first year of operations at its El Limon-Guajes Mine located in southwest Mexico.
Silver One Resources Inc. is pleased to announce it has filed two National Instrument 43-101 technical reports on the La Frazada and Peñasco Quemado silver properties in Mexico.
Arian Silver Corporation is pleased to announce high-grade silver results from the recently completed surface sampling and geological mapping of its wholly-owned San Celso project located in central Zacatecas State, Mexico.
Commenting on the appointment, the Companys Non?Executive Chairman, Mr Stephen Copulos, said: We are excited to have Eduardo join the Company as we move to re?establishing expanded production at the Plomosas zinc mine in Mexico. He has considerable experience as a director and senior executive and brings extensive mining and project construction experience as well as an understanding of the Latin American mining culture to the Company.
“Alamos had a breakthrough year in 2016. With a record fourth quarter, we produced 392,000 ounces of gold for the year. We also achieved a significant reduction in our operating costs and capital spending which resulted in strong free cash flow growth from our operations. With stronger production and lower costs expected in 2017, this is a trend we expect to continue,” said John A. McCluskey, President and Chief Executive Officer.
Vangold Resources Ltd. is pleased to announce that it has entered into an asset acquisition agreement made effective December 16, 2016, with Exploraciones Mineras Del Bajio SA de CV to acquire a 100% interest in the El Pinguico property. The Property consists of two mining concessions covering 71 hectares, located approximately 5km southeast of the City of Guanajuato in Guanajuato State, Mexico, and contains the historic El Pinguico-Carmen silver-gold mine. The acquisition is at arm’s length.
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