Year: 2017

Timmins Gold to Change Name to Alio Gold

Chief Executive Officer, Greg McCunn, said, “The word Alio in Latin means ‘to go in a different direction’ and is reflective of the important operational and management changes that have been made in 2017. The portfolio of assets we have will form the platform for the growth of Alio Gold into a mid-tier gold producer over the next several years. In the near-term, there are a number of exciting catalysts for Alio Gold including a Prefeasibility Study for our high-grade, high-margin Ana Paula Project and the plan for revitalizing our San Francisco Mine.”

Fortuna reports production of 2.0 million ounces of silver and 13,200 ounces of gold for first quarter 2017

Jorge A. Ganoza, President and CEO, commented: “I am pleased to report a solid start of the year in line with guidance for production and cost figures. 2017 is our first full year at the new expanded rates of production at both our mines, which shows favorably when comparing quarter over quarter. ” Mr. Ganoza continued, “With respect to our Lindero gold project in Argentina, basic engineering reviews and optimization work continue advancing as planned with the aim of supporting a construction decision in the third quarter of this year.”

Riverside Resources And Centerra Gold Report Additional Trench Results And Commence Drilling At The Glor Gold Project

Riverside’s President and CEO, John-Mark Staude, stated: “We provided guidance that drilling was anticipated at Glor in our 2017 Corporate Outlook at the beginning of the year, and are pleased to now have drilling commence ahead of schedule. Riverside continues to be active in Sonora with exploration work expected to start at the Company’s Cecilia Project and partner-funded Clemente Project in the near-future. We continue to deliver as promised and look forward to drill results from Glor.”

Mexus producing gold at its Santa Elena mine

Mexus Gold US confirmed that it is producing gold at its Santa Elena mine. The first part of the mining plan is now complete with Pad #1 actively leaching gold, new mineralized material being place on pad #2, and the Merrill Crowe gold recovery plant now operational. We will be smelting and selling dore in the near future and will release results when prudent. The plan going forward will be to increase production to 10,000 tons per day and build out the mine infrastructure as necessary with increased revenue funding each stage. Mexus’ goal is to reach maximum output by December 2017.

Prospero Secures C$1.5-Million Strategic Investment From Fortuna Silver Mines

Tawn Albinson, the President of Prospero commented: “I’m delighted to welcome Fortuna as our strategic partner in Mexico and we look forward to working with their exploration team in the next 18 months. Fortuna’s team are experienced mine builders who have placed 2 mines into production; Caylloma in Peru and San Jose in Mexico. They are currently working on their third development project in Argentina. Their investment gives Prospero the additional funding we need to begin drill testing our portfolio of epithermal precious metals targets and to expand our generative efforts in Mexico. We intend to begin drill testing at our Petate, Matorral and Pachuca SE projects as rapidly as possible.”

Primero to Resume Operations at San Dimas

Primero Mining Corp. announced today that it has successfully resolved the work stoppage of unionized employees that began on February 15, 2017. Operations are expected to resume at Primero’s San Dimas mine in Mexico on Tuesday, April 18, 2017.

Siguen las protestas de mineros

Integrantes del Sindicato Nacional Minero Metalúrgico (SNMM), de las secciones 62 y 72, se manifestaron y exigieron la renuncia del gobernador del estado, Alejandro Tello Cristerna, pues aseguraron que no ha cumplido con los compromisos que hizo con ellos y con Fresnillo durante su campaña.

GoGold Reports Record Quarterly Production

“The improvements made at Parral in late 2016 have now taken effect and we expect to see continued increases in production in the near future” said Brad Langille, CEO.

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