Month: April 2018

Golden Minerals Reports Final Drill Results From Santa Maria 2017-2018 Drill Campaign

Golden’s President and Chief Executive Officer, Warren M. Rehn, notes, “The weighted average of silver grades of the intervals reported here is higher than the previously reported silver grade of the mineral resource at Santa Maria. We expect an improvement in the overall mineral resource and of the economics of the project because of this. We will update the resource and the PEA as expeditiously as possible.”

Argonaut Gold Announces First Quarter 2018 Operating and Financial Results

Pete Dougherty, President and CEO stated: “We made significant investments during 2017 and 2018 is about harvesting those investments and adding cash to our balance sheet through strong free cash flow. During the first quarter, we added $7.2 million in net cash to our balance sheet. We expect to continue to generate strong free cash flow, particularly during the second half of 2018, as we see the benefits of the throughput enhancements made at El Castillo and ramping up San Agustin production. Our primary objectives this year are to build cash on the balance sheet, continue to ramp up production, execute on our 65% growth program from 2017 to 2019 and de-risk our development assets. As our first quarter data shows, we are off to a strong start on all fronts.”

Agnico Eagle Announces Election of Directors

Agnico Eagle Mines Limited (NYSE:AEM, TSX:AEM) today announced that, at the annual and special meeting of shareholders held on April 27, 2018, each of the ten nominees listed in the management information circular dated March 12, 2018, were elected as directors of Agnico Eagle.

Discovery Metals Returns an Average of 157 g/t Silver + 11.7% Zinc+Lead in Mantos Across Two Levels at the Historic Zaragosa Mine, Puerto Rico Project

Taj Singh, P.Eng, President & CEO stated, “First assay results from the sampling program at Puerto Rico validate our thesis that there is a significant amount of mineralization remaining in and around the historic underground workings. The results also indicate impressive continuity of the mineralization over the entire area of workings assayed to date. For the next three months our focus will be to continue to systemically map and sample Puerto Rico. We will have a refined geological model for the Project and a substantial number of high-priority drill targets ahead of our anticipated drilling program in Q3. In addition to the exploration program at Puerto Rico, the detailed mapping and sampling programs at the Minerva and Monclova projects are progressing on schedule with first assay results expected shortly.”

Advance Gold Engages Nicosia Capital for Investor Relations

Allan Barry Laboucan, President and CEO of Advance Gold Corp. commented: “With drilling underway at our Tabasquena silver mine, plus the new addition of the Venaditas project, we are coming into a strong period for news flow. I’ve known the founder of Nicosia for many years and he has a great network of contacts in the mining space, and works very hard for his clients. Nicosia will help us build a strong shareholder base moving forward, and the timing is right for our message to get out ta a larger audience.”

Finaliza Seminario de Líderes que Transforman la Minería, en el Clusmin

El Seminario Líderes que Transforman la Minería llegó a su fin con la participación de más de 150 integrantes de empresas mineras y contratistas, y tuvo el objetivo de implementar competencias que permitan incrementar el desarrollo personal y profesional a través de herramientas que generen impactos positivos en el personal de empresas mineras, se informó en un comunicado.

Azure Minerals Ltd. – Quarterly Activities Report for Period Ended 31 March 2018

Azure secured funding of approximately A$8.2 million (before costs) during the quarter, through a placement to institutional and sophisticated investors to enable the Company to continue fast-tracking development studies at its flagship Oposura project and to fund further exploration of the high-grade, near-surface gold and cobalt mineralisation on the Sara Alicia project.

Concluyen Foro Internacional de Seguridad Integral en Minería

Con la participación de 174 representantes de minas, empresas proveedoras y contratistas del sector, concluyeron las actividades del 1er. Foro Internacional de Seguridad Integral en Minería realizado en el marco del Día Mundial de la Seguridad y la Salud en el Trabajo que se conmemora cada 28 de abril.

AHMSA Announces First Quarter 2018 Results

The quarter we just concluded was a very positive one for AHMSA, as it took place in a very favorable environment with the announcement of some very encouraging news for the North American steel industry. The resolution of the U.S. government regarding the application of tariffs on steel and aluminum products (Section 232) coming into the U.S. benefits us, as Mexico was included in the list of countries exempt from this restriction,” Alonso Ancira Elizondo, Executive Chairman of the Board.

Avino Announces Closing of $6 Million Flow-Through Share Offering

Avino Silver & Gold Mines Ltd. (ASM: TSX/NYSE American, GV6: FSE) is pleased to announce that it has closed its previously announced private placement of flow-through common shares. A total of 3,000,000 FT Shares, which included the full exercise of the agent’s option for 500,000 FT Shares, were sold at an offering price of $2.00 per FT Share for gross proceeds to the Company of $6,000,000. The Offering was completed pursuant to an agency agreement dated April 27, 2018 between the Company and Cantor Fitzgerald Canada Corporation. The Company paid a 7.0% commission to CFCC who acted as sole agent on the Offering. All FT Shares are subject to a four month hold period in Canada. The Flow-Through Shares were not and will not be registered under the United States Securities Act of 1933, as amended and may not be offered or sold in the U.S. absent registration or an applicable exemption from registration requirements.

Maverix Metals announces record financial results for 2017

Dan O’Flaherty, President and CEO of Maverix, commented, “We are pleased with the Company’s exceptional first full year of operation. Throughout 2017, we continued to build and strengthen our portfolio by acquiring four paying NSR royalties, which will meaningfully enhance our cash generating platform. Additionally, we expect further growth in attributable gold equivalent ounces and revenues in 2018, as a number of our royalties are on underlying mines that are currently expanding production.”

Argonaut Gold Provides Update for its La Colorada Mine

Argonaut Gold Inc. (TSX: AR) reports that the court has rescheduled the hearing pertaining to Argonaut’s explosive permit at its La Colorada mine to May 16, 2018. After a thorough review of previously blasted ore in the pits, ore stockpiles and the ability to mine certain areas without requiring blasting, the Company estimates it has sufficient ore to continue operations until the end of July at its budgeted crushing throughput level of 12,000 tonnes per day.

Oroco Closes Non-Brokered Private Placement

Oroco Resource Corp. (TSX-V: OCO) is pleased to announce that it has closed the non-brokered private placement financing previously announced by news releases dated April 11, 2018 and April 16, 2018. The Company has raised gross proceeds of $900,000 through the sale of a total of 9,000,000 units at a price of $0.10 per unit. Each unit consists of one common share and one-half of one common share purchase warrant. Each whole share purchase warrant will be exercisable into one additional common share for a period of 18 months from closing at a price of $0.16 per share. The exercise period for the warrants may be accelerated to 30 days if, at any time after the first 4 months of the warrant exercise period, the volume-weighted trading average of the Company’s shares over a period of 20 consecutive trading days exceeds $0.35.

Capstone Mining Annual General Meeting Voting Results

The resolution to set the number of directors at eight was approved by 99.85% of the votes cast for the resolution. Deloitte LLP, Chartered Professional Accountants were reappointed as Capstone’s auditors for the ensuing year by 84.60% of the votes cast.

Increased Recoveries and Concentrate Grades at Oposura

Azure Minerals Limited (ASX: AZS) is pleased to report that further metallurgical testwork continues to make significant improvements on the already positive results from its 100%-owned Oposura zinc-lead-silver project.

SilverCrest Announces C$15 Million Bought Deal Financing

The net proceeds of the Offering will be used for the Company’s continued exploration and drilling programs, to deliver an updated resource estimate and maiden Preliminary Economic Assessment for the Las Chispas Project, and for working capital purposes.

Prospero Provides Overview of Planned Work for 2018

The key objective for Prospero and its strategic partner Fortuna Silver Mines Inc. is to complete first-pass, proof-of-concept drill testing of key projects in the Altiplano belt of northern Mexico. Three projects have been shortlisted: Bermudez, Buenavista and Trias. Bermudez and Buenavista are covered by granted concessions, and Prospero anticipates that the Trias concession should be granted shortly.

Goldcorp Provides First Quarter 2018 Exploration Update

“We are very excited about the 2018 exploration program which got underway during the first quarter. The exploration strategy remains unchanged with a focus on reserve replacement and new target generation,” said Paul Harbidge, Senior Vice-President, Exploration. “Leveraging the success we had in 2017 in advancing new targets such as Amerikona at Coffee, and Silica Cap at Cerro Negro, we have an aggressive program ahead of us this year to advance targets from our core assets through conversion of resources into reserves. I’m very confident in our ability to reach our targeted 20% increase in reserves by 2021.”

Goldcorp Reports First Quarter 2018 Results

“Our operations again delivered on target quarterly results while we continue to execute very well on our robust pipeline of growth projects, which together with excellent exploration results from across our portfolio, continues to enhance confidence in our 20/20/20 plan of growing production and reserves by 20%, and reducing AISC by 20% by 2021,” said David Garofalo, President and Chief Executive Officer of Goldcorp. “The completion of a solid pre-feasibility study at NuevaUnión and the acceleration of study work, exploration and engineering at Century and Norte Abierto underpin our Beyond 20/20 pipeline of potential new long-life, low-cost and large-scale mines.”

Las Minas Tienen Reservas para 20 Años

Las reservas de las minas en Fresnillo permitirán la operación por los próximos 20 años, estimó Octavio Alvídrez Ortega, director general de Fresnillo plc.

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