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.

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Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.