Day: May 10, 2018

Pan American Silver announces results of Annual General and Special Shareholders Meeting

Pan American Silver Corp. (NASDAQ: PAAS; TSX: PAAS) reported the voting results from its annual general and special meeting of shareholders held May 9, 2018 in Vancouver, British Columbia. Each of the matters voted upon at the Meeting is described in detail in the Company’s Management Information Circular dated April 4, 2018, which is available on the Company’s website at www.panamericansilver.com.

First Majestic Announces New Stream Agreement at San Dimas Mine and New Credit Facility

First Majestic Silver Corp. (NYSE:AG) (TSX:FR) (Frankfurt:FMV) is pleased to announce that it has terminated the pre-existing silver purchase agreement with Wheaton Precious Metals Corp. and its subsidiary, Wheaton Precious Metals International Ltd., relating to the newly acquired San Dimas Mine and entered into a new precious metal purchase agreement with WPMI and FM Metal Trading (Barbados) Inc., a wholly-owned subsidiary of First Majestic.

SSR Mining Reports First Quarter 2018 Results

Paul Benson, President and CEO said, “We produced over 78,000 gold equivalent ounces with all three operations performing well during the quarter. Seabee had a standout quarter, with the lowest cash costs since we acquired the operation in 2016 and record mill throughput of more than 1,030 tonnes per day. With development at Chinchillas remaining on track for delivery in the second half of the year, and production at Seabee and Marigold ramping up through the year, our operating and financial performance positions us well for growth in 2018 and 2019.”

Excellon Reports First Quarter 2018 Financial Results

“We realized strong improvements in our cost profile during the first quarter, with an AISC of $11.76 excluding non-cash items,” stated Brendan Cahill, President and CEO. “More importantly, during March we realized an AISC of $7, or negative $0.90 excluding non-cash items. We expect costs to continue to improve now that we have transitioned to a more productive cut-and-fill mining method. Additionally, with key ramps now accelerated well below production levels, we have a growing dry mineral inventory of over 50,000 tonnes available to continue increasing production in Q2 and Q3.”

Megastar to Acquire 100% of Rama de Oro Epithermal Au-Ag Project in Oaxaca, Mexico

“We are very excited to have concluded on this agreement,” said Dusan Berka, CEO of Megastar Development. “The project has been on our radar for some time and brings with it two important ingredients for early stage exploration; location and expertise. On location, the property sits on the trend between two producing mines; the Switchback mine owned by Gold Resource Corp. to the north and the San Jose mine owned by Fortuna Silver Mines to the south. From a technical perspective, the property is being vended in by David Jones, a geologist with extensive experience and success in Mexico having been part of the finds of several, now-producing mines. David will also be an instrumental part of the exploration team, allowing us to benefit from his historical understanding of the property and its surrounding geology.”

First Majestic Completes Acquisition of Primero

Keith Neumeyer, President and CEO of First Majestic said, “With this closing, First Majestic is integrating a large, world-class, silver and gold mine into its portfolio of operating mines. The San Dimas mine, becoming our seventh mine in Mexico, will result in a transformational leap forward in our production profile with an estimated doubling of profitable ounces produced.”

Gainey Capital Completes Upgrades at Huajicori Mill

Gainey Capital Corp. (TSXV: GNC) (OTC: GNYPF) is pleased to announce that it has completed upgrades to its Huajicori mill and anticipates processing the mineralized bulk sample material during the coming weeks.

Prize Mining Samples 2.73% Copper Over 6 Meters at the Manto Negro Oxide Copper Project

“Our sampling continues to demonstrate consistent and strong copper grades and widths in the main showing areas,” stated Michael McPhie, President and CEO of Prize Mining. “We are gaining a better understanding of the mineralization and using that information to define drill targets. Furthermore, reconnaissance sampling on five other prospects spread over a 2.4km by 1.2km area underscores the widespread and locally high-grade nature of the copper-silver mineralization. With almost 18,000 hectares of prospective ground and more than 35 known showings, we are confirming the district-scale potential of the Manto Negro Project.”

GoGold Reports Results for Quarter ending March 31, 2018

GoGold Resources Inc. (TSX: GGD) reports record production of 417,191 silver equivalent ounces in the quarter and generated revenue of $5.4 million on the sale of 337,821 silver equivalent ounces at an average realized price of $15.99 in the quarter ending March 31, 2018.

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.

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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.