Day: May 15, 2018

“We continued to deliver steady financial and operating results for the first quarter of 2018, and while our silver and copper production was slightly lower, gold production and silver equivalent production increased by 12% and 9% respectively. We are very close to the completion of Mill Circuit 4, which is a significant investment in Avino’s growth, and we look forward to the increase in our production profile” said David Wolfin, President and CEO. “We are also focused on completing the paste backfill engineering and looking towards construction of the paste backfill plant”.

Americas Silver Corporation (TSX: USA) (NYSE American: USAS) is pleased to report that shareholders voted in favour of all items of business including the election of each of the nominees listed in its management information circular dated April 5, 2018 at its annual meeting of shareholders held on May 15, 2018.

George Paspalas, President and CEO, commented, “The Juanicipio Project progresses well, with development rates increasing significantly last year and continuing into 2018. With the advanced draft joint venture feasibility study in hand, we look forward to its finalization and formal project approval. On the exploration front, the use of directional drilling is proving to be very beneficial with target accuracy improving at depth as we infill and expand the Deep Zone, while other ‘greenfield’ exploration targets have been identified, together with Fresnillo, on the Joint Venture Property.”

“This transaction will be beneficial for existing Golden Reign shareholders and stakeholders. The combined entity creates a focussed precious metals exploration and development company with an unencumbered high margin asset in Nicaragua, immediate production and cash flow from La Trinidad, cash flow growth, no debt, geographic diversification and significant exploration potential”, stated Kevin Bullock, Golden Reign’s Chief Executive Officer and director. “We are excited to shortly be able to begin construction of a 500tpd mine at San Albino and grow production and cash flow to fund exploration of the highly prospective 138km2 high-grade gold camp in Nicaragua.”