Month: July 2018

Capstone Mining Second Quarter 2018 Financial Results

“We generated $28.8 million of cash flow from operating activities in the second quarter, net income from continuing operations of $8.2 million and operational performance ended the second quarter within our guided range,” said Darren Pylot, President and CEO of Capstone. “Moving forward, we expect that various optimization activities underway at Pinto Valley will result in increased productivity and lower costs,” continued Mr. Pylot. “At Cozamin, we are very optimistic that the updated Mineral Resource estimate that we released in the second quarter will pave the way for an extension of operations and creates the potential for a mine expansion.”

VVC Exploration – New Private Placement Financings – Correction

VVC Exploration Corporation (TSX-V:VVC) announces a new CA$1.5 million non-brokered equity private placement financing. This placement is for units of the Company at a price of $0.05 per Unit, whereby each Unit consists of one common share and one-half of one common share purchase warrant of the Company. Each full Warrant entitles the holder to purchase one additional common share of the Company for a period of three years, at an exercise price of CA$0.06 per share. The Company has raised to-date about CA$1,150,000 and expects to complete the remaining 350,000 in August.

Golden Reign And Marlin Gold Provide Update Regarding Proposed Business Combination

The parties have been diligently working towards settling all structuring and definitive documentation, including a revised stream arrangement to be entered on closing having the equivalent effect of a net smelter royalty on the area of interest and surrounding areas, in connection with completing the proposed business combination. As previously announced, the proposed business combination will be completed by way of a plan of arrangement under which Golden Reign will acquire all of the issued and outstanding shares of Marlin following completion of a corporate reorganization being undertaken by Marlin. Upon completion of the proposed transactions, it is expected that the current shareholders and option holders of Marlin will own in aggregate approximately 45% of the shares of Golden Reign (after the distribution of the Golden Reign shares already owned by Marlin to certain of its shareholders) and current non-Marlin Golden Reign shareholders will own approximately 55% of the shares.

McEwen Mining Reports Q2 2018 Results

McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) today reported second quarter results for the period ended June 30, 2018. During Q2, gold equivalent ounces produced increased by 45% and all-in sustaining costs per ounce decreased by 2% compared to Q2 2017. Net cash flow from the business excluding project development costs was $6.3 million or $0.02 per share. A total investment of $26.3 million was made to further our long-term production growth plans at the Gold Bar, Black Fox, El Gallo Fenix and Los Azules projects. As a result, our consolidated net loss for Q2 was $5.4 million, or $0.02 per share.

Equinox Gold Announces Final Court Approval of the Arrangement for the Solaris Copper Spinout

Equinox Gold Corp. is pleased to announce that it has obtained a final order from the Supreme Court of British Columbia dated July 30, 2018 to implement the Company’s previously announced plan of arrangement to reorganize its business, including the spin-off of its wholly-owned subsidiary, Solaris Copper Inc. Substantially all of the terms and conditions of the Transaction have been met, including shareholder approval of the Transaction on July 26, 2018.

Starcore Reports Year End 2018 Results

“The recent release of our 43-101 updating resources to over 267,306 AuEq ounces and 3.1 million tonnes of ore coupled with the improved production in recent months from both the mine and Altiplano represent a turning point for the Company” reported Robert Eadie, President of the company. “We have a renewed optimism and look forward to advancing our operating results.”

Goldplay announces DTC eligibility

Goldplay Exploration Ltd. is pleased to announce that the Company has secured eligibility by The Depository Trust Company for its shares on the OTCQB. DTC is a subsidiary of the Depository Trust & Clearing Corp. that manages the electronic clearing and settlement of publicly traded companies in the United States. DTC eligibility will simplify the process of trading and is expected to enhance liquidity of the Company’s common shares on the OTC marketplace where Goldplay Exploration Ltd. now trades under the symbol “GLYXF”.

Excellon Reports Second Quarter 2018 Financial Results

“We saw strong improvements in all areas of operational and financial performance during the second quarter,” stated Brendan Cahill, President and CEO. “Most importantly, we realized AISC per silver ounce payable of less than $10, greatly improved cash flow and added cash to our balance sheet while internally funding exploration programs on both of our projects. During the second half of the year, we’re looking forward to increasing exploration, increasing cash flow through our milling arrangement with Hecla and continuing to implement operational improvements at Platosa.”

Radius Gold and Pan American Silver to explore Amalia Project, Mexico

Radius has granted to Pan American the option to earn up to an initial 65% interest in the Amalia Project by making cash payments to Radius totaling US$1.5 million (of which US$100,000 has been received) and expending US$2 million on exploration over four years. Pan American may earn an additional 10% by advancing the property to preliminary feasibility. Initially Radius will be the project operator.

Equinox Gold Announces Results from Annual and Special Meeting, Including Shareholder Approval of the Solaris Copper Spinout

Equinox Gold will continue to focus on advancing the Aurizona Gold Mine and Castle Mountain Gold Mine to production while Solaris Copper explores and develops the copper projects to unlock the value of the copper portfolio. Solaris Copper will hold a 100% interest in the resource-bearing Warintza copper-molybdenum project in Ecuador, a 60% interest in the La Verde preliminary economic assessment stage copper-silver-gold project in Mexico, a 100% interest in the Ricardo early-stage copper property in Chile, and is continuing to evaluate additional properties that fit the portfolio.

Minera Alamos Expands Santana Gold Project Permits to Accommodate Commercial Scale Operations

“Since the closing of the transaction between Minera Alamos and Corex Gold in April the Company has aggressively advanced the Santana project’s engineering work culminating in our recent submission for these permits. We have received extremely positive community support for our plans and based on currently available information we anticipate the receipt of final approvals later this year.” stated Darren Koningen, CEO. “Construction could begin in Q1 2019 with Santana the first of three planned operations in our development pipeline.”

New Sable Discovery at Margarita Intersecting 462g/t AgEq over 4.25m including 1,092.2g/t AgEq over 1.5m

“We are excited by the grades and widths returned by the first two holes ever drilled in the Margarita Vein”, stated Ruben Padilla, VP Exploration of Sable Resources. “These results clearly demonstrate that we are at the right erosional level with good preservation of the best part of the veins starting right at surface and still open at depth. We will continue the systematic drill test along the 1.6 km of known extension of the Margarita vein and along the other three veins identified within the property limits.”

Excellon Updates Platosa Mineral Resource Estimate

“We have increased tonnage at Platosa despite mining approximately 170,000 tonnes since the last resource estimate as at December 31, 2014,” stated Brendan Cahill, President and CEO. “This new resource estimate is the product of a more conservative and geologically accurate methodology than previously employed at Platosa. We see upside potential on grade and tonnage as we continue to define new mineralization with our underground drilling program.”

New Gold Announces 2018 Second Quarter Results and Updates 2018 Outlook

As our Rainy River Mine is well into its start-up year, New Gold today provides an updated 2018 production and cost outlook. Gold production at New Afton, the Company’s largest cash flow contributor, Mesquite and Cerro San Pedro remain in line with New Gold’s original guidance. However, largely due to the variability in the process facility’s start-up performance and lower gold grade and recoveries, the Company is lowering its 2018 annual production guidance for Rainy River from earlier estimates.

Agnico Eagle Reports Second Quarter 2018 Results; Production Guidance Increased for 2018; Amaruq Project Receives Permit Approval; Meliadine Project Progressing on Budget and on Schedule; Drilling Continues to Extend Mineralization at Multiple Mine Sites

“Our mines continued to deliver strong operational performance during the quarter, which has allowed us to increase 2018 production guidance to 1.58 million ounces of gold from 1.53 million ounces. Cash costs remained at the mid-point of our guidance, but we expect these costs to trend lower in the second half of the year”, said Sean Boyd , Agnico Eagle’s Chief Executive Officer. “In the second quarter, we continued to make good progress on our development projects in Nunavut . We recently received the Type A water licence for the Whale Tail pit at Amaruq, which allowed us to begin construction in late July, and the shipping season is now underway at Meliadine, which should facilitate timely completion of the project allowing for the expected start of production in the second quarter of 2019” added Mr. Boyd .

Goldcorp Provides Second Quarter 2018 Exploration Update

Goldcorp made significant progress in the second quarter on its brownfields exploration work, where strong results, in particular at Musselwhite and Cerro Negro, continued to highlight the potential to add to our mineral reserve base in order to achieve our goal for mineral reserve growth included in our 20/20/20 plan. An aggressive field program is under way across all our Canadian sites to work up early stage targets for potential drill campaigns during the winter season. In LATAM, the focus is on new discoveries at Cerro Negro and data collation and interpretation at the Norte Abierto joint venture.

Goldcorp Reports Second Quarter 2018 Results

“With the ongoing successful ramp up of the Éléonore and Cerro Negro mines, on plan gold production across the portfolio and our pipeline of growth projects being advanced on budget and on schedule, we continue to execute on the delivery of our 20/20/20 plan of growing production and reducing AISC by 20% by 2021,” said David Garofalo, President and Chief Executive Officer of Goldcorp. “In addition, the strong exploration results achieved during the quarter, highlighted by the results at Musselwhite and Cerro Negro, demonstrate our exploration team’s ability to find new discoveries within Goldcorp’s highly prospective and underexplored land packages in order to achieve 20% reserve growth by 2021.”

Harvest Gold Resumes Trading

Harvest Gold Corporation (TSX.V: HVG) announces that the trading in the Company’s shares was halted pending a determination by the TSX Venture Exchange as to how the sale of the Company’s Suriname assets (as detailed in a news release dated July 23, 2018) (the “Sale”) would be treated under Exchange policies. Following communications with the Company, the Exchange determined that the Sale qualifies as an “exempt transaction” under Exchange Policy 5.9.

Coeur Reports Second Quarter 2018 Results

“Led by our Palmarejo operation, we delivered strong financial and operating performance in the second quarter, which has resulted in an increase to our companywide full-year production guidance ranges and a reduction to our companywide full-year cost guidance ranges,” said Mitchell J. Krebs, Coeur’s President and Chief Executive Officer.

Endeavour Silver Drilling Intersects 269 gpt Silver and 5.5 gpt Gold over 1.1 Metres (19.9 opt AgEq over 3.6 Ft) at Calicanto Property, Zacatecas, Mexico and Provides Development Update for the El Compas Mine

Endeavour Silver Corp. (NYSE:EXK) (TSX:EDR) announces that near mine exploration drilling along the Calicanto, Santa Fe and Misie-Karla vein systems on the Calicanto property in Zacatecas State, Mexico continues to intersect high grade silver-gold mineralization along strike and down dip of positive drill results reported last year. The Calicanto property is located within close proximity to the El Compas Mine, and has the potential to provide further growth opportunities for the new mine.

Fresnillo plc – Production Report for the three months ended 30 June 2018

Octavio Alvídrez, Chief Executive Officer, said: “I am pleased to report a robust production performance in the first half. In line with our strategy, we continue to actively manage and strengthen our asset portfolio. In particular during the period we have successfully ramped up our new San Julián JM mine to full capacity which has made a significant contribution to overall production. We have also made good progress with our development pipeline, with our two main projects now complete. The Pyrites Plant has been commissioned and final testing at the Second Dynamic Leaching Plant is on track. Both projects will make a meaningful contribution to overall 2018 production.”

All News

This new application brings the paper map online.

Up to date information of:

  • Resources.
  • Production.
  • Endowment.
  • Technical Reports.
  • Geology.
  • And More…

Check the Mining State Panoramas

The promotion and dissemination as essential elements to understand and disseminate our Mineral resources, that is why today it is pleased to make the document “Mining Panorama” available to society, by state.

Get to know GeoInfoMex in 3D

GeoInfoMex, is the consultation system of the Mexican Geological Service that allows users to know geoscientific information and make decisions with savings in time and resources, helping to promote mining activity.


México Minero is a non-governmental organization that promotes sustainable mining.

The DOF is the organ of the Constitutional Government of the United Mexican States, which has the function of publishing in the national territory, to so that they are properly observed and applied in their respective areas of competence.

Learn about the current situation of the mining industry as well as the activities carried out by Camimex.

Mexico Mining Center © 2019 / All Rights Reserved