Month: October 2018

Great Panther Silver Reports Third Quarter 2018 Financial Results

“Our revenues for the third quarter of 2018 were down compared to the same quarter last year due primarily to lower metal prices, lower production levels, and a large shipment of concentrate which could not be shipped until just after the end of quarter cut-off”, stated Jim Bannantine, President and CEO. “These factors combined with higher cash costs at our Guanajuato Mine Complex in Mexico, higher corporate development costs, and the ramp up of Coricancha project costs, which we are expensing as opposed to capitalizing, accounted for a loss per share of $0.02 in the third quarter. Despite the current metal price environment, we are using our strong balance sheet to set a foundation for growth in 2019 by advancing our Coricancha project and advancing the close of the recently announced friendly acquisition of Beadell Resources Limited. These strategic initiatives represent transformational changes which will see Great Panther evolve into a leading emerging intermediate and growth-oriented Latin American focused precious metals producer.”

Marlin Gold Shareholders Approve Plan of Arrangement with Golden Reign Resources Ltd.

Marlin Gold Mining Ltd. is pleased to announce that at the special meeting of shareholders of the Company held on October 30, 2018, shareholders of Marlin voted in favour of a special resolution to approve the plan of arrangement and certain connected transactions, pursuant to which Golden Reign Resources Ltd. will acquire all of the issued and outstanding shares of Marlin in exchange for 0.5138 of a Golden Reign common share for each Marlin Share by way of a court-approved plan of arrangement .

Sailfish Royalty Shareholders Approve Stream Restructuring

Sailfish Royalty Corp. is pleased to announce that, at the annual and special meeting of shareholders of the Company held on October 30, 2018, shareholders of Sailfish voted in favor of the restructuring of the Company’s gold stream on the San Albino gold project. Shareholders also approved all of the other matters brought before the Meeting.

Endeavour Silver Reports Third Quarter, 2018 Financial Results; Conference Call at 10 am PT (1 pm ET) Today

Bradford Cooke, Endeavour CEO, commented, “Our financial performance in Q3, 2018 was impacted by lower metal prices and higher depreciation and depletion charges, primarily at Guanacevi where production lagged behind plan. However, El Cubo production continued its strong performance during the quarter and Bolanitos gold grades are now improving after a slight drop in Q3, 2018.

Golden Minerals Identifies High-Grade Gold and Silver Veins at Yoquivo

“Our progress to date in defining high-grade veins outcropping at surface at Yoquivo is excellent. We expect to continue with the surface work in preparation for identifying the best drill targets, which we plan to test in a drill program in 2019. The discovery of additional untested veins on the property is promising. We believe the Yoquivo district is emerging as a very interesting exploration play in this well-mineralized portion of the Sierra Madre,” states Warren Rehn, President and Chief Executive Officer of Golden Minerals.

Centerra Gold Records Third Quarter 2018 Net Earnings of $6 million; Increases 2018 Gold Production Guidance Range to 665,000 to 705,000 ounces and Lowers Cost Guidance Range to $782 to $829 per ounce sold

Centerra Gold Inc. today reported net earnings of $6 million or $0.02 per common share on revenues of $259.1 million in the third quarter of 2018. The third quarter 2018 results include an impairment charge of $8.5 million to write-down the net assets of the Company’s Mongolian business unit to their sale value which closed on October 11, 2018. Excluding this item, adjusted earnings in the third quarter of 2018 were $14.5 million or $0.05 per common share.

Silver Bull Resources Announces 5.35 Billion Pounds Zinc, 87.4 Million Ounces Silver In Updated Sierra Mojada Measured And Indicated Resource:

“This resource update models the mineralization defined at Sierra Mojada to zinc and silver prices realistic of the current market conditions”, stated Tim Barry, President, CEO and director of Silver Bull. “Sierra Mojada is one of only a handful of projects with any appreciable zinc resources and is one of the largest undeveloped silver-zinc projects in Mexico. It has excellent infrastructure; it is located 3 hours from an international airport with a paved road right to site; it has a functioning railway right to site; runs on grid power; and it has a skilled mining work force to draw upon in the immediate local area. This resource provides excellent leverage to both zinc and silver prices and has the potential to be scaled in size depending on metal prices.”

Evrim signs three-year exploration alliance in the western United States

Evrim Resources Corp. is pleased to announce it has signed a three-year exploration alliance agreement with Meridian Gold Co., a wholly-owned subsidiary of Yamana Gold Inc. The Alliance allows Evrim royalty free access to Yamana’s dataset in the western United States for gold and base metal project generation.

Telson Signs a Renewable Power Purchase Agreement

“The renewable power purchase agreement with Energia Solar provides Telson with a steady supply of renewable source generated power at an inflation-indexed fixed price that will significantly reduce environmental footprint and reduce operating costs and future profitability. Additionally, this agreement satisfies local regulations that require Campo Morado mine to use a minimum of 25% green generated energy.” states Antonio Berlanga, CEO. “It is also a significant step forward for Telson to do its part in the world-wide battle against global warming”

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.

• Fast. PhotoSat solutions are ideal for large, inaccessible, or remote sites. With no permits needed, we can efficiently produce engineering-grade surveys and alteration mineral maps over hundreds or even thousands of square kilometers. No site access is required, and all data processing is completed without involvement from ground crews.
• Global. Satellites are not restricted by borders, permits, or ground logistics. We have completed more than 1,300 projects in over 75 countries, with exacting standards of accuracy and consistency.
• Reliable. Each PhotoSat project is produced from satellite photos, with each photo covering hundreds of square kilometers. As a result, our data sets are consistent, time-stamped and robust, with high data point density.
• Innovative. PhotoSat is a leader in satellite-based surveying technology and alteration mineral mapping. We use proprietary deep learning algorithms in our data processing. Our unique technology produces outstanding results that are trusted by mining companies and engineering consultants around the world.