Month: November 2018

Avino Announces Further Extension of Concentrates Prepayment Agreement with Samsung C&T

“We are very pleased to have worked with Samsung C&T since July, 2015” said David Wolfin, President and CEO. “Extending the original contract shows that the relationship is beneficial to both parties. We are pleased that Samsung C&T, one of the world’s most recognizable companies views Avino as a trusted partner, and we thank them for their ongoing support.”

Santacruz Silver Reports Third Quarter 2018 Financial Results

“During the third quarter we saw the beginning of the turnaround in our mining operations, as our quarter over quarter revenues from mining operations and improved production costs demonstrate.” stated Arturo Préstamo, Chief Executive Officer of Santacruz. “Although the positive changes to our production volumes and operating costs were modest, as a result of our significant mine development this year and continued focus on such at both Veta Grande and Rosario, we firmly believe that we are now positioned to see improved production volumes and increased grade of mineralized material being milled at both projects leading to lower unit costs of production.”

IMPACT Silver Closes First Tranche of Financing

The Company intends to use the proceeds of the Private Placement to explore the Zacualpan land package for additional high potential precious metals as well as gold-copper targets, to improve efficiencies at the Guadalupe production mill, and for general working capital purposes.

Goldcorp Announces First Gold at the Pyrite Leach Project

“PLP was a major investment decision for Goldcorp and one of the first that went through our Goldcorp Investment Framework.” said David Garofalo, President and Chief Executive Officer of Goldcorp. “We are very pleased with the results in completing the project both ahead of budget and schedule. We are already moving forward with a post investment review where we can take our lessons learned to continue to improve our framework and overall capital allocation strategy.”

SSR Mining Announces Investment in Silvercrest Metals Inc.

Paul Benson, President and CEO of SSR Mining said, “SilverCrest’s Las Chispas project is a compelling investment proposition for SSR Mining by providing exposure to an exciting high-grade development project with exploration upside in a favourable mining jurisdiction. We look forward to building a relationship with SilverCrest, who have demonstrated a successful track record of discovering economic deposits that develop into operating mines while establishing strong local support of stakeholders including the government, ejidos and communities.”

SilverCrest Announces C$31 million Strategic Investment by SSR Mining

N. Eric Fier, CPG, P.Eng, and CEO, remarked, “We are pleased to welcome SSR as a new investor in SilverCrest. With this investment, SilverCrest will have more than C$40 million available to explore and advance the Las Chispas project. The investment by SSR is an important endorsement of the Las Chispas project from a mining company that has an established reputation and track record of financial discipline and operating performance which can help to further de-risk and optimize the Las Chispas project. We look forward to having a positive working relationship with SSR as we move Las Chispas forward.”

Harvest Gold Updates the Drilling Program at its High-Grade Silver/Gold Cerro Cascaron Project

Harvest’s Lead Geologist Warren Bates says: “While the delays have been very frustrating, we’d like to thank our JV partner and operator Evrim Resources for their good work on the ground in Mexico to get the drill program back on schedule. Regarding Cascarita, we are encouraged as we are seeing the expected styles of mineralization where we projected them to be in our drill planning. We now look forward to drilling the gold rich San Pedro and Serpiente Dorada targets.”

Candente Gold Announces Signing of Definitive Agreement with Sun River Gold and Tailings Drill Results

Vancouver, British Columbia, November 29th, 2018. Candente Gold Corp. is pleased to announce that the Company has signed the Definitive Agreement with Sun River Gold Corp. which follows the binding Letter of Intent previously entered into on November 9, 2017. SRG has the option to further test and, if proven economic, develop and operate the Company’s tailings project in El Oro Mexico.

Aura Announces Approval of Name Change and Share Consolidation

Aura Silver Resources announces that, at the Special Meeting of shareholders of the Company held on November 15, 2018, Aura’s shareholders approved the previously announced name change and consolidation of the issued and outstanding common shares of the Company on the basis of one post-consolidation common share for every five pre-consolidation common shares. The Company’s new name will be “Aura Resources Inc.”. Significant shareholder support for both the name change and Consolidation was received with approximately 99.4% and 95.5%, respectively, of the shares voted at the Special Meeting in favor of these resolutions.

Endeavour Silver Reports High Grade Silver-Gold Intersections in Multiple Veins from 2018 Drill Program at the Bolanitos Mine, Guanajuato, Mexico

Luis Castro, Vice President, Exploration for Endeavour Silver, commented, “These step-out drill results have outlined several new mineralized areas and provided extensions to known areas, with potential for new resources to extend the mine life at Bolanitos. Specifically, San Miguel is a newly discovered vein to the North East, that is more extensive than previously recognized. Drilling has now wrapped up at Bolanitos for the year and a new resource estimate is expected in January.”

Telson Reaches Agreement with Nyrstar to Amend Loan Agreement

Telson Mining Corporation is pleased to announce that it has reached an agreement to amend the terms of its Loan Agreement dated June 13, 2018 with Nyrstar Canada (Holdings) Ltd. The amended terms of the Loan Agreement will help Telson to better manage its cash flows at Campo Morado in a subdued zinc price environment.

Americas Silver Provides Pershing Gold Transaction and General Corporate Updates

On September 28, 2018, the Company entered into a definitive agreement to complete a business combination with Pershing Gold. The combination will add a shovel-ready, gold-silver development project in Nevada that adds significant precious metal growth to the Company’s production profile. Once completed, Relief Canyon is expected to produce 75,000 to 90,000 ounces of gold annually at low cash costs over an initial seven-year life and generate annual post-tax cash flow from $25 to $30 million. This transformative combination is expected to increase the Company’s precious metal production by over 5 times with precious metals representing greater than 60% of silver equivalent production.

Minaurum Samples 102 g/t Gold and 4.6% Copper at Newly Discovered Alessandra Vein

Minaurum Gold, Inc., is pleased to announce the first high grade gold discovery at the Alamos silver project in Mexico. The newly discovered Alessandra vein zone lies in the eastern part of the project, approximately 1 km southeast of the Ana zone. Alessandra measures more than 4 metres wide in surface exposures, and can be traced for 1.1 km, with a topographic linear suggesting it extends at least another 1 km to the south-west.

Asiste a sesión del Clusmin el próximo subsecretario de Minería del Gobierno Federal

El Clúster Minero de Zacatecas (Clusmin) recibió en sus instalaciones -durante la sesión extraordinaria del mes de noviembre-, al próximo subsecretario de Minería de la Secretaría de Economía del Gobierno Federal, Luis Francisco Quiroga y a la senadora presidenta de la Comisión de Minería, Geovanna Bañuelos de la Torre, se informó en un comunicado.

IMPACT Silver Announces Third Quarter 2018 Financial and Production Results

Fred Davidson, President & CEO of IMPACT stated, “Over the last two quarters we encountered the perfect storm of lower silver prices, lower grades at our mill, and fluctuating currencies (Mexican Peso & USD). To address this headwind of lower revenue and rising costs, the team has initiated a program designed to ultimately raise mining grades and reduce overall costs. Going forward, the Company will focus on ore grade selection including access to higher zinc zones even at the expense of tonnage milled if required. Work continues on the exploitation of the new San Ramon Deeps 2 zone just south of our current active mining areas, and on development of the Lipton vein at the Guadalupe Mine.”

Drilling continues at Mexus Gold US’s Santa Elena mine

Mexus Gold US announced that drilling continues at its Santa Elena mine project with no delays and is now on the 7th hole. Five holes were drilled along the Julio Vein-Shear zone for a strike distance of 250 meters with 35 to 40 meter spacing. The purpose is to test the continuity at 25 to 30 meter depths of both the quartz vein and the shear zone that are in the main prospect area. Drill holes proved the continuity at depth of the main quartz vein varying in width from 0.75 m up to 2.0 meters at 25 to 35 meters deep with a dip angle of 45 degrees to the East.

Mining Sector in Mexico Next Target of ‘AMLO Effect,’ Shares Plunge

Now, the same party, which, together with its allies, holds majorities in both houses of Congress, has set its sights on the activities of the mining industry. On Tuesday Senator Angelica Garcia presented a bill that would make significant changes to Mexico’s mining laws, including a proposal that would allow the country’s Energy Secretary to declare certain parts of the country off-limits for mining companies due to their negative social or environmental impact.

Cambios a Ley Minera que MORENA propone, elevarían carga regulatoria: Moody’s

La aprobación del proyecto de ley que propone cambios a la Ley Minera de México, destinados a abordar el impacto social de la industria, aumentaría la carga regulatoria sobre las compañías de dicho sector en la República Mexicana, incluido el requisito de realizar consultas con las comunidades, antes de obtener nuevas concesiones mineras.

Valoro Resources Inc. Mails Information Circular for Special Meeting To Be Held on December 19, 2018 Regarding Merger With Defiance Silver Corp.

ValOro Resources Inc. is pleased to announce that Madam Justice Matthews of the BC Supreme Court issued an order today authorizing ValOro to call a special general meeting of its shareholders to consider and, if appropriate, approve by a special resolution the friendly merger of ValOro and Defiance Silver Corp. Due to unexpected delays in printing and mailing of the proxy materials, the meeting will be held on Wednesday, December 19, 2018.

Mexican Gold Corp. Provides Update on Financing

MEXICAN GOLD CORP. is pleased to report that it has received a positive response to the previously announced financing which proposed a non-brokered private placement of units at $0.20 per Unit for gross proceeds of up to $3,000,000. The net proceeds from the Private Placement will be used to continue exploration on the Company’s Las Minas project located in the State of Veracruz, Mexico (up to approximately $1,100,000), property payments (US$866,666 plus Value Added Tax in Mexico), and general working capital purposes (up to approximately $600,000).

Avino Announces Management Changes

Avino Silver & Gold Mines Ltd. today announced that Malcolm Davidson, Chief Financial Officer, will depart the Company immediately.

Tamino Minerals, Inc. Announces Fake News Update

Tamino Minerals, Inc. Mr. Pedro Villagran-Garcia, President & CEO, is pleased to announce an update regarding the recent string of fake press releases. On November 6th, 2018 two news articles were released via Business Wire (a Berkshire Hathaway Company) unbeknownst to Tamino Minerals, Inc. These press releases were utterly misleading and were released under false pretenses by unknown sources. We have reported these instances to the proper authorities and Business Wire. Almost all publications of these press releases have been deleted, as we continue to receive messages of all the places where such bogus releases were posted. An ongoing investigation is occurring to determine the culprits and bring them to justice. Tamino Minerals, Inc. does not condone this stock manipulation and wants investors to be aware that we have done everything in our power to make this right.

Minera Alamos Receives Positive Notice Regarding Permit Applications for La Fortuna Gold Project in Durango, Mexico

“The receipt of this notification represents a major milestone for the Company. Despite some procedural changes in the MIA/ETJ application process that caused early delays, the notice was received a little over a year following the completion of our strategic partnership with Osisko Gold Royalties and starts the transformation of the Company from a junior explorer to a growing gold producer,” stated Darren Koningen, CEO of Minera Alamos.

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