Month: November 2018

Americas Silver Corporation Reports Third Quarter 2018 Financial Results

“Despite the operational and weather-related challenges, and the low metal prices experienced in the third quarter, the Company continued to increase mill throughput at San Rafael through the quarter,” said Darren Blasutti, President & CEO of Americas Silver. “As a result, the San Rafael mill is now consistently achieving over 1,700 tonnes per day. With capital development to reach the Main Zone nearing completion at San Rafael and Galena running smoothly since mid-July, we expect the fourth quarter to achieve the highest silver and silver equivalent production quarter of 2018.”

Foro: Los Retos de la Minería Mexicana

El 31 de octubre de octubre del 2018 en el Hotel Camino Real de la Ciudad de México se realizó el Foro “Los Retos de la Minería Mexicana”, evento organizado por la Asociación de Ingenieros de Minas, Metalurgistas y Geólogos de México (AIMMGM). Ante una audiencia integrada por representantes de los sectores público y privado de la industria minera mexicana se hizo una exposición amplia y detallada del estado que guarda el sector. Como invitado especial al Foro acudió el M.C. Francisco Quiroga, próximo Subsecretario de Minería, nombrado por el Presidente Electo de México, Lic. Andrés Manuel López Obrador.

Oroco Closes Non-Brokered Private Placement

Oroco Resource Corp. is pleased to announce that it has closed the non-brokered private placement financing previously announced by news releases dated October 9, 2018 and October 25, 2018. The Company has raised gross proceeds of $750,000 through the sale of a total of 3,750,000 units at a price of $0.20 per unit.

Marlin Gold Obtains Final Order for Arrangement with Golden Reign

Golden Reign Resources Ltd. and Marlin Gold Mining Ltd. are pleased to announced that Marlin has been granted the final court order from the Supreme Court of British Columbia approving the plan of arrangement under the Business Corporations Act (British Columbia), pursuant to which and subject to the terms of the Arrangement Agreement date August 3, 2018, between Golden Reign and Marlin, Golden Reign will acquire all of the issued and outstanding common shares of Marlin on the basis set forth in the Arrangement Agreement which is available under each company’s SEDAR profile at www.sedar.com.

Alamos Gold Anuncia la Conclusión del Proceso de Extracción de Mineral en su Mina El Chanate, Ubicada en Altar, Sonora

Alamos Gold, Inc. informa que debido al abatimiento de las reservas minerales en su unidad minera “El Chanate”, a partir del mes de noviembre se da por concluida la extracción de mineral, continuando en el mediano plazo con la producción de oro únicamente mediante el proceso de lixiviación en patios. En sus 12 años de operación, la mina El Chanate extrajo una cantidad importante de toneladas, alcanzando a esta fecha 690,000 onzas de oro y más de un millón de onzas de plata producidas.

Alamos Reports Third Quarter 2018 Results

“We made excellent progress in the third quarter towards both our near and long-term objectives. We met our quarterly production guidance and remain well positioned to achieve full year guidance. We completed the Phase I expansion at Island Gold on schedule and are having ongoing success on the exploration front which has translated into significant Mineral Reserve and Resource growth in the year since we acquired the mine. We’re also advancing on the lower mine expansion at Young-Davidson which will unlock the full potential of the mine and drive significant free cash flow growth,” said John A. McCluskey, President and Chief Executive Officer.

Odyssey Marine Exploration Announces Above Market $5.0 Million Registered Direct Offering of Common Stock and Warrants

“This funding, when combined with the expected future revenue from contracted projects and profit participation from the current recovery project under contract, is expected to fund Odyssey into 2020, based on our current budgets,” stated Mark Gordon, President and CEO of Odyssey Marine Exploration. “The proceeds from this offering also give us flexibility to take advantage of new strategic opportunities that have the potential to deliver significant value in the near future and allow us to accelerate early stage production development or other expenses for our Mexican phosphate project.”

Excellon Reports Third Quarter 2018 Financial Results

“It was a tough quarter that is not representative of the many operational improvements made at Platosa in recent quarters,” stated Brendan Cahill, President and CEO. “In addition to lower production, financial results were impacted by lower by-product prices and associated provisional price adjustments, which have affected the whole market.”

SilverCrest Reports Best Drill Hole Intercept to Date, More High-Grades at Las Chispas;

N. Eric Fier, CPG, P.Eng, and CEO, remarked, “We continue to de-risk Las Chispas with the startup of closely-spaced in-fill drilling for the Babicanora Vein, including the high-grade Area 51 zone. By announcing our best drill hole intercept to date suggests that significant additional potential could be discovered at Las Chispas. Furthermore, we are intercepting high-grade vein mineralization within 5 to 10 metres of our projected target, which helps to increase our confidence in vein location and continuity. “

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