Month: December 2018

Coeur Provides 2018 Exploration Update

“As a result of our ongoing commitment to high-return, near-mine exploration, and despite a persistently lower metal price environment, we have continued to deliver year-over-year growth in our reserve base since 2014,” said Mitchell J. Krebs, Coeur’s President and Chief Executive Officer.

Sierra Metals Announces Initiation of Normal Course Issuer Bid with 1.5 Million Share Target

Igor Gonzales commented “Sierra Metals is adopting the NCIB because it believes that its Common Shares have been trading in a price range which does not adequately reflect the underlying value of such Common Shares in relation to the Company’s business and future prospects. Accordingly, the reduction of its share capital that may result from the cancellation of any Common Shares acquired pursuant to the NCIB will increase the proportionate interest of all remaining shareholders of the Company.”

Azure Minerals Ltd. – Drilling Continues to Return High Grades at Oposura

Commenting on the continued success of the ongoing drill program at Oposura, Azure’s Managing Director, Mr Tony Rovira said: “Oposura continues to deliver with exceptional drilling results. The continued success of the resource infill drilling program confirms our strong confidence in the width, grade and internal continuity of the East Zone mineralisation. This drilling will enable the Company to upgrade most of the East Zone Mineral Resource to Indicated status and, thereby, further de-risk the proposed Oposura mining operations.”

SSR Mining Announces Closing of Investment in SilverCrest Metals Inc.

SSR Mining Inc. announces today that it has completed the transaction with SilverCrest Metals Inc. to purchase, by way of private placement, 8,220,645 common shares of SilverCrest at a price of C$3.73 per common share for total consideration of C$30,663,006. This transaction was previously announced in SSR Mining’s news release dated November 29, 2018.

Capstone Mining Significantly Increases Reserves by 89% and Planned Production by 30% at Cozamin

“The Cozamin mine continues to be a valuable asset for Capstone and formed the foundation upon which we built our company,” said Darren Pylot, President and CEO of Capstone. “Since commencing production at 1,000 tpd in 2006, Cozamin has demonstrated a remarkable ability to continue to discover and define new reserves. Today, more than 12 years and approximately 12 million milled tonnes later, we announce the next step in Cozamin’s evolution. The combination of the new Reserves as well as the significantly increased Inferred Resources give us the confidence to make additional investment to increase Cozamin’s production profile. We look forward to continued exploration success and the further delineation of reserves at Cozamin as the mine continues to operate well into the future.”

Fortuna Silver Mines Exercises Its Right to Enter into an Option Agreement on the Pachuca Southeast project, Hidalgo, Mexico

Tawn Albinson, the President of Prospero said: “We’re happy that Fortuna has exercised its right to be granted an interest in Pachuca SE. The Prospero team is excited to be returning for a second round of drilling on the project. We hope to recommence work in January 2019, subject to completion of a definitive option and joint venture agreement with Fortuna. There are several distinct targets that we hope to test and planning will begin shortly with Fortuna’s technical team.”

Evrim announces initial drilling results at Cuale Gold Project in Mexico

Evrim Resources Corp announces initial drill results from the Cuale high sulphidation epithermal gold project in Jalisco, Mexico. The Company has received assay results from four of the first five drill holes targeting the La Gloria prospect. A total of 1,167 metres has been completed of a planned 3,000 metre program.

Radius Gold to issue shares for Amalia Project option payment

Radius Gold Inc. announces that in accordance with the terms of its option to acquire a 100% interest in the Amalia Gold-Silver Project located in Chihuahua, Mexico, the Company intends, subject to stock exchange approval, to issue 74,183 common shares in its capital stock to the Project owners. The shares will be issued at a deemed price of $0.09 per share.

Teck Announces New Vice President Appointments

Teck Resources Limited today announced the appointment of Greg Brouwer to Vice President, Technology and Innovation; Amparo Cornejo to Vice President, Chile Sustainability and Corporate Affairs; Chris Dechert to Vice President, South America; Sepanta Dorri to Vice President, Corporate Development; Karla Mills to Vice President, Project Development; Crystal Prystai to Vice President and Corporate Controller; and Keith Stein to Vice President, Major Projects.

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