Month: January 2019

“We have taken the step of realigning our Mexican operations to reduce unit costs and maximize mine operating cash-flow, with a modest reduction in our production ounces”, stated James Bannantine, President and CEO. “The continuous improvement of our Mexican operations is important to our primary growth initiatives that include completing the acquisition of Beadell Resources Limited, which is expected to close shortly after respective shareholder votes during the week of February 11th, and the completion of the latest phase of our Coricancha project to enable advancement toward a production decision by the end of March.”

Through an aggregate C$2.6 million equity investment in Prospero Silver Corp., Fortuna funded a Strategic Alliance with Prospero. This strategic alliance provided for the initial drilling of multiple targets at Prospero’s Matorral, Petate, Pachuca SE, Buenavista and Bermudez properties located in Durango, Hidalgo and Chihuahua States. High-level epithermal clay alteration with anomalous gold, silver or pathfinder elements are present at each property, none of which has been previously drilled.

Leagold CEO Neil Woodyer commented: “When we acquired Los Filos in April 2017 from Goldcorp, we identified its potential to be developed into a long life, low-cost operation with significant scale. During the 20 months since the acquisition, we have carried out extensive exploration programs for both open pit and underground deposits, developed a 1,330-metre ramp to access the ore body at Bermejal underground, completed the Bermejal underground mine design, completed comprehensive metallurgical test work on all of the mineral deposits to support the CIL plant design, and learned a lot from current operations. Our investment in this work to date is approximately $30 million and forms the basis of the independent Feasibility Study and a 43-101 technical report.

“We had another year of consistent production at the Avino property, producing 2,863,753 silver equivalent ounces, which was in line with our internal projections.” said David Wolfin, President and CEO. “The completion of Mill Circuit 4 contributed to an increase of 6% in silver equivalent ounce production over 2017, and also helped offset decreasing grades at the San Gonzalo Mine which is nearing the end of its mine life. The underground development at San Luis was temporarily reduced to save costs in the third and fourth quarters of 2018, therefore we are positioned to increase the throughput and the rate of development of the San Luis area during the latter part of 2019. We expect 2019 production to be similar to 2018. We continue to be mindful of costs Company-wide and are taking a pragmatic approach to expanding our operations. Finally, I wish to thank the operations team in Mexico for all their hard work and dedication.”

Goldplay Exploration Ltd. (TSXV: GPLY, FRANKFURT: GPE OTCQB: GLYXF) is pleased to announce the listing of its shares on the Frankfurt Stock Exchange under the symbol GPE effective January 15, 2019.

Mr. Brad Langille, President and CEO, stated “The quarter started off slow but we are very pleased with how quickly production improved with December being one of the best months we have had at Parral and we expect Parral will continue to improve in the current quarter”.

“With Mercedes operations back on track, Premier exceeded its internal production expectations during the fourth quarter,” stated John Begeman, Executive Chairman of Premier. “Annual production met initial guidance. A strong fourth quarter combined with the development of two additional mine projects at South Arturo, is positioning the Company for a strong future”.