Month: April 2019

McEwen Mining Reports Q1 2019 Results

McEwen Mining Inc. is pleased to report its first quarter results for the period ended March 31, 2019. Production during the quarter was 36,315 gold equivalent ounces. The operational challenges we experienced in the first two months of the quarter have largely been resolved. We made progress implementing better mining practices at the Black Fox mine and advanced towards commercial production at the Gold Bar mine. Nevertheless, the temporary production delays at Black Fox and a slower start-up at Gold Bar did lower our revenue in the first quarter, contributing to our consolidated net loss of $10.1 million, or $0.03 per share. Our consolidated production rebounded during the month of April with approximately 16,500 GEOs, and we are back on track to deliver our guidance for 2019.

One World Lithium Announces 4,250 Meter Drill Program Start

The Company has received a drilling permit required to start it’s 12 hole, 4,250 meter (14,000 feet) drilling program at its Salar del Diablo Property located in the State of Baja California Norte, Mexico. The Property is one of the largest known salars to be drilled in 2019.

Pino de Plata Sampling Yields 1,278 g/T AgEq; Highest Silver Assay to Date for Silver Spruce

We are very pleased with the results from the recently completed field program at Pino de Plata. In addition to the discovery of new vein targets and the significant expansion of the large target areas of El Terrero and the Gossan, assays of samples taken by ProDeMin verify the tenor of existing mineralization in two large areas that may host significant mineralized tonnage. With the data generated during this program we are now prepared to drill Phase I with greater confidence, stated Karl Boltz, CEO of Silver Spruce.

Consolidated Zinc Ltd. – Quarterly Activities Report, March 2019

During the quarter, Plomosas produced 11,267 tonnes of ore, with ramping up of activities achieving a new monthly record of 3,873 tonnes in February, and March mining steady at 3,855 tonnes. Mined grades averaged 10.7% zinc and 2.5% lead, with zinc grades improving through the quarter, achieving 12.4% zinc in March. Lead grades averaged 2.5%, with overall zinc and lead combined grades to increase as the mine stoping operations transitions to higher grade stopes.

Agnico Eagle Announces Election of Directors

Agnico Eagle Mines Limited today announced that, at the annual and special meeting of shareholders held on April 26, 2019, each of the ten nominees listed in the management information circular dated March 12, 2019, were elected as directors of Agnico Eagle.

Grupo Mexico – Resultados Primer Trimestre 2019

Actualmente estamos desarrollando la siguiente fase de crecimiento para alcanzar una capacidad de producción de cobre de casi 2 millones de toneladas para el 2027. Esto representa un crecimiento de 76% contra la producción de este año que estimamos sea de 1,127,800 toneladas de cobre.

Sonoro Confirms New and Expanded Mineralized Zones at Cerro Caliche

“The primary focus of this initial Phase Two round of drilling was to test Cerro Caliche’s northwestern anomalous gold zones by “scout drilling” targets which had been previously identified by geochemical and surface mapping but had not yet been drilled by the Company,” said Kenneth MacLeod, President and CEO of Sonoro. “The successful outcome of scout drilling in the northwestern zones and infill drilling at the El Colorado zone supports the Company’s plan to further drill these zones following additional analysis of the data. The balance of the ongoing Phase Two drilling is focused on extending mineralization at the Central Zone cluster of Japoneses-Cuervos-Abejas, prior to preparing a virgin resource estimation.”

First Mining Announces $6.0 Million Non-Brokered Private Placement Financing

First Mining Gold Corp. is pleased to announce that it intends to complete an equity financing by way of a non-brokered private placement for aggregate gross proceeds of up to $6,012,000. Certain insiders of the Company, including Keith Neumeyer, the Chairman of the Board, and Dan Wilton, First Mining’s CEO, will be participating in the Offering.

Donovan 2 Exploration Update

The Donovan 2 project is located 45 Km southeast of Zacatecas city, Zacatecas State, Mexico. Alien’s geologists collected 44 surface samples consisting of: rock chip, float samples and historic dump samples during a detailed exploration program to complement the geophysics and surface mapping conducted since November 2018. Three samples returned assays in excess of 1000ppm Cu.

GoldSpot Discoveries: Bringing AI and Machine Learning to the Resource Sector

Goldspot Discoveries is a technology company leveraging artificial intelligence (AI) and machine learning to optimize investment success in the resource and investment sectors. The company works with junior resource and exploration companies to analyze the data they have collected, providing new interpretations that could lead to future discoveries. Goldspot has developed two AI-based platforms that were designed to help resource companies better identify deposit locations.

Operan en México menos de 350 empresas en minería

A pesar de la tradición en minería de 500 años de México, su potencial geológico sigue siendo tan fuerte como siempre, con poco menos de 350 empresas realizando proyectos mineros, de acuerdo con Fresnillo plc.

Aloro Receives New Permit to Drill Los Venados

Thomas A. Doyle, President, CEO, stated, We are very pleased that SEMARNAT reviewed our application and has turned it around quickly. New mapping and sampling by the Aloro geological team in the southeast portion of the property has identified new mineralised structures in addition to what was intercepted in LVRC-012. I look forward to getting the drill rig back on the property and follow up on the discoveries we have found in the south east portion of the project.

Capstone Mining Announces AGM Results and Strengthens Board with the Addition of Peter Meredith

“We would like to welcome Peter Meredith to the Board,” said Darren Pylot, President and CEO. “On behalf of the shareholders, the Board wishes to thank Jill Gardiner and Kalidas Madhavpeddi for their service as directors and for the dedication, commitment and valuable insights they provided to the Board leading the Human Resource & Compensation and Corporate Governance & Nominating Committees.”

Energold Drilling Corp Announces Q4 2018 and Fiscal 2018 Results

Fred Davidson, CEO and President of Energold, commented as follows: “2018 signified a continual turnaround in the Energold story with the group achieving the first positive EBITDA in over six years and narrowing losses significantly for the full year. This strategically positions the group to continue to work towards achieving breakeven and net income in 2019 as our diversified business segments continue to demonstrate growth against a backdrop of tepid mineral exploration markets.”

Agnico Eagle Reports First Quarter 2019 Results; Solid Production and Cost Performance; Nunavut Development Projects Advancing as Planned with Meliadine Expected to Achieve Commercial Production in May; Exploration Drilling Continues to Advance Project Pipeline

“Operationally, 2019 is off to a very good start with strong production and cost performance in the first quarter from Goldex, Kittila, Pinos Altos and Creston Mascota. We have also seen significant exploration results from several of our key pipeline projects in the first quarter”, said Sean Boyd, Agnico Eagle’s Chief Executive Officer. “With commercial production expected shortly at Meliadine, and Amaruq on schedule for start-up in the third quarter of 2019, we anticipate higher gold production to result in increased earnings and cash flow in the second half of the year. This should allow the Company to continue to advance its development pipeline, increase financial flexibility and potentially raise dividends”, added Mr. Boyd.

Peñasquito pasa a ser propiedad de Newmont Mining

Para el director general de la firma, Gary Goldberg, la estrategia es seguir invirtiendo en expansiones y exploración para impulsar la producción de la próxima generación, además de cumplir con las expectativas de los accionistas.

Odyssey Marine Exploration Provides Update on Mexican Phosphate Project

“We continue to believe that a negotiated settlement in lieu of further litigation under NAFTA is in Mexico’s and Odyssey’s best interests, and we hope to continue a constructive dialogue with the current Mexican Administration. I returned from consultations in Mexico with a renewed sense of optimism that this project will move forward and will create significant benefits for both Odyssey’s investors and the people of Mexico, including the enhancement of Mexico’s food security and self-sufficiency,” stated Mark Gordon, Odyssey CEO. “But, if Mexico does not share these goals, we are prepared to go the distance to ensure our shareholders realize their rightful return on our investment.”

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