Month: May 2019

Ethos Gold Announces Private Placement

Ethos Gold Corp. is pleased to announce a non-brokered private placement to raise gross proceeds of $225,000. The Company will issue 1,125,000 units at a purchase price of $0.20 per Unit. Each Unit will consist of one common share of the Company and one common share purchase warrant. Each Warrant will entitle the holder to purchase one common share of the Company at a purchase price of $0.40 per share for a period of two years from the date of the closing of the Offering.

Santacruz Silver Reports First Quarter 2019 Financial Results

“During the first quarter we saw again a significant improvement in our mining operations as our quarter over quarter revenues from mining operations and reduced production costs demonstrate. This trend of increased metal production, reduced production costs and improved cash flow from mining operations has continued into Q2 and is expected to continue for the rest of the year,” stated Arturo Préstamo, Chief Executive Officer of Santacruz.

AHMSA resumes normal activities after bank freeze

The bank accounts of the steelmaker were frozen by Mexico’s financial intelligence unit earlier in the week on suspicion of money laundering. The move to unfreeze the accounts follows the arrest in Spain of AHMSA chairman Alonso Ancira, who was detained by Interpol on May 28.

Silver One to Commence Trading on OTCQB Marketplace

“We are excited with our listing on the OTCQB. Our belief is an OTCQB listing will provide increased access to US investors and a broader shareholder base. Further, it will allow U.S. based investors the opportunity to further share in the Company’s continued growth,” said Greg Crowe, Chief Executive Officer of Silver One.

Discovery Metals and Levon Resources Enter into Arrangement Agreement

Taj Singh, President and Chief Executive Officer of Discovery, states: ‘We are excited to be combining our highly experienced Mexican exploration teams to advance the combined portfolio of properties. The new Discovery will have several district-scale land packages in Coahuila and Chihuahua that offer compelling exploration potential. The new Discovery will also benefit by adding the Cordero Project, a development stage project with potential to be optimized for the current metals price environment.’

Avino Reports Voting Results of AGM and Appoints New Director

Avino Silver & Gold Mines Ltd. is pleased to report that at the Annual General Meeting of shareholders of the Company held on May 30, 2019, all resolutions proposed to shareholders were duly passed. 29,931,644 common shares of the Company, representing approximately 45.74% of the Company’s issued and outstanding common shares as at the record date were voted.

Telson Mining Corporation Reports First Quarter 2019 Financial Results

“After taking Campo Morado out of an extended period of care and maintenance just over one year ago, we are very happy to report that for the first time in many years the mine has generated a significant operating profit of C$3.05 million during Q1 2019.” States Antonio Berlanga, CEO, “This was achieved by the Campo Morado operations team’s diligence and hard work in implementing efficiencies, correcting start-up challenges and controlling costs. It is notable the Q1 average daily mill throughput rate was approximately 1,765 tonnes per day and that management is working towards increasing this rate towards 2,500 Tonnes per day during 2019 and thereby expects to increase the operating profit margins through economics of scale.”

Newmont Goldcorp Ranked Top Miner on CR Magazine’s 100 Best Corporate Citizens List

‘This recognition is another indicator of how deeply sustainability is embraced by our employees and integrated into our culture,’ said Gary Goldberg, Chief Executive Officer. ‘We recognize that consistently strong environmental and social performance is central to creating long-term value for all of our stakeholders. Not only is it the right thing to do, it is a key measure of how well our business is run overall.’

Defiance Silver to Drill New Silver-Copper Anomaly at San Acacio

‘We are excited to commence our next round of drilling that will test both new veins and potential high-grade structures at the San Acacio project’ stated Peter J. Hawley, Interim President and CEO. ‘The results from our exploratory ground geophysical surveys identified strong co-incident anomalies on trend with the San Acacio deposit.We believe that due to the size and robustness of these targets, both represent potential game-changers for the project.’

GoGold Completes 23 Trenches Identifying Mineralization for 3.2km Along Strike and Mobilizes Additional Drill Rig

Brad Langille, President and CEO, states ‘we are very pleased to see the results from our geological mapping, sampling and trenching program has defined at least 5 new targets, where we are currently mobilizing an additional drilling rig, along strike to the south of the former Cinco Minas El Abra underground mine. The largest zone is known as Cerro Colorado and extends for a strike length of 500m. With these widths and grades at surface, we feel there is an excellent chance to discover new high-grade deposits along the Los Ricos vein system that have not been previously mined. Based on our trenching and mapping to date, the limited historical drilling in this area may have missed the mineralized zone which we have identified.’

Endeavour Silver Provides Update on Mining Operations

Bradford Cooke, CEO, stated, “Our goal in implementing these actions is to make our mining operations more efficient so they can return to profitability quickly and permanently. Reducing the operating costs and work force combined with investing in new mining equipment and retraining are keys to making our mines more sustainable even at low metal prices.”

Oroco Announces Appointment of Ian Graham as VP Exploration

Oroco Resource Corp. is pleased to announce that Mr. Ian Graham has been appointed as Vice-President of Exploration of the Company. Mr. Graham is an accomplished mining professional with over 20 years of experience in the development and exploration of mineral deposits, mostly gained with major mining companies Rio Tinto and Anglo American, including as Chief Geologist with the Project Generation Group at Rio Tinto.

Juanicipio, una mina de oro

El proyecto Juanicipio que inició en noviembre de 2013 pretende comenzar los trabajos como una unidad minera en 2021, aunque todo dependerá de que se llegue a las vetas de minerales preciosos, pues hasta el momento se han explotado cerca de 2 kilómetros a una profundidad de 600 metros.

Gold Resource Corporation Declares May Monthly Dividend

Gold Resource Corporation declares its monthly instituted dividend of 1/6 of a cent per common share for May 2019 payable on June 24, 2019 to shareholders of record as of June 11, 2019. Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico and Nevada, USA.

Alamos Gold Declares Quarterly Dividend

Alamos Gold Inc. today announced that the Company’s Board of Directors has declared a quarterly dividend of US$0.01 per common share. This represents the Company’s 10th consecutive year of paying a dividend during which time the Company has returned $147 million to shareholders through dividends and share buybacks.

Drilling Continues to Expand Cerro Caliche Gold Mineralization

‘With almost 90% of the 10,000-meter drill program completed, we are pleased to report that the objectives of the technical program at Cerro Caliche have been accomplished,’ said Kenneth MacLeod, President and CEO. ‘Most critically, the program continues to outline shallow low-grade bulk tonnage gold mineralized zones with gold grades and intervals similar to operating heap leach mines in the region.’

Gold Resource Corporation Significantly Expands Arista Mine Intercepting 11.95 Meters of 1.04 G/T Gold and 494 G/T Silver

‘This year’s exploration efforts at Switchback continue to impress with significant vein expansions along both strike and up-dip,’ stated Mr. Barry Devlin, Vice President of Exploration for Gold Resource Corporation. ‘Our recent focus has been on the northern extension of the Switchback veins system where the main Soledad vein appears to be splitting into two distinct mineralized structures. Exploration goals for the remainder of the year are to continue to test these northern extensions of this growing system, both along strike and up-dip at higher elevations, as well as infill drilling to upgrade mineralized material to proven and probable reserves.’

Radius Gold intersects 5m at 657 g/t Ag at Amalia Project, Mexico

Radius Gold Inc. is pleased to report on progress of its diamond drill program at the Amalia Gold-Silver Project in Chihuahua, Mexico. Radius has now completed drilling of 6 diamond holes AMDD19-010 to AMDD19-015 totalling 1743m with assays returned for 3 holes (010, 011, 012). New results include Hole 012 which assayed 5m at 647 g/t Ag, intersected 50m below the phase one Hole 008 (5m at 0.59 g/t Au and 571 g/t Ag).

UIF congela cuentas de Lozoya y AHMSA

La Unidad de Inteligencia Financiera (UIF) de la Secretaría de Hacienda bloqueó las cuentas de Emilio Lozoya, exdirector de Petróleos Mexicanos (Pemex), y de Altos Hornos de México (AHMSA), tras identificar en el sistema financiero nacional e internacional múltiples operaciones con recursos que presuntamente no proceden de actividades lícitas y que posiblemente sean resultado de actos de corrupción.

Magna Gold Corp. Announces Completion of Qualifying Transaction, Increases Land Position, Receives Environmental Permits

Pursuant to the option agreement dated September 25, 2018 and amended March 22, 2019 comprising the Qualifying Transaction, the Corporation has acquired from the Seller an option to acquire a 100% undivided interest in two mining claims located in the municipality of Yecora, Sonora, Mexico, for a four-year period. The Property consists of two contiguous claims covering an aggregate area of approximately 345 hectares is located approximately 250 kilometers east-southeast along the Federal Highway 16 from the state capital, Hermosillo.

Galore Mobilizes Drill to Dos Santos Project

Galore Resources Inc. is pleased to announce that Minerales Galore S.A, De CV., Galore’s wholly owned Mexican subsidiary, signed an agreement with COMEFIN S DE RL DE CV of Mexico to immediately mobilize a drill core rig to complete a 2,500-meter diamond core drilling program at Galore’s 100% owned El Alamo project. The agreement also allows for an additional 1,500 meters of drilling at Galore’s 100% owned Los Gemelos project, where previous work has exposed narrow quartz and calcite veins containing visible gold.

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