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.’

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• Fast. PhotoSat solutions are ideal for large, inaccessible, or remote sites. With no permits needed, we can efficiently produce engineering-grade surveys and alteration mineral maps over hundreds or even thousands of square kilometers. No site access is required, and all data processing is completed without involvement from ground crews.
• Global. Satellites are not restricted by borders, permits, or ground logistics. We have completed more than 1,300 projects in over 75 countries, with exacting standards of accuracy and consistency.
• Reliable. Each PhotoSat project is produced from satellite photos, with each photo covering hundreds of square kilometers. As a result, our data sets are consistent, time-stamped and robust, with high data point density.
• Innovative. PhotoSat is a leader in satellite-based surveying technology and alteration mineral mapping. We use proprietary deep learning algorithms in our data processing. Our unique technology produces outstanding results that are trusted by mining companies and engineering consultants around the world.