Day: May 30, 2019

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.”

Layne, A Granite Company, provides sustainable solutions for water resources and mineral exploration. Originally established in 1882, Layne offers a rich history of delivering safe, professional, and reliable water and minerals solutions throughout North and South America. Granite acquired Layne and its subsidiaries in the fall of 2018, to further Granite’s strategy to grow through acquisition and diverse end market expansion.

All News

Our expertise in mining places us at the forefront of the industry. We are readily available with an international service.