Day: July 30, 2019

Flujo operativo de Peñoles se desploma 58.4% en segundo trimestre

Las acciones de Industrias Peñoles se desplomaron 11.46 por ciento este día después presentar sus resultados al segundo trimestre del año, que fueron desfavorables para la compañía en materia de ventas, flujo operativo y una pérdida neta derivado de la caída en los precios de metales.

Capstone Mining Q2 2019 Results: Continued Operating Momentum

Mr. Pylot continued, “Looking ahead, we have identified a number of initiatives to further reduce expenditures throughout the business and are making steady progress on our strong organic growth pipeline. We are in the process of articulating the longer-term outlook for the Company. Cozamin’s growth plan is on track to increase production by 30% by the end of 2020 and we are targeting doubling the mine life to up to 2030. Pinto Valley’s ‘PV4’ expansion plan includes options to capitalize on the roughly one billion tonnes of resources, including potentially expanding the mill by as much as 25% to 75% or higher. Finally, we remain actively engaged on the strategic process at Santo Domingo and look forward to communicating developments as appropriate.”

Se hunde Peñoles más de 10% en BMV

‘La compañía considera que este movimiento obedece a la reacción del mercado por la publicación de los resultados del segundo trimestre, tanto de su subsidiaria Fresnillo como de la propia compañía, en los que registró una pérdida trimestral consolidada, debido a la caída en precios de los metales e incremento en costos’, señala.

Silver Spruce Confirms High Grade Gold Mineralization at Cocula Advanced Gold Project

Silver Spruce Resources Inc. is pleased to announce that it has received assays from due diligence samples taken from the Timmins Gold (now Alio Gold) reverse circulation drill program stored at the project and assays from new surface samples taken by the independent Qualified Person preparing the maiden NI 43-101 report on the Cocula project in Jalisco State, Mexico.

Avino Announces Closing of Bought Deal Offering

Avino Silver & Gold Mines Ltd. further to the Company’s press release dated July 24, 2019, the Company is pleased to announce that it has closed the bought deal financing with Cantor Fitzgerald Canada Corporation, as sole bookrunner and sole underwriter for the issuance of a total of 7,735,360 common shares of the Company for aggregate gross proceeds of $6,900,340, consisting of 5,411,900 common shares at the issue price of CDN$0.85 per Common Share, and 2,323,460 common shares which qualify as “flow-through shares” as defined under the Income Tax Act (Canada) at the issue price of CDN$0.99 per FT Share.

Goldplay’s First Drill Hole Intersects 204.6 g/t Gold at San Marcial

Goldplay President and CEO Marcio Fonseca commented, ‘The high-grade gold-silver intercept is highly significant as it supports the Company’s goal of expanding the San Marcial resource. It is the first time in approximately 10 years that any type of exploration work has been carried out on the project. One year ago, our data indicated high-grade silver, lead and zinc at San Marcial. Today, we have added high-grade gold. We are committed to continue systematic exploration and drill programs at San Marcial’

VVC Announces Private Placement Financing

VVC Exploration Corporation announces the Company is raising up to CA$2.5 million (approx. US$2.0) in a non-brokered private placement of units of the Company at a price of $0.05 per Unit.

Globexplore is a customer focused, technology driven mineral exploration drilling contractor devoted to top of class drilling methods and techniques that only years of experience can achieve. Every day we strive to be the industry leader by providing the highest rate of performance, professionalism, safety and environmental responsibility.

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Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.