Month: October 2019

Bacanora Taps Veolia Water Technologies for Sonora Lithium Carbonate Flowsheet

“We are proud to help game-changing miners in search of a partner with the knowhow to produce lithium from a variety of feedstocks. Veolia looks forward to further supporting the transformation of Bacanora into a major supplier of battery-grade lithium chemicals,” Jim Brown, Executive Vice President Veolia Water Technologies Americas, said.

Primer Encuentro de Becarios de Alamos Gold

El Programa de Becas de Minas de Oro Nacional nació brindando apoyo a 10 estudiantes de Mulatos; actualmente impulsa la educación de 185 alumnos, quienes realizan sus estudios en Hermosillo, Matarachi, Sahuaripa, Arivechi, Chihuahua, Cuauhtémoc y San Luis Río Colorado.

Starcore Resumes on the OTC Under “SHVLF”

“We are happy to offer our securities in the U.S. through the OTC Pink markets. This will give us exposure to a larger market in addition to the Frankfurt and Toronto Stock exchanges” said Robert Eadie, CEO and President of the Company.

Por Amparo, SEMARNAT Suspende Resolución de MIA Para Mina en Ixtacamaxtitlán

La Secretaría de Medio Ambiente y Recursos Naturales (Semarnat) suspendió la autorización del Manifiesto de Impacto Ambiental (MIA), entregado por la Minera Gorrión SA de CV para la extracción de oro y plata en Ixtacamaxtitlán, hasta que se resuelva el juicio de amparo promovido por ciudadanos que se oponen al proyecto extractivo.

Great Panther Announces Management Change

GREAT PANTHER MINING LIMITED announces that James Bannantine, President & CEO, has departed the Company effective today following a determination by the Company’s Board of Directors to effect a leadership change.

Alamos Reports Third Quarter 2019 Results

“We are disappointed by the delay in the renewal of our mining concessions for Kirazlı but are confident we will see a positive resolution. Our other internal growth initiatives at Mulatos and Young-Davidson are progressing well. Construction of Cerro Pelon is tracking ahead of schedule and we expect first production by the end of this year,” John A. McCluskey President and CEO.

Santacruz Silver Produces 956,482 Silver Equivalent Ounces in Third Quarter

Mr. Carlos Silva, Chief Operating Officer, stated “The acquisition of the initial 50% ownership of PCG Mining at the beginning of Q3 has resulted in a material positive impact on production during the quarter. With the recent acquisition of the remaining 50% of PCG Mining, we expect a further significant production increase in Q4 and into 2020 as a result of Grupo Penoles agreeing on October 29, 2019 to extend the Zimapan Mine lease to December 31, 2020. We continue to have positive discussions with Grupo Penoles, the owner of the Zimapan Mine, with respect to acquiring the mine outright.”

Centerra Gold Records Net Loss for the Third Quarter of $165 Million

Scott Perry, President and Chief Executive Officer of Centerra stated, “During the quarter we achieved a number of significant Lost Time Injury Free milestones including one million work hours at our Öksüt Project and Mount Milligan, one full year at Kumtor and most recently six full years without incurring a lost time injury to our employees or contractors at the Endako Mine. These achievements validate that Zero Harm is within our reach at Centerra and demonstrates our workforce’s commitment to Centerra’s Work Safe – Home Safe program as we continue to build a team-based culture of excellence that responsibly delivers sustainable value and growth.”

Premier Reports Third Quarter Production of 16,484 Ounces Gold

“Having achieved commercial production ahead of schedule, South Arturo continues to exceed my expectations” stated John Begeman, Executive Chairman of Premier. “Realizing commercial production at El Nino this year rather than next is a positive development that we expect will impact Premier’s consolidated operating performance for 2019, particularly in the fourth quarter.”

Pan American Silver Reports Drill Results from the La Colorada Skarn Discovery with Intercepts up to 379 Metres

“The most recent drill results feature some of the highest grade intercepts we have seen to date, with widths up to 379 metres. Stand-out drill holes include U-66-19 with 253 metres grading at 67 grams per tonne of silver, 3.84% lead and 6.56% zinc,” said Christopher Emerson, Pan American’s Vice President Business Development and Geology. “We have now completed over 52,400 metres of drilling on the skarn target, allowing us to substantially expand the mineralized footprint and to identify a high-grade core zone.”

Torex Gold Announces Q3 2019 Financial and Operating Results

Fred Stanford, President & CEO of Torex, stated: “From every perspective, this was an excellent quarter. Safety performance continued to be outstanding with zero lost time injuries in the quarter. Record gold production of 138,145 ounces was more than 20% higher than the previous record set earlier in the year…”

McEwen Mining: Q3 2019 Results

Total production during Q3 was 35,042 gold ounces and 947,145 silver ounces, or 45,930 gold equivalent ounces using the average gold:silver price ratio for Q3 of 87:1.

Torex Gold Announces Management and Board Succession Plans

Terry MacGibbon, Chair of the Torex Board of Directors, stated: “Since co-founding Torex over 10 years ago, I am very proud of the Company’s success and its evolution to a well-established Canadian intermediate gold producer. The Company is on a great trajectory with its foundational asset, the El Limón Guajes mining complex, a highly experienced and respected management team, and strong growth opportunities.”

Ternium Announces Third Quarter and First Nine Months of 2019 Results

The company’s net income in the first nine months of 2019 was $543.2 million, compared to net income of $1.2 billion in the first nine months of 2018. The $683.5 million year-over-year decrease was mainly due to lower operating income, partially offset by better financial results and a lower income tax expense.

Santacruz Silver Extends Zimapan Mine Lease Agreement with Grupo Peñoles to December 2020

Arturo Prestamo, Santacruz’s CEO stated, “We are pleased that Minera Cedros has agreed to extend the current expiry date of the Zimapan Mine lease agreement as we expect there will be substantial benefit to the Company from operating the Zimapan Mine during this period while also providing the parties additional time to negotiate the terms of the potential acquisition of the Zimapan Mine by Carrizal.”

Silver Spruce Announces MOU with China University of Mining and Technology for Joint Geological Research

“We are honored to have introduced our projects to professors and Ph.D. students at CUMT,” stated Karl Boltz, CEO of Silver Spruce. “We look forward to them visiting our properties to engage in joint research. We are hopeful the perspective that they bring to our projects and their collective network of mining contacts in China will be of benefit to Silver Spruce over the long-term.”

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