Month: October 2019

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.”

Oroco Warrants Fully Exercised

Oroco Resource Corp. is pleased to announce that the warrant holders from a unit offering completed on April 26, 2018 have fully exercised all 4,500,000 share purchase warrants, providing proceeds to the Company of $720,000.

Argonaut Gold Provides El Castillo Mine Update

Argonaut Gold Inc. announces that the El Castillo mine is subject to an illegal blockade. At this time, leaching and gold absorption operations are continuing and metal production has not been impacted.

Tocvan Announces Grant of Stock Options

Tocvan Ventures Corp. announces that it has granted an aggregate of 550,000 stock options to directors, officers and consultants of the Corporation, exercisable on or before October 24, 2024, at an exercise price of $0.15 per common share.

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.

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MMC Banners Q4 2022_Cerro Casale_02 (1)

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