Year: 2019

Odyssey Marine Exploration Expands Mineral Portfolio

‘In my previous communications, I’ve discussed our new business model, which includes the development of multi-billion-dollar assets through the discovery and development of valuable seafloor mineral deposits while being responsible stewards of the environment,’ stated Mark Gordon, Odyssey Chairman and CEO. ‘This acquisition is an example of our successful execution of our business plan, and we are focused on adding other new subsea mineral deposits around the world to our expanding portfolio.’

Sierra Metals Reports Second Quarter 2019 Production Results Including Record Consolidated Quarterly Ore Throughput

Igor Gonzales, President and CEO of Sierra Metals, commented: ‘The Company has continued 2019 with consolidated record production results in the second quarter. This includes continued recovery and making up for lost production at Yauricocha despite an illegal strike action which occurred at the end of Q1 and start of Q2 this year. This can also be attributed to a much stronger performance from our Mexican Mines in the second quarter including record production at both of the Bolivar and Cusi Mines.’

Endeavour Silver Acquires Exploration and Exploitation Rights to Two Properties Adjacent to the Guanacevi Mine, Durango State, Mexico

Bradford Cooke, Endeavour CEO, commented, ‘After many years of discussions, we are happy to announce this exploration and exploitation agreement. It gives us access to two key properties adjacent to two of our past mines at Guanacevi in order to explore, develop and produce any extensions of the Porvenir Norte and Porvenir Cuatro orebodies. Subject to successful exploration, we not only have the opportunity to extend the mine life at Guanacevi but also to commence development and initial production from the El Curso property this year.’

Fortuna reports production of 2.4 million ounces of silver and 13,497 ounces of gold for the second quarter of 2019

Fortuna Silver Mines Inc. is pleased to report production results for the second quarter of 2019 from its two operating mines in Latin America, the San Jose Mine in Mexico and the Caylloma Mine in Peru. The Company produced 2.4 million ounces of silver and 13,497 ounces of gold plus base metal by-products. Silver and gold production for the first six months totaled 4.6 million ounces and 26,811 ounces respectively; being 5 percent above and 1 percent below the Company’s mid-year projection respectively. Fortuna is on schedule to produce 8.2 – 9.0 million ounces of silver and 49 – 54 thousand ounces of gold or 11.7 – 12.9 million Ag Eq1 ounces in 2019 in accordance with our annual production guidance.

Oroco Acquires Key Mineral Concession Interest within the Santo Tomas District

Commenting on the Rossy acquisition, Craig Dalziel , Oroco’s CEO, stated: ‘Acquiring the Rossy concession is a big step forward in Oroco’s land assembly initiatives at Santo Tomas. The Rossy concession has long been an acquisition target for Oroco for reason of its favourable geology and proximity to the Brasiles Zone.’

Discovery Metals Receives Drilling Permit for its Monclova Project

Discovery’s President and CEO, Taj Singh commented: ‘The receipt of the drilling permit for Monclova is a significant step for the Company. Our team has been working diligently to develop an exploration plan for the Project and has delineated multiple high-potential drill targets that we can test in 2019. This will be the first drilling ever carried out at this past-producing, high-grade project.’

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