Author: Josue Gomez

Hecla Reports Continued Drilling Success in the Third Quarter

“With the addition of the Nevada assets, Hecla had the largest quarterly exploration program in its history,” said Phillips S. Baker, Jr., President and CEO. “While exploration expense will be less in the fourth quarter, it is not for lack of good results. All of Hecla’s programs this year had success that will justify follow-up in the future. But our focus in the fourth quarter will be at our Nevada operations and San Sebastian as we work towards the sort of mine life that we have at Greens Creek and Casa Berardi.”

IMPACT Silver Announces Financing of up to $1.5 Million

The Company intends to use the proceeds of the Private Placement to explore the Zacualpan land package for additional high potential precious metals as well as gold-copper targets, to improve efficiencies at the Guadalupe production mill, and for general working capital purposes.

Defiance Silver and Valoro Resources Sign Definitive Merger Agreement

The Transaction has the unanimous support of both companies’ Boards of Directors and Officers and will create a leading Mexico focused explorer with an advanced portfolio of silver and gold projects. The combined company will continue under the name of Defiance Silver Corp.

Auxico Closes Private Placement

Auxico Resources Canada Inc. is pleased to announce that it has completed a non-brokered private placement of 1,575,000 units, issued at a price of $0.20 per Unit, for gross proceeds of $315,000.

Kootenay Drill Program Outlines Resource Upside Along Extensions of the La Cigarra Resource

The Company has designed a drill program aimed at the dual purpose of resource expansion along the immediate extensions of the La Cigarra deposit and at outlining the scope of that potential. There are four target areas identified where the Company believes there is untested potential to increase the Resource by significant amounts. The plan would entail primarily exploration step out drilling of known mineralization and some infill drilling of the successful La Borracha program earlier this year.

U. S. Antimony Reports Progress On Leach Plant For Los Juarez Gold Silver Antimony Property In Mexico

United States Antimony Corporation reported that most of the equipment for the Puerto Blanco leach plant has been built in Montana and is ready to transport. Projects remaining include finishing the tailings pond, wiring, plumbing and completing the building. Hopefully, testing should begin at the end of this year. The Los Juarez gold, silver, and antimony property is regarded as potentially the largest corporate asset and has been on hold due to metallurgical and permitting delays.

New Gold Announces Management Change Appoints Robert J. Chausse as Chief Financial Officer

New Gold Inc. announces the appointment of Robert J. Chausse as Executive Vice President and Chief Financial Officer, effective immediately. Rob brings with him more than 25 years of international finance experience, exclusively in the mining sector, which will enhance the collective expertise of the leadership team as we reposition New Gold as a leading, Canadian-focused intermediate producer. The Company also announces the departure of Paula Myson, Executive Vice President and Chief Financial Officer.

Americas Silver Corporation Reports Third Quarter 2018 Financial Results

“Despite the operational and weather-related challenges, and the low metal prices experienced in the third quarter, the Company continued to increase mill throughput at San Rafael through the quarter,” said Darren Blasutti, President & CEO of Americas Silver. “As a result, the San Rafael mill is now consistently achieving over 1,700 tonnes per day. With capital development to reach the Main Zone nearing completion at San Rafael and Galena running smoothly since mid-July, we expect the fourth quarter to achieve the highest silver and silver equivalent production quarter of 2018.”

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