Scott Perry, President and CEO of Centerra said, “With the completion of the acquisition of AuRico Metals, we have expanded our existing development pipeline to include a de-risked brownfield development asset, located in Canada, as well, we are adding a high-quality, free-cash flow generating royalty portfolio. The Kemess property has the potential to be a low-cost, long life, significant gold and copper producer.”
CEO Paul Thompson stated, I want our shareholders to understand that Mexus is moving forward with its plan become a major miner. The end game is to have multiple properties producing metals in the next few years. MarMar is well in control of the Santa Elena project which affords us the ability to move forward on our other projects. The coming months will be an exciting time for our shareholders as we announce new developments and plans on multiple properties.
Riversides President and CEO, John-Mark Staude, stated: We are in a very strong position for company growth and success in 2018 with a promising line up of early 2018 drill results and partnership deals to come. The 100% permitted assets provide immediate and strong growth for Riverside and we are in a great position heading into the New Year with a tight share structure and new discovery potential at multiple projects. We appreciate our strong shareholder base and their continued support and our team looks forward to a productive year ahead.
CEO John Lawrence said We are excited about the commencement of construction of the pilot leach plant for Los Juarez. Additionally, the Company added 30 new customers for the BRZ zeolite, and we expect to see sales grow during 2018. In the near future, we expect to announce our progress on several additional strategic and financial opportunities presented to the Company that do not involve dilution of any kind.
Coeur Mining, Inc. today announced record fourth quarter silver equivalent production of 11.7 million ounces, consisting of 4.5 million ounces of silver and 119,114 ounces of gold. Silver equivalent production increased 23% quarter-over-quarter and 17% year-over-year. Silver production increased 15% quarter-over-quarter and 17% year-over-year, while gold production increased 28% and 16%.
David Wolfin, President and CEO of the Company commented, We are very pleased to announce this significant achievement for Avino that confirms our development and growth as a company. The TSX is Canadas most senior stock exchange and we anticipate that this move will provide Avino with greater visibility in the marketplace and access to a broader and more diverse range of international and institutional investors.
Mr. Stanford added, In the 10 months of 2017 operations, prior to the illegal blockade, 241,000 ounces of gold were poured, and the plant was producing at approximately 90% of design capacity. We are optimistic that progress is being made in getting the operations re-started, and look forward to completing the ramp-up, finishing the SART Plant, and getting back underground into the Sub-Sill area. 2018 has the potential to be a catalyst rich year for Torex, for the benefit of our shareholders, employees, communities, and the thousands of families that depend on the operations for their livelihood.
IMPACT Silver Corp. is pleased to provide an exploration update on a new and developing gold target within the Royal Mines of Zacualpan Silver District in central Mexico. Although work will be continuing on the silver-gold veins that have provided five centuries of historical production at the Zacualpan District, the work at Santa Teresa represents a new initiative for IMPACT’s exploration team to explore different sorts of mine making targets.
The Company has finalized its plans for a two-phase drilling program on the “Main Zone” at its 100% owned advanced exploration Pilar Gold Project in the Sonora State of Mexico. To date, Colibri has defined an in-house resource calculation on Main Zone deposit of 700,000 tonnes grading 1.9 g/t. This new program is designed to expand this resource and define it by NI 43-101 standards.
Torq Resources Inc. is pleased to announce the appointment of Daniel T. McCoy, Ph.D. as the Companys Chief Geologist. Dr. McCoy has worked extensively in the mineral sector for over 27 years, specializing in precious metals exploration primarily in North and South America and Africa. He led the team credited with discovering the multi-million ounce Esaase gold deposit in West Africa. He also led the acquisition and exploration of the El Barqueno project in Mexico which was acquired by Agnico Eagle Mines Ltd. from Cayden Resources Inc. in 2014.
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