The changes made at Parral in late 2016 and the first half of 2017 have now taken effect and we expect to see continued increases in production through fiscal 2018 said Brad Langille, CEO.
“Great Panther delivered good production results in the third quarter. The results are consistent with the previous quarter and fall in line with the Company’s annual guidance”, stated James Bannantine, President & CEO. “The increase in gold production compared to the second quarter 2017 is a direct result of the improved gold grades and recoveries.”
Discovery Metals President and CEO, Taj Singh commented: This is a significant step for us. Our company came into existence in August, so we are very pleased to have received these permits in such a short time. Our newly-formed team has been working diligently to develop a detailed exploration plan and has prioritized a number of high-impact targets. We expect to be drilling on at least one project before the end of the year.
Tim Barry, President, CEO and director of Silver Bull states, We are very pleased with the first two holes of our program which confirm what we are seeing underground with our mapping. With these first drill holes we have extended the first of the three high grade structures we plan to drill, another 25 meters to the east and it almost certainly continues as the hole was ended in high grade mineralization due to hitting an unmapped void. This structure remains open along strike and down dip. It is also important to note that we appear to be below the oxide zone and expect to continue hitting sulphide mineralization in this area.
“Operationally we delivered a strong third quarter with record production and significant milestones achieved at both our key operations. This included the completion of the MCM waste pass at Young- Davidson, contributing to higher underground mining rates in September, and initial production from our La Yaqui mine in the Mulatos district. We expect both will be key drivers of strong free cash flow growth in the fourth quarter and we remain well positioned to achieve full year guidance,” said John A. McCluskey, President and Chief Executive Officer.
Colibri Resource Corporation is pleased to announce the release of a report by Dr. Jonathan Nourse, Professor and Chair of the Geological Sciences Department at the California State Polytechnic University in Pomona, California.
Chesapeake Gold Corp has commenced a 5,000 metre diamond drill program at its wholly owned Yarely project located near the proposed El Paso (Metates) plant site in Sinaloa State, Mexico. Chesapeake controls a 68,000 contiguous hectare land position favorably situated near a paved highway, civil infrastructure and labour.
Los Filos Mine produced 137,749 oz of gold during the nine months ended September 30, 2017, which includes 91,746 oz following Leagolds acquisition of the mine on April 7, 2017
“Cozamin once again outperformed in the third quarter, partially offsetting lower production at Pinto Valley and Minto,” said Darren Pylot, President and CEO of Capstone. “As we enter the fourth quarter, all operations are on track and we expect to achieve the low end of our guided production range for the year.”
David F. Volkert, Vice President of Exploration, commented: Our exploration priority at Fortuna is adding to the longevity of our operations. Concurrently, we are populating the base of our exploration pyramid with new opportunities from our internal Brownfields and Greenfields reconnaissance programs and selected equity investments and option agreements as completed with Prospero Silver in Mexico and Medgold Resources in Serbia.
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