“I’m happy to report that we generated strong production growth in 2015,” said David Wolfin, Avino’s President and CEO. “In fact, we achieved the highest silver equivalent ounce output in the Company’s 49-year history. I congratulate our team of over 450 people for achieving this milestone during challenging conditions for the mining industry overall.”
GREAT PANTHER SILVER LIMITED announces that it is resuming full operation today at its Guanajuato Mine Complex following yesterday’s announcement of a voluntary suspension of the use of explosives. This suspension was put in place to facilitate ongoing investigations in connection with the theft of such material, and to ensure security measures.
Excellon Resources Inc., Mexicos highest grade silver producer, is pleased to provide an update on implementation of the Companys optimization plan for the Platosa Mine in Durango, Mexico. The Optimization Plan outlines a simplified dewatering solution for the Platosa Mine, as described in the technical report prepared by Roscoe Postle & Associates Inc. dated July 9, 2015, summarized in the Companys press releases dated June 2, 2015 and November 2, 2015. The Technical Report is available at www.sedar.com and on the Companys website at www.excellonresources.com.
During 2015 we began the process of improving mining conditions at Platosa, stated Brendan Cahill, President and Chief Executive Officer. While water management continued to present challenges throughout the year and limited access to the high grade 623 and Guadalupe South mantos, we began to see material improvements from our dewatering efforts late in Q4. Our mine planners and geologists also identified a new mineralized zone connecting the 623 and Guadalupe South mantos, which is being exploited in Q1 2016. We look forward to furthering these improvements as Platosas optimization plan is implemented during 2016.
Canarc Resource Corp. is pleased to announce that it has received an updated, independent, resource estimate for Canarcs El Compas Gold-Silver Mine in Zacatecas, Mexico. A technical report documenting the new mineral resource statement will be filed on SEDAR within 45 days in accordance with the requirements of National Instrument 43-101 Standards of Disclosure for Mineral Projects.
Gold Resource Corporation today announced preliminary 2015 fourth quarter and year-end mill production. The Company produced approximately 29,644 gold ounces and 2,506,000 silver ounces for the 2015 year, which achieved its revised annual production targets. Gold Resource Corporation is a gold and silver producer with operations in Oaxaca, Mexico and exploration in Nevada, USA. The Company has returned over $108 million to shareholders in monthly dividends since commercial production commenced July 1, 2010, and offers shareholders the option to convert their cash dividends into physical gold and silver and take delivery.
The Company has voluntarily suspended the use of all explosives material at the GMC and increased measures to secure the material to facilitate the investigation process and safeguard against further attempts of theft. As such, blasting-related mining activity has been temporarily halted pending the outcome of the initial inspection by the authorities, scheduled to begin within 24 hours. The Company’s processing plant has not been impacted and continues uninterrupted at this time with the current ore stockpile of four to five days’ production.
Jorge A. Ganoza, President and CEO, commented: “We once again exceeded annual production guidance and continue to provide year-over-year growth into 2016. I want to highlight that our silver and gold production growth comes with industry leading low costs. This, added to the strength of our balance sheet, positions the company to continue thriving through the phases of the metals cycle.”
“We closed 2015 on a strong note achieving full year guidance with record production of 104,700 ounces of gold in the fourth quarter. The strong fourth quarter performance was driven by improved production from the high grade mill at Mulatos and record production from Young-Davidson where we achieved our year-end underground mining rate target of 6,000 tonnes per day,” said John A. McCluskey, President and Chief Executive Officer.
Santacruz Silver Mining Ltd. reports that the exclusive mandate period provided to the CrediPresto Group in connection with the previously announced proposed Loan Facility with the CrediPresto Syndicate has expired. The terms of the proposed Loan Facility contemplated the Company and the CrediPresto Syndicate closing the transaction on or before December 31, 2015. In connection with this event the Company has opened discussions with other groups in addition to the CrediPresto Syndicate with respect to restructuring and replacing the current corporate debt.
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