The large furnace at the Madero smelter in Coahuila, Mexico is being fired in to cure the refractory. This will be followed by the fuming of up to 10 metric tons per day of high-grade concentrate from Australia and will take the place of 20 small furnaces. The SRFs will then recommence processing a large inventory of the USAC’s Mexican mine concentrates.
Gold Resource Corporation today announced new Switchback drill highlights from its El Aguila Project including 15.22 meters of 3.18 grams per tonne (g/t) gold and 292 g/t silver. Gold Resource Corporation is a gold and silver producer with operations in Oaxaca, Mexico and exploration in Nevada, USA. The Company has returned over $105 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.
Levon Resources Ltd. is pleased to announce that its common shares will commence trading on the OTCQX market in the U.S., effective September 14, 2015 under the ticker LVVNF. Trading on OTCQX is designed to provide current and future U.S. based shareholders with greater access to and ease of trading in the Company’s shares. U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for Levon Resources Ltd. on www.otcmarkets.com.
Mexus Gold US president Paul Thompson recently returned from Caborca, Sonora State, Mexico where he met with Julio Baltazar, Vice President of Mexus Gold Mining SA de CV. Mr. Thompson and Mr. Baltazar discussed the Santa Elena/Julio project and reviewed the equipment currently sitting idle on the property. Both are extremely happy with the progress at the Julio/Santa Elena property. A general valuation was made and the equipment was determined to be worth approximately $500,000. The recent agreement with Argonaut Gold has eliminated the need for the production equipment used in mining and thus it was decided that liquidation would be the best option. Equipment needed for exploration will be retained. The much needed cash infusion will be used to further Mexus’ other projects and properties.
Torex Gold Resources Inc. is pleased to announce that the resettlement of all 102 families of the village of La Fundicion has been completed at its 100% owned Morelos Gold Property in Mexico. The Company also announced that a draw of $25 million on its debt facility was received at the end of August and provided a construction update.
Con la finalidad de mantener actualizado al personal que labora en las diversas minas de la región, el Cluster Minero de Zacatecas (Clusmin) llevó a cabo el seminario Tecnologías en Molienda Ultra Fina y Concentración de Minerales.
VVC Exploration Corporation is pleased to report that the Company has entered into option agreements with two arm-length parties to acquire an additional 45,000 common shares of Samalayuca Cobre S.A. de C.V. over a period of 36 months by making aggregate cash payments of US$850,000, issuing an aggregate of 32,500,000 units of VVC, each unit comprising one common share of VVC and one share purchase warrant exercisable at CA$0.06 per Share over five years. If the Options are fully exercised then VVC would beneficially own 90,000 shares of SC representing 67.5% of the total outstanding shares of SC….
West Melville Metals Inc. announces the appointment of Ms. Vivien Chuang as Chief Financial Officer, and Ms. Dayna Leigh as Corporate Secretary, effective immediately.
“Although demand for drilling services continues to be weak and pricing very competitive, we were able to increase our revenue and margins over the last three months,” said Francis McGuire, President and CEO of Major Drilling. “We continue to grow our services around existing mines, including underground core and percussive drilling, which should help to provide greater revenue stability, provided senior and intermediate miners continue with their production plans. Our efforts to reduce costs have had a positive impact on margins and have allowed us to grow our EBITDA to $11.4 million, more than double our EBITDA in the first quarter of last year.”
Minaurum Gold Inc. is pleased to report it has regained control of the Santa Marta VMS copper-gold project in Oaxaca, Mexico from Lowell Copper Ltd. Due to current market conditions, Lowell elected to withdraw from its option which was initiated in December 2013.
Mexico Mining Center © 2021 / All Rights Reserved
