La inversión en la minería en México cayó 38.49 por ciento entre 2012 y 2014, al pasar de 8 mil 43 millones de dólares a 4 mil 948 millones de dólares, reveló la Cámara Minera de México (Camimex).
Jorge A. Ganoza, President and CEO, commented, “We continue to focus on cost control, productivity and margins. Mine plan flexibility at Caylloma and strong performance at San Jose continue to sustain our operating and financial results in spite of a challenging metal price environment.” Mr. Ganoza continued, “Key capital projects remain on schedule as we look forward to the commissioning of the San Jose Mine expansion from 2,000 to 3,000 tpd in mid-2016.”
Silver Standard’s new President and CEO Paul Benson said, “This quarter we added more than $40 million of cash to the balance sheet due to continued strong operating performance at both of our mines and asset sale proceeds. Having visited the sites and talked to our teams, I am impressed with the quality of the operations and our focus on safe production. Our competitive advantage of operational excellence and liquidity have positioned Silver Standard to take advantage of current market conditions and grow shareholder value.”
* Net loss of (US)$3.9 million in the second quarter 2015, compared to losses of $5.0 million in the second quarter 2014 and $3.4 million in the first quarter 2015
* Generated approximately 125,000 payable silver equivalent ounces (AgEq oz) and sold approximately 133,000 silver equivalent ounces, compared to 126,000 payable AgEq oz generated and 139,000 AgEq oz sold in the first quarter 2015
SciVac, which is partially owned by Opko Health, Inc., recently became a public entity and began trading on the Toronto Stock Exchange.
Solitario Exploration & Royalty Corp. is pleased to announce that it has extended the expiry date of its US$5.0 million secured credit facility agreement with RMB Australia Holdings Limited dated August 10, 2012. The expiry date of the Facility was extended to allow for any additional time that may be necessary to close the previously announced sale of Solitarios 80% membership interest in the Mt. Hamilton project to Waterton Nevada Splitter, LLC, a wholly-owned subsidiary of Waterton Precious Metals Fund II Cayman, LP for US$24.0 million.
Despite lower silver prices, we continue to advance growth projects like San Sebastian and #4 Shaft at Lucky Friday for their potential to increase production of high-grade ounces at low cash costs, after by-product credits, said Phillips S. Baker, Jr., Heclas President and CEO. Our assets, particularly Greens Creek with its recent improvements in recovery, have allowed us to weather the metals price weakness, and we retain the ability to reduce costs and programs if prices remain weak or go lower. With expected mining at San Sebastian early in 2016, and, combined with the deeper Lucky Friday in three years, we anticipate the addition of significant additional cash flow, further strengthening us going forward.
Endeavour CEO Bradford Cooke commented, “Our strong operational and financial performance in the Second Quarter, notwithstanding lower metal prices, allowed us to add $9.5 million in net cash to the balance sheet. We are also on track to meet our production guidance and beat cash cost and AIS cost guidance for 2015.
Primero Mining Corp. is pleased to announce that it has been reinstated to the import and export registries in Mexico and that normal course imports and exports have resumed for its San Dimas mine located in Durango State, Mexico.
El objetivo del plan de derechos es proteger a los accionistas frente a las estrategias de compra coactivas y dar al consejo de dirección el tiempo adecuado para identificar, desarrollar y negociar estrategias alternativas en respuesta a cualquier licitación de compra no solicitada realizada por medio de las acciones ordinarias de AuRico Metals sin una presión indebida…
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