First Quantum Minerals Ltd. today announced that the nominees listed in its Management Information Circular for the 2015 Annual General Meeting of Shareholders were elected as directors of First Quantum.
“The Company delivered solid results for the first quarter of 2015,” stated Gold Resource Corporation’s CEO and President, Mr. Jason Reid. “Even with precious metal prices down significantly year over year, operations generated net income of $5.1 million, or $0.09 per share for the quarter. The Company is still focused on cost cutting measures and the benefit of these is evident as total cash cost per ounce AuEq was $416 for the quarter. The Company remains on track to meet its annual production outlook of 80,000 to 90,000 ounces of precious metal gold equivalent at a 64.1 to 1 ratio.”
Argonaut Gold Inc. is pleased to announce the results of its annual and special meeting of shareholders held May 5, 2015.
Jorge A. Ganoza, President and CEO, commented, “We have made an excellent start to the year operating well within our production and cost guidance and look forward to a year of execution on our key expansion project at the San Jose mine.” Mr. Ganoza continued, “On March 30th we announced the expansion our credit facility to $60 million giving us access to liquidity of over $130 million, providing significant additional financial flexibility in this period of growth for the Company.”
SilverCrest Mines Inc. is pleased to announce initial results of its accelerated underground exploration of the El Cholugo Zone located immediately adjacent to the Main Mineralized Zone currently in production at the Santa Elena Mine, Sonora, Mexico. SilverCrest’s recently released technical report titled, “Update to Santa Elena Pre-Feasibility Study, Sonora, Mexico”, contemplated the exploration and development of El Cholugo in 2016. However, the high gold and silver grades over significant widths and lateral dimensions encountered underground has led the Company to accelerate exploration and development of the Zone with the view to its inclusion in this year’s (2015) mine plan.
Primero Mining Corp. announces that yesterday, at its annual general and special meeting of shareholders, all directors nominated as listed in the management information circular dated March 24, 2015 were re-elected.
UC Resources Ltd. announces that, subject to regulatory approval, Sunvault Energy Inc. has agreed to accept shares in the Company as full repayment of past loans in the amount of $80,000 provided by Sunvault to the Company, by the issuance of an aggregate of 1,600,000 common shares of the Company having a deemed value of $0.05 per share…
The chief executive officer of Glencore Plc is pinning the blame for a slump in the value of the mining and trading company that listed four years ago at least in part on the failure of competing commodity producers to comprehend demand and supply.
Source Exploration Corp. is pleased to announce that initial step-out drilling at its Las Minas gold project has linked the flat dipping Eldorado/Juan Bran zone with earlier drilling completed in 2011 further south. The mineralized zone now extends approximately 650 metres down-dip.
“Greens Creek continues to have outstanding performance and Lucky Friday was solid,” saidPhillips S. Baker, Jr., Hecla’s President and CEO. “Casa Berardi produced less gold than last year’s first quarter but we expect production to increase over the remainder of the year and to achieve our guidance. During the first quarter the mines’ performance allowed us to operate within adjusted EBITDA.”
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