Shares of Golden Minerals shot up after the junior announced it would reopen its Mexico-based Velardena silver-gold mine in July as a leaner and lower cost operation.
Marlin Gold Mining Ltd. is pleased to announce an operating and corporate update. The ramp-up at Marlin’s wholly owned La Trinidad mine in Sinaloa, Mexico continues, with commercial production expected to be reached by the end of the third quarter. Through June 16, 2014, 867,986 tonnes of material have been mined from the Taunus and Bocas pits and 476,508 tonnes of material have been crushed and placed on the leach pad. Gold recoveries and grade reconciliation to the block model are behaving as expected. We are producing gold on a monthly basis, with total gold production and gold in solution to date of 1,892 ounces. As of today our cash balance is approximately $10.15 million with an additional $3.4 million in refundable tax receivables.
Tara Minerals Corp. is pleased to announce that it has closed the acquisition of intellectual property for the preservation and protection of fresh fruit, vegetables and flowers during extended periods of shipping and storage. The mining assets and the newly acquired packaging assets will be held under separate subsidiaries.
Cyprium Mining Corporation announced today that it has commenced drilling on its Las Cristinas property located in Chihuahua State, Mexico. The drilling program which will be carried out in three phases totaling approximately 4,000 meters of drilling will focus on the North Mount and South Mount, a 550 meter long mineralized section located at the southern end of the property where copper production took place in the early 70s.
DynaResource, Inc. is pleased to announce that Mineras de DynaResource S.A. de C.V., the 100% owned subsidiary of DynaUSA and the exclusive operator of the San Jose de Gracia Property in northern Sinaloa, Mexico, is reporting the production and delivery for sale of approximately 511 Oz. gold contained in concentrates (exact weights in gold and silver oz. to be determined at final settlement). MinerasDyna is further reporting the final settlement of the prior sale of 239 Oz. gold at $1,311/Oz.
Scorpio Mining Corporation today announced its development plans for the Cosalá District projects with NI 43-101 compliant resources, namely the El Cajón and San Rafael deposits, both located within trucking distance from its Nuestra Señora processing plant.
Further to its news release of May 14, 2014, Garibaldi Resources Corp. (the “Company” or “Garibaldi”) is pleased to provide this progress report as drilling continues at the Silver Eagle target, Rodadero North in central Sonora State, Mexico. A fourth hole is now under way to test the geometry and dimensions of a promising high-grade, near-surface structure. Pending additional assay results are eagerly anticipated and will be released as they become available.
Amarium Technologies Inc., through its wholly owned subsidiary Amarium Minerals Inc., reports the Company has signed a Letter of Intent to acquire a high-grade copper property in Michoacán, Mexico. This copper property has been previously worked as a smaller scale artisan mine. Due to the prior mining and extensive exploration, management believes there is a sufficiently significant available copper resource at this location to warrant large-scale commercial production. Terms of the pending acquisition have not been disclosed at this time.
SilverCrest Mines Inc. is pleased to provide an update on the commissioning of the new 3,000 tonnes per day milling facility and processing plant and progress of underground development at its 100% owned Santa Elena Mine in Sonora, Mexico. The commissioning of the new mill commenced May 1st, 2014 and it is projected that continuous nameplate production of 3,000 tpd will be achieved by the start of August. Underground development continues with over 4,500 metres completed to date on ramping, ventilation and ore development. For additional information and to view photos and videos of the mill, the processing plant and the mine site, please visit the Company’s website at www.silvercrestmines.com.
Bearing Resources Ltd. announces that Newmont de Mexico, S.A. has provided notice to the Company terminating its option agreement over the Pedro property in Mexico effective July 11, 2014. The Company is still awaiting the results from the recent drill program and will release these drill results in due course.
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