“Our Q3 2019 production results, while lower compared to the same period in 2018, were in line with our internal expectations and output remained similar to the first two quarters of 2019. This quarter’s increase in throughput and recoveries are very encouraging and are attributed to the hard work and efforts by our team in Mexico,” said David Wolfin, Avino’s President and CEO.
Alien Metals Ltd, the AIM quoted mineral exploration and development company, announces that James Cable, non-executive director, has advised Alien Metals of the following disclosure required in accordance with AIM Rule 17 and paragraph g of Schedule 2 of the AIM Rules.
“Total production increased 4% quarter over quarter due to higher grades and recoveries at both our Santa Elena and La Encantada operations,” said Keith Neumeyer, President and CEO. “At La Encantada, silver recoveries averaged 82%, making it the highest recovery rate since owning this operation, following successful plant modifications to optimize ore handling and processing. In addition to higher recoveries, silver grades at La Encantada increased 59% pushing silver production to the highest level since 2014. Production at Santa Elena also reached a new record as higher gold grades were produced from the Main Vein and overall higher metallurgical recoveries were achieved following the start-up of the new HIG mill. This new mill is proving to be a major asset for this operation and I would like to recognize our projects and innovations team for a job well done.”
Net proceeds of the Private Placement will be used to advance exploration of the Columba Silver Project in Chihuahua State, Mexico, and to fund further work at Copalito, La Cigarra and other projects as well as for general working capital purposes.
Candelaria Mining Corp. is pleased to provide an update on a private placement previously announced on December 21, 2018 and March 8, 2019. The Company would like to state that the private placement has been discontinued due to unfavorable market conditions.
Igor Gonzales, President and CEO of Sierra Metals commented:“The Company continues to strengthen its performance in 2019 achieving record quarterly consolidated equivalent metal production in the third quarter…”
“Based on this updated guidance we are still projecting to deliver growth in production relative to the third quarter of 2019. Our first priority is to take all necessary steps to ensure the safety of our employees and contractors at the Tucano Gold Mine while working diligently to minimize the impact to short-term and medium-term production,” stated James Bannantine, President & CEO.
Alamos Gold Inc. today reported that it has suspended all construction activities on its Kirazlı project pending the renewal of its Turkish mining concessions which expired on October 13, 2019. Although the mining concessions have not been revoked and can be renewed following this expiration date, no further construction activities can be completed until the concessions have been renewed.
As we move forward and progress as a company, we are avoiding past problems and heading towards a prosperous road with valuable knowledge and experience gained.
Effective at the opening on October 17, 2019 , the common shares of Boundary Gold and Copper Mining Ltd. will commence trading on TSX Venture Exchange, and the common shares of Prize Mining Corporation will be delisted. The Company is classified as an ‘Exploration/Development’ company.
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