Silver Bull Resources, Inc. is pleased to announce it has received notice from South32 that it wishes to maintain its option on the Sierra Mojada Project by funding an additional US$3 million in exploration. This will result in aggregate funding of US$6 million at the completion of the second year of the joint venture option described below.
Las existencias de mineral de hierro en los puertos de China, un indicador clave de la cadena de suministros mundial a medida que el mercado se contrae, podrían llegar a caer hasta los 100 millones de toneladas, según la responsable de la australiana Fortescue Metals Group Ltd., quien pronosticó que la vasta industria siderúrgica de China podría aumentar la producción hasta un 4 por ciento este año.
Our objective at Mercedes during the first quarter was to drive development work necessary to support planned production growth for the remainder of the year stated John Begeman, Executive Chairman of Premier. First quarter production at Mercedes is in line with plan, and we are currently on track to meet annual operating and production related targets.
Camrova Resources Inc. is pleased to announce that the Company has finalized the terms of an asset purchase agreement with Asesoria y Inversiones MAYG SpA to acquire all of the rights and obligations arising from the Slag Agreement. The Company has also completed its third tranche of the Private Placement (as defined herein), raising total proceeds of $73,000. These funds will be used to pay the costs associated with the Asset Purchase Agreement as well as to support general corporate and working capital purposes.
McEwen Mining Inc. is pleased to report its first quarter results for the period ended March 31, 2019. Production during the quarter was 36,315 gold equivalent ounces. The operational challenges we experienced in the first two months of the quarter have largely been resolved. We made progress implementing better mining practices at the Black Fox mine and advanced towards commercial production at the Gold Bar mine. Nevertheless, the temporary production delays at Black Fox and a slower start-up at Gold Bar did lower our revenue in the first quarter, contributing to our consolidated net loss of $10.1 million, or $0.03 per share. Our consolidated production rebounded during the month of April with approximately 16,500 GEOs, and we are back on track to deliver our guidance for 2019.
During the quarter, Plomosas produced 11,267 tonnes of ore, with ramping up of activities achieving a new monthly record of 3,873 tonnes in February, and March mining steady at 3,855 tonnes. Mined grades averaged 10.7% zinc and 2.5% lead, with zinc grades improving through the quarter, achieving 12.4% zinc in March. Lead grades averaged 2.5%, with overall zinc and lead combined grades to increase as the mine stoping operations transitions to higher grade stopes.
New Gold Inc. today announces the voting results from the election of its Board of Directors at New Golds Annual General Meeting of Shareholders held on April 24, 2019 in Toronto, Ontario.
The Cosalá Operations had an excellent quarter mining and processing an average of approximately 1,750 tonnes per operating day, resulting in greater silver and by-product metal production, with lower cash costs and AISC, said Americas Silver President and CEO Darren Blasutti.
Agnico Eagle Mines Limited today announced that, at the annual and special meeting of shareholders held on April 26, 2019, each of the ten nominees listed in the management information circular dated March 12, 2019, were elected as directors of Agnico Eagle.
Actualmente estamos desarrollando la siguiente fase de crecimiento para alcanzar una capacidad de producción de cobre de casi 2 millones de toneladas para el 2027. Esto representa un crecimiento de 76% contra la producción de este año que estimamos sea de 1,127,800 toneladas de cobre.
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