SilverCrest Metals Inc. is pleased to announce the promotions of Stephany (Rosy) Fier to the position of Vice President, Exploration & Technical Services and Nicholas Campbell as Executive Vice President, Business Development for the Company.
Minera Alamos Inc. cordially invites you to visit with Company representatives at Booth #838 at the Vancouver Resource Investment Conference (VRIC) to be held at the Vancouver Convention Centre West (1055 Canada Place, Vancouver) on Sunday, January 20th Monday, January 21st, 2019.
First Majestic had a record year in 2018 producing 22.2 million silver equivalent ounces following the successful acquisition and integration of the San Dimas Silver/Gold mine, said Keith Neumeyer, President & CEO. The addition of San Dimas effectively doubled our production profile and total Mexican workforce overnight. Unfortunately, due to falling silver prices in the second half of 2018, we needed to implement various cost cutting measures including placing the La Guitarra mine on care and maintenance, reducing our workforce by approximately 15%, and scaling back capital investments by approximately 20%. These cost cutting measures have been successful and we remain focused on improving margins and will continue to react further if necessary.
GOLDCORP INC. is pleased to report gold production for the fourth quarter of 630,000 ounces, which was a 25% increase from the third quarter of 2018 and exceeded previously stated guidance. Production for the year ended 2018 was 2,294,000 ounces. All-in sustaining costs for the full year are expected to be at the revised guidance of $850 per ounce. Goldcorp’s complete 2018 financial results will be released on February 13, 2019.
Pan American Silver Corp. is pleased to announce that Tahoe Resources Inc. today received a final order of the Supreme Court of British Columbia approving the previously announced plan of arrangement pursuant to which Pan American will acquire all of the issued and outstanding shares of Tahoe.
La empresa opera en siete minas y se tienen dos proyectos en desarrollo y además de una importante cartera de planes para expansión. De estas siete, Minera Fresnillo es de las de actividad más importante en el país y forma parte de una tradición minera de más de 500 años en México.
New Gold Inc. announces the resignation of Mr. James Estey from the Board of Directors.
Bradford Cooke, CEO, commented, “All in all, 2018 was quite a transition year for Endeavour Silver. We saw improved performance from El Cubo, but declining performance at Bolañitos, where new mineralized zones were discovered and at Guanaceví, where two new orebodies are being developed. The new El Compas mine completed its initial mine development but plant commissioning issues have delayed production. In October, Nick Shakesby was appointed new VP Operations to help make a positive difference in our mining operations.
Total production from continuing operations totalled 19,200 tonnes (42.3 Mlbs) and 70,400 tonnes (155.2 Mlbs) of copper in the fourth quarter and full year 2018, respectively, in line with the Company’s guidance of between 67,450 to 74,550 tonnes of copper production.
The Board of Directors and management teams of both companies are pleased that our shareholders overwhelmingly supported this Transaction and would like to thank them for their continuing support, said Darren Blasutti, President and Chief Executive Officer of Americas Silver. Today marks another important step forward toward our goal of creating a profitable, low?cost precious metal company. Upon closing of the Transaction, we will be focused on advancing the next phase of the combined companys growth by financing and bringing the low-capital, high-return Relief Canyon Mine into production.
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