Discovery Metals Corp. is pleased to announce that it has closed its previously announced change of business transaction and has been reclassified as a Tier 2 Mining Issuer on the TSX Venture Exchange.
Jorge A. Ganoza, President, CEO and Director of Fortuna, announces today the appointment of Kylie Dickson to the Board of Directors of the Company.
Santacruz Silver Mining Ltd. reports that further to its news release dated July 28, 2017, the Company announces the closing of a second and final tranche of its non-brokered private placement. The second tranche closing consisted of the issuance of 200,000 units at a price of $0.20 per unit.
Cardero Resource Corp. reports the resignation of Henk van Alpen as President and CEO and the appointment of Stuart R. Ross as President and CEO with immediate effect. Mr. van Alphen will remain as a director of the Company.
Southern Silver Exploration Corp reported today that the Company has received approval from the TSX Venture Exchange to extend the final closing date of its previously announced brokered private placement until September 15th, 2017. As announced on June 13th, 2017, the Company has already closed the first tranche of the Offering by issuing 6,372,500 units for a total of $2,549,000.
Starcore International Mines Ltd. announces production results for the first quarter of fiscal 2018, ended July 31, 2017, at its San Martin Mine in Queretaro, Mexico and the Altiplano Gold Silver Processing Facility in Matehuala, Mexico.
GREAT PANTHER SILVER LIMITED announces the appointments of Matthew Wunder as Vice President Exploration and Brian Peer as Vice President Operations, Mexico. While Mr. Wunder has already joined the Company, Mr. Peer’s appointment will be effective on August 20th.
“Sierra Metals has again delivered value and growth in the second quarter with a respectable financial performance”, commented Igor Gonzales, President and CEO of Sierra Metals. “The Company saw increases in revenue, cashflow and adjusted EBITDA over the same quarter in 2016. The continued solid performance is attributable to the successful operational improvements program at the Yauricocha Mine, continued development of new higher-grade ore zones at Bolivar and the reinterpretation of geology and development of the Santa Rosa de Lima zone at the Cusi Mine which promises to drive increased grade and tonnage in the future.”
Jorge A. Ganoza, President and CEO, commented, Our San Jose and Caylloma mines have delivered strong production and financial results. Higher operating costs at both operations are expected to recede in the second half of the year and remain within 5% of our annual cost guidance. Mr. Ganoza continued, At our Lindero gold project in Argentina, feasibility study optimization work continues to advance as planned in order to support a construction decision next month.
GoGold Resources Inc. announces the release of financial results for the quarter ending June 30, 2017. Revenue attributed to the Parral tailings project was $4.65 million (of total revenue of $5.02 million) on the sale of 286,063 silver equivalent ounces at a cash cost of $9.61 per silver equivalent ounce (including Santa Gertrudis high-grade, total sales were 310,833 silver equivalent ounces at a cash cost of $16.20 per ounce) (all amounts are in U.S. dollars).
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