Category: Investor’s Corner

Candelaria Mining Corp. is pleased to announce the completion of the acquisition of the Caballo Blanco Gold Project in Veracruz, Mexico from Molimentales Del Noroeste, SA de CV, a subsidiary of Timmins Gold Corp. Pursuant to the terms of the agreement, Candelaria has made a final payment of US$3.154 million to Timmins to acquire the Caballo Blanco Gold Project and deferred a US$2.5 million payment to be made at the earlier occurrence of the Company receiving permits or June 24, 2017, secured by a promissory note and security interest. The Company has also assumed US$5 million in liabilities in exchange for the project and all related rights and assets.

Timmins Gold Corp. is pleased to announce the completion of the sale of the Caballo Blanco Gold Project in Veracruz, Mexico announced on May 11, 2016 with Candelaria Mining Inc.

Defiance Silver Corp. is pleased to announce that Peter J. Hawley, BSc, BEng, PGeo. has joined Defiance as a Director and Chairman of the Board.

The net proceeds of the Private Placement will be used by Silver Bull for general working capital purposes and exploration of the Sierra Mojada Project. The Company has agreed to pay an aggregate cash commission of CDN$30,060, in addition to an aggregate of 200,400 non-transferable common share purchase warrants to a broker. Each Placement Agent’s Warrant entitles the holder thereof to acquire one Common Share until the date that is two years following closing of the Private Placement at CDN$0.205 and is subject to the acceleration provision noted above.

México tiene nuevos proyectos de producción de plata por más de 1,665 millones de dólares con fecha de inicio entre el 2016 y 2019, informó la Cámara Minera de México (Camimex).

La compañía, que extrae plata y oro de seis minas en México, dijo que espera producir 850.000-870.000 onzas de oro este año, en comparación con un pronóstico anterior de 775.000-790.000 onzas.

“During the second quarter at the Rosario Mine we experienced some equipment issues that were resolved by quarter’s end, resulting in a slight production reduction. Going forward such equipment issues are not expected to be a factor given the recent improvement in our working capital.” stated Arturo Préstamo, CEO of Santacruz adding, “At the Veta Grande Mine production and mine development improved significantly by quarter’s end with the recent addition of a new jumbo drill and underground haulage equipment.”

La minería tuvo en 2015 uno de sus peores años; algunos analistas lo compararon con las crisis financiera mundial de 2008 y la asiática de 1997, al considerar que los precios de los metales fueron a la baja. El fierro cayó a su nivel más bajo desde mayo de 2009 – 40 dólares por tonelada -, el oro 8 por ciento, la plata 18 por ciento y el cobre 20 por ciento.

J. Duane Poliquin, chairman of Almaden commented: “We are gratified by the continued support of our shareholders. With this improved treasury, Almaden is well positioned to rapidly advance the pre-feasibility program, as we move Ixtaca towards a production decision, and continue the exploration drilling program which will be testing both regional and near resource targets.”

Sierra Metals Inc. reports second quarter production results featuring record mine ore throughput for the Company as well as at its Bolivar and Cusi Mines in Mexico and continued improvement at the Yauricocha Mine, with an increase in both ore throughput and metal production in Q2 2016 versus the two previous quarters.