Category: Investor’s Corner

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.

Michael Burns, President & CEO of Pioneer Exploration Consultants commented, “The management of Alta Vista Ventures forward thinking business plan is the perfect fit for our fast growing UAV business. The shareholders of Pioneer look forward to being strong, long-term supporters of Alta Vista. I look forward to this exciting opportunity to join the growing management team of Alta Vista and to leading the organic growth of Alta Vista’s UAV business.”

Cyprium Mining Corporation is pleased to provide an update on recent financing activities totaling $1,271,810. These financing activities consisted in the successful completion of a private placement of $232,310 and the extension of the maturity date of various loans totaling US $813,750.

VENDOME RESOURCES CORP. announces an increase of $126,000 in its previously announced proposed non-brokered private placement financing for aggregate gross proceeds to the Company of up to $516,000 by issuing a maximum of 55,466,667 units at a price of $0.0075 per unit for maximum proceeds of $416,000, and 13,333,333 “flow-through” shares at a price of $0.0075 per share for maximum proceeds of $100,000. Each of the units will consist of one common share in the capital of the Company and one common share purchase warrant. Each warrant will entitle its holder to purchase one additional common share at an exercise price of $0.01 for a period of 3 years from the closing date of the private placement. There can be no assurance that the Offering will be completed, whether in whole or in part.

Southern Silver Exploration Corp. has announced that further to its recent news releases, the Company’s shares have been approved for listing on the OTCQB Marketplace as of July 18, 2016 and will commenced trading on that exchange. Real-Time Quote Display Service for the company’s US symbol will be available at: http://www.otcmarkets.com/stock/SSVFF/quote. The Company also maintains listings on the TSX.Venture Exchange in Canada, (SSV), the Frankfurt Exchange in Europe (SEG1) and the Santiago Exchange in Chile (SSVCL).