McEwen Mining Inc. is pleased to announce that it has increased its production guidance for 2015 to 150,000 gold equivalent ounces from 138,000. This increase is the result of higher grades and better recoveries at our El Gallo Mine. The El Gallo Mine is now forecast to produce 62,000 gold equivalent ounces in 2015, versus the earlier guidance of 50,000.
Mexus Gold US reaffirmed that the agreement with Argonaut Gold Inc. has been completed in both the US and Mexico. “Relinquishing control of the Julio/Martha Elena property to Argonaut has allowed Mexus to focus on its other properties and ventures,” added CEO Paul Thompson. The company is currently reviewing all of its Mexican properties and is considering offers to do a Joint Venture similar to the deal at the Santa Elena/Julio.
“As copper prices continue to deteriorate, we have looked at a range of actions to preserve our financial flexibility. We have taken the steps we outlined with our initial 2015 guidance to reduce our overall capital expenditures and have reduced operating costs in order to enhance our financial position and provide sufficient liquidity to execute our operating plan in the current market environment. This includes reducing and deferring capital expenditures at our operating mines, suspending all work on the Santo Domingo project, eliminating non-essential operating and general and administrative expenses and reducing exploration expenditures,” said Darren Pylot, President and CEO of Capstone.
GOLDCORP INC. is pleased to declare its ninth monthly dividend payment for 2015 of $0.02 per share. Shareholders of record at the close of business on Thursday, September 17, 2015 will be entitled to receive payment of this dividend on Friday, September 25, 2015.
Quaterra Resources Inc. today announced that Steven Dischler has resigned as President and CEO and as a director of the Company for personal reasons. Thomas Patton, Chairman of the Board of Directors, will assume the role of President and CEO of the Company.
Further to its press release of August 11, 2015 announcing a proposed debt settlement through the issuance of shares, Starcore International Mines Ltd. announces that it has issued 15,972,810 Subscription Receipts, in full and complete settlement of outstanding debt as at July 31, 2015 in the aggregate amount of US$1,725,371.91 owed to certain creditors. The Receipts were issued at a deemed price of $0.14 per Receipt.
Tesla Motors Inc., long known for its ability to keep its buzz machine churning, gave lithium investors something to get excited about this weekend. On Friday, Bacanora Minerals Ltd. and Rare Earth Minerals Plc, owners of the Sonora Lithium Project, announced that they had finalized a conditional, long-term lithium hydroxide supply agreement with the car and battery giant.
Photographic Report El Limon – Guajes
Shares in Gold Canyon Resources (CVE:GCU) and PC Gold (CVE:PKL) shot up on Tuesday massive trading volumes, after announcing that First Mining Finance Corp. (CVE:FF) will be acquiring all the shares of both explorers.
Arian Silver Corporation, a silver mining company focussed on silver projects in the silver belt of Zacatecas, Mexico, announces that Oliver Rodz and David Laing have each resigned from the Board with immediate effect.
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