McEwen Mining Inc. reports gold production increased 23% and silver production decreased 10% in Q1 2015 vs Q1 2014. Gold and silver recoveries were artificially low as a result of the recent gold theft and will return to normal in Q2. Production costs for Q1 2015 will be reported with the quarterly financial results in early May 2015.
Alta Vista Ventures Ltd. is pleased to report that all resolutions were passed at its Annual General Meeting held on April 15, 2015. The Board of Directors and management would like to thank all shareholders for their continued support and confidence.
Commenting on the Facility, Rob Doyle, Chief Financial Officer, said, “I am very pleased with the positive response that we have received from such a strong banking syndicate. The ability to borrow US$300 million adds further to our already healthy liquidity position and bolsters our financial strength and flexibility, which will allow us to quickly respond to our future funding needs, whether it be for organic growth projects or for future business development opportunities that may arise.”
Pete Dougherty, Argonaut Golds President and CEO, said Argonaut continued to have strong production in the first quarter of 2015, in which we produced nearly 31% of the full year production guidance. We continue to see the benefits of operating at a higher cyanide concentration in the circuit, by way of improved recoveries.
“Great Panther’s mines had an excellent start to the year, setting several new records for metal produced and ore processed, and putting us on-track to meet our annual guidance”, stated Robert Archer , President & CEO. “These records primarily reflect the continuing ramp-up at San Ignacio as well as a 17% quarter-over-quarter increase in metal production at Topia….
During the first quarter 2015, Golden Minerals generated concentrates containing approximately 94,000 payable ounces of silver and 460 payable ounces of gold, totaling 126,000 payable ounces of silver equivalents…
It’s been a busy twelve months on the acquisition front for Agnico Eagle Mines and the company continued its drive on April 10 with a $32-million bid for Toronto-based explorer Soltoro.
Mr. Kevin Drover, President & CEO stated, “Cost reduction has been our focus during 2014, yet our team has achieved the best year ever in silver production reaching 3.7 million ounces of silver equivalent for 2014. La Negra is positioned for growth and working toward becoming one of the lowest cost silver producers.
El Tigre Silver Corp. is pleased to announce the appointment of Carl Rosenau to the Company’s Board of Directors effective immediately.
Sierra Metals Inc. is pleased to announce the appointment of Mark Brennan as President and Chief Executive Officer, effective April 13, 2015. Mr. Brennan is replacing Sierra Metals’ former President and CEO, Audra Walsh, whose resignation was announced earlier today. In conjunction with his appointment as President and CEO, Mr. Brennan will also be joining the Company’s Board of Directors effective immediately.
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