Golden Minerals Company announces results of mining activities for the second quarter 2015 of approximately 125,000 ounces of payable silver equivalent, in line with the first quarter 2015.
Pete Dougherty, Argonaut Golds President and CEO, said I am pleased with the progress at all of our properties as we advanced production and exploration efforts. We built a strong cash position during the first half of the year which allowed us to make the final payment on the San Agustin property. At June 30, 2015 we had $44 million in cash after investing $22 million into capital projects during the first half of 2015, and making the $23 million payment for San Agustín…”
Fortuna Silver Mines Inc. is pleased to announce second quarter production figures from its two operating mines in Latin America, the San Jose Mine in Mexico and the Caylloma Mine in Peru. The company produced 1.7 million ounces of silver, 9,032 ounces of gold and significant base metal by-products. Silver and gold production for the first six months of the year totaled 3.3 million and 18,771 ounces respectively; reflecting 51 percent and 53 percent of the company’s annual guidance. Fortuna is on schedule to produce 6.5 million ounces of silver and 35.3 thousand ounces of gold or 8.6 million ounces of Ag Eq in 2015.
McEwen Mining Inc. is pleased to announce record quarterly production at the El Gallo Mine in Mexico of 17,325 gold equivalent ounces, 15% above guidance for the quarter. On a consolidated basis, gold production for the quarter was 39,164 gold equivalent ounces.
Telson Resources Inc. is pleased to announce the signing of an Agreement with Reyna Minas, S.A. de C.V. a private Mexican mining group focused on the acquisition and development of mining projects in Mexico. The Agreement replaces a Letter of Intent signed between the parties on April 15, 2015. The Agreement and proposed transaction will take the form of a corporate restructuring, whereby upon full implementation, the Investors will acquire a minimum CAD$2,000,000 worth of Units of Telson and Telson will consolidate its share capital on substantially the terms and conditions described herein.
Mark Brennan, President and CEO of Sierra Metals, commented: “We are very pleased that the Company has had record total silver equivalent production and silver production for a second consecutive quarter, in addition to record ore throughput. The quality of our assets, operated by our skilled teams, enables us to continue on the path towards meeting 2015 production guidance.
“Great Panther’s quarterly metal production exceeded one million silver equivalent ounces for the first time, including individual records for silver and gold production,” stated Robert Archer, President & CEO. “While the ramp up in production at San Ignacio since commencing commercial production in June 2014 is a major factor in the increase in production over Q2 of last year, we continue to make changes necessary to adapt to the current metal price environment and the result has been an improvement in ore grades and overall efficiencies…”
Cortez Gold Corp. advises that as a result of a review by the British Columbia Securities Commission it is issuing the following news release to clarify certain prior disclosure.
Levon Resources Ltd. is pleased to announce that the common shares of Levon have commenced trading on the Toronto Stock Exchange under the stock symbol “LVN” following the completion of the previously announced plan of arrangement involving SciVac Therapeutics Inc., SciVac Ltd. and the Company dated March 19, 2015. The Company has 119,542,711 Common Shares outstanding as of July 14, 2015. The Company also announced its intention to have the Common Shares quoted on the OTCQX in the United States. A further announcement will be made on such listing being obtained.
After five years as President and CEO, John Smith has made a decision to retire and return to Australia. After an extensive international search the Board has appointed Paul Benson as President and CEO effective August 1, 2015. John will continue in his role until July 31, 2015 and will be available as an advisor to Paul and the Board untilDecember 31, 2015.
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