Jaw Crusher arrives at the Santa Elena mine

Mexus Gold US. CEO Paul Thompson visited the Santa Elena mine on May 26th. During the visit he was able to witness the much anticipated arrival of the 4230 jaw crusher. As previously announced, this jaw crusher will enable the mine to increase production to 10,000 tons per day when operating at full capacity. It is expected that this increase in production will occur gradually as the machines performance is perfected. “Getting the jaw crusher on site is big deal to our mine operator and our shareholder base. I was thrilled to see the machine up close and getting readied for production,” added CEO Paul Thompson.

Prospero Provides Drill Update

Prospero has selected a drill contractor for its planned 6,000m program on three projects. Drilling is scheduled to begin in late June. Prospero will first drill 4 holes at its Matorral project in the Santa Maria del Oro camp. The plan is then to drill 8 holes at its Petate project followed by 8 holes at Pachuca SE- project descriptions below. This drilling program is under the terms of Prospero’s strategic agreement with Fortuna Silver Mines. Drill collar maps for Matorral will be available shortly on Prospero’s website.

Santacruz Silver Acquires Five-Year Exclusive Right to Explore, Develop and Mine the Membrillo Silver-Zinc Vein from Grupo Mexico

Santacruz Silver Mining Ltd. announced today that its wholly-owned subsidiary, Impulsora Minera Santacruz S.A. de C.V., has entered into an agreement with Grupo Mexico pursuant to which the Company has acquired the exclusive right for five years to explore, develop and mine the Membrillo silver-zinc-lead-gold vein structure situated approximately four km from the Company’s Rosario Project mill facility located near Charcas, San Luis Potosi, Mexico. The Exclusive Mining Right covers an area of approximately 500 hectares situated within the San Rafael concession. This brings the total area of the Company’s exploration and exploitation rights to approximately 958 hectares of the 2912 hectares comprising the San Rafael concession.

Avino Files Technical Report On Sedar

Highlights of the Oxide Tailings Preliminary Economic Assessment

Significant pre-tax NPV8% of US$40.5 million
Attractive pre-tax IRR of 48.4%
2 year pay-back period
Total capital expenditures of US$28.5 million
7 year mine life with LOM of 3.12 million tonnes of oxide tailings material

IMPACT Silver Announces First Quarter 2017 Financial and Production Results

Fred Davidson, President and CEO, stated, “We started 2017 with a clean balance sheet and no debt along with news that IMPACT was named to the 2017 TSX Venture 50. Operationally, revenues increased by 22% to $4.6 million in Q1-2017 from $3.8 million. The Company continues to improve its mine operating earnings, achieving income of $0.5 million in Q1-2017 compared to $0.3 million in Q1-2016. Earnings before interest, taxes, depreciation and amortization (EBITDA) improved to $0.3 million in Q1-2017 from $0.2 million in Q1-2016. While we cannot control the price of silver, we are committed to maximizing efficiencies and cost control through managing our operations in a disciplined manner. Building on a successful 2016, we have ongoing exploration plans at high potential targets and continue to evaluate strategic transactions to continue growing value for our shareholders.”

Vienen nuevos proyectos mineros este año

Para 2017, se prevé el arranque de al menos 8 proyectos mineros, cuatro de ellos son de oro, tres por plata, y uno de cobre, de acuerdo con datos de la Cámara Minera de México (Camimex).

Mexican Gold Announces Board Changes

MEXICAN GOLD CORP. is pleased to announce the appointments of Mr. Ali Zamani as Chairman of the Board of Directors and Mr. John Anderson as Director, effective immediately. Mr. Zamani replaces Mr. Brian Robertson who continues in his role as President and CEO.

Mexican Gold Corp. Engages Paradox to Provide Investor Relations Services

MEXICAN GOLD CORP. is pleased to announce that it has entered into an investor relations agreement with Relations Publiques Paradox Inc. pursuant to which Paradox will focus on developing and expanding the Company’s communications with the investment community through a comprehensive investor relations program. Services to be provided to the Company will include increasing visibility towards the financial community by direct introduction, marketing to the investment community to identify potential investors, use of Paradox’s proprietary database and contacts for marketing purposes, organizing presentations with interested parties, e-mail distribution of news and articles to Paradox’s investor network and handling of incoming calls from shareholders and potential investors.

All News