Goldgroup Mourns Passing of Board Member
January 30, 2017
Goldgroup Mining Inc. announces David Laurence Ingram, a member of its Board of Directors, passed away at the age of 76.
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Goldgroup Mining Inc. announces David Laurence Ingram, a member of its Board of Directors, passed away at the age of 76.
Gold Resource Corporation is saddened to report that an employee was fatally injured at its Arista Mine in Oaxaca, Mexico on January 29, 2017. The accident involved the operation of heavy equipment inside the mine.
We are very excited for our investors as the San Rafael Project is developed and transitions into production this year. The transition will prove to be a significant catalyst for our share price as it will drive our consolidated costs lower to silver?industry, first quartile, cash costs and all?in sustaining costs, and create considerable free cash flow. This is an accomplishment which neither of the predecessor companies ever envisioned, said Darren Blasutti, President and CEO of Americas Silver Corporation. Though 2016 silver and silver equivalent production was slightly below guidance, the Company was able to maintain its pattern of cost control and benefitted from higher by?product metal prices.
McEwen has said that Don McEwen, his father, was his inspiration in life.
Warren Rehn, President and Chief Executive Officer of Golden Minerals, commented, The mill grade resource of about 50,000 gold equivalent ounces has the potential to provide us with more than two years of feed for our Velardeña oxide plant. This could be an important replacement to the Companys current cash flow from the mill starting in 2019 after the Hecla lease expires, assuming positive economic results from our ongoing studies of the Rodeo deposit.
Bacanora Minerals Ltds non-executive director, Kiran Morzaria, has stepped down from his position with immediate effect to pursue other business interests.
Thomas Atkins, President and CEO of Mammoth commented on the results from this program stating: “We’re pleased with the results from the PIMA-XRD survey. These results provide us with improved recognition of areas within the larger 15 square kilometer area of precious metal mineralization that would appear to be nearer more intense hydrothermal activity. The model for a High Sulphidation precious metal system, as is believed to exist at Tenoriba, suggests that the nearer the source of hydrothermal activity, the nearer one is to identifying the sources of the precious metal mineralization on the property. The results of this program combined with additional indications hydrothermal activity such as hydrothermal breccias, intense silicification and vuggy silica, associated with favourable geochemistry and precious metal mineralization, reinforces and helps better define the most likely source of the mineralization on the property….
Alamos Gold Inc. today announced that it has entered into an agreement with a syndicate of underwriters led by TD Securities Inc., BMO Capital Markets and Macquarie Capital Markets Canada Ltd., pursuant to which they have agreed to purchase, on a bought deal basis, 31,450,000 common shares of the Company at a price of US$7.95 per common share, for aggregate gross proceeds to the Company of approximately US$250 million. The underwriters will also have the option, exercisable in whole or in part, at any time up to 30 days following the closing of the Offering, to purchase up to an additional 4,717,500 common shares at the Offering Price to cover over-allotments, if any. In the event that the option is exercised in its entirety, the aggregate gross proceeds of the Offering to the Company will be approximately US$288 million.
Marlin Gold Mining Ltd. is pleased to announce that due to record free cash flow generated from its wholly owned La Trinidad mine in Sinaloa, Mexico, the Company has repaid US$5.5 million of principal one year early from its unsecured facility to affiliates of Wexford Capital LP, Marlins controlling shareholder.
“Me complace informar que Fresnillo plc ha logrado una producción récord en 2016, habiendo producido 50.3 millones de onzas de plata y 935 mil de oro. El exitoso incremento de San Julián (fase I) fue la razón principal del aumento de 7 por ciento en la producción anual de plata, aunque los mayores grados de plata en Ciénega y Fresnillo también contribuyeron al aumento de la producción”, destacó el CEO.
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