Coeur Mining Reports Q3 2016 Results

“We achieved a number of significant milestones during the third quarter despite lower production relative to the second quarter. Our quarterly earnings more than doubled, free cash flow increased 20% quarter-over-quarter and LTM adjusted EBITDA has now risen above $200 million – up from $96 million just 15 months ago. Importantly, we are well-positioned for a strong fourth quarter at each of our five operations,” said Mitchell J. Krebs, Coeur’s President and Chief Executive Officer.

Goldcorp Reports Third Quarter 2016 Results and Reconfirms Production and Cost Guidance

“Improved performance from our flagship Peñasquito mine and low all-in sustaining costs drove a third quarter that generated solid financial results, as we begin to see the benefits to the bottom line of our program to realize $250 millionin sustainable annual efficiencies from our existing business,” said David Garofalo, Goldcorp President and Chief Executive Officer. “The value of our diversified portfolio in prolific mining camps was also evident with the definition of the new 5.4 million ounce Dome Century open pit resource in our 105 year-old Porcupine mining camp, which has the potential to substantially grow gold production.”

Capstone Mining Reports Third Quarter Net Income of $11.2 Million

“Operating performance in the third quarter continued to be very strong, setting throughput records at both Pinto Valley and Minto,” said Darren Pylot, President and CEO of Capstone. “In addition, we received the benefit from a full quarter of processing high grade Minto North ore.”

KOOTENAY ANNOUNCES RESULTS FROM FIRST 11 HOLES OF DRILL PROGRAM ON LA NEGRA BEING CONDUCTED AND OPERATED BY PAN AMERICAN SILVER CORP. Highlights Include 363 gpt Silver over 44.5 Meters including 720 gpt Silver over 19 Meters

Kootenay President and CEO James McDonald states: “We are very pleased with Pan American’s work and the results to date from the first 11 holes of the program. The confirmation of multiple high-grade intercepts of silver mineralization at depth is a significant development and further indicates potential for the silver resources to be amenable to both open pit and underground exploitation. We are also very pleased that based on the encouraging results achieved to date, Pan American is extending the program by a full 2,000 meters until the end of the year.”

MX Gold Corp. Acquires Near Term Gold Production in Mexico

MX Gold Corp. is pleased to announce a binding agreement with Gracepoint Mining Corp., a subsidiary of Firma Holdings Corp. to acquire a 50% interest in the Magistral, Del Oro tailings project, which is located within the “Golden Triangle” in Santa Maria Del Oro, Durango, Mexico.

Almadex Confirms Gold-Rich Porphyry System at Norte Target, El Cobre Project, Mexico, Hits 218.00 Meters of 0.70 g/t Gold and 0.28% Copper Including 80.50 Meters of 1.34 g/t Gold and 0.46% Copper

Almadex Chairman, J. Duane Poliquin commented, “These results further show the potential of the El Cobre project to host a significant gold-rich porphyry system. The Norte zone is one of four well defined porphyry centres within a very large zone of porphyry related alteration. We look forward to following up this exciting intercept with further results from our ongoing aggressive drill program focused on the goal of defining a new gold-copper resource in Mexico.”

Alix and Lithium Australia Announce Definitive Agreement

Alix Resources Corp. and Lithium Australia updated the market on their progress at their Electra Project in Sonora, Mexico. Sonora is Mexico’s second largest state and the project is located to the northwest of the country.

All News