Silver Bull Resources, Inc. announces the expiry of common share purchase warrants issued by the Company on May 19, 2016, June 3, 2016 and June 29, 2016, and exercise of 3,120,000 Warrants prior to their expiration for gross proceeds of CDN$499,200.
Rare Earth Mineral Plc has agreed to acquire a further 4.5 million existing ordinary shares in Bacanora Minerals Ltd for a consideration of £4.5 million [via an on market transaction]. Completion is due by the end of the month.
“Charlie will be a tremendous addition to our Board of Directors,” said Ian Telfer, Chairman of the Board of Goldcorp. “His technical knowledge and operational experience will be invaluable as we continue to optimize our portfolio and advance our organic pipeline.”
“I am exceptionally pleased with the results achieved by our Black Fox and San Dimas exploration teams,” stated Ernest Mast, President and Chief Executive Officer. “At Black Fox, the Deep Central Zone is now delivering production ore and we have successfully identified additional high-grade mineralization to the west. At San Dimas, it is reassuring to see that our high-grade veins can continue to be extended with similar or greater widths than currently being mined. And as we look regionally at San Dimas, onto our concession not covered by the Silver Purchase Agreement I am optimistic about the initial results from the Causitas vein which has the potential to augment current mill feed given its proximity to an existing main road. The Causitas area, located in the Lechuguilla concession, is highly prospective and I look forward to announcing additional exploration results from a drilling program from this area before year-end.”
La producción minera de oro en nuestro país reportó un crecimiento de 14.4 por ciento en 2015 con respecto a 2014, alcanzando un total de 4.3 millones de onzas. Este volumen es cinco veces más del correspondiente a 2001 (756 mil onzas), permitiendo que México se mantenga entre los ocho principales países productores de oro en el mundo, según informes revelados por la Cámara Minera de México (Camimex).
At the Meeting, the shareholders approved:
the re-election as directors of the Company of all of the nominees listed in the Circular; and
the re-appointment of Smythe Ratcliffe as the Company’s auditors.
Mr. Davila commented: I have made the decision to resign due to the fact that I have accepted a position as the new Minister of Economic Development for the State of Durango in Mexico. I look forward to continuing my support for the mining industry in this new senior position within the government for the benefit of both Durango and Mexico. I would like to thank the Board of Directors, management and the shareholders of First Majestic for their continuous support.
The net proceeds from the Offering will be used by Prospero to advance Prospero’s existing project portfolio to drill-ready status, to expand the project portfolio by possible new acquisitions, and for general working capital purposes. Strategic joint ventures will also be sought.
We continue to report positive cash flow, said Robert Eadie, President of the Company, and the improved market for metal prices and our ability to keep costs per ounce low have allowed us to report a profit this quarter despite lower equivalent gold production for the quarter.
Mr. Lujan is a Geological and Mining Engineer with over 26 years international experience in mineral exploration with a positive track record for increasing companies’ resources, output and company value. Mr. Lujan most recently spent 6 years with Mata-Trafigura as the General Manger having been promoted from Exploration and Operations Manager. While there he oversaw the discovery and commissioning of the Magdelana Project with potential for 50 million tonnes within 2 years and helped to double production as well as optimize and reduced costs. Prior to that he worked with Hochschild Mining for 5 years and Minas de Bacis SA de CV for 14 years where he helped to also increase resources, increase output and reduce costs.
Mexico Mining Center © 2021 / All Rights Reserved
