First Majestic Reports First Quarter Financial Results

“Profit margins increased in the first quarter due to additional cost savings and various operational improvements across the business,” stated Keith Neumeyer, President and CEO of First Majestic. “Even with relatively flat silver prices compared to the previous quarter, we generated strong free cash flow due to lower operating costs and higher production at the mines. Our new mine, Santa Elena, had another great quarter and continues to exceed our expectations. Due to the significant cash flows now coming into the business combined with the recently announced C$50 million financing, we are beginning to evaluate internal growth projects, starting with increasing development and exploration at each of our operations in the coming quarters.”

Telson Resources Inc. Signs Long Term Land Use Agreement at Tahuehueto

Ralph Shearing, President stated “we are very pleased that the Company’s ongoing community and social efforts have been very successful in establishing respectful and mutually beneficial relationships between the Company and the Comunidad, at our Tahuehueto Project. This amicable relationship has allowed for a successful long-term renewal of the surface rights agreement.

Corex Gold Extinguishes Debt by Issuance of Shares

Corex Gold Corp. reports that as announced on April 25, 2016, the Company has issued a total of 2,205,000 common shares at a price of $0.08 per common share to extinguish debt in the aggregate of $176,400 effective May 9, 2016 owed to related and non-related parties. The common shares are subject to a four month plus one day hold period that will expire on September 10, 2016.

Westminster 2016 Guayacan Trenching Program

Westminster Resources is continuing exploration at its 100% owned El Cobre property in Sonora, Mexico. The current program is concentrated on evaluation of epithermal precious metal potential in the Guayacan northwest region of the 17,854 hectare property. The Guayacan epithermal targets are associated with major linear and circular magnetic geophysical anomalies and structures coincident with intense alteration and silicification of host rock units. Most of the mineralized zones are exposed as wide spread float boulders within areas of anomalous soil geochemistry. Mechanical trenching utilizing bulldozer or backhoe equipment in conjunction with prospecting is considered the best exploration practice to locate and sample the source structures.

GoGold Team Receives Key to Parral

Anis Nehme states, “The Municipality of Parral, with a population of 120,000 citizens, wished to recognize the Company’s valuable support for the social and economic development of Parral. This was the first time in the 400 year history of Parral that they have awarded this honor. We were presented with a plaque that reads: The actual handing over of these keys evokes, in our collective imagination, the act of opening the gates of a city rich in history, which is being transformed to make way for a future that awaits the adventurous. I was honoured to receive the Key of Parral on behalf of our team.”

Canarc Sells El Compas Mine Project to Endeavour Silver for CAD$10.5 Million in Endeavour Shares

Canarc Resource Corp. announces that it has signed a definitive agreement with Endeavour Silver Corp. pursuant to which Canarc will sell to Endeavour 100% of the shares of Canarc’s wholly-owned subsidiary, Oro Silver Resources Ltd., which indirectly holds a 100% interest in the El Compas Gold-Silver Mine Project in Zacatecas, Mexico, in consideration for 2,147,239 free-trading common shares of Endeavour, with an aggregate deemed value of CAD$10.5 million.

Fortuna reports consolidated financial results for the first quarter 2016

Jorge A. Ganoza, President and CEO, commented, “We have made a strong start to the year operating well within our production and cost targets and look forward to the commissioning of our key expansion project at the San Jose Mine in July.” Mr. Ganoza continued, “At San Jose’s new production rate of 3,000 tpd, the company will target total annual consolidated production of approximately nine million ounces of silver and fifty-two thousand ounces of gold, with an AISCC below $9.0 per ounce of silver.”

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