Candelaria Mining Corp. is pleased to announce the completion of the acquisition of the Caballo Blanco Gold Project in Veracruz, Mexico from Molimentales Del Noroeste, SA de CV, a subsidiary of Timmins Gold Corp. Pursuant to the terms of the agreement, Candelaria has made a final payment of US$3.154 million to Timmins to acquire the Caballo Blanco Gold Project and deferred a US$2.5 million payment to be made at the earlier occurrence of the Company receiving permits or June 24, 2017, secured by a promissory note and security interest. The Company has also assumed US$5 million in liabilities in exchange for the project and all related rights and assets.

Timmins Gold Corp. is pleased to announce the completion of the sale of the Caballo Blanco Gold Project in Veracruz, Mexico announced on May 11, 2016 with Candelaria Mining Inc.

Defiance Silver Corp. is pleased to announce that Peter J. Hawley, BSc, BEng, PGeo. has joined Defiance as a Director and Chairman of the Board.

The net proceeds of the Private Placement will be used by Silver Bull for general working capital purposes and exploration of the Sierra Mojada Project. The Company has agreed to pay an aggregate cash commission of CDN$30,060, in addition to an aggregate of 200,400 non-transferable common share purchase warrants to a broker. Each Placement Agent’s Warrant entitles the holder thereof to acquire one Common Share until the date that is two years following closing of the Private Placement at CDN$0.205 and is subject to the acceleration provision noted above.

México tiene nuevos proyectos de producción de plata por más de 1,665 millones de dólares con fecha de inicio entre el 2016 y 2019, informó la Cámara Minera de México (Camimex).

La compañía, que extrae plata y oro de seis minas en México, dijo que espera producir 850.000-870.000 onzas de oro este año, en comparación con un pronóstico anterior de 775.000-790.000 onzas.