Orex Minerals Inc. is pleased to announce that early surface work on the Sandra Escobar Silver Project in Durango, Mexico, has confirmed highly anomalous silver mineralization related to a rhyolite dome complex in the southeast sector. Sandra Escobar Project is a joint venture with Canasil Resources Inc.
Jorge A. Ganoza, President and CEO, commented, “Our operation at San Jose continues to outperform, enabling the company to sustain positive financial results amidst an extremely challenging metal price environment. Our teams continue to focus on running our operations efficiently, optimizing mine plans and increasing margins per tonne.” Mr. Ganoza added, “With the commissioning of the San Jose expansion to 3,000 tpd in mid-2016, the company will further improve its operating margins and cash flow generation.”
“The Company is pleased to report another quarter of positive results from mining operations. Compared to the third quarter of 2014, our revenues have increased, despite weaker metals prices, as the result of producing and selling more silver equivalent ounces. Our operations and finance teams have continued to do an excellent job of managing costs and controlling expenditures. Our consolidated all-in sustaining cash costs for the quarter decreased to $11.99 compared to $13.01 in the third quarter of 2014, and we will continue to seek out opportunities to further reduce costs and improve efficiencies. ….,” stated Malcolm Davidson, CFO.”
McEwen Mining Inc. announces that while it is continuing to consider internal and external candidates for the position of Chief Financial Officer, the Board of Directors has appointed Rob McEwen as Interim Chief Financial Officer.
Oceanus Resources Corporation and El Tigre Silver Corp. are pleased to announce that El Tigre received the overwhelming approval of its shareholders at the special meeting held today to consider the previously announced acquisition of El Tigre by Oceanus by way of a plan of arrangement under the Business Corporations Act (British Columbia).
“Odyssey has made significant progress this quarter towards the planned transformation of our company that we have been discussing since March of this year. The environmental permit process is well underway in Mexico. A well-attended public hearing for the project was held in October to solicit questions from interested parties. Written responses are currently being prepared for SEMARNAT using the extensive scientific data and testing conducted over the past several years,” said Mark Gordon, Odyssey Chief Executive Officer.
Los comunitarios que no se “alinean” con esas organizaciones en el pago de “cuotas” son ejecutados o secuestrados, de acuerdo con las indagatorias.
Esta tarde sesionó el Comité de Desarrollo Regional para las Zonas Mineras del estado de Guerrero, encabezado por la titular de la Secretaría de Desarrollo Agrario, Territorial y Urbano (SEDATU), Rosario Robles Berlanga, en el Fórum de Mundo Imperial de esta ciudad.
Silver Spruce Resources Inc. announced today that the Company will not proceed with arrangement of the non-brokered private placement as previously announced in its media release dated September 28, 2015. The Board has opted to withdraw this price reservation in favor of filing new documents with TSXV for a non-brokered placement of up to 13,333,333 Units for gross proceeds of up to $1,000,000.
McEwen Mining Inc. is pleased to report record quarterly production of 43,390 gold equivalent ounces and earnings from mining operations of $13.4 million for the three months ended Sept. 30th, 2015. The El Gallo Mine in Mexico was the star performer in the quarter, producing at total cash costs and all-in sustaining costs (AISC) per gold equivalent ounce of $454 and $570, respectively.
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