Azure Minerals Limited is pleased to announce that the first phase of airborne geophysical surveying program at Promontorio has been completed. This program is part of the Earn-In and Joint Venture Agreement with Kennecott Exploration Mexico S.A. de C. V., part of the Rio Tinto Group.
Deep sea mining is one of those long-held commercial dreams that just decades ago seemed to be a sci-fi fantasy. But now that firms and international groups are preparing to shift their very costly exploratory projects into lucrative operations, environmental groups are pushing to get the right international regulations in place to protect deep sea ecosystems.
DynaResource, Inc., a minerals investment, management, and exploration company based in Irving, Texas, with a current focus on the San Jose de Gracia high grade gold project in northern Sinaloa State, Mexico, is pleased to announce that on June 30, 2015, the Company closed a financing agreement with Golden Post Rail, LLC, a Texas limited liability company…
Levon Resources Ltd. (formerly 1027949 B.C. Ltd.) is pleased to announce the completion of the previously announced plan of arrangement pursuant to which, among other things, SciVac Ltd. completed a reverse takeover of SciVac Therapeutics Inc. (formerly Levon Resources Ltd.) …
“The significant increase in the Topia Mineral Resource Estimate reflects continual refinements and improvements in our resource model,” stated Robert Archer, President & CEO. “The improved modeling, successful in-vein development and better reconciliation between the geological model and actual mine output resulted in an increase in estimated tonnage and contained ounces, in spite of a notable drop in the silver price. In addition, our operations team continues to convert Inferred resources to M&I resources through underground development and sampling, underpinning the long mine life at Topia.”
David Wolfin, President & CEO of Avino commented, “We are very pleased to have this business relationship with one of the world’s largest corporations. This agreement marks a major milestone for Avino. Samsung’s financial terms puts a significant seal of approval on the Company. We are thrilled that Avino’s precious and base metals will make their way into end user consumer products. Samsung is both a consumer and trader of silver, gold and copper. This low cost money ensures that Avino will have sufficient capital to further advance operations and continue with its growth strategy without dilution to shareholders…
Endeavour CEO Bradford Cooke commented, “Our main theme in operations during the second quarter was the El Cubo mine expansion to 2,200 tonnes per day (tpd) in order to continue driving cash and all-in sustaining costs down. I am pleased to say that El Cubo achieved its 2,200 tpd target as planned at the end of Q2, 2015 (see table below).
Keith Neumeyer, President & CEO of First Majestic, states, “During the first half of 2015, we produced 7.7 million silver equivalent ounces, which puts us on track of achieving our annual goal of producing between 15.3 to 17.1 million silver equivalent ounces. Production at Del Toro reached a record 2.5 million silver equivalent ounces in the first half of this year, representing a 46% increase compared to the first half of 2014. This substantial increase is primarily due to the Company’s decision in mid-2014 to reconfigure the plant in order to process 100% of the ore through flotation.”
Coeur Mining, Inc. today announced preliminary second quarter production of 4.3 million ounces of silver and 80,855 ounces of gold, or 9.1 million silver equivalent ounces.
Altos Hornos de México canceló anoche el plan de despidos que había anunciado con antelación. Hubo arreglo con la Secretaría de Economía que se comprometió con la industria siderúrgica a combatir la competencia desleal en el mercado acerero.
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