Andre St Michel, President and CEO of Cyprium commented: “The closing of the first tranche of our US $4.5 million financing is a significant milestone for our company. This first disbursement is closely linked to the upcoming start of our milling operations at the 100 tons per day flotation processing plant we operate in Aldama, Mexico….
McEwen Mining Inc. reports gold production increased 23% and silver production decreased 10% in Q1 2015 vs Q1 2014. Gold and silver recoveries were artificially low as a result of the recent gold theft and will return to normal in Q2. Production costs for Q1 2015 will be reported with the quarterly financial results in early May 2015.
J.D. Poliquin, chairman of Almaden stated, Todays holes once again show the continuity of this part of the Ixtaca deposit. The drilling program, designed to upgrade the confidence and size of our resource base is now complete. We are now focussed on developing the Ixtaca deposit into a significant precious metals producer in Mexico and are currently busy on site with engineering related drilling.
Gold Resource Corporation today announced the discovery of new high grade polymetallic veins at its Arista deposit, including a newly discovered vein referred to as “Viridiana,” with drill intercepts of 7.04 meters grading 9.29 grams per tonne (g/t) gold and 957 g/t silver.
Alta Vista Ventures Ltd. is pleased to report that all resolutions were passed at its Annual General Meeting held on April 15, 2015. The Board of Directors and management would like to thank all shareholders for their continued support and confidence.
Commenting on the Facility, Rob Doyle, Chief Financial Officer, said, “I am very pleased with the positive response that we have received from such a strong banking syndicate. The ability to borrow US$300 million adds further to our already healthy liquidity position and bolsters our financial strength and flexibility, which will allow us to quickly respond to our future funding needs, whether it be for organic growth projects or for future business development opportunities that may arise.”
Pete Dougherty, Argonaut Golds President and CEO, said Argonaut continued to have strong production in the first quarter of 2015, in which we produced nearly 31% of the full year production guidance. We continue to see the benefits of operating at a higher cyanide concentration in the circuit, by way of improved recoveries.
“Great Panther’s mines had an excellent start to the year, setting several new records for metal produced and ore processed, and putting us on-track to meet our annual guidance”, stated Robert Archer , President & CEO. “These records primarily reflect the continuing ramp-up at San Ignacio as well as a 17% quarter-over-quarter increase in metal production at Topia….
The pipes have gone silent. Gone is the hum of water flowing through them to the worlds second-largest copper mine, just south of the U.S. border. Instead, in the normally empty desert here, tents and buses line the highway. Dust and smoke from cooking fires fill the air while hundreds of people listen to speeches and discuss the days events.
It’s been a busy twelve months on the acquisition front for Agnico Eagle Mines and the company continued its drive on April 10 with a $32-million bid for Toronto-based explorer Soltoro.
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