Alta Vista Ventures Ltd. is pleased to announce that it has signed a Letter of Intent to purchase Thor Pharma Ltd. Thor Pharma is based in Burlington, Ontario and has an MMPR (Marijuana for Medical Purposes Regulations) application with Heath Canada that is in the Enhanced Screening stage of the MMPR application process.

Commenting on the Company’s 2015 second quarter results, Geoff Burns, Chief Executive Officer, said, “We had a very strong production quarter, meaningfully increasing our silver and gold production as compared to both the second quarter of 2014 and the first quarter of 2015. At the same time, we were able to significantly reduce our cash costs and AISCSOS (by 25% and 20%, respectively, as compared to a year ago).” …

Almaden Minerals Ltd. is pleased to announce that the TSX Venture Exchange has issued a bulletin stating that the common shares of Almadex Minerals Limited will commence trading on the TSXV at the open of trading on Friday, August 14, 2015. The Almadex Shares will trade under the symbol “AMZ”.

“The second quarter was tough this year, though in line with expectations, and we have made further strides in reducing unit costs throughout the operation,” stated Brendan Cahill, President and Chief Executive Officer. “We have realized a material improvement in production costs per tonne, with costs now below the cost per tonne of significantly higher tonnage periods in the first half of 2014….

J. Scott Drever, Chief Executive Officer, stated; “The second quarter was another successful quarter for SilverCrest. Santa Elena’s record Q2 AgEq production delivered strong financial results despite the lower precious metals price environment. We generated cash flow from operations of $8.1 million ($0.07 per share) and net earnings of $3.86 million ($0.03 per share)….

Billionaire sees mining company Minera Frisco tumble 53 per cent as the collapse in gold prices to a six-year low takes its toll

En su reporte anual 2015, la Cámara Minera de México (Camimex) revela que la firma que dirige Octavio Alvídrez dejó de tener la mina de plata con la mayor producción en el país y que fue desplazada por la de Peñasquito, propiedad de Goldcorp.

President and Chief Executive Officer of Alamos, John A. McCluskey commented on the Merger and second quarter results as follows: “We have created a stronger and better company through the merger. On a combined basis, the Young-Davidson, Mulatos and El Chanate gold mines produced over 95,000 ounces of gold in the second quarter of 2015. With our strong balance sheet, diversified North American based operations and low cost production growth, the merged company is well positioned to succeed in the current gold price environment”.