Seeking Alpha – On July 22, 2015 Fresnillo plc announced its H1 2015 production results. Apart from that, the company raised its full year 2015 gold production guidance to 715 – 730 thousand ounces (from 670 – 685 thousand ounces previously). In this article I am discussing the H1 2015 production results.
Silver Shield Resources Corp., announced today the closing of the first tranche of its non-brokered private placement which was announced on June 4th, 2015. One Million Five Hundred and Forty-Nine Thousand Six Hundred units were sold for gross proceeds of One Hundred and Fifty-four Thousand Six Hundred Dollars CDN.
“With the completion of this financing we have raised in excess of $3,500,000 since June,” said Chris Frostad, Director & CEO Minera Alamos Inc. “It continues to be our objective to advance the Los Verdes project into production later next year.”
Calissio Resources Group, Inc. announced today that the Company entered in to an agreement with Milagros Del Cobre Mineria S.A. de C.V. whereby Calissio Resources Group, Inc. sold 100% of its interest in San Pedro Mine. The total purchase price of USD$14,600,000 will be paid by the assumption of debt and in shares of stock of Milagros Del Cobre Mineria S.A. de C.V. and USD$7,360,000 in cash to be paid no later than February 22, 2016…
The deep oceans span more than half the globe and their frigid depths have long been known to contain vast, untapped deposits of prized minerals. These treasures of the abyss, however, have always been out of reach to miners.
Orex Minerals Inc. reports that it has applied to the TSX Venture Exchange to extend the term of the warrants issued in connection with its September 13, 2013 private placement, currently expiring September 13, 2015. Warrants to purchase 4,114,300 common shares at a price of $0.30 per share will be extended to expire on September 13, 2017, subject to TSX Venture Exchange approval.
In follow up to the news release dated January 22, 2015, IMPACT has contracted an independent consultant to write a new NI 43-101 compliant report on mineral resources in the Capire Zone. This report will include an additional 25,000 meters of drilling carried out at Capire since completion of the original 2011 open pit mine plan. To date work on the revised geological model and updated extensive database has been completed for the new report, and quality control and geostatistical study of the data is now underway…
Despite lower than expected quarterly production at the Galena Complex due to a clutch failure on the Galena Hoist, consolidated all-in sustaining costs were at the low end of our guidance and lower than the previous quarter as cost reduction initiatives continued to prove effective, said Darren Blasutti, President and CEO of Americas Silver. We expect to make up the 10,000 ton shortfall at Galena in the second half of 2015 which will further reduce cash costs and all-in sustaining costs bringing them below our guidance for the remainder of the year.
Red Tiger Mining Inc., today announced that all matters set out in our management information circular dated June 25, 2015 for the 2015 Annual Meeting of Shareholders held on July 22, 2015 were approved by shareholders. A total of 81,359,255 shares were voted representing 72.48% of the outstanding shares of the Company.
Obtaining financing at this low cost of capital is a true testament to and validation of the Parral projects performance, said Dana Hatfield, GoGolds Chief Financial Officer. This project continues to produce strong free cash flow at todays depressed metal prices due to its low cash costs, which are some of the lowest amongst silver producers. Todays financing also means we are now able to advance our Santa Gertrudis project without any shareholder dilution
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