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.
Aura Silver Resources Inc. announces that it has closed its non-brokered private placement offering previously announced on May 25, 2015. A total of 11,150,000 units at $0.015 per unit were issued for gross proceeds of $167,250. The Company has applied for, and received, conditional approval from the TSX Venture Exchange for a waiver from the five-cent minimum price requirement.
Minera Alamos Inc. has closed the second tranche of a brokered private placement financing with IBK Capital Corp. The aggregate gross proceeds of the private placement has now been increased to $335,000.
Keith Neumeyer, Chairman of First Mining said, I would like to take this opportunity to personally welcome Coastal Gold shareholders into our company. We have many exciting plans. The acquisition of Coastal Gold and its 100% owned Hope Brook Gold Project is an attractive and strategic addition for First Minings portfolio. The transaction provides Coastal Golds shareholders with exposure to First Minings large portfolio of mineral projects as well as one of the most respected teams of management in the mining sector.
Golden Minerals Company has released results from three exploration drill holes at its Celaya project in Guanajuato, Mexico.
BACANORA MINERALS LTD., the Canadian and London listed lithium and borates company based in Mexico, is pleased to provide an update on progress on the ongoing development work that is being conducted in connection with its upcoming pre-feasibility study at its Sonora Lithium Project. This ongoing development work and the resulting PFS are expected to be used to design a plant capable of potentially delivering up to 50,000 tonnes per year of lithium carbonate. This highlights Bacanora’s strategy to continue the transition from an exploration company into a mine development company.
NWM Mining Corporation announces that the Company has mailed copies of its Management Information Circular containing details of the definitive arrangement agreement with GFM Minera S.A.P.I. de C.V., and one of its affiliates, and the Company’s lender, Global Resource Fund. Pursuant to the Arrangement Agreement GFMM will acquire, for cash, all of the issued and outstanding common shares of NWM for $0.005 per share subject to a court-approved plan of arrangement under the Business Corporations Act (Ontario)…
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