Fortuna Silver Mines Inc. is pleased to announce that it has amended and expanded its existing $40 million revolving credit facility with the Bank of Nova Scotia. The new credit facility consists of a $40 million non-revolving term loan and a $20 million revolving credit facility. The $40 million term loan has a four year duration.
Consolidated production of 647,000 silver ounces and 1.11 million silver equivalent ounces at a by-product cash cost of $14.33 and an all-in sustaining cost of $23.05 2 per ounce…
Marlin Gold Mining Ltd. is pleased to announce that it has entered into a definitive agreement pursuant to which Marlin has agreed to acquire, in an all cash transaction, all of the issued and outstanding common shares of Commonwealth Silver and Gold Mining Inc., a privately held entity, through a wholly owned subsidiary…
Arian Silver Corporation, a silver exploration, development and mining company focused on silver projects in the silver belt of Zacatecas, Mexico, is pleased to report that first concentrate production has been achieved at its wholly-owned San José project.
Conversion of $300,000 of the debt by Radius results in its holding approximately 13% of the currently issued shares of the Company, said President, Lawrence Page Q.C. We welcome Radius as a significant shareholder of our Company due to the depth of experience of its principals in the mineral exploration sector. This transaction, coupled with the recent acquisition by Electrum Global Holdings…
Audra Walsh, President and CEO of Sierra Metals, commented: 2014 was an exceptional year for the Company, as reflected in this years financial and operational results. Revenues and operating cash flows in 2014 increased by 20% and 124%, respectively, despite a 19% and 7% decline in annual realized silver and copper prices, respectively. The increase in revenues in 2014 was driven mainly by higher throughput at our three operating mines…
Two financings in Canadas metals and mining sector were called off on Thursday, a reminder that market conditions remain fragile and volatility can scuttle managements best-laid plans very quickly.
Gold Resource Corporation declares its monthly instituted dividend of $0.01 per common share for March 2015 payable on April 23, 2015 to shareholders of record as of April 13, 2015. Gold Resource Corporation is a gold and silver producer with operations in Oaxaca, Mexico and exploration in Nevada, USA.
Riverside Resources Inc. is pleased to announce that it has signed an option agreement with Argonaut Gold Inc. to acquire a 100% interest in the Glor Gold Project, located approximately 8 km west of AuRico’s El Chanate Mine in Sonora, Mexico. The Project acquisition and initial mapping and sampling work was completed as part of alliance funded activities through Riverside’s strategic alliance with Hochschild Mining Plc.
Northair Silver Corp. is pleased to announce positive results from its ongoing mapping and sampling program at its flagship La Cigarra silver project located in Chihuahua State, Mexico.
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