TORONTO (miningweekly.com) McEwen Mining this week said it was prepared for a 24% increase in gold-equivalent production this year, as an optimisation plan was completed at its 49%-owned San Jose mine, in Argentina, that would increase processing capacity by 10% from 1 500 t/d to 1 650 t/d, and a full year of production is expected from its El Gallo Phase 1 mine, in Mexico.
Braeval Mining Corporation is pleased to announce the appointment of an advisory committee to the board of directors. The advisory committee will provide technical advice on an as needed basis to the board of directors. The committee is comprised of Mr. Sean Roosen, President and CEO of Osisko Mining Corporation, Mr. Chris Lodder, Principal of Talisker Exploration Services Inc., Mr. Ruben Padilla, Principal and Economic Geologist of Talisker Exploration Services Inc., and Mr. Terry Harbort, Principal, Generative Database Manager and Chief Structural Geologist of Talisker Exploration Services Inc.
Endeavour Silver Corp. announced today record earnings, cash flow and revenue for the year ended December 31, 2012, thanks to the Company’s eighth consecutive year of growing silver and gold production. Endeavour owns and operates three underground silver-gold mines in Mexico: the Guanacevi mine in Durango state, and the Bolanitos and El Cubo mines in Guanajuato state.
La asociación civil Tetela Hacia el Futuro dio contestación ayer al desplegado publicado por Frisco y su Filial Minera Espejeras, reiterando su oposición a la expolotación de yacimientos de oro y plata a cielo abierto, como lo pretende la compañía del magnate Carlos Slim Helú.
Mexican precious metals producer Fresnillo PLC (FRES.LN) is considering two options in order to meet the FTSE 100 index free-float requirement of 25% of a company’s share capital by the end of 2013, the company’s chief financial officer said Tuesday.
Thompson Falls, Montana. United States Antimony Corporation announced mill assays on another 880 metric tons from the Minas Grande open pit at the Los Juarez silver-antimony-gold property averaged 1.13 % antimony, 7.32 ounces of silver (227 grams) per metric ton, and 0.09 ounces of gold (2.8 grams) per metric ton. The average mill recovery of these metals was 78% of the antimony, 80.5% of the silver, and 86% of the gold. Other zones besides Minas Grande are now being milled along the 3.5 kilometer (2.18 mile) strike and those results will be forthcoming. There is no assurance that these values will continue in other areas of the property.
Coeur dAlene Mines Corporation today announced that Linda L. Adamany has been appointed to the Companys Board of Directors as well as the Audit Committee and the Environmental, Health, Safety and Social Responsibility Committee of the Board, effective March 11, 2013. In addition, Kevin S. Crutchfield has been nominated for election to the Board at the Companys 2013 annual meeting of shareholders to be held May 14, 2013. Upon his election, Mr. Crutchfield is expected to be appointed to the Compensation Committee and the EHSSR Committee.
Fresnillo plc (FRES.L) reported that its full year 2012 profit from continuing operations before income tax decreased to $1.16 billion from $1.53 billion last year. Attributable profit from continuing operations was $736.09 million or $1.026 per share, compared to $901.75 million or $1.257 per share prior year. Attributable net profit, excluding Silverstream effects, was $652.1 million, down 17.2%.
McEwen Mining Inc. (MUX) Q4 2012 Earnings Call March 11, 2013 2:00 PM ET
Sierra Metals Inc. is pleased to announce that it has submitted an application to list its common shares on the Toronto Stock Exchange, Canada¡¯s premier stock exchange. If the application is accepted by the TSX, trading in the Company¡¯s common shares will graduate to the TSX and such common shares will cease to be listed for trading on the TSX Venture Exchange. This action follows Sierra Metals¡¯ recent announcement of a new quarterly cash dividend of $2.5 million or $0.016 per share announced on February 12, 2013.
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