McEwen Mining Reports Q2 2019 Production Results

Rob McEwen, Chairman and Chief Owner commented: ‘The big events in Q2 were achieving commercial production at Gold Bar in late May and the high-grade exploration results from the Black Fox properties. Production results in the quarter were mixed. San José and El Gallo, which accounted for 62% of our Q2 production, performed well this quarter. At Gold Bar and Black Fox, we have had our head down and were pushing hard all quarter long. While both mines delivered better production in Q2 than in Q1, we didn’t achieve our forecast numbers. As a result, we have reduced our 2019 production guidance for gold by 6%.’

Premier Reports Q2 2019 Production Results

‘Our recent progression into the lower grade Diluvio zone demands a very focused mining approach in order to realize Mercedes full potential,’ stated John Begeman, Executive Chairman of Premier. ‘We will continue to adjust to the challenges associated with lower grade ores while we exploit opportunities elsewhere in the mine. We have many positive developments elsewhere in the Company that will contribute to our success this year.’

Fresnillo – Second Quarter Production Report for the Three Months Ended 30 June 2019

Octavio Alvídrez, Chief Executive Officer, said: ‘Production has continued to recover towards target levels since the first quarter as we begin to see the positive impact of operational measures and investments we have made into infrastructure, equipment and infill drilling, in particular at our Fresnillo and Saucito mines. The improvement and growth initiatives at all our operations, combined with the impact of the change to the accounting treatment of stripping costs at Herradura, have resulted in higher costs for the period.’

Megastar’s Efforts Identify Multiple High Potential Targets At Yautepec

‘It is remarkable to have defined such highly prospective geology so soon after the start of our field program.,’ said David Jones, exploration manager and director of Megastar. ‘The work to date supports our initial interpretation and looks as promising as the early stages of other exploration programs in the region which are now producing mines. The goal now is to expand known areas and discover additional new targets. We await pending results with great anticipation.’

Sierra Metals Announces the Appointment of Koko Yamamoto to Its Board of Directors

J. Alberto Arias, Chairman of Sierra Metals, commented: ‘On behalf of the Board and Management, I would like to welcome Koko to the Sierra Metals Board of Directors. Koko’s experience in corporate accounting and reporting makes her a valuable addition as an independent director to our Board. We believe that Koko will help Sierra Metals execute on its considerable growth plans and strategic opportunities that it has available at all its properties.’

Silver Spruce Announces Advanced Gold Project Acquisition

Silver Spruce Resources Inc. is pleased to announce that it has signed a binding Letter of Agreement with Prospeccion y Desarrollo Minero del Norte, S.A. de C.V. to assume ProDeMin’s option agreement to acquire 100% of the Cocula project, an advanced gold project in the Ameca mining district of Jalisco State, Mexico. The project is located within a very active exploration and mining region with several nearby projects including Agnico Eagle’s El Barqueño exploration project and Endeavour Silver’s Terronera development project. The LOA awards a Right Of First Refusal with a six-month due diligence period to Silver Spruce.

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