Silver Spruce Resources Inc. announces that it has closed its current non-brokered private placement and raised gross proceeds of $434,221.03.
I am very pleased to report that for 2018, Gold Resource Corporation delivered its eighth consecutive year of profitability, stated Gold Resource Corporation CEO and President, Mr. Jason Reid. Our Company achieved its annual Oaxaca Mining Unit production goals at a low all-in sustaining cost per ounce of $655 and posted annual net income of $9.3 million or $0.16 per share…”
We are very pleased to release this December 31, 2018 reserve report showing significant increases to reserve tonnes and gold ounces at both the Oaxaca and Nevada Mining Units, stated Mr. Barry Devlin, Vice President of Exploration for Gold Resource Corporation.
We congratulate First Majestic on its exploration success and are extremely pleased with the progress being made on the Ermitaño project, commented Paddy Nicol, President and CEO of Evrim. Ermitaño has the potential to add resources and mine life to the Santa Elena Mine and increase its profitability. Mineralization occurs in two steeply dipping, low sulphidation epithermal veins called Ermitaño and Ermitaño Splay. The bulk of the 3.365 million tonne inferred resource containing of 3.99 g/t gold and 68 g/t silver disclosed by First Majestic on March 29, 2018 is hosted in the Ermitaño Splay structure. According to First Majestic, the 2018 drill program was designed to increase the confidence level and size of the existing inferred resource and the 2019 drill program will investigate the feasibility of open-pit extraction at shallower depths. The progress with permitting is encouraging and we look forward to seeing the results from the planned 16,000 metres of drilling in 2019.
Thomas Atkins, President and CEO of Mammoth commented on the commencement of exploration activities at Tenoriba, stating: “I was very pleased to see, only a week into the new year that Centerra and Mammoth were already coordinating activities to meet and plan the 2019 field exploration program and that geologists for both companies were in the field before month’s end. There’s a lot of work to be done for a new crew to hit the ground on a new project, however Centerra was quick to get their team in gear and in the field.”
Octavio Alvídrez, CEO said: “Since we listed on the London Stock Exchange in 2008, we have successfully built a track record of creating value through growth and returns. We have remained committed to our stated strategy, investing in our business, growing production and delivering returns to our shareholders in what has been a volatile time for the wider mining sector. 2018 was however a more challenging year for Fresnillo.
Azure Minerals Limited has taken an important step towards developing its flagship Oposura zinc-lead-silver project in Mexico with the appointment of specialist advisor, Noahs Rule, to assist the Company in assessing interim funding proposals.
Dallas brings over twenty years of experience in accounting, finance, capital and public markets to Prize and we are very pleased to have him rejoin our Board of Directors stated Michael McPhie, President & CEO of Prize Mining.
Randy Eppler, interim president and CEO of Plata Latina, commented: “We are very pleased with the positive reults from the recent drill program completed by Reyna. These results build upon our initial exploration success and support our geologic discovery model. Reyna has steadily expanded the extent of known mineralization, focusing on 3 target areas with development potential along a three-kilometer strike length. We believe their efforts will continue to demonstrate the value of the Naranjillo property.”
2018 was a bittersweet year for First Majestic following the largest acquisition in the Companys history of the San Dimas mine paired with silver prices falling to a nine year low, said Keith Neumeyer, President and CEO of First Majestic. Nevertheless, First Majestic delivered a solid year with record production and revenues of over $300 million, and an AISC of $14.95 per ounce. We also advanced numerous innovative projects in 2018 aimed at increasing shareholder value in 2019. We continue to lead the industry as the purest silver producer and remain focused on improving margins by adopting new technologies with high returns on invested capital.
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