Por sexto año consecutivo México se colocó en 2015 como el principal productor de plata en el mundo, seguido de China y Perú, con una extracción de 191.5 millones de onzas, 3.3% más que en 2014.
McEwen Mining Inc. is pleased to announce that Mr. Donald Brown will join the Company on August 29, 2016 as our Senior Vice President of Projects. Mr. Brown has a proven track record of delivering superior results and will lead the advancement and future development of our portfolio of global assets including the Los Azules copper project in Argentina and the El Gallo Silver project in Mexico, as well as assisting our current team with the ongoing development of the Gold Bar project in Nevada.
Corex Gold Corp. proposes to extend the expiry dates of 7,750,000 outstanding share purchase warrants that were issued pursuant to a private placement completed in September 2014. Each Warrant entitles the holder to purchase one common share in the capital of the Company at a price of $0.15 per share for a period of 24 months from the date of issuance which expires on September 4, 2016. Subject to TSX Venture Exchange approval, the expiration of these Warrants will be extended to March 6, 2017. All other terms of the Warrants will remain the same. Under the policies of the Exchange 70,000 additional Warrants issued as finder fees are not eligible to be extended.
Mr. Alain Lambert, Chairman and CEO of Cyprium commented: “The Report focuses on the “Tunel” mineralized body at levels 1 to 4 of the mine which are accessible by the newly rehabilitated Potosi Shaft No. 3. The Report also contains valuable information on the historic Santa Eulalia mining district where the largest carbonate replacement deposit (CRD) in Mexico is located.” Mr. Lambert added: “We believe that the larger Santo Domingo mineralized body located at level 9, 10 and 11 of the mine – also known as the Main Silicate Body – also has good exploitation potential. The evaluation and preparations for exploiting the Santo Domingo body as well as the preparation of a 43-101 resource calculation by the end of the year will now assume top priority.”
Q2 2016 was a strong quarter operationally as Cerro Prieto has officially gone into commercial production, said Keith Piggott, Chairman, President and CEO of Goldgroup, Our all-in sustaining cash cost for the quarter was $973 per ounce. We continue to work on the opportunities to lower cash costs further to our target of $900(1) per ounce as previously forecasted in March 2016.
México produjo 786,774 toneladas de zinc en 2015, un alza interanual de 19.2% con Peñoles como la empresa con mayor participación en la extracción de ese mineral, informó la Cámara Minera de México (Camimex).
Telson Resources Inc. is pleased to announce that it has retained the services of Renmark Financial Communications Inc. to support Telsons investor relations activities. Renmark is one of the largest retail investor relations firms in Canada, offering a wide range of integrated investor and financial communications services.
Mark Brennan, President and CEO of Sierra Metals stated, “At Bolivar, we saw another record quarter of throughput however encountering lower grades. We continue to be optimistic that we will see higher metal production as we begin accessing higher grade ore by the end of the year. At Cusi, silver equivalent production increased 23% over the same quarter last year and the Mine began shipments of zinc with over 1 million pounds produced for the quarter. Sierra continues to have a strong balance sheet and liquidity to drive operations and remains determined to increase production in the future while reducing costs at all three Mines.”
The Private Placement, as stated previously, comprised of the sale of 10,000,000 units at a price of $0.05 under terms as outlined in News Releases No. 056 and 057. Each Unit will consist of one common share of the Company and one half-share purchase warrant. Each full warrant will be exercisable for one additional share of the Company’s common stock for two years at a conversion price of $0.10, subject to an acceleration provision triggered if at any time after November 30th, 2016, the Company’s common shares have a closing price on the TSX Venture Exchange at or above a price of $0.20 per share for a period of 10 consecutive trading days. A total of 5,000,000 Warrants were issued pursuant to the Private Placement as part of the Units.
“Clearly the highlight of the Company’s second quarter was declaring commercial production at the Avino Mine, our second and largest mining operation,” said David Wolfin, Avino’s President and CEO. “This achievement marks years of determined effort by our entire team, both in Mexico and Canada, for which I am grateful. The Company is significantly more valuable as a result.
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