Total production during 2014 reached a new record of 15,257,958 equivalent ounces of silver, representing a 19% increase over 2013. The equivalent silver production for 2014 consisted of 11,748,721 ounces of silver, 12,283 ounces of gold, 39,192,908 pounds of lead and 13,130,378 pounds of zinc.
Record gold production of 886,000 ounces in the fourth quarter, resulting in 2014 gold production of a record 2.871 million ounces.
All-in sustaining costs2 total approximately $1,045 per ounce in the fourth quarter of 2014; all-in sustaining costs decreased 6% to approximately $950 per gold ounce for 2014.
Forecast 2015 gold production to grow approximately 20% to between 3.3 and 3.6 million ounces, in line with previous Company guidance after divestitures of Marigold and Wharf mines.
YAMANA GOLD INC. today announced it has entered into an agreement with a syndicate of underwriters led by Canaccord Genuity Corp. and National Bank Financial Markets under which the Lead Underwriters have agreed to buy on a bought deal basis by way of a short form prospectus, 49,100,000 common shares of Yamana at a price of C$5.30 per Share for gross proceeds of C$260,230,000. In addition, the Company has agreed to grant to the Underwriters an option to purchase from the Company up to an additional 7,365,000 Shares at a price of C$5.30 per Share, on the same terms and conditions as the Offering, exercisable any time, in whole or in part, until the date that is 30 days after and including the closing date of the Offering. If the Over-Allotment Option is exercised in full, the total gross proceeds to Yamana will be C$299,264,500.
Magino Metallurgical Column Test Work Shows Results of up to 70% Recovery The San Agustin Preliminary Economic Assessment Results indicate a Projected Gold Equivalent Ounce (“GEO”) Production of over 540,000 Ounces and an After-Tax Internal Rate of Return of 22%
Endeavour Silver Corp. reports record silver production of 2,009,172 ounces in the Fourth Quarter, 2014 (up 4% compared to the Fourth Quarter, 2013) as well as 15,127 oz gold (down 14% compared to the Fourth Quarter, 2013) from the Company’s three operating silver mines in Mexico: the Guanaceví Mine in Durango State and the Bolañitos and El Cubo Mines in Guanajuato State.
Silver equivalent production increased 49% to 1,342,150 oz*
Silver production increased 39% to 969,524 oz
Gold production increased 60% to 5,180 oz
Copper production increased 100% to 305,417 lbs
Goldcorp announced a jan 15 dividend on Monday, January 5th, Analyst Ratings.Net reports. Shareholders of record on Thursday, January 15th will be given a dividend of 0.05 per share on Friday, January 23rd. This represents a yield of 2.7%. The ex-dividend date of this dividend is Tuesday, January 13th.
In light of the current state of the mineral exploration and mining sector and given the expertise and skill sets of the members of the Board of Directors and Management, the Management and Board of the Company believe that the ideal allocation of the Company’s working capital would be within the framework of a resources-focused investment company, while maintaining a limited number of mineral projects for direct exploration activities. For those reasons, the Management and Board have proposed that the Company complete the Proposed COB.
NSX Silver Inc. announces that it has received conditional approval from the TSX Venture Exchange to consolidate its issued and outstanding common shares on the basis of one share for every ten shares issued and outstanding. The consolidation of NSX Silver’s common shares was approved by NSX Silver’s shareholders at an annual and special meeting of shareholders held on June 19, 2014.
Argonaut Gold Inc. announced today that it had record production of 44,312 gold equivalent ounces during the fourth quarter ended December 31, 2014. This included 27,870 gold equivalent ounces at its 100% owned El Castillo Mine located in the State of Durango, Mexico and 16,442 gold equivalent ounces at its 100% owned La Colorada Mine located near Hermosillo, Mexico. Gold equivalent ounces are calculated on the basis set out below.
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