Santacruz Silver Mining Ltd. is pleased to announce that it has finalized and closed the US$28.4 million Pre-paid Silver Purchase Agreement with JMET, LLC previously announced on September 18, 2014. The funds will be used to advance the development of the Company’s second project, San Felipe, in Sonora State, Mexico.
GREAT PANTHER SILVER LIMITED announces that, as a result of a review by the British Columbia Securities Commission, the Company is issuing this news release to clarify disclosures in the Company’s annual management discussion and analysis for the year ended December 2013. The Company did not disclose management’s conclusions in respect of the Company’s internal controls over financial reporting in the MD&A. The Company confirms that the Company’s Chief Executive Officer and Chief Financial Officer each evaluated the effectiveness of the Company’s ICFR as at the end of the period covered by the MD&A and the accompanying consolidated financial statements and concluded that the ICFR were effective as at December 31, 2013.
Goldgroup Mining Inc. is pleased to announce that the Company has completed the second drawdown of USD$3,993,239 on the previously announced secured medium term loan facility of USD$10 million provided by RMB Resources Inc. and Credipresto SAPI de CV SOFOM ENR. The total amount of funds drawn down under the Facility are USD$6,000,000. These funds will be used to facilitate the development of the Company’s Cerro Prieto mine and for other working capital purposes.
Tonogold Resources Inc. is pleased to announce the appointment of Mr. Jordan Moelis and Mr. Gustavo Mazon as non-executive directors of Tonogold effective immediately.
Starcore International Mines Ltd. and American Consolidated Minerals Corp. are pleased to announce the signing of a definitive arrangement agreement whereby Starcore would acquire all of the outstanding securities of AJC in an all-share transaction to be completed pursuant to a court approved Plan of Arrangement under the Business Corporations Act (British Columbia).
Arian Silver Corporation reports that discussions to fully fund the company’s flagship San Jose silver project continue to progress.
Fortuna Silver Mines Inc.is pleased to announce updated Mineral Reserve and Mineral Resource estimates as of June 30, 2014 for the San Jose Mine located in Oaxaca, Mexico. The Mineral Reserve estimate is based on San Jose’s latest Mineral Resource estimate.
Mexus Gold US confirmed today that the plan for the Santa Elena/Julio property is to move forward with a placer and underground mine operation. The placer move has already been approved but in order to proceed with underground mining the company must obtain a blasting permit. On September 20, 2014 CEO Paul Thompson and VP Julio Baltazar met with representatives from Hanka, an industrial provider of explosives. Hanka will provide knowledge and support as the company pursues this permit. The company hopes to submit for this permit in the next week.
New Gold Inc. is very pleased to announce the appointment of David Schummer as Executive Vice President and Chief Operating Officer. Mr. Schummer joins New Gold having spent 22 years at Newmont Mining Corporation moving into progressively more senior operating roles, ultimately becoming the Senior Vice President of African Operations. While running Newmont’s African division, Mr. Schummer’s responsibilities included management of the successful development and start-up of the $1 billion Akyem open pit project, which was delivered on time and on budget, as well as the operation of the Ahafo mine which produced over 500,000 ounces of gold in 2013. Prior to his time in Africa, Mr. Schummer was Newmont’s Vice President of North American Operations where he managed a group of eight operating mines, including both open pit and underground operations, which collectively produced approximately two million ounces of gold annually.
En sólo tres años, el precio internacional de la plata pasó del cielo al suelo, pues en marzo de 2011 llegó a USD 48.8 la onza y en septiembre de este año cayó a USD 17.7, por lo que de continuar la tendencia, algunos de los proyectos mineros a futuro en México podrían retrasarse.
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