‘La compañía considera que este movimiento obedece a la reacción del mercado por la publicación de los resultados del segundo trimestre, tanto de su subsidiaria Fresnillo como de la propia compañía, en los que registró una pérdida trimestral consolidada, debido a la caída en precios de los metales e incremento en costos’, señala.
Avino Silver & Gold Mines Ltd. further to the Companys press release dated July 24, 2019, the Company is pleased to announce that it has closed the bought deal financing with Cantor Fitzgerald Canada Corporation, as sole bookrunner and sole underwriter for the issuance of a total of 7,735,360 common shares of the Company for aggregate gross proceeds of $6,900,340, consisting of 5,411,900 common shares at the issue price of CDN$0.85 per Common Share, and 2,323,460 common shares which qualify as flow-through shares as defined under the Income Tax Act (Canada) at the issue price of CDN$0.99 per FT Share.
Aztec Minerals Corp. announces that it has completed the terms of its earn-in and has exercised its option to acquire a 65% interest in the Cervantes porphyry gold-copper project in Sonora, Mexico from Kootenay Silver Inc. Kootenay retains the remaining 35% interest in Cervantes.
VVC Exploration Corporation announces the Company is raising up to CA$2.5 million (approx. US$2.0) in a non-brokered private placement of units of the Company at a price of $0.05 per Unit.
“The Company remains on target to achieve its full year production and cost guidance despite the expected lower production from the Galena Complex and lower realized metal prices in the quarter,” said Americas Silver President and CEO Darren Blasutti. “The second half of 2019 will be a very exciting period for our Company as we expect not only higher silver production, but most importantly, first gold pour from the Relief Canyon Mine.”
Octavio Alvídrez, Chief Executive Officer of Fresnillo plc, said: “As we previously disclosed in our second quarter production report, continued challenges at our Fresnillo, Saucito and Herradura mines, combined with higher costs, have impacted profitability for the period. Following the measures put in place, we have seen some short term improvement in mine performance at both Fresnillo and Saucito and we expect to see a gradual improvement in the following quarters, albeit not at the rate we had anticipated. We have therefore adjusted our full year production forecasts in the second quarter production report.”
During the quarter, Plomosas mined 15,881 tonnes of ore at 14.8% zinc and 6.7% lead and completed 579.7m of development. Plomosas achieved record production in May, with 7,088 tonnes of ore mined at 14.5% zinc and 6.0% lead.
Starcore International Mines Ltd. has filed the results for the year end dated April 30, 2019 for the Company and its mining operations in Queretaro, Mexico and toll processing operations in Matehuala, Mexico.
The private placement financing is scheduled to close on or about August 19, 2019 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange.
Mr. Carlos Silva, Chief Operating Officer, stated The second quarter production results again reflect operational improvements at both mines. He continued, We expect a further production increase at Veta Grande in the third quarter as second quarter production was impacted by an unforeseen mechanical problem with the largest ball mill that required a major repair over the last half of the quarter. This work was completed in early July.
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