Tag: Investor’s Corner

Mr. Carlos Silva, Chief Operating Officer, stated “I am pleased to report that we are on track to reach our objective of increasing production and efficiencies at Veta Grande as indicated by our quarter over quarter results. At the same time our exploration activities are delineating a solid path forward for the development of Veta Grande into a significant silver producer. As for the Rosario Project, development work at the Membrillo Prospect is well on its way to reach the targeted mineralized area and preparation of production stopes is underway with the aim of being in full production in Q4 2018 as originally planned.”

Business Wire requests that NewsItemId: 20181107005676, Tamino Minerals, Inc. press release entitled “Tamino Minerals Starts Exploration Program and Financing Update” be killed.

“During the third quarter of this year, the Company continued with the commissioning of Mill Circuit 4, which represents a significant commitment to future expansion in Mexico. While our financial results were impacted due to a lower metal price environment, we feel that the Company is well-positioned for the future. In view of the current environment, our focus for Q3 2018 and moving into Q4 2018 has shifted from increasing production, to preserving our operating margins, through previously-announced cost-reduction programs” said David Wolfin, President and CEO. “Our focus moving forward will be to maintain stable operations which will include a temporary reduction of development at the Avino Mine (Elena Tolosa area) which means that the mining rate will decrease, however the mill production will be stable for the rest of the quarter. In the meantime, we will continue to optimize operations and evaluate other areas of the vast Avino property.”

Silver Spruce Resources Inc. announces that The Company is proposing to consolidate its Common Shares on a one (new) for five (old) share basis. The consolidation to be proposed for shareholder approval at the Company’s annual and special meeting of shareholders to be held in early 2019.

“During the third quarter, we delivered record silver production resulting in higher revenues and cash flows compared to the previous quarter even when we experienced a nine year low in average quarterly silver prices,” stated Keith Neumeyer, President and CEO of First Majestic. “Consolidated cash costs and AISC decreased nicely to $6.85 and $15.12, respectively, due to improved economies of scale and higher production from San Dimas. Cost cutting efforts remain a focus of the Company by reducing capital investments at our smaller mines, innovation projects, layoffs and overall curtailment of spending.”

“Improved operating performance at Mercedes during the third quarter combined with continued outperformance at South Arturo puts us on track to meet 2018 annual consolidated gold production guidance” stated Ewan Downie, President and CEO of Premier. “Our strong cash position will continue to fund near-term development, including the construction of two new mining centers at South Arturo and the Cove Gold Project in Nevada”.

“We continue to generate strong cash flow, which increased our cash and short-term investment balance at the end of the quarter to $252.7 million, despite realizing the lowest metal prices of the year,” said Michael Steinmann, President and Chief Executive Officer of the Company. “The depressed metal prices had a significant impact on both settlement adjustments on concentrate shipments and NRV inventory adjustments, which together reduced earnings in the quarter by approximately $33.2 million.”

Golden Goliath Resources Ltd. is pleased to announce that Desarrollos Mineros El Aguila, S.A. de C.V. a wholly owned subsidiary of Fresnillo plc, has exercised the option agreement for the properties optioned to them by the Company in the Uruachic Mining District in the State of Chihuahua, Mexico.

Golden Minerals Company today announced financial results and a business summary for the third quarter ended September 30, 2018.

Autoridades municipales realizaron la entrega de la planta tratadora de aguas residuales poniente a la empresa Minera Saucito que ganó la licitación para la operación de las instalaciones. De esta manera, el Sistema de Agua Potable, Alcantarillado y Saneamiento de Fresnillo (Siapasf), se ahorrará unos 7 millones 85 mil 859 pesos anuales de los costos por la operación de la planta.