Tag: Investor’s Corner

Peñasquito – Proven and probable gold mineral reserves as of June 30, 2018 totaled 9.1 million ounces, compared to 9.0 million ounces as of June 30, 2017. Production depletion of 0.6 million ounces was entirely offset by mineral resource conversion and mine design changes. Exploration at Peñasquito is now focused on the evaluation of a portfolio of 23 early stage targets which were highlighted through generative work in 2017 and which the Company expects will drive the future success of the district.

Upon recently accepting the position of President and CEO of Aura, Robert Johansing stated, “A shift in Aura’s direction is necessary. We know that our Greyhound project is in good hands and Taviche needs a partner to take the project to the next level of discovery. Aura’s new strategy will focus on adding projects in other jurisdictions where we can maximize the proportion of our investments to be spent on exploration in order to maximize potential value creation for our shareholders”.

Octavio Alvídrez, Chief Executive Officer, said: “Gold production continues to beat expectations and we are once again revising our guidance upwards following another strong quarter, in particular at our Saucito and Noche Buena mines where volumes exceed targets. Though silver production is up against all comparable periods, we are revising full year silver guidance following continued challenges at the Fresnillo and Saucito mines. These are world class, tier one silver assets, and we remain both determined, and confident, given the actions we are taking, that we will deliver a better performance in the last quarter and in 2019.”

Vangold Mining Corp. is pleased to announce that it is now working to complete the definitive agreement to close its acquisition for 100% ownership of Intermont Resources LLC’s Nevada mining claims.

GoGold Resources Inc. announces sales of 241,774 silver equivalent ounces and produced 105,623 ounces of silver and 1,665 ounces of gold for 240,939 silver equivalent ounces at the Parral project during the quarter ended September 30, 2018.

American International Ventures, Inc., has entered into a joint venture agreement with PT Musi Bumi Energi an Indonesia Corportion. MBE has an 8,855 hectare (21,881 acre) coal concession, located at Musi Banyuasin, South Sumatera, Indonesia. Coal reserves of approximately one hundred million metric tons (Pre-Jorc estimate) of low rank subbituminous coal reserves located on said concession.

“Our gold and silver production met our expectations, with gold production increasing due to the addition of two months of production from the Nevada operations and silver production declining due to lower expected grades at Greens Creek,” said Phillips S. Baker, Jr., President and CEO. “We are on track to meet annual production estimates at all operations.”

New Gold Inc. announces the departure of Cory Atiyeh, Executive Vice President, Operations, effective October 22, 2018.

“We are currently drilling at two highly prospective properties in Mexico and British Columbia and the retention of Link Media to assist in communicating our story to the US market is part of our overall strategy to build the profile of our company” said Mike McPhie, President and CEO of Prize Mining “Every company in our business is competing for attention and we believe that the potential of our copper and gold/silver properties needs to be matched with a comprehensive marketing and awareness campaign that is intended to help create shareholder value.”

Rodrigo Barbosa, the Company’s President and CEO commented, “When these criminals first illegally entered the mine, the Company was able to mine outside of the then mine plan with decent results however the recovery rates in these areas have decreased and the Company is now forced to take the difficult position and suspend mining operations. We continue to work with local and national authorities and are considering all options.”