Tag: Investor’s Corner

Minas La Herradura y Saucito, distinguidas por mejores prácticas

“Challenging market conditions have led us to take the decision not to proceed with the placing at this stage,” said CEO Peter Becker.

Mammoth Resources Corp. (TSX-V: MTH) would like to correct an error in the press release issued earlier today. The release inadvertently reported under the heading “Other Corporate News”, first paragraph, having issued: “1,8400,000 common shares” of the Company as part of a debt settlement, whereas this should have stated the Company issued “1,840,000 common shares” of the Company. Mammoth apologizes for any confusion this may have caused any readers.

“We are pleased with our second quarter production results, our silver equivalent production increased by 6%, because our copper production increased by 31%.” said David Wolfin, President and CEO. “We will continue to process historic stockpile material through Mill Circuit 4 until the end of the year, and then we anticipate transitioning to processing newly-mined mill feed from the San Luis area of the Avino Mine.”

Grupo México secured a $37 Million and a $147 Million Loans with HSBC.

El conglomerado industrial Grupo México acordó con HSBC dos préstamos, unolocal por USD 37 millones, y otro internacional por USD 147 millones, para refinanciar los pasivos que la organización mantiene con la entidad financiera.

Igor Gonzales, President, and CEO of Sierra Metals commented: “I am very pleased with our Q2 2018 production results which include record consolidated ore throughput, and notable increases to the consolidated payable production of silver, copper, zinc, and gold. The Company continued its strong performance and built upon the first quarter’s solid production results. Our strong performance this quarter is attributed to sequential, record production at both the Yauricocha and Bolivar mines where we continue to obtain the benefits of successful operational improvement programs. Furthermore, a strong increase in tonnage at Cusi was noted in the second quarter, and the Company is reaping the rewards of a successful turnaround program and the refocusing of the Mine’s production to the Santa Rosa de Lima zone, which boasts higher grades and increased widths.

McEwen Mining Inc. (NYSE:MUX) (TSX:MUX) reports consolidated production for Q2 2018 of 36,959 gold ounces and 772,432 silver ounces, or 47,258 gold equivalent ounces using a 75:1 gold to silver ratio.

Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) is pleased to report production results for the second quarter of 2018 from its two operating mines in Latin America, the San Jose Mine in Mexico and the Caylloma Mine in Peru. The Company produced 2.3 million ounces of silver and 14,557 ounces of gold plus base metal by-products. Silver and gold production for the first six months totaled 4.7 million ounces and 29,597 ounces respectively; being 13 percent and 20 percent above the Company´s mid-year projection. Fortuna is on schedule to produce 8.3 million ounces of silver and 48.3 thousand ounces of gold or 11.4 million Ag Eq ounces in 2018 in accordance with our production guidance.

Candente Gold Corp. (TSXV:CDG) announces that it has received approval from the TSX Venture Exchange to extend the exercise period of a total of 5,000,000 outstanding share purchase warrants issued pursuant to the private placement completed on August 12, 2016.