Goldgroup Mining Inc. held its annual general and special meeting of shareholders in Vancouver, B.C. on July 11, 2018. At the meeting, all director nominees listed in the Company’s management information circular dated June 6, 2018, were elected as directors of the Company.
Paul Benson, President and CEO said, “Solid performance at each of our operations in the second quarter keeps us well on track for full year production guidance. With a stronger second half of the year still in front of us, we look forward to delivering into near-term growth.”
Heclas second quarter mine production exceeded expectations due to continued improvements in the mines, said Phillips S. Baker, Jr., Heclas President and CEO. Greens Creek had higher than expected grades and had about 5% of the tons coming from automated headings. Casa Berardi exceeded expectations due to higher grades and the flexibility of having sources of ore from the underground and the surface. San Sebastian production, while lower than last year, was higher than we expected due to higher grades. This outperformance put the cash position at the second highest in the past six years, which we expect to deploy to acquire Klondex early in the third quarter.
Orla Mining Ltd. (TSXV: OLA) is pleased to announce that the Company has filed a technical report, prepared in accordance with National Instrument 43-101, for its 100% owned Camino Rojo Project located in Zacatecas State, Mexico. Orla previously released the results of the preliminary economic assessment in its May 29, 2018 news release which included a summary of all assumptions and key results contained in the technical report.
We realized further improvements at the Platosa Mine and Miguel Auza concentrator during the second quarter, including the most tonnes processed at Miguel Auza since the Company acquired the mill in 2009, stated Brendan Cahill, President and CEO. We also achieved AISC of less than $10 per payable silver ounce for the quarter. While there is more work to do to increase production, were making strong progress. Most importantly, we now have a stable, cash-flowing operation at Platosa that provides a platform for our greater exploration and growth goals.
The Company began to see the impact of Mercedes development initiatives late during the second quarter when production from Diluvio and Rey de Oro began to reach the mill. stated John Begeman, Executive Chairman of Premier. It is expected that these two deposits will drive increased production and a stronger second half at Mercedes. When also considering stronger than expected production from South Arturo, we have re-evaluated and ultimately revised 2018 gold production guidance.
Capstone Mining Corp. (TSX: CS) today announced production results for the three and six months ended June 30, 2018. Combined production totalled 20,000 and 39,200 tonnes of copper in the second quarter and year-to-date periods, respectively, with additional by-products of zinc, molybdenum, lead, silver and gold.
Candente Gold Corp. (TSXV:CDG) advises that it has applied to the TSX Venture Exchange for approval 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. The original expiry date was August 12, 2018 and if the extension is approved, the new expiration date will be August 12, 2020.
“While production during the second quarter was somewhat lower than planned due to heavier than usual rainfall at our Guanajuato Mine Complex, we continue to expect to meet our production guidance for 2018”, stated James Bannantine, President & CEO. “In addition, we are very pleased with the positive results of our recently announced Preliminary Economic Assessment for the Coricancha Mine in Peru. We have now begun preparations for the Bulk Sample Program and look forward to providing further updates as we continue to advance the project.”
Bradford Cooke, Endeavour CEO, commented, Our Second Quarter, 2018 production was much improved over Q2, 2017, continuing the trend established in the First Quarter 2018. As a result, we are on track to meet our guidance of higher production and lower costs in 2018 thanks to improved operating performance at the El Cubo and the development of our fourth mine at El Compas.
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