- First Majestic Produces 6.6 Million Silver Equivalent Ounces in Third Quarter October 15, 2019
- Kootenay Closes $2 Million Investment from Sprott Asset Management October 15, 2019
- Candelaria Mining Provides an Update on Private Placement Financing October 15, 2019
- Sierra Metals Reports Third Quarter 2019 Production Results Including Record Quarterly Consolidated Equivalent Metal Production October 15, 2019
- Great Panther Provides Update on Tucano Gold Mine and Guidance October 15, 2019
- Fortuna reports production of 1.9 million ounces of silver and 11,436 ounces of gold for the third quarter of 2019 October 15, 2019
- Alamos Gold Reports Delay in Mining Concession Renewal for Kirazlı Project October 14, 2019
- Bacanora Lithium plc – Completion of Strategic Investment by Ganfeng Lithium and Board Changes October 13, 2019
- Tamino Minerals – Late Sunday Report, Corporate Historical Update October 13, 2019
- Argonaut Gold Reports Incident at the La Colorada Mine in Sonora, Mexico October 12, 2019
- Boundary Gold and Copper Mining Ltd. (Formerly Prize Mining Corporation) will commence trading on TSX Venture Exchange October 11, 2019
- Tamino provides Update on Operations, IT and Social Media October 11, 2019
The Bacanora project team in Mexico continues to progress the final design work for the mine, concentrator and kiln sections of the processing plant. The Ganfeng technical team has initiated work on the hydrometallurgical circuit and is reviewing sourcing key sections of the lithium production equipment from current equipment suppliers in China.
Argonaut Gold Inc. regrets to advise that two individuals who work for its mining contractor at its La Colorada mine were fatality injured as a result of a high voltage accident while performing maintenance on a haul truck on Friday, October 11, 2019.
El 9 de octubre, en el marco del 3er. Foro Internacional PyMES Socialmente Responsables, el Vicepresidente Senior México de Alamos Gold, Dr. Luis Chávez Martínez, recibió oficialmente el Reconocimiento a las Mejores Prácticas de RSE, otorgado a la compañía por sus logros en materia de sustentabilidad social, económica y ambiental.
Philip O’Neill, Chief Executive Officer of Mexican Gold, stated, “We are very pleased with this robust resource estimate. The block model prepared by MDA holds together very well for a skarn deposit. The level of rigor used by MDA further allows us the opportunity to potentially explore economic studies for the potential exploitation of minerals at the El Dorado and Santa Cruz zones. Our focus now shifts to our upcoming drill program at Las Minas where we hope to unlock additional value through the drill bit, especially at our highly-prospective Pueblo Nuevo and Cinco Senores targets.”
Advance Gold Begins Second Phase Geophysical Survey to Expand Large and Continuous Chargeability Anomaly
Allan Barry Laboucan, President and CEO of Advance Gold Corp. commented: “It’s a very exciting time for Advance Gold, previous drilling found a network of veins with widespread gold and silver mineralization. Following this the first phase geophysical survey revealed a large chargeability anomaly right below these veins. Another impressive aspect of the first IP survey is that as we move to the south there is a decrease in the depth to the IP anomaly that would indicate that the anomaly is getting nearer to the surface as we move to the south…”
Chesapeake Expands Footprint of Emerging Gold-Silver Camp near Metates Significant Mechanized Trench Results Returned from Crisy Discovery
P. Randy Reifel, President, stated, “Regional exploration continues to discover significant gold-silver hydrothermal mineralization in this highly prospective region surrounding Metates. We are developing an impressive organic pipeline of satellite projects that are strategically located to capitalize on the potential future world class mining complex and supporting infrastructure at Metates.”
Newmont Goldcorp Corporation confirmed that the illegal blockade of the Peñasquito mine in Mexico was lifted yesterday. The Company continues to work closely with the federal and state governments toward a sustainable, long-term solution, and lifting of the blockade paves the way for the government-sponsored dialogue to resume. Operations at the mine remain temporarily suspended pending further evaluation of the situation on the ground and assurances that the blockade will not be allowed to resume.
Terrence Martell, Chairman of VVC Exploration, said, “The decision by the Board represents a logical outcome of our successful efforts to confirm the size of the resource and receive the necessary regulatory approvals to begin work at the site. Both represent years of hard work and patient effort on the part of our management and Mexico-based operations team. I would like to take this opportunity to thank VVC’s management and staff on behalf of the Board and shareholders for their hard work and continued effort.”
“Total production increased 4% quarter over quarter due to higher grades and recoveries at both our Santa Elena and La Encantada operations,” said Keith Neumeyer, President and CEO. “At La Encantada, silver recoveries averaged 82%, making it the highest recovery rate since owning this operation, following successful plant modifications to optimize ore handling and processing. In addition to higher recoveries, silver grades at La Encantada increased 59% pushing silver production to the highest level since 2014. Production at Santa Elena also reached a new record as higher gold grades were produced from the Main Vein and overall higher metallurgical recoveries were achieved following the start-up of the new HIG mill. This new mill is proving to be a major asset for this operation and I would like to recognize our projects and innovations team for a job well done.”
Net proceeds of the Private Placement will be used to advance exploration of the Columba Silver Project in Chihuahua State, Mexico, and to fund further work at Copalito, La Cigarra and other projects as well as for general working capital purposes.
Candelaria Mining Corp. is pleased to provide an update on a private placement previously announced on December 21, 2018 and March 8, 2019. The Company would like to state that the private placement has been discontinued due to unfavorable market conditions.
Sierra Metals Reports Third Quarter 2019 Production Results Including Record Quarterly Consolidated Equivalent Metal Production
Igor Gonzales, President and CEO of Sierra Metals commented:“The Company continues to strengthen its performance in 2019 achieving record quarterly consolidated equivalent metal production in the third quarter…”
“Based on this updated guidance we are still projecting to deliver growth in production relative to the third quarter of 2019. Our first priority is to take all necessary steps to ensure the safety of our employees and contractors at the Tucano Gold Mine while working diligently to minimize the impact to short-term and medium-term production,” stated James Bannantine, President & CEO.
Alamos Gold Inc. today reported that it has suspended all construction activities on its Kirazlı project pending the renewal of its Turkish mining concessions which expired on October 13, 2019. Although the mining concessions have not been revoked and can be renewed following this expiration date, no further construction activities can be completed until the concessions have been renewed.