Month: July 2012

Zinco Advises Of Property Reduction And Its Current Cash Position

Zinco Mining Corporation has dropped one concession and applied to reduce the size of five other concessions held in its VMS Jalisco Project in Mexico. This step has been taken to reduce its property holding costs while the company seeks additional financing. Land being abandoned at this time is peripheral to the Company’s core assets.

Hochschild Mining Plc : Production Report for the 6 months ended 30 June 2012

Q2 2012 attributable production of 5.2 million silver equivalent ounces
H1 2012 attributable production of 10.2 million silver equivalent ounces
On track to deliver 2012 attributable production target of 20.0 million silver equivalent ounces
Temporary accumulation of San Jose concentrate inventory at end Q2 2012 due to industry-wide regulatory changes in Argentina; exports resumed and inventory to be sold in H2 2012
Continued progress at Inmaculada and Crespo Advanced Projects
Ongoing positive results from mines and brownfield exploration programme with significant intercepts reported and continued discovery of new economic veins
Resource additions at current operations on track to meet annual target
Solid financial position with total cash of approximately $543m and minority investments of $413.6m as at 30 June 2012

McEwen Mining Announces Good Second Quarter 2012 Production Results

McEwen Mining Inc. is pleased to announce good Second Quarter production results for the San Jose mine. Production of gold and gold equivalent ounces was up 9% over the previous quarter and up 17% over Second Quarter 2011. McEwen Mining’s 49% share of production during the quarter was 10,754 ounces gold and 735,000 ounces silver, representing 24,889 gold and gold equivalent ounces1. Production costs will be announced with the Second Quarter financial results, which will be released in early August of 2012.

Aura Minerals Announces Management Changes

Aura Minerals Inc. announces that Mr. J. Britt Reid has departed as Executive Vice President and Chief Operating Officer effective July 13, 2012. The Board of Directors and Management thank Mr. Reid for his contributions to the Company over the past three years and wish him success in his future endeavours.

Santacruz Announces NI 43-101 Resource at San Felipe

Santacruz Silver Mining Ltd. is pleased to announce an update regarding its activities in Mexico at the San Felipe project, including an initial independent National Instrument 43-101 Mineral Resource estimate. The Mineral Resource estimate was completed by Kelsey Zabrusky under the supervision of Zachery Black SME-RM and Donald E. Hulse PE and SME-RM, of Gustavson Associates, LLC, both of whom are independent “qualified persons” under NI 43-101.

Arian Silver – Operations Update

Arian Silver Corporation a silver exploration, development and production company with a focus of projects in the silver belt of Mexico, announces its wholly owned subsidiary, Arian Silver de Mexico SA de CV is in dispute with the owner of the toll mill which is contracted to process ore from the trial mining operation at the San José mine in Zacatecas State in Mexico; this has resulted in the suspension of milling operations. Detailed discussions to resolve the dispute are under way.

“Quieren destruir una parte de la Sierra Norte de Puebla”

Minera Meteoro. Grupo Frisco: El incremento de la exploración, a finales de diciembre de 2011, en las más de 10 mil hectáreas concesionadas a la empresa puso en alerta a los habitantes del municipio, quienes constituyeron una organización para frenar la extracción de oro y plata.

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