Pan American Silver Corp’s fourth-quarter silver production rose 30 percent, and the Canadian miner expects higher silver output in 2013 following the acquisition of the Dolores mine in Mexico.
Almaden Minerals Ltd. is pleased to provide a summary of its 2012 exploration activities and outline its plans for 2013. In 2010 the Company discovered the Ixtaca gold-silver zone on its 100% owned Tuligtic project, Mexico and since this time, including 2012, the bulk of the Company’s efforts have been focussed on the on-going Tuligtic project drill program. Nevertheless generative exploration has continued. The Company’s primary focus is the identification, acquisition and development of new mineral projects, a process from which the Tuligtic project itself was found by the Company and acquired by staking. The Company has pioneered mineral exploration in Eastern Mexico, has extensive proprietary knowledge in this terrain and continues to utlilise this knowledge to identify mineral projects.
Endeavour Silver Corp. is pleased to announce three new appointments to its management team: Terry Chandler as Vice President of Corporate Development, David Tingey as Vice President of Health, Safety & Sustainability and Emilio Rivero as the Director General of Endeavour’s parent subsidiary in Mexico.
Pan American Silver Corp. produced a record 6.9 million ounces of silver during the fourth quarter of 2012, propelling the Company to a new annual production record of 25.1 million ounces for the full year.
Soltoro Ltd. has completed three additional diamond drill holes at the El Rayo primary silver project in Jalisco, Mexico. A 350 metre-deep hole was completed below the Las Bolas deposit and two holes were completed north of the La Soledad West deposit. At Las Bolas, 91.3 metres of 129 g/t silver equivalent was intersected including 11.2 metres of massive sulphide mineralization grading 537 g/t silver equivalent encountered 318.8 metres down hole. The deep hole at Las Bolas extends mineralization 70 metres down-dip from the nearest hole with a substantial increase in silver grades. At La Soledad, 0.3 metres of 3,320 g/t silver was returned extending the known high grade silver mineralization an additional 60 metres down dip.
Tumi Resources Limited is pleased to announce that further to the Company’s news release of January 9, 2013, the Company has closed the private placement financing and has raised $625,000 through the issuance of 12,500,000 units at $0.05 per unit. Each Unit consists of one common share and one common share purchase warrant. Each Warrant entitles holders to purchase one common share of the Company at a price of $0.10 per common share for a period of three years.
Fresnillo PLC, a primarily silver producer and Mexico’s second largest gold producer, Tuesday reported record annual attributable gold production of 473,034 ounces, up 5.4% year on year, mainly due to the successful first year of operations at Noche Buena and continuous ramp-up at Saucito and said it expects 2013 attributable gold production to reach 490,000 ounces due to ramp-up at Noche Buena.
Fresnillo PLC (FRES.L) reported annual attributable gold production of 473,034 ounces, an increase of 5.4% from last year, exceeding the full-year target of 460,000 ounces, mainly due to the successful first year of operations at Noche Buena and continuous ramp-up at Saucito. Annual attributable silver production of 41Moz, including 4.0Moz from the Silverstream, was in line with the company’s guidance.
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