Month: July 2013

McEwen Mining Sets Quarterly Production Record; 35,955 Gold Eq. Ounces Produced Q2; On Track for 130,000 Gold Eq. Ounces in 2013

McEwen Mining Inc. is pleased to announce production results for Q2 and the first half of 2013. During Q2, approximately 35,955 gold eq. oz (20,988 gold oz and 778,308 silver oz) was produced, which is a Company record. This is approximately 30% higher than the comparable period in 2012 and 20% higher than Q1, 2013. For the first half of 2013, McEwen Mining produced 65,794 gold eq. oz and remains on track for 130,000 gold eq. ounces in 2013. Production costs will be reported in August with Q2 financials. Gold equivalent is calculated at a ratio of 52:1.

Defiance Silver Announces IMPACT Silver Agreement Extension and Private Placement

Defiance Silver Corp. is pleased to announce that it has signed a two-year extension to its option agreement with IMPACT Silver Corp. for the acquisition of the 200 tpd Santa Gabriela processing plant, associated surface rights, and 10 mining concessions in the historic silver mining district of Zacatecas in central Mexico.

Fortuna reports 1,074,007 ounces of Ag and 5,183 ounces of Au for second quarter 2013

Fortuna Silver Mines Inc. today announces production figures from its two operating mines in Latin America, the San Jose mine in Mexico and the Caylloma mine in Peru. In the second quarter of 2013, the company delivered 1,074,007 ounces of silver, 5,183 ounces of gold and significant base metal by-product. Silver and gold production for the first six months of the year totaled 2,066,225 and 9,675 ounces respectively. Silver production was 6 % above budget while gold production was in line with plan (see Fortuna news release dated June 18, 2013). Fortuna is on schedule to produce 4.5 million ounces of silver and 23,600 ounces of gold or 5.9 million ounces of Ag Eq* in 2013.

Mercator Minerals Reports Second Quarter 2013 Production Results

Mercator Minerals Ltd is pleased to announce that production for the three months ended June 30, 2013 from its wholly-owned Mineral Park Mine was 22.7 million pounds of copper equivalent*, comprised of 9.9 million pounds of copper in concentrates and cathode copper, 2.8 million pounds of molybdenum and 155.2 thousand ounces of silver.

International Northair Mines Ltd. Announces Proposed Private Placement and Strategic Investment from Coeur Mining Inc.

International Northair Mines Ltd. is pleased to announce that it intends to complete non-brokered private placements for proceeds of approximately C$1,500,000. Coeur Mining Inc. has entered into a letter of intent to purchase 9,600,000 common shares at a price of $0.14 and, in connection with this subscription to cancel all its outstanding warrants to acquire common shares of the Company.

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