SilverCrest Mines Inc. is pleased to announce record production of 2.66 million ounces AgEq for 2013 and record production of 796,751 ounces AgEq for Q4 2013 from its 100% owned Santa Elena Mine located in Sonora, Mexico. All dollar amounts are expressed in U.S. dollars unless otherwise specified.
Excellon Resources Inc., Mexico’s highest grade silver producer, is pleased to announce fourth quarter and annual 2013 production results from the La Platosa Mine in Durango, Mexico.
Alamos Gold Inc. today reported fourth quarter and annual 2013 production, achieving both its production and cost guidance for the year. The Company also provided 2014 production and operating guidance along with its global exploration and development budgets.
War Eagle Mining Company Inc. reports that it has completed the sale of the Tres Marias zinc-lead-germanium project in Chihuahua, Mexico to Contratista y Operaciones Mineras SA de CV, a Mexican mining company. Total consideration for the sale was US$5,000,000 cash which will be satisfied by (i) US$65,000 cash received on closing with the balance of US$2,435,000 in fixed periodic cash payments over three years and (ii) a 2% net smelter return royalty to a maximum of a further US$2,500,000 with (iii) a possible increase in the royalty to a maximum of up to US$3,300,000 depending on metal sales volumes and prices.
Cangol Limited announces that it has signed a Letter of Intent whereby Cangold will be granted an option to acquire from Vista Gold Corp. up to a 100% interest (subject to certain underlying royalties) in the mining rights to the Guadalupe de los Reyes Project in Sinaloa, Mexico.
Garibaldi Resources Corp. is pleased to provide an update on the first-ever diamond drilling program at its La Patilla Gold Property in Sinaloa State, Mexico, with the fifth hole of the shallow program currently in progress. Drilling started shortly before the Christmas break and resumed early this month.
Capstone Mining Corp. today provided its production and capital expenditure guidance for 2014 for two of its three operating mines, Cozamin and Minto, and its development and exploration projects. Capstone expects to produce 38,500 tonnes (±5%) of copper in concentrates from Cozamin and Minto, slightly higher than 2013 production of 37,500 tonnes.
Formation Metals Inc. today announced that the Board of Directors of Formation has reached an agreement, effective January 15, 2014, with Mari-Ann Green, Scott Bending and William G. (Bill) Scales whereby these executives will relinquish their positions as CEO, President, and Executive Vice President, respectively and resign from the Board of Directors.
Scorpio Mining Corporation reports that production from the Nuestra Señora Operations totalled 492,832 silver equivalent ounces in the fourth quarter ended December 31, 2013, and 1,959,113 silver equivalent ounces for all of 2013.
Orex Minerals Inc. is pleased to announce that it has compiled all available historical data from the Los Crestones Project 100km north of the Sinaloa state capital, Culiacán, Mexico. Work included analysis of previously sampled but not assayed intervals from diamond drilling by the previous owner. Work has now begun on the 2014 exploration programme which is planned to include surface mapping, sampling and trenching and air/ground geophysics in preparation for a campaign of diamond drilling. Community negotiations are continuing and expected to run in parallel with the exploration work.
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