International Northair Mines Ltd. is pleased to provide an exploration update on its La Cigarra silver project, located in north central Mexico. The Company has conducted further trenching on its Ram Zone and results continue to be positive and support the potential of this new discovery.
Avino Silver and Gold Mines Ltd. regrets to report the death of an employee on Tuesday, June 17, 2014 due to an accident at Circuit 2 within the processing plant on the Avino Property in Durango, Mexico.
Debido a la reforma hacendaria y conflictos con ejidatarios por la renegociación de las tierras, así como a una menor producción de los proyectos mineros en México, el costo de extracción de oro y plata se incrementó entre 13 y 20%, respectivamente en el último año.
Agnico Eagle Mines Limited and Yamana Gold Inc. are pleased to announce today the completion of their previously announced court-approved plan of arrangement pursuant to which Agnico Eagle and Yamana have jointly acquired 100% of the issued and outstanding common shares of Osisko Mining Corporation. Osisko’s common shares will be de-listed from the Toronto Stock Exchange as at the close of business today.
El Tigre Silver Corp. is pleased to announce additional strong assay results of a recently completed extensive underground and surface sampling exploration program at its El Tigre Silver and Gold Project in northern Sonora, Mexico. El Tigre is reporting assay results from the Protectora vein area (Figure 1) that include 0.8 meters of 1,148 g/t silver equivalent – 10.50 g/t Au and 518 g/t Ag. A total of 126 surface and 30 underground samples were collected from the Protectora vein area.
“Many of the conditions that adversely impacted our results in Q4 FY 2014 carried over into Q1 FY 2015, most notably with respect to Heavy Civil and Mineral Services; however, we believe that Water Resources, Inliner, Geoconstruction and Energy Services are positioned to improve their financial performance in FY 2015.
Avino Silver and Gold Mines Ltd. is pleased to report that the dewatering operation of the Avino mine was completed as of May 28, 2014. This operation was initiated on November 24th, 2012 for a total of 482 days. During this period, a total of 1,013,069 cubic metres of acidic water were pumped and treated for the removal of base metals using lime. The treated water, which met agricultural standards for discharge was used for mill processes and the excess was gravity fed to the company built La Caricol dam; sludge from the water treatment was disposed of in the tailings storage facility.
La inversión se daría en minería, energía y ferroaleaciones, informó José Antonio Rivero Larrea, presidente del Consejo de Administración.
CANGOLD LIMITED reports that it has closed its previously announced non-brokered private placement financing. On closing, the Company issued 8,500,000 units at $0.10 per unit for gross proceeds of $850,000. Each unit comprises one common share and one-half of one non-transferable share purchase warrant.
Torex Gold Resources Inc. announces that the Company has amended certain terms of the shareholders rights plan agreement dated May 21, 2014 to be presented for ratification at the annual and special meeting of shareholders of Torex scheduled to be held on June 26, 2014. The amendments were made in response to comments from ISS Proxy Advisory Services, a branch of Institutional Shareholder Services Inc., a proxy voting advisory and corporate governance services firm.
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