Month: July 2014

OMEX announced June 4th that the Environmental Report (EIA) for Oceanica was “completed and ready to be filed shortlyâ€?: as it is STILL not filed, this is clearly deliberate.

We believe OMEX has chosen not to file the EIA because they know it will expose the project as environmentally and economically unviable: most mining projects die in this phase.

OMEX appears to be desperately attempting to raise capital to cover a current cash balance under $2mm that is likely to be zero soon, as cash burn remains $3mm/month.

An Oceanica capital raise would immediately be funneled to OMEX corporate to pay high compensation and ongoing cash burn, while diluting OMEX shareholders’ upside.

Management statements now backtracking JP Morgan involvement: definitively NOT assisting OMEX on a capital raise for Oceanica, only potential “strategicâ€? deals, which we are highly doubtful of.

Inlet Resources Ltd. and Citation Resources Inc.are pleased to announce that they have successfully completed the plan of arrangement announced on April 22, 2014, whereby Inlet has acquired all of the issued and outstanding shares in the capital of Citation. The Arrangement was approved by the shareholders of Citation on June 30, 2014 and approved by the Supreme Court of British Columbia on July 3, 2014.

Amarium Technologies Inc., through its wholly owned subsidiary Amarium Minerals, is pleased to announce completion of upgrades to their ore processing mill located at the San Pedro Mine. The San Pedro mill now has an operational capacity of 120 tons per day (tpd), an increase of 600% over the previous capacity of 20 tpd. The recent updates will allow Amarium to stay on schedule for increasing the medium term maximum throughput of the mill to 200 tpd by December 2014. Both the San Pedro Copper Mine and the Jovita Mill are located in Michoacán, Mexico.

Total tonnes processed of 430,766 in the second quarter of 2014 compared to 323,751 tonnes in the same period of 2013. A 33% increase year-over-year. Total tonnes processed of 847,331 in the first six months of 2014 compared to 641,387 tonnes in the same period of 2013. A 32% increase year-over-year.

Total silver (“Ag”) production of 750,283 ounces (“oz”) in the second quarter of 2014 compared to 669,620 oz for the same period of 2013. A 12% increase year-over-year. Total silver production of 1,478,495 oz in the first six months of 2014 compared to 1,280,028 oz for the same period of 2013. A 16% increase year-over-year.

Total copper (“Cu”) production of 5.7 million pounds (“lb”) in the second quarter of 2014 compared to 3.8 million lb for the same period of 2013. A 52% increase year-over-year. Total copper production of 11.4 million lb in the first six months of 2014 compared to 7.8 million lb for the same period of 2013. A 46% increase year-over-year.

Total lead (“Pb”) production of 12.0 million lb in the second quarter of 2014 compared to 9.6 million lb for the same period of 2013. A 26% increase year-over-year. Total lead production of 24.2 million lb in the first six months of 2014 compared to 18.0 million lb for the same period of 2013. A 34% increase year-over-year.

Total zinc (“Zn”) production of 13.5 million lb in the second quarter of 2014 compared to 12.8 million lb for the same period of 2013. A 5% increase yer-over-year. Total zinc production of 26.2 million lb in the first six months of 2014 compared to 26.1 million lb for the same period of 2013. Representing no variation year-over-year.

Total gold (“Au”) production from the Yauricocha Mine was 2,499 oz in the second quarter of 2014 compared to 1,800 oz for the same period of 2013. A 39% increase year-over-year. Total gold production was 4,984 oz in the first six months of 2014 compared to 3,398 oz for the same period of 2013. A 47% increase year-over-year.

Measured and indicated (M&I) gold resource ounces increase 76%; M&I silver resource ounces rise 44%; new model includes resources for prospective lower cost heap leach scenario in forthcoming PEA

Mercator Minerals Ltd announces that production for the three months ended June 30, 2014 from its wholly-owned Mineral Park Mine was 19.4 million pounds of copper equivalent*, comprised of 8.8 million pounds of copper in concentrates and cathode copper, 2.6 million pounds of molybdenum and 116.0 thousand ounces of silver.

La empresa anunció que para el segundo trimestre del año espera un incremento en ventas netas de 31 por ciento, impulsadas por un aumento de 11 por ciento en volumen de acero vendido.