SilverCrest Mines posted Thursday second quarter metals production that declined year-on-year and quarter-on-quarter as expected, weighed down by the challenges of transitioning its Santa Elena mine from an open pit to an underground operation.
First Mexican Gold Corp. would like to update its shareholders on activities at the Guadalupe property exploration site.
Santacruz Silver Mining Ltd. is pleased to announce second quarter 2014 production of 169,800 payable silver equivalent ounces from the Company’s Rosario Mine in San Luis Potosi, Mexico. This production represents a 40% quarter over quarter increase as compared with Q1 2014 payable silver equivalent ounces and the Company remains on schedule to meet its production target of between 850,000 to 1,100,000 silver equivalent ounces by the year-end 2014.
McEwen Mining Inc. is pleased to announce production results for Q2 2014. Production in Q2 was 31,200 gold eq. oz comprised of 18,863 gold oz and 740,276 silver oz, consistent with guidance. This is a decrease of 8% compared to Q2 2013 and 3% compared to Q1 2014. Full-year guidance remains unchanged at 135,000-140,000 gold eq. oz as production is expected to increase in Q4, due to 1) 50% more processing capacity at El Gallo 1; and 2) higher grades at San José. Production costs will be reported in August 2014 with Q2 financials.
Cyprium Mining Corporation announced today that it has completed its first phase of drilling on its Las Cristinas property located in Chihuahua State, Mexico. This phase of the Company’s exploration program included a total of 1,204 meters of diamond drilling and focused on the North Mount and South Mount, a 550 meter long mineralized section located at the southern end of the property where copper production took place in the early 70s. A total of twelve holes were drilled to a maximum vertical depth of 150 meters. The main objective of phase one was to test potential sulphide copper/silver mineralization at depth. The drilling program also forms part of the Company’s plan to produce an initial NI 43-101 compliant resource report by the end of 2014.
Mercator Minerals Ltd (“Mercator” or the “Company”) announces that it has been advised by Intergeo MMC Ltd (“Intergeo”) that Intergeo does not currently expect to request or agree to an extension of the completion deadline beyond August 1, 2014 in connection with the proposed business combination between Mercator and Intergeo pursuant to the arrangement agreement (the “Arrangement Agreement”) between Mercator and Intergeo dated December 12, 2013.
Orex Minerals Inc. in conjunction with their project partner Fresnillo PLC, have mobilized a second exploration diamond drilling rig to their Coneto Silver-Gold Project in Durango, Mexico, and a third drill rig is being planned. A joint technical committee, with both Orex and Fresnillo representation, is guiding the Coneto project, with Fresnillo as the operator.
Mr. Jose Manuel Borquez has been named a director of Aurcana Corporation. Mr. Borquez is an attorney based in Santiago, Chile who has worked in the natural resources sector for 25 years. An International Natural Resources lawyer specialized in Latin America, he is a graduate of the School of Law of the Universidad de Chile with Law, Economics and International Relations studies at the graduate level at the Diplomatic Academy of Chile (1985-1986) and at Georgetown University Law Center and the School of Foreign Service in Washington, D.C. (1987/1988). He was admitted to the Bar in Chile in 1985. He has been involved in assignments throughout the Americas as well as Africa and the Middle East. Clients range from multinational mining companies to privately-owned mines, financial institutions and government agencies. Corporate clients of note have included Placer Dome Inc, Antofagasta, Xstrata and Codelco, among many other companies. His broad experience in the precious metals and base metals sectors ranges from exploration and mining to reclamation.
AuRico Gold Inc.today announces preliminary second quarter production results. All amounts are in U.S. dollars unless otherwise indicated.(Results for the second quarter 2014 are estimates only and are subject to change.)
Canarc Resource has found another turnaround opportunity to sink its teeth into, with the company announcing a strategic share exchange agreement with New Mexico’s Santa Fe Gold that it says will give the junior mining developer access to a near-term producing gold-silver mine with significant potential.
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