Baja Mining Corp. is pleased to announce that Minera y Metalúrgica del Boleo S.A. de C.V. has appointed Sang Bum Lee as Chief Operating Officer following the death of Kyoung Jin Park. Mr. Lee will be responsible for directing the Boleo construction completion activities, including commissioning and start-up, and managing the operation of the Boleo Project.
Two diamond drill rigs have been mobilized to the project and drilling of the initial targets has begun. A minimum of 5,000 metres of drilling is budgeted for this phase with anticipated completion near the end of the calendar year. This phase of drilling focuses on targets in the northern half of Biricu and commences in the Hornfels Hill and Punto Rojo target areas. Both Hornfels and Rojo are characterized by alteration and mineralization in close contact with or within intrusive bodies. This setting is typical of other areas in the Guerrero Gold Belt that are hosts to known gold resources and is similar to other prospective and operating properties and mines in the Guerrero Gold Belt to the northwest.
Endeavour Silver Corp. reports silver and gold production for the Third Quarter, 2014. The Company owns and operates three silver-gold mines in Mexico: the Guanacevá mine in Durango state and the Bolañitos and El Cubo mines in Guanajuato state.
De enero a agosto del 2014, pequeñas y medianas mineras se han visto obligadas a vender alrededor de 13 proyectos con un valor de 31.9 millones de dólares a empresas extranjeras debido a un ambiente de alta volatilidad, mayores impuestos y escasez del crédito.
Avino Silver & Gold Mines Ltd. and Bralorne Gold Mines Ltd. are pleased to report that Bralorne securityholders have voted overwhelmingly in favour of the previously announced arrangement whereby Avino will acquire all of the outstanding common shares of Bralorne not already owned by Avino, resulting in Bralorne becoming a wholly-owned subsidiary of Avino. At Bralorne’s annual general and special meeting held today, Bralorne’s securityholders, voting together as a single class, voted 98.65% in favour of the special resolution to approve the Arrangement, and Bralorne’s common shareholders, after excluding votes required to be excluded in accordance with Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions, voted 96.70% in favour of approving the Arrangement.
Tosca Mining Corp. announces that the TSX Venture Exchange has approved the consolidation of Tosca Mining Corp.’s issued and outstanding share capital such that every four existing shares will be consolidated into one new share, effective October 9, 2014. In addition, the Company has changed its name to Tosca Resources Corp.
Arian Silver Corporation, a silver exploration, development and production company with a focus on projects in the silver belt of Zacatecas, Mexico, reports that the Company has drawn down GBP 60,265 of its GBP 5 million Standby Equity Distribution Agreement with YA Global Master SPV Ltd, as announced by the Company on 27 September 2012.
Fortuna Silver Mines Inc. today announces production figures from its two underground mines in Latin America, the San Jose mine in Mexico and the Caylloma mine in Peru. In the third quarter of 2014, the company delivered 1.8 million ounces of silver, 9,751 ounces of gold plus base metal by-products. Year to date, the company has delivered 5 million ounces of silver and 26,420 ounces of gold. With current production results, silver and gold productions should exceed annual guidance by 9 percent and 8 percent respectively.
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