Month: October 2014

La minera First Majestic Silver, que tiene cinco minas que operan en México, ha anunciado sus cifras de producción y curiosamente está aplazando algunas ventas de sus reservas de plata, debido al bajo precio del metal.

Levon Resources Ltd. is pleased to report that further to its news release of September 3, 2014, it has filed its latest NI 43-101 compliant report on its bulk tonnage mineral resource for the Company’s wholly owned Cordero Project located 35 km northeast of Hidalgo Del Parral, Chihuahua, Mexico. The resource was completed by Independent Mining Consultants in collaboration with M3 Engineering and Technology, both of Tucson, AZ. The report was filed on SEDAR on Monday, October 20, 2014 and can be accessed at www.sedar.com or at www.levon.com.

Avino Silver & Gold Mines Ltd. and Bralorne Gold Mines Ltd. are pleased to report that the previously announced arrangement has been completed. Avino has acquired all of the outstanding common shares of Bralorne not already owned by Avino, in exchange for issuing up to 2,636,844 common shares of Avino to the shareholders of Bralorne, resulting in Bralorne becoming a wholly-owned subsidiary of Avino. Fractional shares of Avino have been rounded down to the nearest lower whole share. All unexercised outstanding stock options of Bralorne have been cancelled. For complete details of the plan of Arrangement, interested persons are directed to the Information Circular filed on SEDAR (www.sedar.com) on September 12, 2014 by Bralorne under its SEDAR profile.

Almaden Minerals Ltd. announces that the independent NI 43-101 Preliminary Economic Assessment Update Technical Report, for its gold-silver Ixtaca Deposit, Mexico, has been completed and filed on SEDAR. A summary of findings from the PEA were announced in Almaden’s press release issued September 3rd, 2014. The full report, “Preliminary Economic Assessment of the Ixtaca Project”, prepared by Moose Mountain Technical Services can be obtained from www.sedar.com. The independent qualified persons responsible for preparing the Ixtaca Preliminary Economic Assessment are Jesse Aarsen, P.Eng. and Tracey Meintjes, P.Eng. of MMTS, Ken Embree, P.Eng. of Knight Piésold Ltd., Kris Raffle, P.Geo. of APEX Geoscience Ltd., and Gary Giroux, M.A.Sc., P.Eng. of Giroux Consultants Ltd., all of whom act as independent consultants to the Company, are Qualified Persons as defined by National Instrument 43-101 and have reviewed and approved the contents of this news release.

El Tigre Silver Corp. is pleased to announce the appointments of John H. Bluher, Patrick L. Avery and Ron Hodgson to the Company’s Board of Directors effective immediately.

Timmins Gold Corp. is pleased to report preliminary production results for the Company’s third quarter ended September 30, 2014. The Company produced 27,013 gold equivalent ounces during the quarter. Production for the first three quarters of 2014 was 97,687 gold equivalent ounces. Production during the quarter was impacted by record storms and rainfall in September which restricted access to the pit. This resulted in the Company processing lower grade ore from stockpiles and also caused dilution of gold in the leaching solutions, which reduced the recovered ounces. Despite the disruptions caused by the storms, including power outages, the operating team managed to maintain average crushing throughput in excess of 24,000 tpd. Operations are now back to normal. Management maintains production and cost guidance for the year and expects to reach the higher range of production guidance of 115,000 to 125,000 ounces of gold equivalent.

Primero Mining Corp. announced today that Mr. Renaud Adams , President and Chief Operating Officer, has resigned effectively immediately to pursue other opportunities. Mr. Adams’ duties will be assumed by senior management on an interim basis while a search for his replacement is completed.