McEwen Mining Inc. is pleased to announce Q4 and 2014 full-year production results.
In Q4 2014, the Company produced a quarterly record of 27,412 gold oz and 973,417 silver oz.
In 2014 the Company produced an annual record of 84,363 gold oz and 3,195,693 silver oz.
Capstone Mining Corp. has entered into an amended Senior Secured Corporate Revolving Credit Facility for up to $500 million with Scotiabank (Co-Lead Arranger, Joint Bookrunner and Administrative Agent) and Canadian Imperial Bank of Commerce (Co-Lead Arranger, Joint Bookrunner and Syndication Agent). Other syndicate lenders include Citibank, N.A., Canadian Branch; Wells Fargo Bank N.A., Canadian Branch; Export Development Canada; Bank of Montreal; Mizuho Bank, Ltd.; and ING Capital LLC. This facility amends Capstone’s existing senior secured corporate revolving term facility and allows for the repayment and cancellation of the existing senior secured reducing revolving credit facility.,
Orex Minerals Inc. announces a non-brokered private placement offering of 4,800,000 common shares of the Company at a price of $0.25 per share for gross proceeds of $1,200,000. Orex intends to use the net proceeds of the Private Placement for continued exploration and development of its Los Crestones Property located in Sinaloa, Mexico and for general corporate and working capital purposes.
CANGOLD LIMITED reports that it has received a 45 day extension, to March 2, 2015, on the next option payment for the acquisition of the Guadalupe de los Reyes Project located in Sinaloa, Mexico.
Fortuna Silver Mines, Inc. is pleased to announce 2014 production figures from its two underground operating silver mines located in Latin America, the San Jose Mine in Mexico and the Caylloma Mine in Peru. The company produced 6.6 million ounces of silver and 35.3 thousand ounces of gold or 8.7 million Ag Eq* ounces.
Northair Silver Corp. is pleased to announce the results of its updated resource estimate prepared by Allan Armitage, PhD, P. Geo. and Joe Campbell, B.Sc., P. Geo., of GeoVector Management Inc. for its flagship La Cigarra silver project located in Chihuahua State, Mexico. Northair’s first resource estimate for the Project was included in a technical report entitled “San Gregorio/Las Carolinas Resources Technical Report, La Cigarra Project, Chihuahua, Mexico” dated effective February 20, 2013.
GOLDCORP INC. today announced the promotion of Brent Bergeron to Executive Vice President, Corporate Affairs and Sustainability. In a related move, Jerry Danni has been promoted to Senior Vice President, Sustainability reporting to Bergeron. The Company also announced that Russell Ball, Executive Vice President, Capital Projects will oversee the Company’s corporate development function. Both Mr. Bergeron and Mr. Ball will continue to report to Goldcorp President and Chief Executive Officer Chuck Jeannes.
“The second quarter marked an important time for Silver Standard’s future. With the acquisition of the Marigold mine complete, we have grown substantially to become the operator of two large open pit mines,” said John Smith, President and CEO. “Our silver-equivalent production and sales increased by 81% and 91%, respectively, compared to the first quarter and we are on track to achieve improved results for the remainder of 2014. We continue to focus on the optimization and life-of-mine plan for Marigold and consistent delivery at Pirquitas. With the addition of our second producing mine, a healthy balance sheet and proven management capability, we are positioned for further growth and success.”
BACANORA MINERALS LTD. is pleased to announce that it has received drilling results from all of the 24 reverse circulation drill holes that were completed on the southern half of the Buenavista concession in December. The Buenavista concession forms part of the lands held by Megalit S.A. de C.V. which is 70 percent owned by Bacanora and 30 percent owned by Rare Earth Minerals PLC. Megalit is part of the Sonora lithium project.
Hecla Mining Company today announced preliminary production results¹ for the fourth quarter and full year 2014, with strong performance from all three mines and the Company exceeding annual gold and silver production guidance.
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