Month: February 2015

Mexus Gold US Placer Operation Update

Mexus Gold US announced today that the placer plant at the Julio Mine is now fully operational. The company will use the first few days to ensure that the wash plant and associated parts are optimized for maximum recovery. As stated in previous press releases, the company expects to recover 5 to 6 ounces of gold per day costing approximately $950. CEO Paul Thompson added, “We are very excited to announce the startup of the placer operation. Our Mine Superintendent, Diego Guillermo Baltazar Garcia, and his crew worked tirelessly over the last few weeks to bring this operation online. We are now focused on obtaining the blasting permit so we can begin the underground operation.”

Lowell Copper Announces Grant of Options

Lowell Copper Ltd. announces that, pursuant to its Stock Option Plan, it has granted incentive stock options to certain directors, officers, employees and consultants of the Company to purchase up to an aggregate of 1,800,000 common shares in the capital stock of the Company. The options are exercisable at a price of $0.45 per common share, will expire on February 13, 2020 and will vest in four equal parts over two years after the grant.

Agave Silver Corp. Closes Sale of Nuevo Milenio Property in Mexico

Agave Silver Corp. is pleased to announce that it has closed its previously announced sale of Agave’s interest in the Nuevo Milenio Property to Frank Lang and Ferdinand Holcapek via the sale of all of the securities of Cream Minerals de Mexico, S.A. de C.V. held by Agave. Cream Mexico holds all right and title to the mineral concessions comprising the Company’s Nuevo Milenio Property.

Hecla Reports Record Silver Reserves for 9th Year in a Row

Hecla Mining Company today reported the results from another successful year of exploration, achieving record silver reserves despite the use of reduced metals prices for the calculation, and net of 2014 silver production.

Primero Reports Fourth Quarter and Full-Year 2014 Results, Record Production and Strong Operating Cash Flow

Primero Mining Corp. today reported financial and operational results for the fourth quarter and year ended December 31, 2014. On January 20, 2015 the Company reported record production of 225,100 gold equivalent ounces, a 57% increase over 2013, at low cash costs of $687 per gold equivalent ounce. Today the Company reports record revenues in 2014 of $274.6 million, operating cash flow before changes in working capital of $73.7 million ($0.48 per share), a net loss of $224.4 million ($1.48 per share) including $209.0 million ($1.37 per share) in non-cash impairment charges and adjusted net income of $5.4 million ($0.04 per share).

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