From Russia to South Africa to North America, the biggest producers saw profits turn to losses as prices plunged, forcing them to cut spending on mines in half over three years. While bullion output would probably reach a record this year, the increase would be the smallest in at least six years, before production dropped 1 percent in 2016, according to Barclays.
McEwen Mining Inc. is extremely disappointed to report an armed robbery occurred today at our El Gallo 1 mine in Sinaloa, Mexico. An estimated 900 kilograms of gold-bearing concentrate containing approximately 7,000 ounces of gold were stolen from the refinery. The crime is being vigorously investigated by the Mexican authorities.
GOLDCORP INC. is pleased to declare its fourth monthly dividend payment for 2015 of $0.05 per share. Shareholders of record at the close of business on Friday, April 17, 2015 will be entitled to receive payment of this dividend on Friday, April 24, 2015.
Gainey Capital Corp. is pleased to announce the initial results from its ongoing surface sampling program at its 100% owned El Colomo property located in the Sierra Madre Occidental Trend in Western Mexico. Analytical results received from the first 23 stream sediment samples and 3 rock chip-channel samples include strongly anomalous results. These samples were taken by IMDEX/Cascabel and were analyzed by ALS Minerals.
Mexus Gold US confirmed today that the terms of the signed contract between First Pursuit Silver de Mexico S. de R.L. de C.V. and Mexus have not been met. The company is reviewing all options with legal counsel and will update shareholders as the matter progresses. CEO Paul Thompson added, “Obviously we are disappointed…
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