Month: April 2015

Por tercer mes consecutivo la producción de acero en México registró una caída. Durante marzo la producción nacional de acero crudo fue de un millón 625 mil toneladas, una caída de 5.2 respecto al mismo mes de 2014 cuando se registraron un millón 714 mil toneladas, según la Asociación Mundial del Acero (WSA, por sus siglas en inglés).

The Company issued an aggregate of 4,620,000 common shares at a price of C$6.50 per Common Share for gross proceeds of C$30,030,000.

Adjusting our reported results to exclude the impact of currency variations, restructuring and nonrecurring expenses, and excluding PMV and Venezuela, our first quarter performance was even stronger, with revenues up 19% and EBITDA increasing 22%. This demonstrates our company wide commitment to achieving margin expansion through innovation and ongoing operating efficiencies. Mexichem’s increased scale, resulting from a combination of organic initiatives and recent acquisitions enabled us to successfully maintain this discipline, despite the economic headwinds that we faced in a number of markets,” said Antonio Carrillo, Chief Executive Officer.

Immediately upon completion of the Arrangement, a share consolidation (one new for ten old) will take place and the combined company will change its name to Alianza Minerals Ltd. Alianza will have 10.8 million shares outstanding before the completion of the financing.

This represents the Company’s 11th consecutive semi-annual dividend and once again demonstrates its commitment to returning value to shareholders. Including the current dividend, the Company has returned a total of $106 million to shareholders through dividends and share repurchases over the past five years. This dividend represents a decrease from previous levels, a reflection of both the sharp decline in the price of gold and our transition to a growth phase as a Company….

McEwen Mining Inc. is pleased to announce drill results that we expect will extend the mine life and improve the gold grade of El Gallo 1. Drilling is ongoing and an updated resource estimate for El Gallo 1 will be released in Q3 2015.

Production is steadily getting back on track at Platosa,” stated Brendan Cahill, President and Chief Executive Officer. “We have further development work ahead of us to resume production rates of 200 tonnes-per-day, but our team continues to identify areas where costs can be further reduced or streamlined, which will serve us well going forward. The greatest opportunity at Platosa continues to be the improved water management system we have been developing, which we expect to provide an update on in the near term.”

“Our ongoing focus on cost management and operational performance, aided by the strong U.S. dollar, is enabling our diversified business to withstand the generally weak commodity price environment, allowing all of our operations to generate positive operating cash flows after our sustaining capital spending,” said Don Lindsay, President and CEO.

Alain Lambert, Chairman of the Company stated: “With the financing announced today we have now completed CDN $1,500,000 of financings in the last five days. The small equity financing we closed today is in addition to the US $1 million first tranche financing disbursed on Friday April 17. Friday’s disbursement is part of a larger US $4.5 million which we announced in early March…