Azure’s Managing Director, Tony Rovira, commented: “I am pleased to present this maiden JORC Mineral Resource for the Cascada deposit, which adds substantially to the resources already identified at Promontorio. I am confident that with the exploration being undertaken under the Earn-In and Joint Venture Agreement with Kennecott, more targets will be identified that could further increase the overall resource base of the Promontorio Project.”
“We are pleased to report first quarter 2015 financial results reflecting significant improvements in our operating cash-flow and margins”, stated Robert Archer , President and CEO. “Despite metal prices that are down significantly from the first quarter of last year, the strengthening of the US dollar, improved grades, and addition of production from San Ignacio since it commenced commercial production last June, all contributed to a significantly improved quarter….
“We have reported a solid start to the year by delivering another quarter of strong performance from the cornerstone Young-Davidson mine and have demonstrated an impressive start to the second quarter with Young-Davidson reporting underground productivity of 4,900 tonnes per day in April, near the mid-point of our year-end target.” stated Scott Perry , CEO of AuRico Gold. He continued, “During the quarter the Company also announced a merger of equals with Alamos Gold…
The Company reduced its net loss to $3.4 million in the first quarter 2015 compared to $5.7 million in the first quarter 2014. The difference is primarily attributable to revenue of $2.3 million recorded in the current quarter compared to no revenue in the first quarter 2014; the absence of Velardena care and maintenance expenses in the current quarter as opposed to $1.2 million in the 2014 period;$0.6 million lower exploration expenses and $0.4 million lower general and administrative expenses in the 2015 quarter…
Alianza Minerals Ltd. is a prospect generator focused on the Americas, particularly the Cordilleran regions that characterize western North and South America. Alianza will have four projects in Peru, ten in Nevada, three in Mexico, and five in Yukon, and the flexibility to acquire new projects in the Americas as opportunities arise.
Telson Resources Inc. is pleased to announce that it has signed a Letter of Intent with Reyna Minas, S.A. de C.V. a private Mexican mining group focused on the acquisition and development of mining projects in Mexico. The proposed transaction will take the form of a corporate restructuring, including a private placement and share consolidation of the outstanding common shares of the Company, whereby upon full implementation, the Investors will collectively become the control persons of Telson.
Kinross Gold Corporation has announced the detailed voting results of the election of its Board of Directors, which took place at the Company’s Annual and Special Meeting of Shareholders held in Toronto on May 6, 2015.
San Marco Resources Inc. announces its recent field exploration program at the 100% owned Cuatro de Mayo Project in Sonora, Mexico resulted in the expansion of three previously-identified targets (Chunibas, Valle and Oregano) and the identification of two new targets (Tabacote and Chinos).
Endeavour CEO Bradford Cooke commented: “We returned to positive earnings in Q1, 2015 thanks to improved operating cash flow and EBITDA driven by reduced cash operating costs and all-in sustaining costs compared to Q4, 2014. Each of our three mining operations performed better than plan in the first quarter to give us a good head start on the year.
“Primero has delivered a strong start to 2015,” stated Joseph F. Conway, Chief Executive Officer. “Our platform San Dimas mine achieved record production levels and continues to exceed operational expectations, delivering significant cash flow for the Company. I am extremely proud of our operating team for the success they have achieved at this mine, as it continues to show improved grades, higher throughput, lower costs and more operational flexibility…
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