Day: May 28, 2015

IMPACT Silver Announces First Quarter 2015 Financial and Production Results

The Company’s strategy of focusing on higher grade mineral on both the exploration and production fronts is proving effective. The Cuchara-Oscar Mine is now providing 51% and the San Ramon Deeps Mine, discovered and opened in 2014, contributed 39% of the total mill feed to the Guadalupe Production Centre, which is now averaging 189 grams per tonne silver. The objective continues to be to increase the overall silver head grade in the Zacualpan District in 2015 to approach the historical highs in excess of 200 g/t…

Aura Minerals Announces Private Placement for Gross Proceeds of CAD$6.1 Million

Mr. Jim Bannantine, the Company’s President & CEO stated, “With current market conditions and the limited ability to raise financing for junior mining companies and developers such as Aura, we see this financing as a show of confidence in Aura and our revised strategy. This Private Placement will be beneficial to all shareholders. Not only will this allow Aura to strengthen its balance sheet by reducing our debt, but also give the Company more flexibility and options moving forward as we refocus in 2015. The shares are being placed at a premium to market to a new, non-related, overseas, diversified, value-oriented private investor.

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