Month: May 2015

“We are pleased to report the first quarter of 2015 operational and financial results. Although average realized metal prices were lower than those of the same quarter last year we reported solid operating income from mining operations due to the hard work of our team to maintain a low production cost structure. With the expansion of our mine behind us, we can now focus on advancing the Avino Mine to further increase and improve our mining operation,” stated Malcolm Davidson, CFO.

Candente Gold Corp. advises that further to News Release 039 (dated October 2, 2014), the Toronto Stock Exchange has advised that common shares of the Company will be delisted from the TSX at the close of business on June 8, 2015 for failure to meet continued listing requirements…

Endeavour Silver Corp. released today a positive Preliminary Economic Assessment for its emerging new high grade silver-gold discovery on the large (6,159 hectares), historic (discovered 1542) and prospective (more than 50 old mines) Terronera Project (previously known as San Sebastian) in Jalisco State, Mexico.

Soltoro Ltd. is pleased to announce that it has mailed its management information circular and related proxy materials to its shareholders and other securityholders in connection with the special meeting of Securityholders to be held at 9:00 a.m (Toronto time) on June 4, 2015.

Jim Bannantine, the Company’s President and Chief Executive Officer stated, “While markets have had direct negative impacts on Aura and its peers, we have been able to reduce our third party debt requirements through the generation of operating cash flows. The signing of the agreement at the end of April to purchase the Ernesto / Pau-a-Pique Project in Brazil means that Aura will be able to realize — feasibility studies permitting — a stream of cash flow to replace Sao Francisco in Q1 2016…

Entered into a strategic financing agreement with Minera del Norte S.A. de C.V. (MINOSA), an owner and operator of mines and vertically integrated processing facilities (with worldwide assets of more than $750 million and net sales of $900 million) to facilitate Odyssey’s offshore exploration business. MINOSA agreed to extend short-term debt financing to Odyssey of up to $14.75 million, of which $11 million has been provided to-date. In addition,..

United States Antimony Corporation reported net income of $440,028 on Q1 2015 on sales of $2,947,381, compared to a loss of $358,170 in Q1 2014 on sales of $2,952,314. The profit was due to a negotiated adjustment of $914,770 to the Company’s cost of raw materials. The price of antimony metal was at a multi-year low of $3.60 in January on the London Metal Exchange and is now at $3.91 reportedly due to the closure of numerous antimony smelters in China last month.

McEwen Mining Inc. is pleased to report our financial results for the three months ended March 31, 2015. Reported earnings from mining operations were $17.2 million with cash flow from operations of $5.6 million. Our gold equivalent production was 33,434 ounces at total cash costs and all-in sustaining costs of $674 and $948 per ounce respectively.

Frederick H. Earnest, President and Chief Executive Officer, commented, “With the funding obtained from non-dilutive sources in the first quarter of the year, we now have a much stronger balance sheet and are better able to sustain our planned activities…