Day: July 15, 2015

U.S. Fund to Invest up to A$3.25 Million in Azure

Azure’s Managing Director, Mr Tony Rovira said: “The North American capital markets are a natural fit with Azure’s Mexican projects and a key priority in providing long term support for our growth objectives. Participation in Azure from this leading U.S. institutional investor is particularly pleasing and complements the investment by our largest shareholder Drake Investments Inc., indicating confidence in our programs and potential for success.

Morro Bay Closes Private Placement Financing

Morro Bay Resources Ltd. is pleased to announce it has closed its Private Placement previously announced April 6, 2015. The Private Placement consisted of the issuance of a total of 10,580,000 Units at a price of $0.05 per unit for gross proceeds of $529,000.

Golden Minerals Leases Oxide Plant To Hecla

Golden Minerals Company announced today that its wholly-owned subsidiary, Minera William S.A. de C.V., owner of the Velardena Properties in Durango State, Mexico, has entered into a lease agreement with Minera Hecla, S.A. de C.V., a wholly-owned subsidiary of Hecla Mining Company.

Argonaut Gold Announces Second Quarter 2015 Production of 36,529 Gold Equivalent Ounces

Pete Dougherty, Argonaut Gold’s President and CEO, said “I am pleased with the progress at all of our properties as we advanced production and exploration efforts. We built a strong cash position during the first half of the year which allowed us to make the final payment on the San Agustin property. At June 30, 2015 we had $44 million in cash after investing $22 million into capital projects during the first half of 2015, and making the $23 million payment for San Agustín…”

Tamino Minerals Schedules Exploration Program Start

Tamino Minerals is actively working with its geologists to start the exploration program for 2015 on 2 of our Mining Exploration Projects. The program is expected to begin during Q3 2015 and last approximately 6 months.

Fortuna reports production of 1.7 million ounces of silver and 9,032 ounces of gold for the second quarter 2015

Fortuna Silver Mines Inc. is pleased to announce second quarter production figures from its two operating mines in Latin America, the San Jose Mine in Mexico and the Caylloma Mine in Peru. The company produced 1.7 million ounces of silver, 9,032 ounces of gold and significant base metal by-products. Silver and gold production for the first six months of the year totaled 3.3 million and 18,771 ounces respectively; reflecting 51 percent and 53 percent of the company’s annual guidance. Fortuna is on schedule to produce 6.5 million ounces of silver and 35.3 thousand ounces of gold or 8.6 million ounces of Ag Eq in 2015.

All News