Month: July 2015

Gold Resource Corporation reports preliminary production results for the second quarter ended June 30, 2015 of approximately 6,788 ounces of gold, 580,326 ounces of silver and significant base metals during a challenging second quarter…

McEwen Mining Inc. is pleased to announce it has received reimbursement for approximately 80% of the fair value of the loss due to the robbery that occurred on April 7th, 2015 at the El Gallo Mine. Consequently, the financial impact of the robbery is reduced to approximately US$1.6 million, and McEwen Mining now has cash and precious metals totaling US$33 million.

Kootenay Silver Inc. is pleased to announce it has initiated the maiden NI 43-101 resource estimate including a metallurgical study at the La Negra silver discovery located in Sonora, Mexico. In addition to the resource estimate and metallurgical work, the company announces a non-brokered private placement of up to 5 million units at a purchase price of $0.30 per Unit, for aggregate gross proceeds to Kootenay of up to $1,500,000.

NWM Mining Corporation announces that at the Company’s Annual General and Special Meeting held on July 15, 2015, the shareholders of the Company approved the Company’s proposed plan of arrangement under the Business Corporations Act (Ontario) involving GFM Minera S.A.P.I. de C.V. and one of its affiliates, and the Company’s lender, Global Resource Fund, as previously disclosed in the Company’s news release dated June 8, 2015. Pursuant to the Arrangement, GFMM will acquire each outstanding common share of NWM for cash consideration of C$0.005.

Excellon Resources Inc., Mexico’s highest grade silver producer, is pleased to announce the filing of a National Instrument 43-101 technical report for the independent preliminary economic assessment by Roscoe Postle Associates Inc. on the proposed optimization project for the Company’s Platosa Mine in Durango, Mexico.

“Higher grades and recoveries at Greens Creek during the quarter continued to improve the mine’s already strong performance,” said Phillips S. Baker, Jr., Hecla’s President and CEO. “For a mine producing over 7 million ounces of silver a year, an 8% increase in silver recovery is a significant value driver, especially when coupled with the higher grades. We expect these recoveries and grades to continue at Greens Creek through the remainder of the year.”

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.