Day: August 5, 2015

“Great Panther’s second quarter 2015 financial results reflect solid growth in revenue, margins and cash flow, in spite of further declines in silver and gold prices,” stated Robert Archer, President and CEO. “Improved grades, record production and the strengthening of the US dollar all contributed to the strong financial results and to significant reductions in our cash cost and all-in sustaining cost. “Based on the strength of our results year-to-date, we are pleased to announce a decrease in our cash cost and all-in sustaining cost guidance for 2015 which accompanies the increase in production guidance issued in early July…”

VENDOME RESOURCES CORP., a Toronto, Canada based minerals exploration company with exploration assets in Guerrero State, Mexico and the Borden Lake Gold District, Ontario, Canada, is pleased to announce the appointment of Mr. Rodney Ireland to its Board of Directors.

McEwen Mining Inc. is pleased to report our financial and operating results for the three months ended June 30th, 2015. The Company had record quarterly production of 39,164 gold equivalent ounces and reported cash flow from operations of approximately $6 million or $0.02 per share. The El Gallo Mine in Mexico was the key performer in the quarter, producing at a cash costs and all-in sustaining costs per gold equivalent ounce of $351 and $546, respectively.

“Second quarter 2015 production was weaker than expected due to challenges including water inflow management, slower than expected mine development and an illegal mine protest and work stoppage,” stated Gold Resource Corporation’s CEO and President, Mr. Jason Reid. “Halfway through the 2015 production year, the Company has produced 15,135 ounces of gold and 1,370,625 ounces of silver, delivering approximately 96% of expected gold production and 92% of expected silver production of the Company’s lower range 2015 annual Outlook…”

The net proceeds of the private placement are expected to be used to advance work on Companys projects and for general working capital purposes. Finders’ fees consisting of cash and warrants may be payable on a portion of the private placement financing. Insiders of the Company will participate in the private placement financing.

“Primero has delivered strong operating results in the second quarter,” stated Joseph F. Conway, Chief Executive Officer. “Our platform San Dimas mine delivered near-record production levels and continues to exceed expectations. The mine delivered close to 3,000 tonnes per day well ahead of schedule and the mill exceeded its nameplate capacity, with an impressive 2,816 tonnes per day average throughput during the quarter…”

“The Credit Facility enhances our already strong balance sheet and provides flexibility to execute on our growth strategy,” said Paul Benson, President and CEO. “The added financial capacity is underpinned by the strength of our operations and maintains our attractive share capital structure for shareholder value.”