Day: August 7, 2015

“The strategic financing agreement with Penelope Mining, which received strong stockholder support, has the potential to transform our company and increase stockholder value dramatically,” said Mark Gordon, Odyssey president and chief executive officer. “It will not only provide capital necessary to move forward on our pipeline of offshore projects, but more importantly we believe that the strategic guidance and resources will be a crucial catalyst to our future success.”

La inversión en la minería en México cayó 38.49 por ciento entre 2012 y 2014, al pasar de 8 mil 43 millones de dólares a 4 mil 948 millones de dólares, reveló la Cámara Minera de México (Camimex).

Jorge A. Ganoza, President and CEO, commented, “We continue to focus on cost control, productivity and margins. Mine plan flexibility at Caylloma and strong performance at San Jose continue to sustain our operating and financial results in spite of a challenging metal price environment.” Mr. Ganoza continued, “Key capital projects remain on schedule as we look forward to the commissioning of the San Jose Mine expansion from 2,000 to 3,000 tpd in mid-2016.”