Catalyst Copper Corporation announces a private placement of $300,000 with Mr. Richard Warke, President and CEO and a director of the Company and Mr. Frank Giustra, a director of the Company.
Minera Alamos Inc. outlined today its near-term objectives for the development of its Los Verdes copper-molybdenum project in Sonora, Mexico. As previously reported, the Company is in the process of moving towards a production decision, targeting project construction to commence in 2016. Minera Alamos intends to issue an updated Preliminary Economic Assessment prior to the end of the year.
“Avino is pleased to report another successful quarter of financial and operational results. We have maintained an efficient cost structure while advancing and expanding our operations. Our low all-in sustaining consolidated cash costs of $11.72 per AgEq is consistent with previous quarters and we continue to review opportunities to further reduce costs and improve efficiencies. Softer metal prices continue to present challenges however our strong financial and operational condition, and the recent receipt of $US10 million prepayment from Samsung, has well positioned the Company to advance and meet its objectives. ” stated Malcolm Davidson, CFO.
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