Month: August 2015

* Net loss of (US)$3.9 million in the second quarter 2015, compared to losses of $5.0 million in the second quarter 2014 and $3.4 million in the first quarter 2015
* Generated approximately 125,000 payable silver equivalent ounces (AgEq oz) and sold approximately 133,000 silver equivalent ounces, compared to 126,000 payable AgEq oz generated and 139,000 AgEq oz sold in the first quarter 2015

SciVac, which is partially owned by Opko Health, Inc., recently became a public entity and began trading on the Toronto Stock Exchange.

Solitario Exploration & Royalty Corp. is pleased to announce that it has extended the expiry date of its US$5.0 million secured credit facility agreement with RMB Australia Holdings Limited dated August 10, 2012. The expiry date of the Facility was extended to allow for any additional time that may be necessary to close the previously announced sale of Solitario’s 80% membership interest in the Mt. Hamilton project to Waterton Nevada Splitter, LLC, a wholly-owned subsidiary of Waterton Precious Metals Fund II Cayman, LP for US$24.0 million.

“Despite lower silver prices, we continue to advance growth projects like San Sebastian and #4 Shaft at Lucky Friday for their potential to increase production of high-grade ounces at low cash costs, after by-product credits,” said Phillips S. Baker, Jr., Hecla’s President and CEO. “Our assets, particularly Greens Creek with its recent improvements in recovery, have allowed us to weather the metals price weakness, and we retain the ability to reduce costs and programs if prices remain weak or go lower. With expected mining at San Sebastian early in 2016, and, combined with the deeper Lucky Friday in three years, we anticipate the addition of significant additional cash flow, further strengthening us going forward.”

Endeavour CEO Bradford Cooke commented, “Our strong operational and financial performance in the Second Quarter, notwithstanding lower metal prices, allowed us to add $9.5 million in net cash to the balance sheet. We are also on track to meet our production guidance and beat cash cost and AIS cost guidance for 2015.

El objetivo del plan de derechos es proteger a los accionistas frente a las estrategias de compra coactivas y dar al consejo de dirección el tiempo adecuado para identificar, desarrollar y negociar estrategias alternativas en respuesta a cualquier licitación de compra no solicitada realizada por medio de las acciones ordinarias de AuRico Metals sin una presión indebida…

“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.