Day: October 13, 2015

First Mexican Gold Corp. is pleased to announce, further to its September 22, 2015 press release, it has executed a definitive agreement with Link Natural Resources FZC (LNR), a private entity in the United Arab Emirates (Dubai) to form a 50/50 Joint-Venture in order to further advance the Guadalupe project. LNR will acquire a 50% working interest in exchange for a scheduled investment within the first year totaling $8.0 million (all funds US) in accordance with the following:

AuRico Metals Inc. today announced that Scott Perry has resigned from his position as executive Chairman, as he takes on the CEO role with a large gold mining company. Mr. Perry will remain a member of the AuRico Metals Board of Directors. Richard Colterjohn, previously an AuRico Metals Director, has been appointed non-executive Chairman of the Board.

DynaResource de Mexico SA de C.V., the 100% owner of the San Jose de Gracia Project, located in the County of Sinaloa de Leyva, State of Sinaloa, Mexico, announces that it has been awarded in excess of $48 M USD in damages from Goldgroup Resources Inc. on October 05, 2015, by virtue of a Sentencia Definitiva issued by the Thirty Sixth Civil Court of the Superior Court of Justice of the Federal District of Mexico (Tribunal Superior de Justicia del Distrito Federal), File number 1120/2014. The Definitive Sentence included the considerations and resolutions by the Court, and in addition to the Goldgroup Damages, additional Resolutions were also ordered in favor of DynaMexico.

“Production for the third quarter met our expectations and we remain on track to meet our overall 2015 production guidance, with Minto operating above expectations for the quarter and Pinto Valley and Cozamin overcoming earlier production challenges,” said Darren Pylot, President and CEO of Capstone. “We are particularly pleased that the operational improvements at Pinto Valley are starting to be realized, achieving a monthly throughput record for Capstone in September.”

“Avino’s excellent third quarter results underscore the growing strength and quality of our mining operation. We delivered strong operating results and are well positioned to meet management’s production expectations going forward. Refinements in the mill are underway to remove deleterious minerals and improve payables, exploration drilling has commenced at the San Gonzalo mine and deliveries to Samsung are underway. We have positioned the Company for great success for the remainder of the year and years to come,” David Wolfin, President, CEO & Director, Avino Silver & Gold Mines Ltd.