Day: October 27, 2015

“In the third quarter we made several key decisions to reduce spending in light of the challenging market conditions to protect our business during this cyclical downturn”, said Darren Pylot, President and CEO of Capstone. “The decisions to cut operating and capital expenditures and to suspend work on the Santo Domingo project ensure that we maintain the value of our current business, while remaining in compliance with our debt covenants for the foreseeable future.”

GoGold Resources Inc. reports production from the Parral heap leach facility in Chihuahua, Mexico, of 307,822 of silver equivalent ounces at a cash cost of $5.44 for the quarter ending September 30, 2015. The Company has now produced in excess of one million silver equivalent ounces at Parral at a cash cost of $5.76 per silver equivalent ounce. The company believes that Parral is and will continue to be one of the lowest cost silver producers in Mexico.

Gold Resource Corporation declares its monthly instituted dividend of $0.01 per common share for October 2015 payable on November 23, 2015 to shareholders of record as of November 11, 2015. Gold Resource Corporation is a gold and silver producer with operations in Oaxaca, Mexico and exploration in Nevada, USA.

Yamana’s Executive Vice President, Finance and Chief Financial Officer Charles Main provided comments on the Transaction as follows: “We are very pleased to have completed this transaction. The streams that we have put in place do not have significant impacts on the projects to which they relate. They represent a modest portion of our copper and silver production which are secondary metals to Yamana and they do not impact our exposure to our primary metal which is gold. With this deal, and with the successful completion of a deal on Brio Gold, the goal and expectation is to be in a position to have generated cash proceeds well in excess of the amount required to complete the pay down of our credit facility prior to year end, which was one of our strategic objectives for the year…”

McEwen Mining Inc. is pleased to announce record total production for the third quarter, and the first nine months of 2015, of 43,390 and 115,988 gold equivalent ounces respectively. The star performer during the quarter was the El Gallo Mine.

“We have continued to reduce our all-in cash costs both year-over-year and throughout the current year despite a dramatic fall in base metal prices,” said Darren Blasutti, President and CEO of Americas Silver Corporation. “The Galena hoist was not remedied until mid-September, however we were still able to increase tonnage and reduce both cash costs and all-in sustaining costs through disciplined operations and reduced spending. In addition, we are achieving our 2015 strategic objectives to lower operating costs and improve productivity at both of our operations, while ramping up silver-lead production at the Galena Complex.”