“Great Panther’s third quarter 2015 financial results benefited from continued reductions in cash cost, all-in sustaining cost, and from production growth which helped mitigate further weakness in silver and gold prices,” stated Robert Archer, President and CEO. “All-in sustaining cost for the third quarter was once again below current silver prices…”
ALIX RESOURCES CORP. announces an initial-phase work program on its newly acquired Electra Project located in Sonora, Mexico, set to commence in the coming weeks. Alixs Electra Project consists of two large exploration concession applications covering 22,625 hectares adjoining Bacanora Minerals Ltd. and Rare Earths Minerals PLC ‘s Sonora Lithium Project.
“During the third quarter we delivered solid production performance, with Greens Creek continuing to lead the way. Cash costs, after by-product credits, were higher because of the weak price of our by-product metals,” said Phillips S. Baker Jr., Hecla’s President and CEO. “Hecla’s cash flow and balance sheet have allowed continued investment in capital improvements, growth and exploration initiatives; the benefits of which are just beginning to be realized. We expect San Sebastian to start processing ore by year end, Casa Berardi is accessing a newly discovered, high-grade stope and the Lucky Friday has returned to full production after replacing the main ventilation booster fans.”
Minaurum Gold Inc. is pleased to announce that it has agreed to loan Guerrero Ventures Inc. CDN$770,000 to explore the Biricu Project located in the Guerrero Gold Belt, Mexico. The exploration work will be conducted by Minaurum, as contractor to Guerrero. Drilling services and certain other work will be conducted by third party contractors.
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