Day: January 20, 2016

“We had a very solid year operationally and financially in 2015, despite the challenging market conditions,” stated Randall Oliphant, Executive Chairman. “Our operations delivered record gold production that exceeded guidance and our low costs continue to enable us to generate a robust margin even at lower gold prices. At the same time, we successfully advanced our portfolio of growth projects. We completed the New Afton mill expansion project ahead of schedule and under budget and made significant progress in the construction of Rainy River. Importantly, we also strengthened our financial position by$330 million with the completion of the Rainy River stream sale and El Morro transaction.”

Timmins Gold Corp. is pleased to announce that it has signed an indicative term sheet with Sprott Resource Lending Partnership and Goldcorp Inc., which outlines the material terms of an amended and restated credit facility that is expected to replace the existing credit facility.

Fresnillo, que opera seis yacimientos en México, dijo que la producción de plata para el 2015 creció un 4,4 por ciento a 47 millones de onzas, mientras que la producción de oro para el año subió un 27,8 por ciento a 761.712 onzas.