Month: February 2016

“We continue to demonstrate upside through exploration at our two operating mines,” stated Ernest Mast, President and Chief Executive Officer. “Continued investment in exploration is critical to maintaining successful underground mining operations, and we are pleased to see significant returns on our investment dollars. Primero will continue to explore and grow our mines with $9.1 million budgeted for exploration at San Dimas in 2016 and $8.9 million at Black Fox. The Company is committed to preserving the longevity of its key mines, ensuring stable revenue generation and secure employment for our workers for years to come.”

Riverside’s President and CEO, John-Mark Staude, stated: “We are pleased to be adding new quality gold and copper targets to the Riverside portfolio for low acquisition and go-forward carrying costs. We will look forward to completing follow up sampling and further field evaluations at Ariel in 2016. Winning rights to stake properties through the Mexico lottery system has been one way for Riverside to continue to add quality assets at deep discount prices without any underlying deal terms or royalties.”

Baja Mining Corp. is pleased to report that Tom Ogryzlo — Interim CEO and Director, and Wolf Seidler — Director, visited the Boleo Mine on February 19, 2016, and met with operations management of Minera y Metalu?rgica del Boleo, S.A. P.I. de C.V. to discuss progress at Boleo, including both the underground and open pit mining and the process plant production ramp-up.

“The Plant is open for business,” said Robert Eadie, President of the Company. “This is a huge milestone for us in Mexico. With Altiplano’s leaching process, we are able to offer the local miners more flexible financing options compared to what is currently being made available to them by smelters and international traders. We see the Altiplano Plant as a synergistic cash-flow producing arm of the Company, growing our asset base for our shareholders.”

La Mina Mulatos del corporativo Alamos Gold Inc., enclavada en la Sierra Madre Occidental en territorio Sonorense, ha logrado un record difícilmente igualable en la Industria Minera al alcanzar recientemente 4 Millones de Horas-Hombre trabajadas sin accidentes incapacitantes en la mina Mulatos de su filial Minas de Oro Nacional, lo cual la posiciona como una de las empresas más seguras no solo de la Industria Minera sino del sector industrial en general.

“This was a difficult decision,” stated Robert Archer, President & CEO. “However, our 2015 exploration program did not yield the results we had anticipated and, after an extensive review, we concluded that the project does not meet the criteria for our current growth strategy. Vista has been a terrific partner and we wish them all the best in advancing the GDLR Project to its full potential.”