Integrantes de unas cuatro organizaciones civiles de Chiapas y Tabasco realizaron este miércoles una marcha en Santo Domingo Zanatepec, en la región del Istmo, en apoyo de quienes se oponen al proyecto minero concesionado por la federación a la empresa canadiense Minaurum Gold Inc en esa localidad.
ALIX RESOURCES CORP. announces that it is increasing the non-brokered private placement announced on February 10th, 2016 from four million units to ten million units at a price of $0.05 per Unit for aggregate gross proceeds of $500,000. Each Unit will be comprised of one common share and one Share purchase warrant of the Company. Each Warrant entitles the holder to purchase an additional Share at a price of $0.075 per Share for a period of 12 months. Proceeds from the Offering will be used for general working capital and to advance the Companys Lithium concessions located in Sonora, Mexico.
Timmins Gold Corp. is pleased to announce an updated National Instrument 43-101 Technical Report for its San Francisco Gold Mine in the state of Sonora, Mexico, prepared by Micon International Limited. The San Francisco Gold Mine is comprised of the San Francisco deposit and the La Chicharra deposit. The report was previously updated as of December 15, 2013. This update incorporates production depletion from the date of the last report, production / confirmation drilling and an update to the resource and reserve assumptions, primarily a lower gold price assumption (Reserves at $1,100/oz gold, Resources at $1,200/oz gold). The update also includes a maiden resource for the San Francisco underground. All figures quoted below are in US Dollars.
MAG Silver Corp. announces the Company’s audited consolidated financial results for the year ended December 31, 2015. For details of the consolidated financial statements, Management’s Discussion and Analysis, Annual Information Form and Annual Report on Form 40-F for the year ended December 31, 2015, please see the Company’s filings on SEDAR (www.sedar.com) or on EDGAR (www.sec.gov). All amounts herein are reported in United States dollars unless otherwise specified.
Colibri Resource Corporation is pleased to announce that their joint venture partner, Agnico Eagle Mines Limited, has informed them that they are planning to drill the Pitaya joint venture property located in Sonora, Mexico. In the Joint Venture, Agnico Eagle holds a 58.84% interest and Colibri holds a 41.16% interest in the Pitaya property.
Millrock President & CEO Gregory Beischer stated: We are pleased to start this new partnership with Centerra Gold. It is a great to see a mining company aggressively acquiring and exploring properties in a challenging market and we are glad to be able to show progress in Mexico to our shareholders.
“Following a productive fourth quarter in 2015, we believe this year is off to a great start with positive developments already coming to fruition. As we continue to await the approval of our Don Diego’ environmental permit, the MINOSA team’s ongoing cooperation and support, in conjunction with the recent agreement with Epsilon, reinforces our belief that MINOSA is the right partner for Odyssey’s offshore mineral exploration business,” said Mark Gordon, Odyssey chief executive officer and president. “Additionally, we recently regained compliance with NASDAQ’s continued listing requirements.”
Fred Stanford, President & CEO of Torex stated: “Achieving commercial production ahead of schedule and under budget is a memorable and significant achievement that the entire team is proud to have been a part of. We offer a special thanks to those many others that have helped in turning our collective intentions into reality.”
“Throughout 2015, we continued to reduce costs while increasing silver-lead production and mine efficiency,” said Americas Silver Corporation President and CEO Darren Blasutti. “At the end of March, our operations were on track to deliver on our production guidance and cash costs of $9.00 – 10.00 and all-in sustaining costs of $11.75 – 12.75 per ounce for 2016. We are also excited about the results of our San Rafael pre-feasibility study and maiden reserve estimate. At current prices, it has a pre-tax IRR of 27% and attractive economic upside through conversion of the existing resource to reserve, as well as resource addition from exploration once underground access has been established. We are starting small with initial capital estimates of approximately $22 million to get into production. The project is expected to produce 5.5 million ounces of silver, 254 million pounds of zinc and 97 million pounds of lead over an initial reserve life of 5.5 years at negative silver all-in sustaining costs.”
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