Torex Gold. A pesar del costo adicional para garantizar la seguridad de sus operaciones, las empresas ven un panorama positivo a partir del potencial en el llamado Cinturón de Oro
Mr. Alain Lambert, Chairman and CEO of Cyprium stated: “While we have accomplished much from an operational standpoint over the last year, we are disappointed that there was a delay in the completion and filing of our 2015 audited statements. We do not have any audit issues and the operations in Mexico continue according to plans. The delay is in part due to the complexity of certain aspects of the Potosi joint venture. The trading in the shares of the Company will be halted until the financials are filed.”
Minera Alamos Inc. is pleased to announce closing of the second tranche of its previously announced private placement for aggregate proceeds of $500,000.
México produjo 189.5 millones de onzas de plata en 2015, un aumento de 3.2 millones de onzas, 2.0 por ciento respecto a 2014, con lo que logró la mayor producción global de este metal en la historia reciente, según el Instituto Mundial de la Plata.
Endeavour CEO Bradford Cooke commented, “In the First Quarter of 2016 we delivered on our plan to minimize all-in sustaining costs and improve after-tax free cash flow. We also raised $9.1 million of equity financing during the quarter to improve our working capital and fund some of our growth projects, primarily exploration and engineering at Terronera. Aggressive step-out drilling is now under way at Terronera to further test the Terronera vein and other prospective veins. The next phase of engineering work will also get under way in the second quarter as part of the Terronera pre-feasibility study.”
“Consistent with our strategy to grow despite price weakness, the first quarter production was the highest in our 500 quarter history,” said Phillips S. Baker, Jr., Hecla’s President and CEO. “Our focus on high return growth like we have at San Sebastian gives Hecla leverage to increasing silver prices. And Casa Berardi’s growing production from the East Mine Crown Pillar pit should do the same for gold.”
La Soledad, situated approximately 1,000 metres south of the main La Cigarra silver deposit (Las Carolinas Zone) and 500 metres south of the Las Venadas Zone, contains a number of mine dumps and historic mine workings that exploited a series of silver bearing quartz veins. Rock sampling here was conducted over a 500 metre long north-south striking area. Of the 70 rock samples taken during the recent program, one channel sample returned a high value of 252.0 g/t silver and 20% lead over 1.2 metres. In total, 35 samples reported grades exceeding 10 g/t silver with many samples returning high values of lead.
San Marco CEO, Bob Willis stated; “The first stage of target definition is now complete. The incorporation of additional geological information and target prioritization is expected to be completed within two to three weeks. The mere number and quality of targets generated at this point is mind boggling. We have a lot of work to do, such that over the next couple of weeks, the SMN field team is making field access, logistics and personnel preparations so we can ‘hit the ground running’.”
IMPACT Silver Corp. is pleased to announce more high-grade drill results for silver over wide widths from the Deeps Zone of the San Ramon Mine in central Mexico. These new drill intersections are located below previously reported drill intersections and indicate the zone is becoming wider and higher grade with depth. Results from these new drill holes are as follows:
McEwen Mining Inc. is pleased to announce consolidated quarterly production of 37,958 gold equivalent ounces and earnings from mining operations of $19.5 million for the three months ended March 31, 2016. The El Gallo Mine in Mexico had an outstanding quarter, producing at total cash costs and all-in sustaining costs per gold equivalent ounce of $432 and $532, respectively. The San José Mine in Argentina also performed well, and as a result we received a dividend of $2.6 million from MSC in the quarter, compared to a $0.5 million dividend received during all of 2015.
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