SOURCE EXPLORATION CORP. The Company has filed a response as a third party of interest after receiving notification of an appeal by a neighboring concession owner to an earlier decision by the General Bureau of Mining located in Mexico City regarding an overlapping area of its Las Minas property. The overlapping area comprises approximately 11% of the Las Minas project.
MAG Silver Corp. announced today that the Company will change the ticker symbol of its common shares listed on the New York Stock Exchange from MVG to MAG effective Monday, June 27, 2016. The Company will then trade on both the TSX and NYSE MKT as MAG.
Arturo Préstamo, President and Chief Executive Officer of Santacruz, stated: “We are very pleased to have come to an agreement with JMET and Haywood to restructure the current Silver Pre-Payment Agreement, which strengthens our balance sheet and in particular our working capital. I am also pleased to report that this week we are taking delivery at the Veta Grande Mine of a key piece of mechanized mining equipment that will significantly increase our mine production going forward.”
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