Day: July 12, 2016

Southern Silver Clarifies Trading on the OTCQB

Southern Silver Exploration Corp. would like to clarify it earlier press release dated July 12, 2016 in which it announced that its shares had commenced trading on the OTCQB Marketplace. The Company is in the final stages of submitting all the required documents to upgrade its U.S. listing to the OTCQB Marketplace, and it anticipates that the process will be completed later this week at which time final notice will be given.

Piden a mineros cuidar su fuente de empleo

En el marco de la celebración del Día del Minero, el secretario general del Sindicato Minero Metalúrgico don Napoleón Gómez Sada, Carlos Pavón Campos, pidió a los trabajadores que cuiden sus empleos.

Alset Provides Update on Mexican Lithium Salars and Ontario Projects

Alset Energy Corp. is pleased to announce that the Company continues to move towards completion of the definitive agreement to acquire a right to earn 100% in the previously announced Mexican lithium, potassium and boron brine salar assets located in Zacatecas and San Luis Potosi, Mexico. Alset’s Mexican subsidiary, Grupo Minero Alset, has been incorporated and registered with the requisite government authorities. In addition, the Optionors, through Alset’s legal counsel in Mexico, are filing all documentation with the governing bodies with respect to the mineral concessions. Permitting for exploration and development work will start immediately after the completion of the definitive agreement.

Canarc Provides Update on Strategic Plans

With the closing of the sale of Oro Silver in the 2nd quarter to Endeavour Silver, Canarc is now in its strongest financial position in twenty years, with approximately $6 million in cash and $6.5 million in Endeavour shares (based on the recent Endeavour share price). The enhanced treasury allows the Company to expand its growth strategies and pursue larger M&A opportunities in order to create additional value for shareholders.

First Majestic Produces 4.7 Million Silver Eqv. Ounces in Second Quarter

“We delivered a solid second quarter with total production coming in-line with our guidance,” said Keith Neumeyer, President & CEO. “I am most pleased to see the grade and recovery increases at Del Toro following improvements in dilution control and the implementation of a flash-flotation approach within the processing plant. In addition, the La Encantada plant resumed normal operations in early May following mechanical modifications to the crushing and grinding areas. These modifications required a temporary mechanical delay which resulted in lower milling rates throughout most of April. At Santa Elena, the operation continues to exceed our production expectations largely in part due to the continued success in mill optimization. As a result, metallurgical recoveries of silver at Santa Elena achieved a new quarterly record of 89% during the second quarter.”

Fortuna reports production of 1.6 million ounces of silver and 9,365 ounces of gold for the second quarter 2016

Fortuna Silver Mines Inc. is pleased to announce second quarter production figures from its two operating mines in Latin America, the San Jose Mine in Mexico and the Caylloma Mine in Peru. The company produced 1.6 million ounces of silver and 9,365 ounces of gold plus base metal by-products. Silver and gold production for the first six months of the year totaled 3.2 million and 18,629 ounces respectively; being 7 percent and 10 percent above the company’s mid-year projection. Fortuna’s production guidance for 2016 is 7.0 million ounces of silver and 42.8 thousand ounces of gold or 9.6 million ounces of Ag Eq.

Orex Minerals Inc. Joins the OTCQX Market in the United States

“We are pleased to welcome Orex Minerals Inc. to our OTCQX Best Market,” said Jason Paltrowitz, Executive Vice President of Corporate Services at OTC Markets Group. “Upgrading to OTCQX will allow Orex Minerals to broaden its visibility with new investors through transparent trading, convenient access to its news and financial disclosure and dedicated capital market support.”

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