Day: August 4, 2016

Candente Gold Corp. is pleased to announce that the non-brokered private placement launched on July 11th, 2016 has been fully-subscribed. The Company may increase the size of the Private Placement to accommodate additional qualified investors who subscribe by 5pm PST on Thursday, August 4th, 2016.

“We increased production levels in the second quarter and we are committed on continuing to bring both of our mines up to their optimal operating rates,” stated Ernest Mast, President and Chief Executive Officer. “San Dimas showed solid production improvements over Q1 2016, achieving average mining rates of 2,500 tonnes per day. But there is still much work to be done to optimize and refine the mining cycle, increase development rates and maximize productivity and grades. We had labour disruptions during July that impacted July’s production and delayed some development work. As a result we initiated a mine optimization plan focusing on technical and human resources issues. We are continuing to make progress at Black Fox in developing the Deep Central Zone ahead of production expected in the third-quarter, unfortunately we have experienced delays in early July due to poor ground conditions on the 660 metre level. In light of these challenges the Company has reduced its 2016 production guidance.”

McEwen Mining Inc. is pleased to announce consolidated quarterly production of 39,555 gold equivalent ounces, which accounts for 27,888 ounces gold and 875,006 ounces silver. The Company reported net income of $8.4 million and $21.3 million as well as earnings from mining operations of $19.3 million and $38.8 million for the three and six months ended June 30, 2016, respectively.

Grupo México, Autlán, Minera Frisco y Peñoles registraron un incremento de 16 por ciento en su flujo operativo durante el primer semestre del 2016 como resultado de la fortaleza del dólar frente al peso y una mayor extracción de metales.