Santa Maria drill results support the previous resource estimate and are favorable for continuing to evaluate plans for further development. Earn-in exploration and development agreement on Golden Minerals’Celaya property signed with Electrum Global Holdings. 2,000-meter drill program begun on Rodeo project. San Diego claim interests sold to Golden Tag for $0.38 million plus 2.5 million Golden Tag shares.
With our second quarter production issues behind us, stronger silver and zinc prices, a strengthened balance sheet, and the expected commencement of construction at San Rafael in September, the second half of 2016 is shaping up to be a very exciting time for the Company, said Americas Silver Corporation President and CEO Darren Blasutti. The third quarter is off to a good start from a production and cost perspective, and management will focus on generating free cash flow from the mines for the rest of the year.
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