Endeavour CEO Bradford Cooke commented, “Our consolidated production continued to exceed plan in the third quarter. Although our production forecast is lower in H2 than H1, we are well positioned to meet our recently raised production guidance for 2016. We still have available plant capacity at all three mines and are evaluating various ways to boost mine production in 2017.
Mexus Gold US President Paul Thompson stated today that the outlook for the company has never been better. The company is nearing production having very little debt which is unheard of in the mining industry. The push towards production with the companys joint venture partner, MarMar Holdings, continues as scheduled at the Santa Elena mine.
Corex Gold Corp. announces that it has entered into a subscription agreement to issue 25,300,000 common shares of the Company to Alamos Gold Inc. at a price of $0.10 per Share. The Company has also entered into subscription agreements to issue an aggregate of 3,000,000 Shares to certain members of management of the Company or their affiliates at a price of $0.10 per Share.
Como respaldo a sus programas de control ambiental, Altos Hornos de México (AHMSA) recibirá financiamiento del Banco de Desarrollo de América del Norte (NADBANK), que abrirá una línea de crédito por 30 millones de dólares para modernizar el control de emisiones en el sistema de aceración BOF de la Siderúrgica 2.
The Company expects to invest a total of $30-$34 million in exploration during 2016, including $14-$16 million for expensed exploration and $16-$18 million for capitalized exploration. This represents an 82% increase over 2015 exploration spending. Of the $30-$34 million expanded exploration budget, approximately 85% is expected to be allocated to drilling at or near the Companys existing operations and nearly 75% is expected to be invested at the Companys Palmarejo underground silver-gold mine in Mexico, its Kensington underground gold mine in Alaska, and its Rochester open-pit silver-gold mine in Nevada.
Alta Vista Ventures Ltd. announces that the Company has satisfactorily completed its due diligence on two of its acquisition targets – High Eye Aerial Surveys and the UAV division of Pioneer Exploration Consulting – and it is now moving forwards with the formal documentation for the transactions.
War Eagle Mining Company Inc. announces all resolutions put forward at the Annual General and Special Meeting of the Company’s shareholders, as further described in the Company’s information circular dated August 29, 2016, were approved.
GoGold Resources Inc. announces toll milling of high grade material at Santa Gertrudis. The Company has secured a 150 tonne per day mill to continue milling the high grade material on surface at Santa Gertrudis during the construction of the first vat leach plant. To date, the Company has mined in excess of 6,000 tonnes of material at an average grade of 13.5 g/t with 3,700 tons processed at the mill and the remainder in a stockpile. The company estimates the total cost per tonne of the Santa Gertrudis material will be $125 per tonne which will generate significant cash flow per ounce. As of the end of September the Company had poured 383 ounces of gold from Santa Gertrudis.
“I am very pleased to welcome Damien to the Primero team,” said Ernest Mast, President & Chief Executive Officer. “He brings to Primero strong international mining experience and a hands-on approach in the areas of health and safety, business improvement and strategic planning. He has a robust background in operations and a track record of increasing productivity in challenging operational environments. I look forward to working with him to achieve our goal of building Primero into a leading mid-tier gold producer.”
“This marks another important milestone in the development of the La Yaqui project. With ongoing exploration success, La Yaqui is growing into one of the most important deposits within the Mulatos District. Combined with its higher grades and recoveries, we expect La Yaqui will be a significant source of low cost production at Mulatos for many years to come,” said John A. McCluskey, President and Chief Executive Officer.
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