Day: November 3, 2016

Pete Dougherty, President and CEO, stated, “I’m pleased to announce the hiring of Bill Zisch to our management team as Chief Operating Officer. I have had the pleasure of working with Bill in the past at FMC Company and am pleased to once again have him as part of our team. On behalf of the Argonaut team, I want to thank Dick Rhoades for his contributions to the organization over the past four years. We wish him well in his future endeavours. At the operations, third quarter production did not meet expectations due to heavy rainfall and mine sequencing at El Castillo. As the rainy season is now behind us and with the additional crushing facilities fully operational, we believe we will see improvements during the fourth quarter in terms of placements to the leach pads.”

Golden Minerals Company provides a business update and announces results for the third quarter ended September 30, 2016.

McEwen Mining Inc. is pleased to announce consolidated quarterly production of 36,496 gold equivalent ounces, comprised of 24,281 ounces gold and 916,168 ounces silver. For the three and nine months ended September 30, 2016, the Company reported net income of $4.2 million or $0.01 per share and $25.5 million or $0.09 per share, respectively. Earnings from mining operations(3)were $18.9 million and $57.7 million over the same periods. Net income for the three months ended September 30, 2015 was $2.6 million or $0.01 per share and net loss for the nine months ended September 30, 2015 was $5.5 million, or $0.02 per share.

Fred Stanford, President & CEO of Torex stated: “We are pleased to announce that we finished our second quarter of commercial production with continued solid earnings of $0.30 per share, cash flow from operations of $50.2 million, cash costs of $517 per ounce, and AISC of $699 per ounce. Production remains on track to achieve our ‘guidance’ of 275,000 ounces in our first year of production. The ramp up continues ahead of schedule, notwithstanding a rainy season that delivered 68% more rainfall than an average year. Mining came through the rainy season well and stripping of El Limon tracks ahead of schedule. We are working on optimizing the tailings filtration circuit, and the RopeCon continues to impress. Grade reconciliation is back to being just slightly ahead of plan, copper is being managed with reagents and recoveries are ahead of plan. Exploration drilling ‘under the sill’ started up ahead of schedule and we should have results to report by year end or early next year. Exciting times on a number of fronts.”