The Company will use the proceeds of the financing to fund a first phase exploration program at the Cecilia Gold Project, additional project acquisitions and general corporate purposes.
BACANORA MINERALS LTD., the Canadian and London listed resource developer focused on building an international lithium company, is pleased to announce that it has entered into a definitive agreement (dated February 17, 2017) to acquire a 50% interest in, and joint operational control of, the Zinnwald Lithium Project in southern Saxony, Germany from SolarWorld AG, the largest solar panel producer in Europe. This is in line with management’s vision to become a global lithium operator focused on projects with significant value accretion potential and defined markets at both the product and geographic levels.
Gilbertro Tovar Pérez, de 50 años, empleado contratista de la Constructora Necaxa, perdió la vida en el interior de la mina de la empresa Minera Fresnillo.
La canadiense no busca una reducción en las compensaciones individuales de los trabajadores que la semana pasada estallaron la huelga en su unidad de San Dimas, en Durango, sino sostener la rentabilidad del complejo
Mr. Ramiro Trevizo, Director and President of Mexican Operations, stated, With our Mexican Headquarters located in the City of Chihuahua, and the Aldama Plant only 20 km away, there are efficiencies to the location of the Aldama Project. One of the keys to the Aldama project is the condition of the mill and the operating team at the Aldama Processing Plant. By securing an exclusive tolling arrangement, we can combine the acquisition of the Aldama groupings, along with other feed sources in the region, and begin to generate cash flow as early as March of 2017.
“The purchase of this fully refurbished milling facility is a significant step towards reaching management’s plans and goals of building and operating an underground mining operation at Tahuehueto in the very near future.” states Antonio Berlanga, CEO and Director of Telson Resources Inc. , “Having the equipment sourced from Durango, Mexico, within the same state as our Tahuehueto Project, has saved considerable time in our development plan schedule and purchasing quality refurbished used equipment will also reduce our capital cost requirements from purchasing new equipment as estimated within our recently published Prefeasibility Study Report filed in accordance with NI 43-101 Standards of Disclosure for Mineral Projects (see news release dated January 23, 2017).”
Based on life-of-mine planning at December 31, 2016, the Company anticipates it will achieve production growth on a gold equivalent ounce basis as its San Agustin and La Colorada projects ramp up and lower the overall cost profile. The Companys goal is to achieve annual all-in sustaining costs per gold ounce sold at or below $950.
“Continued strong operating results in the fourth quarter of 2016 allowed us to exceed our production forecast and beat our cost guidance for the fifth consecutive year and positions us to complete the development of our growth projects over the next two years”, said Sean Boyd, Agnico Eagle’s Chief Executive Officer. “Our primary focus will be on developing and expanding our business in Nunavut as we complete the construction of a new mine at Meliadine and develop the Amaruq satellite deposit at Meadowbank. These new operations, along with optimizations at existing mines, are expected to result in production growth from current levels to approximately 2.0 million ounces in 2020, along with a decline in unit costs”, added Mr. Boyd.
YAMANA GOLD INC. is pleased to announce the appointment of Kimberly Keating to its Board of Directors and the formal appointment of Jason LeBlanc as Chief Financial Officer.
“In 2016, we undertook a significant restructuring to substantially grow the NAV per share of our company by decentralizing the business to drive accountability down to the mine sites, significantly reducing operating costs, selling non-core assets and reinvesting that capital into a robust internal pipeline and a new geologically prospective mining camp in the Yukon,” said David Garofalo, President and Chief Executive Officer. “This culminated in the January 2017 announcement of our ambitious 20/20/20 five year growth program that would see Goldcorp deliver a 20% increase in production, a 20% increase in gold reserves and a 20% decrease in all-in sustaining costs, positioning the company to drive increasing NAV per share.”
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