“In the first quarter of 2017 we generated $22 million of operating cash flow despite challenging operating conditions at Pinto Valley,” said Darren Pylot, President and CEO of Capstone. “All three of our mines generated positive net earnings for the quarter, supported by higher realized metal prices.”
Mike England, president of Alix, stated: “We are very pleased with the results from the first drill hole and the drill progress to date the Agua Fria lithium clay targets. With an international team of Canadian, Australian and Mexican personnel, the objective is to discover lithium-rich clay deposits similar in grade and size to that of the Bacanora/REM La Ventana deposit.”
The Company is pleased to introduce a new management team that has been assembled to grow the Company into a mid-tier gold mining company by revitalizing its San Francisco Mine in Sonora, Mexico and building its high-grade, high-margin Ana Paula Project in Guerrero, Mexico. As part of the transition, Arturo Bonillas will be stepping down as President of the Company. He will continue as an advisor to the new team to ensure continuity of important permitting and community relations activities.
“We are very encouraged with the overall results of the initial exploration drill program between the San Luis workings and Elena Tolosa, and due to the success of the program, we are pleased to have extended it. The results support the continuation of the extensive Avino Vein system, and continue to demonstrate that this is a new gold rich area that has been untouched in the past,” David Wolfin – President & CEO Avino Silver & Gold Mines Ltd.
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