Month: April 2017

“The sites we are targeting have potential for shallow, high value per tonne, volcanic-hosted massive sulphide (VHMS) deposits. VHMS deposits are significant contributors to the global production of copper, zinc, lead and silver,” Oz Minerals MD Andrew Cole said on Wednesday.

McEwen Mining Inc. is pleased to report its consolidated production for Q1 2017 was 20,096 gold ounces and 722,767 silver ounces, or 29,733 gold equivalent ounces, using a 75:1 gold to silver ratio.

Gold Resource Corporation reports preliminary production results for the first quarter ended March 31, 2017 of approximately 6,747 ounces of gold, 427,890 ounces of silver and significant base metals. Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico and Nevada, USA. The Company has returned $109 million to shareholders in monthly dividends since commercial production commenced July 1, 2010, and offers shareholders the option to convert their cash dividends into physical gold and silver and take delivery.

“Sierra Metals reported a solid improvement in metals production and tonnage processed in the first quarter of 2017 lead by the Yauricocha Mine which recently completed key aspects of a successful restructuring and rehabilitation program” commented Gordon Babcock, Chief Operating Officer of Sierra Metals. “We continue to work at all of our mines to improve operations, best practices, introduce modern equipment as well as improve grade. Management believes that these changes will serve to increase production and improve grade for 2017 and the years to come.”

Chief Executive Officer, Greg McCunn, said, “The word Alio in Latin means ‘to go in a different direction’ and is reflective of the important operational and management changes that have been made in 2017. The portfolio of assets we have will form the platform for the growth of Alio Gold into a mid-tier gold producer over the next several years. In the near-term, there are a number of exciting catalysts for Alio Gold including a Prefeasibility Study for our high-grade, high-margin Ana Paula Project and the plan for revitalizing our San Francisco Mine.”

Jorge A. Ganoza, President and CEO, commented: “I am pleased to report a solid start of the year in line with guidance for production and cost figures. 2017 is our first full year at the new expanded rates of production at both our mines, which shows favorably when comparing quarter over quarter. ” Mr. Ganoza continued, “With respect to our Lindero gold project in Argentina, basic engineering reviews and optimization work continue advancing as planned with the aim of supporting a construction decision in the third quarter of this year.”

Tawn Albinson, the President of Prospero commented: “I’m delighted to welcome Fortuna as our strategic partner in Mexico and we look forward to working with their exploration team in the next 18 months. Fortuna’s team are experienced mine builders who have placed 2 mines into production; Caylloma in Peru and San Jose in Mexico. They are currently working on their third development project in Argentina. Their investment gives Prospero the additional funding we need to begin drill testing our portfolio of epithermal precious metals targets and to expand our generative efforts in Mexico. We intend to begin drill testing at our Petate, Matorral and Pachuca SE projects as rapidly as possible.”