Joining as non-execs are Andres Antonius, based in Mexico City and a country specialist and former government adviser, while Junichi Tomono is head of the Japanese trading giant Hanwa Co, which recently signed an offtake deal with Bacanora. They replace James Leahy and Kiran Morzaria.
The project continues as expected with the usual growing pains for an expanding miner. Our joint venture and operating partner for the project, MarMar Holdings, has made consistent and steady progress at the mine site. To date, MarMar has constructed two holding ponds, a heap leach pad, performed an initial blast of a quartz vein, started a cyanide drip system on the heap leach pad, and started the Merrill Crowe recovery system. In addition, they also performed a test smelt and produced a small amount of dore using precipitate from the Merrill Crowe plant. These accomplishments are significant and show a determination to bring this project into full production.
Después de México, los más grandes productores son Perú, China, Chile y Rusia
Alamos Gold Inc. is providing a summary of the voting results of its Annual General Meeting of Shareholders.
MEXICAN GOLD CORP. announces that Mr. Earl Terris has resigned as a director of the Company for personal reasons, effective May 12, 2017.
The name change to Alio Gold Inc. and 10:1 consolidation of the Company’s common shares was approved at the 2017 Annual General and Special Meeting of shareholders of the Company held earlier today and is now effective. Following the share consolidation, the number of outstanding securities of the Company will be approximately 35,562,860 common shares. The common shares are expected to commence trading on the Toronto Stock Exchange and the New York Stock Exchange MKT on a post-consolidation basis on May 16, 2017 under the ticker symbol ALO on both exchanges.
“Sierra Metals continues to deliver value and growth to investors in the first quarter with a solid financial performance”, commented Igor Gonzales, President and CEO of Sierra Metals. “The Company saw very significant increases in revenue, cashflow and adjusted EBITDA over the prior quarter as well as over the same quarter in 2016. This solid performance is attributable to a very successful operational improvements program at the Yauricocha Mine, continued work to development of new areas for higher grade ore at Bolivar and the reinterpretation of geology at the Cusi Mine which promises to drive increased grade and tonnage in the future. It is also thanks to the hard work and dedication of our team at Sierra Metals, without whom these achievements would not be possible.”
Jim Williams, Chief Executive Officer of Arian commented, I am pleased to report on these positive initial results, which confirm the presence of lithium. We now look ahead to advancing further exploration of these assets with deeper sampling techniques, geophysical methods and detailed mineralogical test work to assess the full extent of mineralisation.
Lithium Australia Managing Director, Adrian Griffin, said: The ability of Sileach to cope with high levels of contamination in the spodumene concentrate, and still produce a high-purity Lithium Carbonate, is a great achievement. The ability to produce by-products that are not available with conventional processing of spodumene shows great potential.
N. Eric Fier, CPG, P.Eng, President & CEO remarked, The discovery of a sub-parallel unmined high grade vein adjacent to the Las Chispas historic underground workings is exciting, as we systematically drill several veins on the Property for mineralization expansion and future resource estimation. The Giovanni Vein appears to be continuous over a strike length of 400 to 500 metres, 150 to 200 metres in height, and has an average drilled true thickness of 2.0 metres. The new vein is easily accessible via the historic Las Chispas main haulage level (600 level). Closely spaced underground drilling is currently being set up to further test the Main and Giovanni veins. As we drill our known targets, we expect to continue to intercept other Unnamed high grade veins.
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