Nyrstar NV today announces that it has successfully completed the sale of its Campo Morado mine in Mexico to Telson Resources Inc. and Reynas Minas S.A. de C.V. for a total cash consideration of USD 20 million, plus the potential for additional future proceeds through a variable purchase price agreement linked to production at the Campo Morado mine.
VVC President Jim Culver reiterated that “VVC and its partners are committed to operating the Samalayuca Copper Project in an environmentally and socially responsible manner. The Samalayuca Project can have a hugely positive economic impact in the region without negative environmental consequences.”
Primero Mining Corp. announces that today, at its Annual General and Special Meeting of Shareholders, all Directors nominated as listed in the Management Information Circular dated May 1, 2017 were re-elected.
Gregory A. Beischer, President & CEO commented: There is at least one known, moderately-dipping, near-surface structure that is reported to host gold over significant intervals. Through drilling, we look forward to verifying the previously-reported historic results and expanding the limits of the reported mineralization. Pursuing this project has been made possible through our ongoing partnership with Centerra.
Candelaria Mining Corp. is pleased to announce additions to its senior management team. Effective immediately, the Company has appointed Mr. Curtis Turner to be the Chief Executive Officer and a member of the Board of Directors. In addition, Mr. Ramon Perez, acting CEO, will be appointed as the Companys President and will continue to serve as a member of the Board of Directors. Lastly, Mr. Erick Bertsch will assume the role of Vice-President, Corporate Development.
Cumplir cuatro millones de horas hombre sin accidentes con tiempo perdido, posiciona a la empresa entre las más seguras de la industria minera a nivel Nacional, destacó el Dr. Luis Chávez Martínez Senior VP México de Álamos Gold Inc., expresando que este éxito demuestra un gran trabajo en equipo que se refleja en la educación, formación, compromiso y entrega de todo el personal que labora en Mina El Chanate, enviando también sus felicitaciones a todos por cuidarse, y por cuidar a sus compañeros en el trabajo.
Minera Alamos Inc. is pleased to announce that as a result of positive institutional and retail demand for its previously announced best-efforts brokered private placement offering, the Company has amended the terms to increase the size of the offering to $4,500,000.
Southern Silver Exploration Corp. reported today additional assay results from the 2017 core drilling program on the Cerro Las Minitas project, Durango State, Mexico, which identified a thick zone of silver-copper enriched mineralization in hole 17CLM-098.
Akiba Leisman, Executive Chairman and Interim CEO states that drilling at the Taunus pit is giving us great exploration success. Areas that were previously modeled as waste are yielding mineralized intercepts that are multiples of our 0.35 g/t gold cut-off grade. This drilling program will add ounces to our mine plan, and we will continue drilling to the southeast to determine how significant the Taunus pit can eventually become.
Endeavour Silver Corp. advises that at the Companys Annual General Meeting held on May 3, 2017, all director nominees were re-elected to the Board of Directors. However, as Mario Szotlender did not receive a majority of the votes cast at the meeting in his favour, he tendered his resignation as a director of the Company subject to a review by the Board of Directors in accordance with the Companys Majority Voting Policy. Pursuant to the Policy, the Corporate Governance and Nominating Committee of the Board reviewed the reasons for which it believed Mr. Szotlender had not received a majority of votes cast in favour of his election. The Committee determined that this was due to a recommendation made by a proxy advisory firm who considered Mr. Szotlender to be over-boarded by virtue of sitting on the Boards of Directors of six different public companies. Mr. Szotlender subsequently resigned from the Board of one of these companies. Being a director of only five companies and having attended all Board meetings of the Company during fiscal 2016, Mr. Szotlender would no longer be considered over-boarded under the guidelines of proxy advisory firms. The Committee recommended that Mr. Szotlenders resignation should not be accepted, the Board of Directors considered the recommendation and has accordingly declined to accept Mr. Szotlenders resignation.
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