Azure Managing Director, Mr Tony Rovira stated, The drill program now being put into action by Teck is designed to test two very promising precious metal and base metal targets. We look forward to receiving the results from the program which Azure will report to the market when Teck has completed the program and is satisfied with all quality assurance and quality control requirements.
ALIX RESOURCES CORP. announces that Perth-based lithium processing technologist, Lithium Australia NL has moved to a 54% controlling stake in the Electra lithium project in northwest Mexico. The project comprises the Tecolote, Tule, and Agua Fria concessions and is currently the subject of a farm-in and joint venture between Alix and LIT. LIT has the right under the JV terms to earn an ultimate 65% holding in Electra. Lithium Australia moved to the majority 54% ownership on completion of a recent drilling program.
Frank Giustra, a well regarded Canadian mining magnate who created one of the worlds most successful mining companies is now moving his operation digitally to mine Cryptocurrency.
Gold Resource Corporation reports preliminary production results for the third quarter ended September 30, 2017 of approximately 6,465 ounces of gold, 392,153 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 $110 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.
Neil Woodyer, CEO stated: “This updated resource estimate includes a 94% increase in the Measured and Indicated resources and underscores the magnitude of the oxide mineralization of the Bermejal Underground deposit. In addition to converting the previously estimated Inferred resources of 678 koz to mostly Indicated resources, the program has also added 820 koz to the new Inferred resource estimate. The exploration success at Bermejal Underground, which drives this resource update, also supports our development plan to expand Los Filos gold production rate. The ramp to access the Bermejal Underground deposit recently commenced and has advanced 27 metres as of October 13, 2017.”
Igor Gonzales, President and CEO of Sierra Metals commented “The Company continues to see solid metal production and tonnage processed at our flagship Yauricocha Mine, reporting a 3% increase in silver equivalent production, and a 13% increase in throughput during Q3 versus Q3 2016. We continue to work to increase tonnage at Bolivar through the commissioning of newly acquired equipment, which has arrived and been commissioned, and expect the remaining 3 underground loaders to arrive and be commissioned in Q4 2017. We continued to define higher grade ore sources through further development which are expected to come into the mine plan next year.”
Mexican Gold Corp. is pleased to announce that resource expansion drilling has intersected long intervals of strong chalcopyrite, bornite and magnetite mineralization totaling 77.2 metres at the El Dorado / Juan Bran zone at its Las Minas property.
The turnaround in production at Platosa was clearly evident during the third quarter, with significantly improved tonnage-per-day, grades and costs, stated Brendan Cahill, President and Chief Executive Officer. All-in sustaining cost decreased during the quarter to approximately $11-$13 per payable silver ounce. We are now well positioned to continue ramping up production from four mantos through the fourth quarter and to realize a further decrease in AISC and increase in cash flow.
Fortuna Silver Mines, Inc. is pleased to announcethird quarter 2017 production results from its two operating mines in Latin America, the San Jose Mine in Mexico and the Caylloma Mine in Peru. The Company produced 2.0 million ounces of silver and 13,412 ounces of gold, plus base metal by-products. Silver and gold production for the first nine months totaled 6.2 million ounces and 41,158 ounces respectively; being 2 percent and 5 percent above the Companys nine month projection. Fortuna is on schedule to produce 8.1 million ounces of silver and 52.4 thousand ounces of gold or 11.2 million Ag Eq1 ounces in 2017.
Silver equivalent production increased by 17% to 760,756 oz*
Gold production increased by 47% to 2,673 oz
Silver production decreased by 10% to 368,456oz
Copper production increased by 6% to 1,106,305 lbs
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