Our goals over the last 10 months have been to complete a resource upgrade and deliver a positive Scoping Study and Im delighted that we have been able to achieve these objectives. We are confident that our strong technical understanding of the project given our access to the ore, existing plant and previous successful concentrate production will enable us to secure the funding necessary to advance the project.
“In the third quarter of 2017 we generated $41 million of operating cash flow,” said Darren Pylot, President and CEO of Capstone. “Subsequent to quarter end, we continued our debt reduction program and repaid $14 million, bringing our total debt reduction for the year to over $40 million.”
La minera de oro canadiense Goldcorp Inc reportó ayer miércoles que sus ganancias se dispararon un 88 por ciento en el tercer trimestre, ayudadas por devoluciones del impuesto a la renta y un aumento de las utilidades de su mina Peñasquito en México.
The El Tigre Mineral Resource Estimate includes extensions of the historical El Tigre and Seitz Kelly Veins1, as well as the mineralized breccia halo around the El Tigre Vein. The Fundadora Mineral Resource Estimate includes the Aquila, Fundadora, Protectora and Caleigh Veins2. The El Tigre Tailings Mineral Resource Estimate is comprised of tailings from the former El Tigre Mine operation.
N. Eric Fier, CPG, P.Eng, President and CEO, remarked, Channel sampling in the newly rehabilitated historic underground workings in the Las Chispas Vein is defining continuous unmined areas with bonanza grades. Several of these channel results are within 30 metres of the recently announced drill hole LC17-45, which intercepted 1.9 metres of 8,803 gpt AgEq. This Bonanza Grade Area is easily accessible for potential bulk sampling and mining. This area is an example of the potential high value mineralization that we continue to systematically explore at the Property. We are driving our underground and surface programs at Las Chispas to deliver a maiden resource in Q1 2018.
Alio Gold Inc today announced that it has awarded GDI STRACON GyM S.A. de CV the contract for developing the underground decline at the high grade, high margin Ana Paula project in Guerrero, Mexico. In addition, the Company has engaged JDS Energy and Mining to manage the contract and underground mining operation.
Warren Rehn, President and CEO of Golden Minerals, comments, The results from Santa Maria show the continuation of the mineralized veins and provide initial support for our goal of doubling the size of the existing resource. Santa Maria appears to be an excellent opportunity for Golden to establish near?term new silver production in the Parral area at a very low capital cost. We are executing our exploration programs efficiently while retaining a healthy cash balance and without the need for additional financing.
Starcore International Mines Ltd. reports the results of its annual general meeting of shareholders held on October 24, 2017.
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