Month: November 2017

IMPACT Silver Announces Third Quarter 2017 Financial and Production Results

Fred Davidson, President and CEO, stated, “Earlier in the year, IMPACT was named to the 2017 TSX Venture 50. We started 2017 with a clean balance sheet and no debt. Currently working capital remains strong at $7.4 million. Financial results improved slightly between Q3-2017 and the previous quarter. IMPACT continues to expand its in-mine exploration and development to provide additional tonnage throughput at the mill. We also have in place ongoing exploration plans for high potential targets and continue to evaluate strategic transactions to grow value for our shareholders.”

Silver Bull Intersects 9 Meters of Sulphide Mineralization Grading 20.7% Zinc, 1% Lead and 98g/t Silver

Tim Barry, President, CEO and director of Silver Bull states, “We are extremely pleased with the results from this batch of drill core. The new sulphide zone is proving to be very productive for high grade sulphide mineralization. The drilling summarized in this news release targeted the second of three steeply dipping, discreet structures we have identified in the sulphide zone…”

Positive Metallurgical Results For Oposura

Commenting on the testwork program, Azure’s Managing Director, Mr Tony Rovira said, “Metallurgical factors are always critical when evaluating project viability, and the earlier that this is achieved, the better. This high-level study was undertaken to ensure that the zinc, lead and silver mineralisation at Oposura could be extracted and concentrated into an easily saleable product. These very favourable results allow us to continue progressing development studies with confidence.”

Trabajarán por mayor seguridad en minas con liderazgo y autocuidado

Alrededor de la industria minera persisten concepciones relacionadas a la inseguridad y a las condiciones complejas en las que se trabaja, debido a esto y a que se trata de una actividad en la que el esfuerzo físico es fundamental, el bienestar de los trabajadores cobra un papel de mayor relevancia. En el marco del Séptimo Simposium de Seguridad realizado en la ciudad de Zacatecas del 15 al 17 de noviembre, el ingeniero Fernando Alanís, director general de Industrias Peñoles, destacó el trabajo constante que la empresa minera realiza para proteger en todo momento al factor humano. No obstante, tanto ellos como Sindicato Minero Metalúrgico Frente, reconocen que aún hay áreas de oportunidad que se tienen que trabajar. Dichas áreas se analizaron en los pasados días por las Comisiones de Seguridad e Higiene y los colaboradores de Industrias Peñoles y Fresnillo PLC.

Santacruz Reports Temporary Suspension of Veta Grande Mill Operations

Santacruz Silver Mining Ltd. reports that on November 3, 2017, the Mexican Environmental Protection Agency requested that the Company’s Mexican operating subsidiary, Impulsora Minera Santacruz, S.A. de C.V., hold the Veta Grande Mine Environmental License directly in its name and not under the terms of the agreement with Minera Contracuña I, S.A. de C.V. In connection with this matter PROFEPA issued a notice temporarily suspending operation of the Veta Grande mill until appropriate documentation was filed with regulatory bodies. On November 8, 2017 the Company submitted all appropriate documents to PROFEPA and the Secretariat of Environment and Natural Resources. The documentation has been confirmed by those agencies as being in order and as such the Company expects the imminent resumption of operations at the Veta Grande mill. During the suspension of mill operations the Company continued mining operations thereby building a substantial stockpile of mineralized material while at the same time major mill maintenance activities were completed.

Tesla Truck Supercharges Hopes for Boom in Battery Metals Demand

Banks including Goldman Sachs Group Inc., UBS Group AG and Bank of America Corp. are already forecasting a surge in demand for battery metals like nickel as sales of electric cars ramp up over the next decade. Usage could jump even higher if trucking firms start switching diesel fleets for battery-powered ones. “This is a game changer,” said Anthony Milewski, chairman and chief executive officer of Cobalt 27 Capital Corp., an investment vehicle providing price exposure to a stockpile of cobalt, which has spiked in the past year in response to booming projections for usage in electric vehicles. “People have known electric trucks are coming, but I don’t think it’s been priced into the forecasts the banks are putting out.”

MAG Silver Announces US$4 Million Upsizing of Private Placement to US$48 Million

MAG Silver Corp. is pleased to announce that the Company is increasing its previously announced non-brokered private placement, from total gross proceeds of up to US$44,000,000 to total gross proceeds of US$48,158,241. The Offering will now consist of 4,599,641 common shares at a price of US$10.47 per Common Share.

Mexican Gold Corp Announces Exercise of Warrants by Largest Shareholder, Palisade Global Investments Ltd., Resulting in $833,250 of Proceeds for Drilling

“We appreciate this continuing strong support by Palisade Global Investments, Mexican Gold’s largest shareholders,” commented Brian Robertson, President and Chief Executive Officer, Mexican Gold Corp. “This an exciting time for our Company as we continue our drill program focused on resource expansion of the high – grade zones recently intersected by drilling at the property.”

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