Month: January 2018

GoGold Resources Inc. announces production for the quarter ended December 31, 2017 of 261,693 ounces of silver and 1,708 ounces of gold for 392,406 silver equivalent ounces at the Parral project, an 11% increase from the prior quarter. This past quarter has been the fifth consecutive quarter of production growth as the initiatives put in place in previous quarters continue to gain traction.

“Great Panther’s 2017 production was consistent with the previous year, however, this was a considerable achievement given the work completed to accommodate the tailings expansion and plant improvements at the Topia Mine in the first quarter of the year”, stated James Bannantine, President and CEO. “We are also pleased with the recent completion of the permitting process for the Phase II tailings storage facility at Topia. While the regulatory process took longer than we expected, our team did an outstanding job of maintaining operations by extending capacity while improving the state of the existing facility.”

“2017 was a pivotal year for the San Francisco mine as we took key steps to revitalize the mine,” said Greg McCunn, Chief Executive Officer. “With the San Francisco main pit now open across multiple mining faces and a full contract mining fleet on site, we are well positioned to deliver consistent production results this year. As our new systems and processes take hold and production levels stabilize, we will be shifting our focus to cost reduction and getting the mine running as efficiently as possible. Production and cost guidance for 2018 is expected to be announced in early February.”

“With record fourth quarter gold production, Alamos achieved a new annual record, producing 429,400 ounces of gold, while delivering a significant reduction in operating costs and capital spending. This translated into strong free cash flow growth from our operations,” said John A. McCluskey, President and Chief Executive Officer.

Silver Viper Minerals Corp. announces that as a result of the departure of Stephen Brohman, the Company’s Chief Financial Officer, it has appointed Melissa Martensen as Interim Chief Financial Officer of the Company, with immediate effect. Mr. Brohman had served as the Company’s Chief Financial Officer since April 26, 2016. Mr. Brohman has resigned as a director of the Company.

First Mining Finance Corp. is pleased to announce that after accumulating 25 properties over the past two years through eight transactions, the Company is changing its strategy and name going forward, and will focus on advancing its existing properties to maximize shareholder value. In connection with this new strategy, Mr. Jeff Swinoga has been appointed by the Company’s Board of Directors to succeed Dr. Chris Osterman as the Company’s Chief Executive Officer effective as of January 15, 2018, and Dr. Osterman will assume the role of Chief Operating Officer of the Company to focus on project development. Mr. Patrick Donnelly, the President of the Company, will continue in his current role and will work closely with Mr. Swinoga.

Golden Goliath is pleased to announce that exploration management has begun its plans for the work that will be conducted on the Company’s 100% owned San Timoteo property in this New Year. The Company will first complete the program started last year, which is the final step leading to a major drilling campaign including both surface and underground dill holes.

Bradford Cooke, CEO, commented, “In 2017, silver equivalent production met the low end of our original guidance and the high end of our revised guidance, notwithstanding several operating challenges at the Guanacevi mine. I am pleased to say our operations team resolved many of those operating issues and they have plans to complete Guanacevi’s recovery to normal operations in 2018….”

Mexican Gold’s President and CEO, Brian Robertson stated, “Our outstanding success in 2017 was the result of the unwavering support of our shareholders and stakeholders. We thank you for your support and strong commitment to the Company. We also thank our employees, consultants and contractors who enabled us to achieve outstanding results in 2017 and look forward to delivering company growth and new discoveries in 2018.