Month: February 2018

Alcanza la Mina El Chanate de Alamos Gold 5 Millones de Horas-Hombre Sin Accidentes Incapacitantes

El pasado 1° de febrero a las 5 p.m. la mina sonorense El Chanate, de Alamos Gold, cumplió 5,000,000 de Horas Hombre sin Incidentes con Tiempo Perdido, equivalentes a 1,135 días o 3 años y 39 días, un logro nunca alcanzado en ningún sector económico en Mexico y pocas veces visto en el mundo. John McCluskey, CEO de alamos Gold, declaró: “Este es el fruto de fomentar entre todo el personal que labora en la familia de Alamos Gold una actitud de liderazgo a favor de la seguridad en el trabajo, con miras a fijar permanentemente el compromiso de cuidarse personalmente y proteger a sus compañeros. Muchas felicidades por este resultado ejemplar”.

Sale of Gold Confirmed from Test Run at Santa Elena Mine

Mexus CEO Paul Thompson added, “The Santa Elena results to date are disappointing. We were expecting to be producing a significant amount of gold by now. I’m hopeful that MarMar will get the job done as we know that there is gold on the leach pad and on the property in general. I will get updates to our shareholders as we receive additional information. I’m optimistic that MarMar has the right staff on site to get the gold from the leach pad. We are pushing forward with our other properties and the outlook for these is extremely promising. You can see that our first target is the Ures property. Getting production from this property will give Mexus the much needed revenue stream to allow for a build out on all of our properties.”

Torex Completes Closing of Over-Allotment Option

The net proceeds of the Offering will be used to fund and provide liquidity for the Company’s working capital obligations during the re-start and ramp-up of the ELG Mine Complex, as required, and for general corporate purposes.

Defiance Appoints Interim President & CEO

Defiance Silver Corp. is pleased to announce the appointment of Mr. Peter J. Hawley as Interim President and CEO. Mr. Hawley is currently the Chairman of the Board, and an integral part of the Defiance team with over 36 years of geological and mining experience spanning grassroots exploration through to development and production.

Telson Discloses Tahuehueto Mining & Concentrate Preproduction, Metallurgical Balances & Cash Sale Results for 2017 and Announces Plans for Corporate Name Change

Antonio Berlanga, CEO of Telson, states “Management is very pleased with the results of our Tahuehueto preproduction toll milling program. We are consistently producing excellent lead concentrates above 46% lead with high precious metal content averaging 122 gAu/t and over 1,200 gAg/t, while zinc concentrate grades are averaging above 48% Zinc…”

Orla Announces Closing of Bought Deal Financing

Orla Mining Ltd. is pleased to announce that it has closed its previously announced bought deal financing, including the exercise in full of the underwriters’ over-allotment option. A total of 17,581,200 units of Orla were sold at a price of $1.75 per Unit, for aggregate gross proceeds of $30,767,100. Each Unit consists of one common share of Orla and one-half of one common share purchase warrant. Each Warrant will entitle the holder to acquire one common share of Orla at a price of $2.35 at any time prior to February 15, 2021.

Kootenay Announces 2018 Drill Program Underway On La Cigarra Silver Project, Mexico

Kootenay President and CEO James McDonald states, “We are very pleased to launch the first phase of our 2018 drill program on La Cigarra. Our recent successes identifying two new silver discoveries (RAM and Las Venadas) and multiple new priority targets, along with the identification of a potential new emerging gold trend, clearly underscores La Cigarra’s immense potential within one of Mexico’s premier mining districts.”

Riverside Provides Update on Exploration and Drilling in Sonora, Mexico

Riverside’s President and CEO, John-Mark Staude, stated: “Our drilling at the Puerto El Alamo target with partner Centerra explored for low-angle shear structures similar in nature to those controlling the El Chanate and other multi-million ounce gold deposits in Sonora. We are disappointed given all of the positive geologic and geochemical indications that we did not hit a gold-rich structure, but we still believe the project holds excellent exploration potential. We look forward to further exploring the San Pedro and La Joya targets where there is remaining gold discovery potential. We are pleased to continue working with Centerra as a partner and hope to add additional land tenure in the coming months.”

Hecla Reports Fourth Quarter and Full Year 2017 Results

“Our focus of improving our long-lived operations led to increased throughput and lower costs which, coupled with significantly higher base metals prices, drove our increasing cash balance and continued strong adjusted,” said Phillips S. Baker, Jr., President and CEO. “2018 should have further value creation at all our mines as we advance low-cost, high-return technologies that are focused on improving productivity. We are also taking a bulk sample of San Sebastian’s polymetallic zone which could further extend its mine life. Exploration spending is increasing as we see further opportunities for both discoveries and resource growth.”

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