Month: March 2018

Arturo Prestamo, Santacruz’s President and CEO stated “In 2017 Santacruz made several positive steps towards solidifying its operations base including the retirement of the senior JMET debt facility, the negotiation of the outright acquisition of the Veta Grande Project, the appointment of Carlos Silva as COO, and optioning 20% of the Company’s Zacatecas mineral portfolio to Carrizal Mining, S.A. de C.V.” Mr. Prestamo continued “Further, as a first step to address the Company’s current working capital needs Santacruz has entered into a services agreement with Carrizal Mining to provide to it certain mining related services that will generate approximately US$1.1 million of monthly cash flow to Santacruz.”

Mexican zinc explorer, Consolidated Zinc Limited is pleased to announce the appointment of Mr Brad Marwood to the position of Chief Executive Officer effective 4 March, 2018.

“Sonora es considerado como uno de los depósitos de litio de arcilla más grandes del mundo”, apunta la compañía.

Keith Piggott, Chairman, President and CEO of Goldgroup commented: ” Our primary focus for 2018 is to continue to ramp up gold production through the existing mine at Cerro Prieto and the addition of the new Cerro Prieto Regional property and lower crushing and mining costs through brining better efficiency into Cerro Prieto, which will improve the financial position of the Company moving forward.”

Peter Secker, CEO of Bacanora, said, “With strong demand for high value lithium products being driven by rapidly emerging industries such as electric vehicles and energy storage, there is a need for world class lithium deposits to be brought into production. With a US$1.25billion NPV, a 26.1% IRR, and US$3,910/t Li2CO3 Life of Mine operating costs, the recently completed Feasibility Study confirms Sonora is one such world class project…”

Golden Minerals Company has today announced financial results for the full year ending December 31, 2017.

Morgan J. Poliquin, President and CEO of Almadex noted, “This financing will enable Almadex to continue with its active drill program at the El Cobre project while the spinout transaction progresses, and will also situate Spinco with a healthy treasury post-completion of the corporate reorganization in order that Spinco management can pursue the next discovery for the group.”