Month: April 2018

México Lidera Producción de Plata

Por octavo año consecutivo, México se ubicó como líder productor mudial de plata con u voluen de 196.4 millones de onzas en 2017, informó Johann Wiebe, analista principal de demanda de metales de GFMS Thomson Reuters, al presentar la Encuesta Mundial de Plata 2018 (World Silver Survey 2018).

McEwen Mining Reports Q1 2018 Production Results

McEwen Mining Inc. (NYSE:MUX) (TSX:MUX) reports consolidated production for Q1 2018 of 35,069 gold ounces and 695,651 silver ounces, or 44,344 gold equivalent ounces using a 75:1 gold to silver ratio.

A las mineras les fue “tan bien” que invertirán 53% más en 2018

“La estabilidad macroeconómica fue un factor determinante para atraer inversión y consolidar el sector minero. Durante el periodo 2013-2018 México recibió más de 163 mil millones de dólares en inversión extranjera directa, una cantidad mucho mayor a la registrada los seis años anteriores”, comentó Mario Alfonso Cantú, subsecretario de Minería de la Secretaría de Economía en el México Mining Forum 2018.

Fortuna reports production of 2.4 million ounces of silver and 15,041 ounces of gold for the first quarter of 2018

Fortuna Silver Mines, Inc. (NYSE: FSM) (TSX: FVI) is pleased to report first quarter 2018 production results from its two operating mines in Latin America, the San Jose Mine in Mexico and the Caylloma Mine in Peru. The Company produced 2.4 million ounces of silver and 15,041 ounces of gold or 3.4 million Ag Eq1 ounces, plus base metal by-products. Fortuna is on schedule to meet annual production guidance of 8.3 million ounces of silver and 48.3 thousand ounces of gold or 11.4 million Ag Eq ounces in 2018.

Geologix Proposes Name Change And Share Consolidation

Kiran Patankar, President and CEO, stated: “Equity market conditions remain challenging for junior mining companies despite an uptick in commodity prices over the past year. During this time, our surface exploration work has uncovered previously unknown resource expansion potential and identified new drill-ready discovery targets, both of which would significantly enhance the long-term value of the Company’s flagship Tepal project. Regarding the name change, the word ‘valoro’ in Spanish means ‘I value’ with an emphasis on ‘oro’, which is Spanish for ‘gold’ and reflects our current focus in Mexico. We believe that the proposed Consolidation will better position the Company to finance its growth objectives in 2018 and beyond.”

Prospero Announces C$1.0m Private Placement

William Murray, the Chairman of Prospero said: “Prospero’s plan for the coming field season is to continue value-added work to our existing project portfolio, and to finalise arrangements to acquire more projects. The ‘first-pass’ drilling of three projects in 2017 with strategic partner Fortuna Silver essentially validated Tawn Albinson’s exploration strategy for epithermal systems. Pachuca SE, for example, was totally blind at surface, and yet all three holes have identified extensive mineralised structures. We now look forward to the continuation of this rapid assessment exploration approach on three other projects, namely Buenavista; Trias and Bermudez. This private placement is an important first step toward raising what we hope will be sufficient funding for roughly 6,000m of core drilling during 2018.”

Harvest Gold Receives Drill Permits for Phase 1 Diamond Drill Program at Cerro Cascaron and Announces Non-brokered Private Placement

Harvest Gold’s President and CEO Rick Mark states: “We are very pleased to have received the drill permits for our initial drill program at Cerro Cascaron. I would like to thank our shareholders for their patience, as we did expect the permits to be awarded earlier in the year, but now look forward to working with our Joint Venture partner Evrim Resources Corp. (EVM: TSXV) to get our first drill campaign started as soon as possible.”

Evrim samples 106.2 metres grading 13.61 g/t gold at 100%-owned Cuale High Sulphidation project

“These new results build on the previous trenching to define consistent outcropping mineralization extending over 106 metres by 263 metres in trenches 1 and 4” said Charles Funk, VP of New Opportunities and Exploration. “This area of mineralization, the new evidence of bonanza grades and the resistivity targets in a project at such an early stage indicates tremendous potential at Cuale. Evrim will proceed immediately with drill permitting, additional geophysics and exploration with a view to drilling the property in the coming months.”

Mexus terminates JV agreement with MarMar Holdings; Update on 8 Brothers project

Mexus Gold US (OTCQB: MXSG) announced today that MexusGold Mining SA de CV, a subsidiary of MexusGold US, is terminating its joint venture agreement with MarMar Holdings. The agreement outlined the contractual obligations at the Santa Elena project in Caborca, Sonora State, Mexico. The decision to terminate the agreement was made due to MarMar’s lack of funding for the project, non-compliance with various aspects of the agreement, and their inability to meet environmental standards at the site. Lack of funding by MarMar resulted in a disappointing 8.5oz Au produced in the last 22 months. The agreement stipulated that MarMar was to provide the funding, equipment, and fully operate the mine. Unfortunately, this did not occur.

Minera Alamos Gold pierde juicio millonario y sienta precedente a nivel nacional

Como resultado de un litigio de 9 años por discriminación laboral de género cometido por la empresa canadiense Alamos Gold Inc. La Junta Federal de Conciliación y Arbitraje en Hermosillo condenó a pagar 48.7 millones de pesos a favor de la ex directora de recursos humanos de esa minera, cuyo fallo fue confirmado por el Tercer Tribunal Colegiado del Poder Judicial de la Federación.

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