Month: July 2018

Equinox Gold will continue to focus on advancing the Aurizona Gold Mine and Castle Mountain Gold Mine to production while Solaris Copper explores and develops the copper projects to unlock the value of the copper portfolio. Solaris Copper will hold a 100% interest in the resource-bearing Warintza copper-molybdenum project in Ecuador, a 60% interest in the La Verde preliminary economic assessment stage copper-silver-gold project in Mexico, a 100% interest in the Ricardo early-stage copper property in Chile, and is continuing to evaluate additional properties that fit the portfolio.

El valor de las principales fusiones y adquisiciones superó los 650 millones de dólares en 2017, de acuerdo con datos de la Cámara Minera de México (Camimex).

The net proceeds of the Private Placement will be used by Silver Bull for general working capital purposes.

“We have increased tonnage at Platosa despite mining approximately 170,000 tonnes since the last resource estimate as at December 31, 2014,” stated Brendan Cahill, President and CEO. “This new resource estimate is the product of a more conservative and geologically accurate methodology than previously employed at Platosa. We see upside potential on grade and tonnage as we continue to define new mineralization with our underground drilling program.”

As our Rainy River Mine is well into its start-up year, New Gold today provides an updated 2018 production and cost outlook. Gold production at New Afton, the Company’s largest cash flow contributor, Mesquite and Cerro San Pedro remain in line with New Gold’s original guidance. However, largely due to the variability in the process facility’s start-up performance and lower gold grade and recoveries, the Company is lowering its 2018 annual production guidance for Rainy River from earlier estimates.

“Our mines continued to deliver strong operational performance during the quarter, which has allowed us to increase 2018 production guidance to 1.58 million ounces of gold from 1.53 million ounces. Cash costs remained at the mid-point of our guidance, but we expect these costs to trend lower in the second half of the year”, said Sean Boyd , Agnico Eagle’s Chief Executive Officer. “In the second quarter, we continued to make good progress on our development projects in Nunavut . We recently received the Type A water licence for the Whale Tail pit at Amaruq, which allowed us to begin construction in late July, and the shipping season is now underway at Meliadine, which should facilitate timely completion of the project allowing for the expected start of production in the second quarter of 2019” added Mr. Boyd .