Month: July 2018

Igor Gonzales, President, and CEO of Sierra Metals commented: “I am very pleased with our Q2 2018 production results which include record consolidated ore throughput, and notable increases to the consolidated payable production of silver, copper, zinc, and gold. The Company continued its strong performance and built upon the first quarter’s solid production results. Our strong performance this quarter is attributed to sequential, record production at both the Yauricocha and Bolivar mines where we continue to obtain the benefits of successful operational improvement programs. Furthermore, a strong increase in tonnage at Cusi was noted in the second quarter, and the Company is reaping the rewards of a successful turnaround program and the refocusing of the Mine’s production to the Santa Rosa de Lima zone, which boasts higher grades and increased widths.

McEwen Mining Inc. (NYSE:MUX) (TSX:MUX) reports consolidated production for Q2 2018 of 36,959 gold ounces and 772,432 silver ounces, or 47,258 gold equivalent ounces using a 75:1 gold to silver ratio.

Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) is pleased to report production results for the second quarter of 2018 from its two operating mines in Latin America, the San Jose Mine in Mexico and the Caylloma Mine in Peru. The Company produced 2.3 million ounces of silver and 14,557 ounces of gold plus base metal by-products. Silver and gold production for the first six months totaled 4.7 million ounces and 29,597 ounces respectively; being 13 percent and 20 percent above the Company´s mid-year projection. Fortuna is on schedule to produce 8.3 million ounces of silver and 48.3 thousand ounces of gold or 11.4 million Ag Eq ounces in 2018 in accordance with our production guidance.

Candente Gold Corp. (TSXV:CDG) announces that it has received approval from the TSX Venture Exchange to extend the exercise period of a total of 5,000,000 outstanding share purchase warrants issued pursuant to the private placement completed on August 12, 2016.

Goldgroup Mining Inc. held its annual general and special meeting of shareholders in Vancouver, B.C. on July 11, 2018. At the meeting, all director nominees listed in the Company’s management information circular dated June 6, 2018, were elected as directors of the Company.

Paul Benson, President and CEO said, “Solid performance at each of our operations in the second quarter keeps us well on track for full year production guidance. With a stronger second half of the year still in front of us, we look forward to delivering into near-term growth.”

“Hecla’s second quarter mine production exceeded expectations due to continued improvements in the mines,” said Phillips S. Baker, Jr., Hecla’s President and CEO. “Greens Creek had higher than expected grades and had about 5% of the tons coming from automated headings. Casa Berardi exceeded expectations due to higher grades and the flexibility of having sources of ore from the underground and the surface. San Sebastian production, while lower than last year, was higher than we expected due to higher grades. This outperformance put the cash position at the second highest in the past six years, which we expect to deploy to acquire Klondex early in the third quarter.”

Orla Mining Ltd. (TSXV: OLA) is pleased to announce that the Company has filed a technical report, prepared in accordance with National Instrument 43-101, for its 100% owned Camino Rojo Project located in Zacatecas State, Mexico. Orla previously released the results of the preliminary economic assessment in its May 29, 2018 news release which included a summary of all assumptions and key results contained in the technical report.