McEwen Mining Inc. reports consolidated production for Q3 2018 of 33,806 gold ounces and 745,172 silver ounces, or 43,742 gold equivalent ounces, using a 75:1 gold to silver ratio. Consolidated production for the nine months ended Sept. 30, 2018 was 135,344 GEOs, which is 48% higher than the comparable period in 2017.
El pasado 10 de Octubre de 2018, la empresa Minas de Oro Nacional, filial de Alamos Gold, hizo entrega a la comunidad de Matarachi y Mulatos, ubicadas en el Municipio de Sahuaripa, Sonora, de un Centro Educativo que cuenta con aulas para kínder y primaria totalmente equipadas, casa para los maestros, oficinas educativas y canchas deportivas, con todos los servicios de agua potable y electricidad, así como todos los materiales escolares necesarios para elevar la calidad de la educación de la niñez de estas poblaciones, vecinas a la operación minera de Mulatos. La inversión en este proyecto fue de $20 millones de pesos, financiada en su totalidad por Alamos Gold, con el fin de apoyar a una educación de calidad a los niños y niñas de esta región.
Magna Gold Corp. is pleased to announce that it has entered into an arms length option agreement dated September 25, 2018 with Beatriz Delia Yepiz Fong, an individual resident in the Sonora State of Mexico. The Agreement is subject to regulatory approval. The Proposed Transaction will constitute the Corporation’s qualifying transaction pursuant to Policy 2.4 Capital Pool Companies of the TSX Venture Exchange.
Together with the proceeds from Sables previously completed early warrant exercise incentive program, the Company has raised an aggregate of $4,595,975. The net proceeds received by the Company from the Offering and the Program will be used for exploration at the Companys properties in Mexico and Argentina and for working capital and general corporate purposes.
Fortuna Silver Mines Inc. reports that in the early morning of October 8th, abnormally high rainfall caused a contingency pond to overflow at the dry stack tailings facility at the San Jose mine located in Oaxaca, Mexico. The contingency pond collects water from a ditch system at the dry stack facility designed to capture and manage rain water. The Company wants to emphasize that no industrial process water was discharged in this incident and that the San Jose operation uses a cyanide-free process to produce concentrate.
VVCs Chairman, Dr. Terrence Martell pointed to the results from the GEEZ drilling as further confirmation of the potential of the Companys Samalayuca Copper Property and added: We have two more zones to drill in this campaign, the trapezoid-like area in the Suerte and Juliana zones and around the old Concha pit. So far the results of this campaign have validated our hypothesis regarding the significant potential of the Samalayuca Copper Project.
In addition to near-term production potential, a criteria for all of the projects in the Companys development portfolio is that the concession areas contain significant exploration upside. While we have been aggressively pursuing production permits our exploration team has been working in parallel to expand geological models and target high priority areas for resource expansion potential. stated Darren Koningen, CEO of Minera Alamos. These very encouraging drill results at the Santana project are the start of an ongoing exploration program designed to demonstrate the significant untapped value contained in our development assets.
“The decision to put Minto on care and maintenance while we seek alternatives is to preserve and maximize its value,” said Darren Pylot, President and Chief Executive Officer of Capstone. “The team will ensure Minto can be restarted efficiently and safely once the copper and equity markets improve. Minto has been an important part of Capstone’s history and we thank the team at Minto for their commitment and dedication.”
The Company has done a good job at managing its proven and probable mineral reserves and measured and indicated resources despite modest exploration budgets, said Darren Blasutti, President and CEO. With reserves and measured and indicated resources of approximately 100 million ounces of silver, 1.1 billion pounds of zinc, and over 800 million pounds of lead across our royalty- and stream-free properties, we provide very attractive production optionality and per share resource leverage to higher commodity prices.
Endeavour CEO and Director Bradford Cooke commented, During the third quarter, El Cubo production continued to outperform, but Guanaceví and Bolañitos fell short of plan resulting in steady quarterly production. Looking ahead to Q4, 2018, management anticipates higher silver and gold production due mainly to higher anticipated throughput and grades at Guanaceví and initial production from El Compas.
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