Day: October 15, 2018

Consolidated Zinc Limited wishes to advise that Mr Andrew Beigel will step down as a director from the Board of Consolidated Zinc.

First Majestic Silver Corp. announced today it has filed a preliminary short form base shelf prospectus with the securities regulators in each province of Canada, except for the Province of Quebec, and a corresponding shelf registration statement on Form F-10 with the United States Securities and Exchange Commission. These filings, when made final or effective, will allow the Company to make offerings of common shares, subscription receipts, units, warrants or any combination thereof of up to US$300 million during the 25 months following the (final) prospectus and registration statement becoming effective in the United States and Canada (except for the Province of Quebec).

The net proceeds from the Offering will be primarily used by Sonoro for exploration expenditures on the Cerro Caliche project in Sonora, Mexico and for general working capital purposes.

La recuperación en los precios internacionales del oro permitirá que entre lo que resta del año 2018 y el próximo año 2019 se pongan en operación al menos 19 nuevas minas de oro o plantas de procesamiento de este metal precioso en el país, ubicándose la mayor parte de los proyectos en los estados de Zacatecas, Guerrero y Durango.

“We had a very strong quarter with total production achieving a new record of 6.7 million silver equivalent ounces representing a 31% increase compared to the prior quarter,” said Keith Neumeyer, President and CEO. “The record quarter was primarily due to the Company receiving a full quarter of production from the San Dimas operation, along with increases in consolidated silver and gold grades of 19% and 35%, respectively. In fact, five of our six mines recorded higher production levels as a result of these significant grade improvements. However, due to the prolonged weakness in the silver price we have implemented a 20% cost reduction program across all areas of the business which is expected to be fully realized by the first quarter of 2019.”

Endeavour Silver Corp. announces, effective today, the appointment of Nicholas (Nick) Shakesby as the new Vice President, Operations to oversee the Company’s underground mining operations in Mexico. Mr. Shakesby will report to Endeavour President and Chief Operating Officer, Godfrey Walton.

“During the third quarter of 2018, our production results were slightly lower than anticipated; however, we are very pleased that we have begun small-scale processing of newly-mined material from the San Luis area of the Avino Mine through Mill Circuit 2. We feel this highlights that our expansion was well timed and running smoothly.” said David Wolfin, President and CEO. “As we enter into the fourth quarter, we are on pace to achieve our internally projected production levels for the full year, and we remain focused on ensuring that we are ready to run San Luis material through Mill Circuit 4 in the first quarter of 2019. Additionally, the Company has undertaken a number of cost reduction initiatives during this time of low precious metal prices, which are outlined further in this news release.”

Torex Gold Resources Inc. announces the appointment of Ms. Jody Kuzenko to the role of Chief Operating Officer, effective October 29th, 2018. There will be a transition period with Jason Simpson, until November 9th, 2018, when Jason leaves the Company for a CEO role within the industry.

Orla Mining Ltd. is pleased to announce that Jason Simpson will succeed Marc Prefontaine as the Company’s President and Chief Executive Officer effective November 12, 2018. In addition to the role of President and CEO, Mr. Simpson will also serve as a director of the Company. Marc Prefontaine, current President and CEO of Orla, will resign as a director but will remain with the Company for the remainder of the year to ensure a seamless transition.