Month: October 2018

“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.”

Fortuna Silver Mines Inc. is pleased to reportproduction results for the third 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 2.2 million ounces of silver and 12,542 ounces of gold, plus base metal by-products. Silver and gold production for the first nine months totaled 7.0 million ounces and 42,140 ounces respectively; being 13 percent and 16 percent above the Company´s nine month 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.

Leagold Mining Corporation reports that Adriaan “Attie” Roux has been appointed to a newly created role of Chief Operating Officer for an initial term of six months. Mr. Roux is a Metallurgical Engineer with over 40 years of operational, technical and executive management experience in the mining industry.

The Company’s non-brokered equity private placement financing has been increased to CA$2.5 from the previously announced $1.2 million. The Company has raised to-date about CA$1.9 million and expects to close by November 5. The proceeds of these Financings will be used for ongoing drilling program, maintenance fees and option payments on the Company’s Samalayuca Copper Project, and for fees and work related to its Cumeral and La Tuna projects in Mexico, general administration costs in Canada and Mexico and for working capital.