Month: October 2018

Igor Gonzales, President, and CEO of Sierra Metals commented: “I am pleased to see continued improvements in the production results for Q3 2018 including notable increases to consolidated metal production of silver, copper, zinc, and gold. In the third quarter the Company continued to build upon its strong performance in the first half of the year, despite the weather challenges we experienced at Bolivar. The Yauricocha Mine reported sequential solid production results, and the Cusi Mine continued with its tonnage improvements.”

Capstone Mining Corp. announced production results for the three and nine months ended September 30, 2018. Combined production totalled 21,400 and 60,600 tonnes of copper in the third quarter and year-to-date periods, respectively, with additional by-products of zinc, molybdenum, lead, silver and gold.

The net proceeds from Private Placement will be used by the Company to cover the Company’s requirement to contribute funding to the Tahuehueto Mine’s construction rehabilitation and operation under its loan agreement with Trafigura Mexico, S.A. de C.V., and for general working capital purposes.

Oroco Resource Corp. is pleased to announce that Oroco has entered into a definitive option agreement with Altamura Copper Corp. and its shareholders whereby the Optionors have granted to Oroco the exclusive option to acquire the remaining issued and outstanding common shares of Altamura not owned by Oroco. The Company currently holds an approximate 13% equity interest in Altamura.

Aloro Mining Corp. announces that, subject to regulatory approval, it has arranged a non-brokered private placement financing of up to 10,000,000 common shares at a price of $0.10 per Share for gross proceeds of up to $1,000,000.

Galore Resources Inc. reports the closing of its previously announced non-brokered private placement of units of the corporation for gross proceeds of CDN$419,577.10.

Plata Latina Minerals Corporation announced that Mr. Robert B. Blakestad has resigned as Director of the Company for a personal reason. Mr. Blakestad has served on the Company’s board of directors since 2012.