Month: October 2018

“Overall gold production during the third quarter met expectations with additional ore being processed from stockpiles at the low-cost South Arturo mine,” stated John Begeman, Executive Chairman of Premier.“In addition, development and construction commenced on the next two production phases at South Arturo; the Phase 1 open pit and the El Nino underground mine”.

“With this payment Santacruz now owns outright, subject to underlying net smelter royalties on certain of the claims, these important concessions and controls approximately 8,900 hectares in the historic and prolific Zacatecas silver mining belt.” stated Carlos Silva, COO of the Company. Mr. Silva continued “We are confident that as we progress the exploration and development of our Zacatecas mineral portfolio we will realize the strong mineral potential of this historical mining district”.

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).

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

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.”