NEX Exchange, a NEX Group business which operates a regulated, UK stock exchange for small and medium companies, announces today that Auxico Resources Canada Inc. has been admitted to trading on the NEX Exchange Growth Market.
“We are very pleased to see strong shareholder support for our acquisition of Tahoe,” said Michael Steinmann, President and Chief Executive Officer of Pan American. “This is a logical combination that provides investors with exposure to a geographically diversified portfolio of some of the world’s best silver mining assets.”
We are pleased with the results and interpretations of this first phase of work at Espiritu SMR. The important data compilation and invaluable insights from Luciano Bocanegra has confirmed the porphyry copper-moly-gold potential of the Espiritu SMR project and heightened our understanding of its ongoing exploration potential. This extensive interpretive work and recent re-mapping of the project area has better determined the surface extent of the porphyry system(s) and evidenced several of these zones remain open for ongoing exploration. We are now utilizing this new information, interpretations and recommendations as a means of optimizing and streamlining our future work which is expected to include the recommended magnetic and ZTEM surveys to assist in locating a deeper source of the mineralization in advance of possible drilling at the project, said CEO Chris T. Grijalva.
“We achieved the higher end of our guidance for the year, while also advancing our previously announced realignment of Mexican operations to reduce mining from higher cost areas of our Guanajuato Mine which, along with the San Ignacio Mine, forms our Guanajuato Mine Complex”, stated James Bannantine, President & CEO. “This strategy was taken in response to lower metal prices to reduce our cost profile.”
Kootenays next steps at Columba are additional mapping and surface sampling to prioritize drill targets and obtain drill permits. Details from subsequent work will be reported once the Company receives and compiles the results.
“We are pleased to report a strong fourth quarter at both Rainy River and New Afton. It is encouraging to see the improvement in overall performance achieved at Rainy River in the final four months of the year. This marks a pivotal turning point for Rainy River as we reposition the asset for long-term success. The stronger production delivered during these months allowed the operation to comfortably meet revised annual production guidance. The New Afton Mine reported solid quarter-over-quarter results throughout the year and exceeded annual gold production guidance while meeting the high end of annual copper production guidance,” stated Renaud Adams, CEO.
An essential part of our strategy is building a team that can discover, develop and operate mining assets so that we can fully realize on the next bull market in metals, stated Brendan Cahill, President and CEO. Just as great mining assets have been increasingly rare in recent years, the demographic gap in mining portends the same for the industrys most important asset people. Marcellos global experience optimizing and evaluating projects will play an important role in improving our existing operations and growing our business for the long term.
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