Month: January 2019

At San Francisco fourth quarter gold production was 10,292 ounces and full year production was 53,990 ounces. Following a full technical review of the operations that commenced in September 2018 progress was made on reducing the dilution that was occurring in the more narrow, discontinuous zones of Phases 6, 7 and 8 of the San Francisco pit. Further engineering work is ongoing to optimize the life of mine plan, in particular to bring forward the satellite La Chicharra pit. While this work is ongoing, the mine has begun processing low grade stockpile material through the crushing circuit and has stopped mining in the San Francisco pit. There are sufficient stockpiles to operate at full capacity throughout 2019 (as at July 1, 2018, the low-grade stockpile consisted of approximately 7.2 million tonnes of 0.26 g/t gold material (60,200 contained ounces). Gold production at San Francisco is expected to remain consistent with current production levels for at least the first half of 2019.

Paul Benson, President and CEO said, “As all three of our operations exceeded expectations and with both Marigold and Seabee at or near record annual production, we produced over 345,000 gold equivalent ounces in 2018. This marks the seventh consecutive year that we have met or exceeded our annual production guidance. In the year ahead, we are forecasting production growth to nearly 400,000 gold equivalent ounces, with Seabee and Marigold continuing to deliver to plan and Puna ramping-up to steady-state operations. Importantly, due to the exploration success across our portfolio and our strong balance sheet, we are able to invest in our assets for the long-term benefit of our shareholders, communities, and employees.”

Golden Minerals Company would like to cordially invite you to visit us at Booth #508 at the Vancouver Resource Investment Conference (VRIC) to be held at the Vancouver Convention Centre West (1055 Canada Place, Vancouver) on Sunday January 20 – Monday January 21, 2019. We also invite you to a presentation given by President and Chief Executive Officer, Warren Rehn, on Monday January 21, 2019 at 11:20am ET in Workshop 3.

“We realized strong improvements in production in Q4 over Q3 2018, though December scheduling and lower base metal prices impacted silver equivalent production,” stated Brendan Cahill, President and CEO. “Overall, 2018 was a strong year, with record tonnage processed at our Miguel Auza facility and Platosa optimization efforts continuing to pay off. We continue to identify and pursue opportunities to increase metal production and remain focused on increasing daily tonnage while maintaining improved ore grades.”

McEwen Mining Inc. consolidated production in 2018 was 135,124 gold ounces and 3,032,727 silver ounces, or 175,561 gold equivalent ounces

“The economic engine and two largest mines of the Company, Greens Creek and Casa Berardi, continue to perform strongly and generate significant cash flow,” said Phillips S. Baker, Jr., Hecla’s President and CEO. “Their performance is a direct result of our investments which have enabled record-setting throughput. San Sebastian’s lower production is as planned, and the mining of the sulfide bulk sample has begun. We continue to focus on increasing the development rate in Nevada rather than production, with the goal of setting Fire Creek up for more consistent and higher production in the future.”

Oroco Resource Corp. announces that further to its news release dated October 9, 2018, Oroco has engaged an independent qualified person in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects to prepare a technical report on the Santo Tomas Concessions.

“Alamos produced a record 505,000 ounces of gold in 2018, meeting production guidance and marking an 18% increase from 2017. This was driven by strong performances from Mulatos and Island Gold, the latter setting a new record for production and continuing to demonstrate strong potential for growth in mineral reserves and resources,” said John A. McCluskey, President and Chief Executive Officer.