Month: January 2019

First Majestic Produces a Record 22.2M Silver Eqv. Oz in 2018; Announces Higher 2019 Production Outlook & Conference Call Details

“First Majestic had a record year in 2018 producing 22.2 million silver equivalent ounces following the successful acquisition and integration of the San Dimas Silver/Gold mine,” said Keith Neumeyer, President & CEO. “The addition of San Dimas effectively doubled our production profile and total Mexican workforce overnight. Unfortunately, due to falling silver prices in the second half of 2018, we needed to implement various cost cutting measures including placing the La Guitarra mine on care and maintenance, reducing our workforce by approximately 15%, and scaling back capital investments by approximately 20%. These cost cutting measures have been successful and we remain focused on improving margins and will continue to react further if necessary.”

Goldcorp Achieves 2018 Production and Cost Guidance

GOLDCORP INC. is pleased to report gold production for the fourth quarter of 630,000 ounces, which was a 25% increase from the third quarter of 2018 and exceeded previously stated guidance. Production for the year ended 2018 was 2,294,000 ounces. All-in sustaining costs for the full year are expected to be at the revised guidance of $850 per ounce. Goldcorp’s complete 2018 financial results will be released on February 13, 2019.

Newmont and Goldcorp Combine to Create World’s Leading Gold Company

“This combination creates the world’s premier gold company,” said Goldcorp’s President and Chief Executive Officer, David Garofalo. “In addition to the depth and quality of Newmont Goldcorp’s operations, projects, exploration properties and Reserves, the combined company’s assets will be centered in the world’s most favorable and prospective mining jurisdictions and gold districts. The strategic rationale for combining Goldcorp with Newmont is powerfully compelling on many levels, and both teams are fully committed to delivering on the transaction’s value proposition for all of our stakeholders. Newmont Goldcorp will be one of Canada’s largest gold producers and will have its North America regional office in Vancouver, and expects to oversee more than three million ounces of the combined company’s total annual gold production.”

Final Court Approval Received for Plan of Arrangement with Tahoe Resources

Pan American Silver Corp. is pleased to announce that Tahoe Resources Inc. today received a final order of the Supreme Court of British Columbia approving the previously announced plan of arrangement pursuant to which Pan American will acquire all of the issued and outstanding shares of Tahoe.

Fresnillo Plc se mantiene como líder productor de plata

La empresa opera en siete minas y se tienen dos proyectos en desarrollo y además de una importante cartera de planes para expansión. De estas siete, Minera Fresnillo es de las de actividad más importante en el país y forma parte de una tradición minera de más de 500 años en México.

Silver Viper Releases Historical Unreported Drilling Highlights from La Virginia Gold-Silver Project, Sonora, Mexico

Silver Viper’s President and CEO Stephen Cope states, “We are happy to finally share with the market some of the historic assays that attracted our interest to this project. These results come from a small portion of the La Virginia land package. While these occurrences are very interesting by themselves, we look toward making new discoveries on the untested targets to unlock the true potential of this project.”

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