‘The drill results from this sampling campaign are encouraging and indicate that our team in Mexico has once again successfully met the challenge to find higher grades and thick veins, both as replacement for the closure of San Gonzalo and potentially improve margins before the end of this year’, said David Wolfin, President and CEO.
We had another strong quarter of production despite significantly lower metal prices during the period but its exciting to see the rebound in precious metal prices, particularly silver, in recent weeks, stated Brendan Cahill, President and Chief Executive Officer. Our focus on reducing dilution continued to deliver results with improved ore grades and increased metal production with further progress ongoing at the mine and mill. As indicated previously, we ended Q1 with a significant stockpile of fresh ore and concentrate. As a result, sales and revenues from the deferred material from Q1 will be reflected in our Q2 financial results.
Recientemente, desde la Secretaría de Innovación y Desarrollo Económico se anunció que un nuevo proyecto en el área de minería estaba por concretarse. Se trata de la mina conocida como Los gatos, que se encuentra a un par de meses de iniciar operaciones en la comunidad de San José del Sitio en Satevó y cuya inversión corre por parte de la compañía Sunshine Silver Mine y Dowa Holdings Co. Ltd. Japan.
Silver One Resources Inc. announces that it has granted a total of 2,435,000 stock options to its directors, officers, consultants and advisors. The stock options have a five year term, are exercisable at $0.26 per share and subject to certain vesting requirements.
Americas Silver Corporation is pleased to announce that Eric Sprott has agreed to purchase 3,955,454 common shares of the Company at a price of CDN$3.30 per share, for a total investment of approximately US$10 million in a non-brokered private placement.
Taj Singh, President and CEO of Discovery commented, We are excited to have Mr. Sprotts support as we enter into our next phase of growth. His investment ensures Discovery is well funded to pursue its exploration plans for its Coahuila projects and also for the Cordero project, which will be added to Discoverys portfolio upon closing of the Levon Transaction. For Discovery and Levon shareholders, Mr. Sprotts investment is a strong endorsement of the combined companys future business plans.
N. Eric Fier, CPG, P.Eng, and CEO, remarked, ‘The approval of the MIA is a key milestone for Las Chispas. The MIA should enable SilverCrest to have all major operating permits in hand ahead of our scheduled construction timeline. With the anticipated completion of a successful Feasibility Study in H1, 2020, the Company is well positioned to project finance and begin construction activities in H2, 2020. We are extremely pleased with the progress that our team has made in the 3.5 years that weve been exploring at Las Chispas. We continue to work hard to simultaneously de-risk and add value to the Project in a cost-efficient manner. Congratulations to the team and the communities that support us in securing this key permit for development of Las Chispas.’
Gold Resource Corporation reports preliminary production results for the second quarter ended June 30, 2019 of 9,559 ounces of gold, 467,484 ounces of silver and significant base metals. The Company currently maintains its 2019 Oaxaca Mining Unit production outlook and plans to increase its global production outlook once commercial production levels are reached at its Nevada Mining Units Isabella Pearl gold project. The Isabella Pearl project reported the commencement of first gold production during the second quarter.
‘Our strong silver production reflects the continued outperformance of Greens Creek, which had higher grades and recoveries during the quarter as expected,’ said Phillips S. Baker, Jr., Heclas President and CEO. ‘San Sebastian is continuing to perform as expected as we continue the bulk sample test of the sulfide material. We expect gold production to be higher at both Casa Berardi and in Nevada in the second half of the year, particularly the fourth quarter.’
Under the now modified terms of the financing and in addition to the placement of Series 1 Units described above, IMPACT will offer up to 10,344,828 units at an increased price of $0.29 per unit consisting of one Share and one common share purchase warrant exercisable for a 36-month period following their issuance at an exercise price of $0.385 per Share for additional gross proceeds of up to $3,000,000.
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