Month: July 2019

Fortuna reports production of 2.4 million ounces of silver and 13,497 ounces of gold for the second quarter of 2019

Fortuna Silver Mines Inc. is pleased to report production results for the second quarter of 2019 from its two operating mines in Latin America, the San Jose Mine in Mexico and the Caylloma Mine in Peru. The Company produced 2.4 million ounces of silver and 13,497 ounces of gold plus base metal by-products. Silver and gold production for the first six months totaled 4.6 million ounces and 26,811 ounces respectively; being 5 percent above and 1 percent below the Company’s mid-year projection respectively. Fortuna is on schedule to produce 8.2 – 9.0 million ounces of silver and 49 – 54 thousand ounces of gold or 11.7 – 12.9 million Ag Eq1 ounces in 2019 in accordance with our annual production guidance.

Oroco Acquires Key Mineral Concession Interest within the Santo Tomas District

Commenting on the Rossy acquisition, Craig Dalziel , Oroco’s CEO, stated: ‘Acquiring the Rossy concession is a big step forward in Oroco’s land assembly initiatives at Santo Tomas. The Rossy concession has long been an acquisition target for Oroco for reason of its favourable geology and proximity to the Brasiles Zone.’

Discovery Metals Receives Drilling Permit for its Monclova Project

Discovery’s President and CEO, Taj Singh commented: ‘The receipt of the drilling permit for Monclova is a significant step for the Company. Our team has been working diligently to develop an exploration plan for the Project and has delineated multiple high-potential drill targets that we can test in 2019. This will be the first drilling ever carried out at this past-producing, high-grade project.’

Coeur Reports Second Quarter 2019 Production and Sales Results

‘Our second quarter operational results were in-line with our expectations and reflect solid, double-digit production increases across all four metals we produce,’ said Mitchell J. Krebs, Coeur’s President and Chief Executive Officer. ‘We continue to deliver quarter-over-quarter improvements at Silvertip, which is a top initiative for the Company this year. Production increased at Palmarejo due to higher throughput and recovery rates, while Kensington continued to benefit from higher grades from the Jualin deposit. Wharf is expected to benefit from a combination of higher grades and the placement of additional ore during the second half to achieve its full-year plan.’

VVC Exploration Receives Environmental and Land Use Change Permits For Its Northern Mexico Copper Project and Expects to Make a Decision on a Copper Pilot Mine Soon

‘The receipt of the Environmental and Change of Land Use permits together mark a significant milestone for VVC,’ remarked Jim Culver, President. ‘VVC’s vision has long been to commence operations in the Gloria zones with a copper Pilot Mine, in an environmentally and socially responsible manner, while generating positive economic and community impacts’

Millrock Announces Private Placement Financing And Strategic Advisor

Millrock Resources Inc. announces that it plans to raise gross proceeds of between $1,000,000 and $1,500,000 through a non-brokered private placement of between 13,333,333 units and 20,000,000 Units at a price of $0.075 per Unit. Millrock also reports that it has engaged Mr. Doug Flegg of Cairn Merchant Partners of Toronto, Canada as a Strategic Advisor to assist Millrock in finding partners for its Alaska projects.

Great Panther Reports Second Quarter 2019 Production Results

‘Great Panther’s significant increase in gold production in the second quarter reflects the acquisition of the Tucano Gold Mine in March of this year,’ stated James Bannantine, President & CEO. ‘The most significant aspect of the results, however, is the marked improvement in Tucano production since commissioning of a supplemental oxygen system at the end of April. Tucano achieved production levels of 10,900 gold ounces in May and 12,000 in June, compared to 7,000 ounces in April. This marks an important optimization milestone for Tucano which has significantly higher planned gold production in the third and fourth quarters during the dry season.’

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