Month: August 2019

Fred Davidson, President & CEO of IMPACT stated, ”Nearly seven years into this mineral downturn, silver had a challenging first half of 2019. Continuing the cost reduction efforts implemented from September 2018, operating expenses in Q2 2019 dropped to just $3.0 million from $3.8 million, a sharp 20% decrease despite only a 10% drop in silver ounces sold. The decrease in land package size, keeping the high potential packages with the possibility to quickly re-acquire, showcases the flexibility and nimbleness of our operations. Being the largest employer in Zacualpan for the last 14 years, IMPACT has built up trust and rapport with mining government contacts and local staff.”

Aura Minerals Inc. announces that the Company has published its third quarter 2018 financial and operational results.

Igor Gonzales, President, and CEO of Sierra Metals stated: ”I am pleased with the improvements that we have seen in the production performance for the Company in the second quarter of the year. Building on the first quarter, we have continued to overcome the challenges encountered to date this year including lower metal prices, a strike at Yauricocha, and a slower than expected ramp-up of throughput at Bolivar and Cusi. However, the Company realized record consolidated quarterly throughput during the second quarter, with record throughput at both the Bolivar and Cusi mines which contributed to strong cash flows and good returns on the capital invested in our growth projects.”

Defiance intends to use the proceeds of the financing to continue an aggressive exploration program at its San Acacio Silver project. The drill program will focus on the discovery of new silver shoots along the Veta Grande vein, the recently defined silver-copper geophysical anomaly and further resource expansion.

Arturo Prestamo, Santacruz’s CEO stated, ‘We are pleased that Mineral Cedros has agreed to extend the current expiry date of the Zimapan Mine lease agreement as this provides Carrizal and Minera Cedros additional time to negotiate the potential acquisition of the Zimapan Mine by Carrizal from Minera Cedros.’