Candelaria Mining Corp. is pleased to provide an update on a private placement previously announced on December 21, 2018 and March 8, 2019. The Company would like to state that the private placement has been discontinued due to unfavorable market conditions.
Igor Gonzales, President and CEO of Sierra Metals commented:“The Company continues to strengthen its performance in 2019 achieving record quarterly consolidated equivalent metal production in the third quarter…”
“Based on this updated guidance we are still projecting to deliver growth in production relative to the third quarter of 2019. Our first priority is to take all necessary steps to ensure the safety of our employees and contractors at the Tucano Gold Mine while working diligently to minimize the impact to short-term and medium-term production,” stated James Bannantine, President & CEO.
Fortuna Silver Mines Inc. is pleased to report production results for the third 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 1.9 million ounces of silver and 11,436 ounces of gold plus base metal by-products. Silver and gold production for the first nine months of 2019 totaled 6.6 million ounces and 38,247 ounces respectively; being 1 percent above and 4 percent below the Company’s nine month projection respectively. Fortuna is on schedule to produce between 8.2 to 9.0 million ounces of silver and between 49 to 54 thousand ounces of gold or between 11.7 to 12.9 million Ag Eq ounces in 2019 in accordance with our annual production guidance.
Alamos Gold Inc. today reported that it has suspended all construction activities on its Kirazlı project pending the renewal of its Turkish mining concessions which expired on October 13, 2019. Although the mining concessions have not been revoked and can be renewed following this expiration date, no further construction activities can be completed until the concessions have been renewed.
The Bacanora project team in Mexico continues to progress the final design work for the mine, concentrator and kiln sections of the processing plant. The Ganfeng technical team has initiated work on the hydrometallurgical circuit and is reviewing sourcing key sections of the lithium production equipment from current equipment suppliers in China.
As we move forward and progress as a company, we are avoiding past problems and heading towards a prosperous road with valuable knowledge and experience gained.
Argonaut Gold Inc. regrets to advise that two individuals who work for its mining contractor at its La Colorada mine were fatality injured as a result of a high voltage accident while performing maintenance on a haul truck on Friday, October 11, 2019.
Effective at the opening on October 17, 2019 , the common shares of Boundary Gold and Copper Mining Ltd. will commence trading on TSX Venture Exchange, and the common shares of Prize Mining Corporation will be delisted. The Company is classified as an ‘Exploration/Development’ company.
Tamino Minerals, Mr. Pedro Villagran-Garcia, President & CEO, is pleased to confirm that it has a Property of Merit, or exploration target.
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