Month: January 2020

Santacruz Silver Acquires La Pechuga Project Adjacent to Zimapan Mine, Hidalgo, Mexico

Mr. Carlos Silva, Chief Operating Officer, stated, “This property is situated in a very promising zone of the Zimapan Mining District and its proximity to the producing Zimapan Mine makes it a strategic acquisition for Santacruz.” Mr. Silva continued; “With respect to the Zimapan Mine, management discussions with Peñoles are at an advanced stage with respect to final terms of an agreement which would allow Santacruz to acquire the Zimapan assets.”

GR Silver Mining Provides an Exploration Update for the San Marcial Silver-Gold Project, Including Drill Result of 28.7 m at 92 g/t Silver, 30 m from the NI 43-101 Resource Area

GR Silver Mining President and CEO, Marcio Fonseca, commented, “After receiving the wide silver results at the Faisanes target from our 2019 drill program, we are pleased to announce that work has begun on our 2020 program. The first phase will involve underground drilling from the existing San Marcial tunnel, where work is already underway to provide drill access.”

New Gold Reports Preliminary Fourth Quarter and Annual Results; Achieves Annual Production Guidance Download

“2019 was a pivotal year for New Gold as we began the journey to reposition the company for long-term success and sustainable shareholder value creation. We are encouraged by the progress we have made in 2019 as we delivered on all our key commitments, including stabilizing operations and completing substantially all deferred construction capital at the Rainy River Mine, advancing the development of the New Afton C-zone, improving our balance sheet and achieving annual production guidance,” stated Renaud Adams, CEO.

Coeur Reports Fourth Quarter and Full-Year 2019 Production and Sales Results

“Coeur’s operations delivered solid gold production in 2019, highlighted by a strong second half of the year,” said Mitchell J. Krebs, Coeur’s President and Chief Executive Officer. “Palmarejo was our best performing operation last year, while Kensington’s gold production increased 12% year-over-year. Wharf’s gold production was 58% higher in the second half of 2019 compared to the first half, leading to a 10% year-over-year production increase.”

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