Month: June 2016

Las ‘minas’ de oro son el mejor refugio para la tempestad en bolsa

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http://www.economiahoy.mx/economia-eAm-mexico/noticias/7670926/06/16/Las-minas-de-oro-son-el-mejor-refugio-para-la-tempestad-en-bolsa-.html

Randgold, dedicada a la extracción de oro en el África subsahariana, una de las regiones más empobrecidas del mundo, y con sede en Jersey, isla británica localizada en el Canal de la Mancha y considerada por la OCDE como un paraíso fiscal, ha emergido como el principal refugio entre las cotizadas del Viejo Continente desde que Reino Unido decidió romper con la Unión Europea en el referéndum celebrado el pasado jueves.

Pese a los fuertes desplomes provocados por el Brexit en el FTSE 100, selectivo de referencia en Londres, y en los principales índices del resto de Europa, la minera británica gana más de un 23% desde el viernes. De hecho, Randgold es la compañía del Stoxx 600 que más ha subido en los últimos días. Pero sus acciones no son las únicas que han tenido un comportamiento radicalmente diferencial al del resto del mercado de renta variable. A la minera se unen otras firmas del sector cotizadas en Londres como Fresnillo (sube un 16.95%), Polymetal (un 12.98%) o Rio Tinto y BHP Billinton, que se han revalorizado un 2.03 y 0.99%, respectivamente, frente al 3.12% que cae el FTSE 100 y el 9.19% que lo hace el EuroStoxx 50.

Muestra Peñoles cautela por Brexit

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http://www.elsiglodetorreon.com.mx/noticia/1238427.muestra-penoles-cautela-por-brexit.html

Aunque los precios de los metales han repuntado debido a la volatilidad de los mercados financieros, Rafael Rebollar, director de Met Mex Peñoles, dijo que “nos alegra que repunten los precios de los metales a nivel global, pero no nos alegra la situación que está por venir y que es una situación muy compleja, no hemos entendido la magnitud de la salida del Reino Unido de la UE.”

Mencionó que están cautelosos, ya que hay que ver cuánto tiempo continúan altos los precios de los metales preciosos, lo cual es bueno porque da un ligero respiro, aunque aclaró que es muy difícil comentar mucho sobre este tema.

Avino Announces Extension of Concentrates Prepayment Agreement with Samsung C&T

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http://www.juniorminingnetwork.com/junior-miner-news/press-releases/953-tsx-venture/asm/21674-avino-announces-extension-of-concentrates-prepayment-agreement-with-samsung-c-t.html

VANCOUVER, June 29, 2016 /CNW/ – Avino Silver & Gold Mines Ltd. (ASM: TSX.V, ASM: NYSE – MKT; “Avino” or “the Company”) is pleased to announce that the concentrates prepayment agreement with Samsung C&T U.K. Ltd. (“Samsung“) originally announced on July 9, 2015 has been extended one further year from July 2017 to July 2018.

Pursuant to an amending agreement (the “Amendment“), Avino will sell silver concentrates on an exclusive basis to Samsung until July 2018. Samsung has previously advanced to Avino the sum of US$10 million as prepayment of such concentrates (the “Facility“), and the Facility will be repaid with interest using Avino’s future shipments of concentrates. Avino will make an initial payment of US$666,666 in June 2016, and Avino will repay the balance with interest by 14 additional monthly instalments commencing June 2017 and ending July 2018. Other material terms of the Facility remain unchanged. The Company is pleased to take advantage of the extension of the concentrate sales agreement and revised repayment arrangement, as this ensures a steady long term contract for the sale of the Company’s silver concentrates, and will provide capital to Avino to further advance and expand its projects over the next 12 months.

 

Riverside Samples Up to 7.24 g/t Gold at the 100% Owned La Silla Gold Project in Sinaloa, Mexico

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http://www.juniorminingnetwork.com/junior-miner-news/press-releases/866-tsx-venture/rri/21672-riverside-samples-up-to-7-24-g-t-gold-at-the-100-owned-la-silla-gold-project-in-sinaloa-mexico.html

VANCOUVER, BRITISH COLUMBIA–(Marketwired – June 29, 2016) – Riverside Resources Inc. (“Riverside” or the “Company”) (TSX VENTURE:RRI)(OTC PINK:RVSDF)(FRANKFURT:R99) is pleased to announce results from initial rock chip sampling at the recently acquired La Silla Gold Project in Sinaloa, Mexico. Riverside geologists collected 74 rock chip samples with assay results ranging from <0.05 up to 7.24 g/t gold and <0.05 up to 148.4 g/t silver. Ten of the samples returned greater than 1 g/t gold.

Highvista Gold Inc. Updates on Change of Business and Sale of Mining Assets

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http://www.stockhouse.com/news/press-releases/2016/06/28/highvista-gold-inc-updates-on-change-of-business-and-sale-of-mining-assets

Toronto, Ontario–(Newsfile Corp. – June 28, 2016) – Highvista Gold Inc. (TSXV: HVV) (“Highvista” or the “Company”) provides a further update to its announced change of business dated August 31, 2015, after an extensive review of the strategic investment landscape and opportunities to drive shareholder growth, the Corporation has decided to transition its investment focus to include the areas of equipment financing in the construction and infrastructure areas and real estate-oriented investments and to not at this time pursue existing or future investments in the mining area as previously announced. In the context of this change in focus, the Corporation is pleased to announce that it intends to sell all of its interests in its Mexican mining exploration assets to Minerales y Yacimientos Mexicanos Sacreamento S.A de CV, an arm’s length private company. The Corporation holds its interests in its Mexican assets through Minera Cascada de Oro, S.A. de C.V. (hereinafter “Minera”), wholly owned by the Corporation’s two wholly owned subsidiaries, Highvista Gold Corporation and Lowvista Gold Corporation (together the “Subsidiaries”). Pursuant to a Purchase and Sale Agreement which became binding on June 23, 2016 (the “Purchase Agreement”), the Subsidiaries have agreed to sell 100% of the shares that they hold in Minera for an amount of $375,000. This sale is subject to the completion of the following principal conditions: i) payment of all Mexican taxes relating to the properties by the Subsidiaries at the date of Closing; ii) the completion of a reverse takeover transaction (the “RTO”) by the Corporation; and iii) approval of the shareholders of the Corporation.

 

 

Gold Resource Corporation Declares June Monthly Dividend

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http://www.marketwired.com/press-release/gold-resource-corporation-declares-june-monthly-dividend-nyse-mkt-goro-2138334.htm

COLORADO SPRINGS, CO–(Marketwired – Jun 28, 2016) – Gold Resource Corporation (NYSE MKT: GORO) (the “Company”) declares its monthly instituted dividend of 1/6 of a cent per common share for June 2016 payable on July 25, 2016 to shareholders of record as of July 11, 2016. Gold Resource Corporation is a gold and silver producer with operations in Oaxaca, Mexico and exploration in Nevada, USA.

The Company has returned $108 million to shareholders in monthly dividends since commercial production commenced July 1, 2010, and offers shareholders the option to convert their cash dividends and take delivery in physical gold and silver.

Oceanus Reports Assay Results and Mobilizes Diamond Drill to its El Tigre Property in Sonora, Mexico

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http://www.stockhouse.com/news/press-releases/2016/06/28/oceanus-reports-assay-results-and-mobilizes-diamond-drill-to-its-el-tigre

HALIFAX, NOVA SCOTIA / TheNewswire / June 28, 2016 – Oceanus Resources Corporation (TSXV:OCN) (“Oceanus” or the “Company”) is pleased  to provide new assays results from its ongoing infill gap sampling program on the legacy diamond drill core at its 100% owned El Tigre Property in Sonora, Mexico.  Oceanus disclosed the results from the first 28 drill holes located between Sections 4400N and 4000N in press releases dated March 7, 2016 and May 16, 2016.  The company has now released results from 53 holes over a strike length of 1675 meters along the El Tigre deposit (Sections 4975N to 3300N).

Azure Minerals – Results of Share Purchase Plan

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Click to access 160627-Results-of-Share-Purchase-Plan.pdf

Azure Minerals Limited (ASX: AZS) (“Azure” or the “Company”) is pleased to announce that the Company’s Share Purchase Plan (“SPP”) has closed, with 37,750,063 shares subscribed for at $0.038 raising $1.434 million.

Allotment of the shares will occur on 27 June 2016 with dispatch of holding statements on 28 June 2016.

 

NSX Silver Inc. Provides Default Status Report

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http://www.fscwire.com/newsrelease/nsx-silver-inc-provides-default-status-report-2

Bedford, Nova Scotia (FSCwire) – NSX Silver Inc. (TSXV:NSY.H) (“NSX Silver” or the “Company”) is providing this bi-weekly default status report in accordance with National Policy 12-203 Cease Trade Orders for Continuous Disclosure Defaults.  On April 28, 2016, NSX Silver announced by way of press release that for the reasons disclosed therein, the filing of NSX Silver’s audited financial statements for the fiscal year ended December 31, 2015 and the related management’s discussion and analysis (collectively, the “2015 Annual Financial Statements”) would not be completed by the legal deadline of April 29, 2016.

 

As a result of the delay in filing the 2015 Annual Financial Statements, NSX Silver’s principal regulator, the British Columbia Securities Commission, granted a management cease-trade order (“MCTO”) to NSX Silver dated May 2, 2016.  The MCTO restricts all trading in securities of NSX Silver, whether direct or indirect, by NSX Silver’s senior officers until such time as the 2015 Annual Financial Statements are filed by NSX Silver.  The MCTO does not affect the ability of other shareholders of NSX Silver to trade their securities.

Highlights on the fourth week of June 2016, Mineral Exploration in Mexico

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During the third week of June, at least 20 press releases from companies working in Mexico were published. On exploration, Orex Mineral announced further drilling to commence by JV partner at a project in Durango, while Cyprium Mining  released sample results from its mine in Chihuahua. On mining, Starcore International and Great Panther reported accidents at its operations in Queretaro and Guanajuato respectively. Minera Alamos acquires used equipment for its project in Durango, while DynaResource continues with pilot milling in Sinaloa. Goldgroup Mining declared commercial production for a mine in Sonora and Grupo Mexico announces it will continue to invest in projects or facilities in Sonora. On financing, four companies announced the opening, tranche completion or the closing of financing rounds, for total gross proceeds of C$57.5 million and $4.15 million; one other companies changes country of residency  On deals and properties, Morro Bay terminates its interest in a property in Durango. On Resources.   Telson Resources announces the preparation of a new PFS on its Durango property.

On Exploration

  • Orex Mineral Inc. announced that project partner Fresnillo PLC will conduct a phase – V 5,000 m drilling campaign at its Coneto project in Durango.
  • Cyprium Mining Corp. presented results of nine samples on an oxidized body at its Potosí mine in Chihuahua; averaging 37% zinc over 1.5 m.

On Mining

  • Minera Alamos Inc. announced the acquisition of a previously operating grinding/flotation facility, to be used on the La Fortuna project, in the Durango Sierra Madre. The company is evaluating the use of different metallurgical alternatives to the previously envisaged heap leach operation considered by previous owners, to increase the gold recovery.
  • DynaResource Inc. continues with milling at its pilot plant in San Jose de Gracia, Sinaloa at a rate of 170 tons per day, and mining from the San Pablo mine.
  • Starcore International Mines Ltd. reports a fatality at its San Martín mine in Queretaro, during wall and ceiling ground support installation.
  • Goldgroup Mining Inc. declared commercial production at its Cerro Prieto mine in northern Sonora. Cerro Prieto is expected to produce approximately 15K Oz Au in 2016.
  • Grupo Mexico. Announced it will continue investing in Mexico, having in sight new projects like El Pilar and Buenavista zinc projects in Northern Sonora, as well as a smelter in the Guaymas-Empalme region.
  • Greath Panther Silver Ltd. reports a fatality by an isolated rock fall at its Guanajuato mine, in Guanajuato.

On Financing

  • Canasil Resources Inc. increased its non-brokered private placement from $2.4 million to $2.56 million (holds several properties in Durango and Zacatecas).
  • Geologix Explorations Inc. is to carry a non-brokered private financing, for expected gross proceeds of $1.1 million (Tepal Au-Cu project, Michoacan).
  • Oceanus Resources Corp. has closed its previously announced bought deal offering, for gross proceeds of C$5.75 million (El Tigre project, Sonora).
  • Canasil Resources Inc. closed the first tranche of it previously announced non-brokered private placement, for gross proceeds of $488 K (holds several properties in Durango and Zacatecas).
  • Bacanora Minerals Ltd. announced its plans to re-domicile its governing corporate jurisdiction from Canada to the UK (Sonora).
  • Primero Mining Corp. closed its previously announced bought deal financing for gross proceeds of C$ 51.752 million (San Dimas, Durango).

On Deals

  • Morro Bay Resources Ltd. announces that Morro Bay interests on the Riverside Resources Inc. Peñoles property in Durango will terminate, and a 0.75% royalty will be returned in exchange for debt forgiveness in the amount of $139 K.  

On Resources

  • Telson Resources Inc. will prepare a PFS report on its Tahuehueto property in the Durango Sierra Madre, for a 500 ton per day underground mining operation.

Content like what you have just read can be seen at LinkedIn’s Mexico Mineral Exploration Group.

On the picture below, geologist Guillermo Contreras inside the old workings at Cerro Hueco project, NE Durango.CerroHuecoHueco