FIRST MAJESTIC SILVER CORP. (AG: NYSE; FR: TSX) (the “Company” or “First Majestic”) is pleased to announce that its second quarter 2016 unaudited financial results will be released on Wednesday, August 10, 2016.
Furthermore, the Company will be holding a conference call and webcast on Wednesday, August 10, 2016 at 10 am PDT (1 pm EDT).
Toronto, ON / TheNewswire / July 25, 2016 – Oremex Silver Inc. (TSXV: OAG) (“Oremex” or the “Company”)is pleased to announce changes to its officers and directors along with an update on operations for 2016.
Director and Officer Update
At the Company’s Annual and Special Meeting held on July 7, 2016, the Company added Mr. Carlos Espinosa and Mr. James McVicar to the Board.
Mr. Carlos Espinosa, has over 25 years of experience combining international business development, Canadian capital markets and commercial banking, mainly in natural resources and advanced manufacturing industries. Mr. Espinosa is Partner and Founder of SoftLanding Group Mexico, Inc. (SLG Mexico), a boutique advisory firm based in Toronto, Canada dedicated to assist Canadian companies with interests in Latin America, as well as Latin American companies and governments interested in business opportunities in Canada. Between 2011 and 2015, Mr. Espinosa was at the Toronto Stock Exchange (TSX) and TSX Venture Exchange (TSXV) with his last position being Head of Business Development, Global Mining. – See more at: http://www.thenewswire.ca/archives?tnwcatalyst2=release_id%3D19623#sthash.VnIgHBWb.dpuf
CALGARY, ALBERTA–(Marketwired – July 25, 2016) –BACANORA MINERALS LTD. (“Bacanora” or the “Company”) (TSX VENTURE:BCN) (AIM:BCN) the AIM and TSX Venture Exchange listed lithium and borates company focussed on Mexico, announces that Colin Orr-Ewing is stepping down as Non-Executive Chairman of the Company due to personal reasons. Mr. Orr-Ewing will remain on the Board as a Non-Executive Director.
James Leahy, an existing Non-Executive Director of the Company, will be appointed as the Non-Executive Chairman of the Company on an interim basis until further notice, effective as of 25 July 2016.
Mr. Orr-Ewing is a founder of Bacanora and has been Chairman of the Company since 20 June 2014. The Board would like to express its strong appreciation and thanks for all his efforts on behalf of Bacanora during his Chairmanship and looks forward to continue working with him in his capacity as Non-Executive Director.
VANCOUVER, BRITISH COLUMBIA–(Marketwired – July 25, 2016) –Timmins Gold Corp.(TSX:TMM) (NYSE MKT:TGD) plans to release its second quarter 2016 financial statements prior to the market open on August 12, 2016 followed by a conference call to discuss the results at 11:00 am (ET).
Seguramente no es igual de glamoroso que el oro, sin embargo, el rendimiento de este metal ya roza el 40 por ciento en lo que va del año, lo que lo ubica, hasta ahora, como uno de los commodities con mejor desempeño de 2016.
Una caída en los inventarios del zinc en el London Metal Exchange, aunado a una mayor demanda global, han catapultado su precio a máximos de más un año, mientras que en lo que va de éste ha subido 39.53 por ciento para alcanzar un precio de 2 mil 246 dólares por tonelada el jueves. Además de su uso en la construcción, los materiales galvanizados -recubiertos con zinc- son mayormente solicitados por la industria automotriz, que también está viviendo un nuevo auge ante los precios bajos de los combustibles.
VANCOUVER, BRITISH COLUMBIA–(Marketwired – July 25, 2016) – Geologix Explorations Inc. (TSX VENTURE:GIX)(FRANKFURT:GF6)(BERLIN:GF6)(STUT:GF6)(MUN:GF6) (“Geologix” or “the Company”) is pleased to announce the successful closing of its non-brokered private placement of 17,000,000 units at $0.065 per unit for gross proceeds of $1,105,000 (the “Offering”).
Each unit issued under the Offering consisted of one common share and one-half of one non-transferable share purchase warrant, with each whole warrant entitling the holder the right to purchase one additional common share for a period of 36 months from closing at a price of $0.10. All securities issued and issuable pursuant to the Offering are subject to resale restrictions until November 23, 2016.
arlin Gold Mining Ltd. (TSX VENTURE:MLN) (“Marlin” or the “Company”) is pleased to announce that it has completed its previously announced non-brokered private placement of common shares (the “Equity Offering”). Pursuant to the Equity Offering, Marlin issued 13,000,000 common shares of the Company (the “Common Shares”) at a price of $0.50 per Common Share for aggregate gross proceeds of approximately $6,500,000.
The Equity Offering was subscribed for by Wexford Spectrum Trading Limited and Wexford Catalyst Trading Limited (collectively, the “Wexford Funds”), private investment funds managed by Wexford Capital LP (“Wexford”), which subscribed for 10,400,000 and 2,600,000 Common Shares, respectively.
TORONTO, July 25, 2016 (GLOBE NEWSWIRE) — McEwen Mining Inc. (NYSE:MUX) (TSX:MUX) is pleased to announce that total production for the second quarter (“Q2”) was 39,555 gold equivalent ounces(1) using a gold to silver ratio of 75:1, or 27,888 gold ounces and 875,006 silver ounces. Production is on target to achieve our 2016 guidance of 144,000 gold equivalent ounces, or 99,500 gold ounces and 3,337,000 silver ounces.
VANCOUVER, July 25, 2016 /PRNewswire/ – GREAT PANTHER SILVER LIMITED (TSX: GPR; NYSE MKT: GPL) (“Great Panther”, the “Company”) has scheduled the release of its second quarter 2016 financial results for Wednesday, August 3, 2016 after market close.
A conference call and webcast will be held on Thursday August 4, 2016 at 11:00 a.m. Eastern Time (8:00 a.m. Pacific Time) to discuss the results. The call will be hosted by Mr. Robert Archer, President and CEO and Mr. Jim Zadra, CFO and Corporate Secretary.
During the third week of July, at least 20 press releases from companies working in Mexico were published, down from 34 the prior week, although more national news were available in the press. ON EXPLORATION, SilverCrest continues with the underground rehabilitation activities at its property in Sonora. Cyprium Mining announced more channel assays from its mine in Chihuahua and Kootenay Silver announced a drill program is about to start in its property in Chihuahua. ON MINING, Three companies presented second quarter results for 2016 and Fresnillo increased gold and silver production on the same lapse and FRSICO obtained environmental permits for one of its mining units. ON FINANCING,six companies announced cash calls and the opening, tranche completion or the closing of financing rounds and warrants exercise, for total gross proceeds of $34.9 million and CDN$12.25 million. Southern Silver is to trade on the OTCQB. ON DEALS. Timmins Gold and Candelaria completed the transaction on a property in Veracruz. ON MEXICO NEWS. 2015 was a year of mergers and acquisitions in Mexico, and production records were set for eight metals and minerals. Several silver projects are in the pipeline to production and growth records are analyzed for three Mexican majors. Fresnillo PLC has half of sizeable development projects in Mexico
SilverCrest Metals Inc. Announced an update on the underground rehabilitation program with additional assay results at its Las Chispas project in Sonora. SilverCrest’s initial focus is on the three veins with known production: the Las Chispas, William Tell and Babicanora. Channel sample results include multiple samples grading 1-11 g/t Au and 600-2,230 g/t Ag over 0.6 to 2.2 m widths. Composited samples average up to 2.4 g/t Au and 331 g/t Ag on 1.55 m width over continuous 35 m strike length and 1.1 m wide @ 1.5 g/t Au and 335 g/t Ag over a semi-continuous 90 meters strike length. Of 43 samples of backfill material being removed, the average is 2.45 g/t Au and 239 g/t Ag. Historic underground workings now stand at 11.5 km. To date 19 core holes have been drilled, to total approximately 5,600 meters, drilling results are planned to start coming during next August.
Cyprium Mining Corp. announced results of 71 more underground samples from the Tunel body. 26 samples of a 1.2 m wide flat lying manto averaged 238 g/t Ag, 5.3% Pb and 8% Zn. Samples from backfill material (muck, or rezaga) average 173 g/t Ag, 4.8% Pb and 3.9% Zn.
Kootenay Silver Inc. announced drilling is to begin on early August on its La Cigarra Property in Chihuahua.
Sierra Metals Inc. reported production on the second quarter of 2016, which includes data from Bolivar and Cusi mines in Chihuahua. At Bolivar 236 K tonnes were processed at a rate of 2,700 tpd, running 1% Cu, 18.5 g/t Ag and 0.2 g/t Au, recoveries were 82.5% for Cu, 75.7% for Ag and 48% for Au, producing 4.28 M Lb copper, 106 K Oz silver and 743 Oz gold. At Cusi 52 K tonnes were processed, at a daily rate of 597 tonnes with grades of 181 g/t Ag, 0.23 g/t Ag, 1.2% Pb and 1.1% Zn, with recoveries of 69%, 57%, 81% and 38.5% for Ag, Au, Pb and Zn respectively, producing 211 K Oz silver, 217 Oz gold, 1.1 M Lb lead and 510 K Lb Zn.
Avino Silver & Gold Mines Ltd. reports 2016 second quarter results from its Avino and San Gonzalo mines in Durango. At Avino 1,242 meters of mine were developed, 97.7 K tonnes processed @ 64 g/t Ag, 0.26 g/t Au and 0.55% Cu, with recoveries of 85%, 60% and 90% respectively for silver, gold and copper. Producing 168.8 K Oz Ag, 492 Oz Au and 1 M Lb Cu. At San Gonzalo 24.8 K tonnes were mined, 33.9 K tonnes processed @ 237 g/t Ag and 1.3 g/t Au with recoveries of 82% and 71% respectively for silver and gold, producing 221.8 K Oz Ag and 1,017 Oz Au.
Santacruz Silver Mining Ltd. reported the second quarter 2016 operation results from the Rosario mine in San Luis Potosi, processing 26.4 K tonnes @ 0.18 g/t Au, 194 g/t Ag, 1% Pb and 3.5% Zn with recoveries of 66.7%, 89%, 92.1% and 89.2% Zn respectively. At Veta Grande, Zacatecas, development work is advancing at several veins, reaching a production of up to 400 tpd by the end of the quarter.
Fesnillo PLC. Produced 14.5% more silver and 19.6% more gold on the second quarter, and raised its gold production guidance form 775-790 K to 850-870 K Oz Au for 2016.
Minera Real de Angeles, part of FRISCO Group Obtained the environmental permits for placing tailing dams on its Porvenir mine in Aguascalientes.
Southern silver Exploration Corp. has been accepted for trading at the OTCQB.
Almaden Minerals Ltd. reports raising a total of $6.9 million by the exercise of warrants (Ixtaca, Puebla).
Mammoth Resources Corp. Reminds stake holders it still is under a Management Cease Trade Order (MCTO), for failing to file in time its year-end audited financial statements and accompanying Management Discussion and Analysis (Tenoriba, Chihuahua).
Cyprium Mining Corp. completed a private placement for gross proceeds of up to $195 K and the extension of the maturity date of various loans totaling US $813,750 (Potosi mine, Chihuahua).
Americas Silver Corp. announced the approbation for the conversion of “subscription receipts”. The Subscription Receipts were issued as part of a private placement for total gross proceeds of approximately C$11.6 million (San Rafael-Cosala, Sinaloa).
First Mining Finance Corp. increased its non-brokered private placement to raise gross proceeds of up to $27 million (six mines in Mexico).
Silver Bull Resources Inc. completed the previously announced private placement for aggregate gross proceeds of CDN$651 K (Sierra Mojada, Coahuila).
Minera Alamos Inc. approved the issuance of 4.35 million options at a price of $0.19 (Mulatos, Sonora).
Highvista Gold Inc. Entered an unsecured loan facility in an amount of up to $150 K. Highvista is involved in a reverse takeover and the change of business activities, exiting the mining business (Canasta Dorada, Sonora).
Timmins Gold Corp. and Candelaria Mining Inc. announce the completion of the sale of the Caballo Blanco gold project in Veracruz. Candelaria has made a final payment of US$3.154 million and deferred a US$2.5 million payment to be made at the earlier occurrence of the Company receiving permits or June 24, 2017. Candelaria has also assumed US$5 million in liabilities in exchange for the project and all related rights and assets.
ON MEXICO NEWS
CAMIMEX (Camara Minera de Mexico). Reported several mergers and acquisitions that took place during 2015. Alamos Gold took Aurico Gold, Coeur Mining bought Paramount Gold & Silver, First Majestic Silver acquired SilverCrest Mines, Timmins took Newstrike and Capital and Southern Copper Corp. bought El Pilar project in Sonora. CAMIMEX (Camara Minera de Mexico). Reported that 7 out of 14 projects to initiate or expand gold production in Mexico are to be funded by Fresnillo PLC, in the period 2016 to 2021 (Source: Opportimes.com).
CAMIMEX (Camara Minera de Mexico). Silver production in Mexico grew 3.7% in 2015, but 84% if measured against 2008 production. In 2015 5,955 tonnes of silver (191.45 million Oz Ag) were produced, against 3,236 tonnes (104 million Oz Ag) in 2008. Three of the biggest developments in the pipline of silver production are San Julian in Chihuahua, Juanicipio in Zacatecas and Rey de Plata, Guerrero. Projects awaiting better commodity prices are La Preciosa and Pitarrila in Durango, El Gallo II in Sinaloa and Cordero in Chihuahua (Source: El Economista).
On the Mexican Stock Exchange (Bolsa Mexicana de Valores). During the second quarter of 2016 Peñoles, obtained an annual growth of 28.8% in income, 29.4% in EBITDA and 23% net profit; while FRISCO growth was 0.5% in revenue, 23% in EBITDA and 10.5% in profits; Grupo Mexico obtained a 28.8% growth in revenue, 2.5% in EBITDA, and (18.4%) in profits, while Minera Autlan registered a (10.3%), and (33.6%) fall in revenue and EBITDA, and a net loss of 28 million pesos (about US$1.5 million). A good part of these results for the companies can be attributed to recent changes in commodity prices (Source: Expansión).
Commodities production record. Mexico registered record production for eight metals and minerals in 2015, including gold, silver, copper, lead, zinc, wollastonite, magnesium sulfate and sodium sulfate. Although the production was greater in volume, the value fell 9.1% in dollar terms, reaching US$13,469 million, of which 34.1% was accrued by gold, 19.7% by copper and 18.5% by silver. (Source: El Economista).