Month: October 2016

Apreciación de dólar y oro hacen “brillar” a Minera Frisco en 3T16

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http://www.elfinanciero.com.mx/empresas/apreciacion-de-dolar-y-oro-hacen-brillar-a-minera-frisco-en-3t16.html

A pesar de su baja actividad en la extracción de metales preciosos, Minera Frisco reportó un flujo operativo de mil 275 millones de pesos entre julio y septiembre de este año, esto impulsado por el aumento en el valor del oro.

El aumento en el valor del oro en los mercados internacionales, así como la apreciación del dólar frente al peso, impulsó los ingresos y flujo operativo (EBITDA, por sus siglas en inglés) de Minera Frisco en el tercer trimestre de 2016, esto a pesar de su baja actividad en extracción de metales preciosos.

Bacanora Minerals Announces Board Appointment

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https://www.juniorminingnetwork.com/junior-miner-news/press-releases/924-tsx-venture/bcn/26107-bacanora-minerals-announces-board-appointment-2.html

CALGARY, ALBERTA–(Marketwired – Oct. 28, 2016) – BACANORA MINERALS LTD. (“Bacanora” or the “Company”) (TSX VENTURE:BCN) (AIM:BCN), the Canadian and London listed lithium exploration and development company, is pleased to confirm the previously announced appointment of James Strauss as a Director of the Company (with immediate effect) as a result of the completion of all regulatory checks required under AIM Rules (see the Company’s announcement released on 18 October 2016).

James Digby Ronald Strauss (aged 47) is the founding partner of Strauss Partners Ltd. He has worked as a stockbroker in the City of London for over 25 years, specialising in the natural resources sector for nearly 20 of these. He was previously Managing Director of UK Equity product at BMO Capital Markets, prior to which he was a director of Hargreave Hale Ltd. where he founded, developed and then sold a Mining institutional sales and research department. Jamie started his career in 1986 at Strauss Turnbull (subsequently bought by Société Générale). Jamie has experience in sales, research, transaction structuring, IPOs and syndication. He is a Non-Executive director of Altius Minerals and Gold Standard Ventures. He was on the board of Extorre Gold Mines until its successful sale to Yamana in 2012. He is also a trustee of The Julian Baring Scholarship Fund.

Drilling Commences at Riverside’s Thor Copper Project in Sonora, Mexico

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http://www.marketwatch.com/story/drilling-commences-at-riversides-thor-copper-project-in-sonora-mexico-2016-10-27-141601938

VANCOUVER, BRITISH COLUMBIA, Oct 27, 2016 (Marketwired via COMTEX) — VANCOUVER, BRITISH COLUMBIA–(Marketwired – Oct 27, 2016) – Riverside Resources Inc. (“Riverside” or the “Company”) (RRI)(otc pink:RVSDF)(frankfurt:R99) is pleased to provide an exploration update for ongoing work at the Thor Project (the “Project”) in Sonora, Mexico. The Thor Project comprises two mineral concessions that together cover 11,275 hectares, which were previously staked as part of the Company’s past exploration alliance (the “Alliance”) with a wholly owned subsidiary of Antofagasta plc (“Antofagasta”). The Alliance was formed for the purpose of identifying and exploring copper porphyry targets in Northern Mexico.

The Thor Project is being advanced as a Designated Project (“DP”), with Antofagasta, who currently hold a 51% interest, having the opportunity to earn a 65% interest by funding $5,000,000 in exploration over four (4) years (see Riverside’s press release April 13, 2015).

Yamana Gold Announces Third Quarter 2016 Results

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https://www.juniorminingnetwork.com/junior-miner-news/press-releases/763-tsx/yri/26084-yamana-gold-announces-third-quarter-2016-results.html

TORONTO, ONTARIO–(Marketwired – Oct. 27, 2016) – YAMANA GOLD INC. (TSX:YRI)(NYSE:AUY) (“Yamana” or “the Company”) is herein reporting its financial and operational results for the third quarter 2016, including total gold production of 328,604 ounces, revenue of $464.3 million, net loss(1) of $2.1 million or $0.00 per share, and adjusted earnings(1,2) of $17.0 million or $0.02 per share.

OPERATIONAL HIGHLIGHTS

  • Total gold production of 328,604 ounces.
  • Total silver production of 1.69 million ounces.

New Gold Announces Q3 2016 Results and Provide Rainy River Update

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https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1255-tsx/ngd/26082-new-gold-announces-q3-2016-results-and-provide-rainy-river-update.html

TORONTO, Oct. 27, 2016 – New Gold Inc. (“New Gold”) (TSX: NGD) (NYSE MKT:NGD) today announces its 2016 third quarter results and provides an update on the construction of the company’s Rainy River project.

All dollar figures are in US dollars unless otherwise indicated)

2016 THIRD QUARTER HIGHLIGHTS

  • Gold production of 95,546 ounces and copper production of 25.5 million pounds
  • All-in sustaining costs(1) decreased to $682 per ounce, including total cash costs(2) of $350 per ounce
  • Cash generated from operations before changes in non-cash operating working capital(3)of $89 million, a 53% increase compared to 2015
  • Cash generated from operations of $90 million, a 76% increase from 2015
    • Highest quarterly cash flow since the fourth quarter of 2013
  • Adjusted net earnings(4) of $13 million, or $0.03 per share, relative to an adjusted net loss of $9 million, or $0.02 per share, in 2015
  • Net earnings of $5 million, or $0.01 per share, compared to a net loss of $158 million, or $0.31 per share, in 2015
  • Rainy River construction currently approximately 60% complete
  • September 30, 2016 cash and equivalents of $151 million

Hecla Third Quarter 2016 Financial Results Conference Call and Webcast

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http://ir.hecla-mining.com/file/Index?KeyFile=36419113

COEUR D’ALENE, Idaho–(BUSINESS WIRE)– Hecla Mining Company (NYSE:HL) today announced it expects to release its third quarter 2016 financial results before market open on Tuesday, November 8, 2016.

A conference call and webcast will be held Tuesday, November 8, at 10:00 a.m. Eastern Time to discuss these results. You may join the conference call by dialing toll-free 1-855-760-8158 or for international by dialing 1-720-634-2922. The participant passcode is HECLA.

Torex Gold Provides Notice Of Third Quarter 2016 Results

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https://www.torexgold.com/news/torex-gold-provides-notice-of-third-quarter-2016-results

TORONTO, Ontario, October 27, 2016 – Torex Gold Resources Inc. (the “Company” or “Torex”) (TSX:TXG) announced today that it will release its Third Quarter 2016 financial and operating results early morning on Thursday, November 3, 2016, followed by a conference call hosted by senior management.

Excellon Reports Third Quarter 2016 Production and Exploration Results

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http://www.excellonresources.com/index.php/investors/news/2016/185-excellon-reports-third-quarter-2016-production-and-exploration-results

Toronto, Ontario – October 27, 2016 – Excellon Resources Inc. (TSX:EXN; OTC:EXLLF) (“Excellon” or the “Company”), Mexico’s highest grade silver producer, is pleased report third quarter operational and production results and results from ongoing exploration at the Platosa Mine in Durango, Mexico.

Q3 2016 Highlights

  • Preparation made for 150%+ increase in drawdown rate during Q4, with all material development now completed and the first primary booster array and wells coming online, as the Company’s ongoing optimization program heads toward completion
  • High grade diamond drill results from ongoing surface and underground exploration include:
    • 662 g/t Ag, 4.9% Pb, 25.5% Zn and 0.57 g/t Au or 1,886 g/t Ag equivalent (“AgEq*”) over 13.00 metres in EX16UG274, an extension of the high-grade Manto 623;
    • 773 g/t Ag, 11.8% Pb and 6.3% Zn or 1,438 g/t AgEq over 2.77 metres in
      PH16-13, a the connector zone between the Guadalupe South and 623 mantos
  • AgEq production of 255,760 ounces (Q3 2015 – 419,583 AgEq oz)
    • Silver production of 153,783 ounces (Q3 2015 – 241,872 ounces)
    • Lead production of 891,424 lb (Q3 2015 – 1.3 million lb)
    • Zinc production of 1.2 million lb (Q3 2015 – 2.1 million lb)
  • Continued mining of high-grade mineralization outside of the resource block model near the Rodilla Manto

* AgEq in drill results assumes $17.50 Ag, $1,265 Au, $0.90 Pb and $1.01 Zn with 100% metallurgical recovery, while AgEq in production results reflects average metal prices during the period applied to the recovered metal content of concentrates.

GoGold Announces the Start of Construction of a Vat Leach Plant at the Santa Gertrudis Gold Project in Mexico

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http://www.stockhouse.com/news/press-releases/2016/10/27/gogold-announces-the-start-of-construction-of-a-vat-leach-plant-at-the-santa

HALIFAX, Oct. 27, 2016 /CNW Telbec/ – GoGold Resources Inc. (TSX: GGD) (“GoGold”) is pleased to announce that it has started the construction of the first phase of the vat leach plant at its Santa Gertrudis Gold Project located in Sonora State, Mexico as part of a feasibility study.  The civils contractor was mobilized in early October and the initial earthworks for the main plant area, where the vat tank structure will be placed, are being prepared.

GoGold has contracted for a turn-key supply and installation of the ore receiving structure, crushing circuit and reclaim crushed stockpile.  MDM Engineering Inc of South Africa is completing the process design, and Cronimet, also of South Africa, is providing specialist support on the vat design and eventual operator training and commissioning. The first phase of the vat leach plant is being designed to treat ore at a rate of approximately 2,000 tonnes per day and further expansion of the plant is planned once the first phase is completed and operating at its intended output.

 

Gold Resource Corporation Declares October Monthly Dividend

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Click to access GRC-2016-10-26-1.pdf

COLORADO SPRINGS, CO–(Marketwired – Oct 26, 2016) – Gold Resource Corporation (NYSE MKT: GORO) (the “Company”) declares its monthly instituted dividend of 1/6 of a cent per common share for October 2016 payable on November 23, 2016 to shareholders of record as of November 11, 2016. Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico and 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.