Month: January 2017

Golden Minerals Announces Resource Estimate for Rodeo Project

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Click to access Press-Release-Jan-26-2017-Rodeo%20Resource%20Estimate.pdf

Golden, Colorado ‐ /PRNewswire/– January 26, 2017 – Golden Minerals Company (NYSE MKT: AUMN; TSX: AUM) (“Golden Minerals”, “Golden” or “the Company”) is pleased to announce the results of a Canadian National Instrument 43‐101 (“NI 43‐101”) compliant mineral resource estimate for the gold deposit at its Rodeo property.   Rodeo is a 1,900‐hectare gold project located in Durango State, Mexico approximately 80 kilometers west of the Company’s Velardeña properties and processing mills. Golden acquired the Rodeo property subject to a royalty interest due to La Cuesta International in the second quarter 2015, prior to which exploration by other companies identified a gold‐bearing system exposed at surface. Golden conducted a 2,080‐meter core drilling program in 2016.

Rare Earth CEO steps down as Bacanora Minerals non-exec

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http://www.proactiveinvestors.co.uk/companies/news/172214/rare-earth-ceo-steps-down-as-bacanora-minerals-non-exec-172214.html

Bacanora Minerals Ltd’s (LON:BCN; CVE:BCN) non-executive director, Kiran Morzaria, has stepped down from his position with immediate effect to pursue other business interests.

Morzaria is chief executive at fellow lithium explorer Rare Earth Minerals plc (LON:REM) which holds a 19.8% stake in Bacanora and which had a merger proposal rejected last September.

The company told investors it is looking at candidates with the relevant experience who would complement its board.

Bacanora is currently undertaking a feasibility study at its Sonora lithium carbonate project in Mexico.

Mammoth Resources Reports Results from its Pima-XRD Surface Program at its Tenoriba Precious Metal Project, Chihuahua, Mexico

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http://www.mammothresources.ca/s/NewsReleases.asp?ReportID=776749&_Type=News-Releases&_Title=MAMMOTH-RESOURCES-REPORTS-RESULTS-FROM-ITS-PIMA-XRD-SURFACE-PROGRAM-AT-ITS-…

Toronto, Canada (January 26, 2017) – Mammoth Resources Corp. (TSX-V: MTH), (the “Company”) is pleased to announce that it has received and interpreted results from its PIMA – X-ray Diffraction (XRD) sampling program and analysis completed in late 2016 at its Tenoriba, High Sulphidation gold-silver property located in the prolific Sierra Madre area of southwestern Chihuahua State, Mexico. Through this PIMA-XRD program the Company believes it has enhanced its understanding and targeting of some of the most attractive areas of gold mineralized along a trend initially identified to occur over a large 15 square kilometre area on the property

Marlin Gold Repays US$5.5 Million in Debt and Purchases Additional Shares in Golden Reign

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http://www.stockhouse.com/news/press-releases/2017/01/25/marlin-gold-repays-us-5-5-million-in-debt-and-purchases-additional-shares-in

VANCOUVER, Jan. 25, 2017 /CNW/ – Marlin Gold Mining Ltd. (TSX-V: MLN) (“Marlin” or the “Company”) is pleased to announce that due to record free cash flow generated from its wholly owned La Trinidad mine in Sinaloa, Mexico (“La Trinidad”), the Company has repaid US$5.5 million of principal one year early from its unsecured facility (the “Facility”) to affiliates of Wexford Capital LP, Marlin’s controlling shareholder.

Alamos Gold Announces US$250 Million Bought Deal Financing

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http://www.stockhouse.com/news/press-releases/2017/01/25/alamos-gold-announces-us-250-million-bought-deal-financing

Alamos Gold Inc. (TSX:AGI)(NYSE:AGI) (“Alamos” or the “Company”) today announced that it has entered into an agreement with a syndicate of underwriters led by TD Securities Inc., BMO Capital Markets and Macquarie Capital Markets Canada Ltd., pursuant to which they have agreed to purchase, on a bought deal basis, 31,450,000 common shares of the Company at a price of US$7.95 per common share (the “Offering Price”), for aggregate gross proceeds to the Company of approximately US$250 million (the “Offering”). The underwriters will also have the option, exercisable in whole or in part, at any time up to 30 days following the closing of the Offering, to purchase up to an additional 4,717,500 common shares at the Offering Price to cover over-allotments, if any. In the event that the option is exercised in its entirety, the aggregate gross proceeds of the Offering to the Company will be approximately US$288 million.

Bacanora Announces Board Change

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http://www.stockhouse.com/news/press-releases/2017/01/25/bacanora-announces-board-change

CALGARY, ALBERTA–(Marketwired – Jan. 25, 2017) – BACANORA MINERALS LTD. (“Bacanora” or the “Company”) (TSX VENTURE:BCN)(AIM:BCN), the Canadian and London listed company focused on developing the Sonora Lithium Project (“Sonora” or the “Project”) in Mexico into a world class lithium carbonate operation, announces that Mr. Kiran Morzaria, a Non-executive Director of the Company, has stepped down with immediate effect to focus on his other business interests.

The Board of Directors of Bacanora would like to thank Kiran for the valuable personal contribution he has made in assisting with the development of Sonora, which is currently the subject of a Feasibility Study for a 35,000 tpa lithium carbonate operation. The Company is evaluating candidates with the relevant experience to complement its Board, as it focuses on advancing Sonora towards the construction and production phases.

 

Minera Fresnillo Prevé Aumento en Producción de Plata en 2017

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http://mundoejecutivo.com.mx/econom-negocios/2017/01/25/minera-fresnillo-prev-aumento-producci-n-plata-2017

La minera Fresnillo PLC prevé un aumento de su producción de plata en 2017, luego de reportar un incremento récord de extracción el año pasado.

La compañía estableció un objetivo de producción de plata este año en el rango de 58 millones y 61 millones de onzas.La firma, que extrae oro y plata de 6 minas en México, reportó un incremento de 7.1% de su producción del 2016 a 50.3 millones de onzas, en línea con sus previsiones.

Endeavour Silver Provides Production and Cost Guidance for 2017

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http://www.stockhouse.com/news/press-releases/2017/01/25/endeavour-silver-provides-production-and-cost-guidance-for-2017

VANCOUVER, BC–(Marketwired – January 25, 2017) – Endeavour Silver Corp. (TSX: EDR) (NYSE: EXK) provides 2017 production and cost guidance for its three producing mines in Mexico: the Guanaceví mine in Durango state and the Bolañitos and El Cubo mines in Guanajuato state.

In 2017, the Company’s plan is to produce at slightly lower throughput and higher silver grades compared to 2016, resulting in similar silver production and slightly lower gold production forecasts. Endeavour plans to continue investing significantly in exploration and development programs to extend the existing mine lives and build new mines to fuel future growth.

 

Gold Resource Corporation Declares January Monthly Dividend

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Click to access article_01252017080133.pdf

COLORADO SPRINGS – January 25, 2017 – Gold Resource Corporation (NYSE MKT: GORO) (the “Company”) declares its monthly instituted dividend of 1/6 of a cent per common share for January 2017 payable on February 23, 2017 to shareholders of record as of February 13, 2017. Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico and Nevada, USA. The Company has returned $109 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.

Metallurgical Testing Commences on Lithium Enriched Clays and Trenching Results from Agua Fria at Electra Project, Sonora, Mexico and Announces Flow Through Financing

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http://www.alixresources.com/index.php?page=news&id=1221

January 24, 2017, Vancouver, BC, Canada – ALIX RESOURCES CORP. (“Alix” or the “Company”) (AIX-TSX:V) (37N–FRANKFURT) announces the commencement of Agua Fria (Mexico) metallurgical testing and trench results.

Highlights

  • Trench samples demonstrate high lithium grades (up to 1340 ppm)
  • Preparations underway for the February 2017 drilling campaign
  • Li-mineralized clays extended to over 5 km on strike
  • Metallurgical testing commenced

Metallurgical evaluation

Alix and joint venture partner Lithium Australia NL (ASX: LIT) have dispatched the first samples from Agua Fria (part of the Electra Project, Sonora Mexico, Figure 1) for metallurgical testing at the Kappes Cassiday & Associates facilities (Reno, NV).

Twenty four samples obtained through shallow trenching of the mineralized zone at Agua Fria will be examined to determine:

  • Mineralogy
  • Lithium distribution
  • Lithium grade
  • Scope for beneficiation
  • By-product potential
  • Grade of by-products

Metallurgical testing will proceed in parallel with a drilling campaign planned for February 2017, with the aim of determining the best beneficiation method for the mineralized material and also obtaining the preferred commercial process of recovering specific metals. LIT and Alix consider efficient beneficiation to be of paramount importance in developing a commercial outcome for these deposits. LIT’s experience in hydrometallurgical process development will be of great benefit in evaluating and testing the beneficiation process to lithium extraction and finally production of lithium carbonate and hydroxide.