SilverCrest Announces High Metallurgical Test Recoveries For Las Chispas

VANCOUVER, BC – October 30, 2017 – SilverCrest Metals Inc. (“SilverCrest Metals” or the “Company”) is pleased to announce initial metallurgical test results for the Las Chispas Property (the “Property”) located in Sonora, Mexico. Results show that the Las Chispas high-grade silver-gold mineralization appears to be amenable to standard cyanidation processing with average recoveries of 98.9% gold and 86.6% silver. Since the Las Chispas deposit geochemistry is similar to the nearby operating Santa Elena Mine (“Santa Elena”), the metallurgical test program was designed using processing criteria similar to that operation which uses a CCD-Merrill Crowe processing facility. Based on these initial high recovery percentages at Las Chispas, further metallurgical test work is planned for 2018.

Plomosas Scoping Study Completed with Positive Results

Click to access 271017-Positive-results-obtained-by-Scoping-Study_FINAL.pdf

Consolidated Zinc Limited (ASX:CZL; “Consolidated Zinc” or “the company”) is pleased to announce that the Scoping Study into recommencing mining at its Plomosas mine in Mexico was completed with positive results at a base-case level as well as several potential areas where returns might be improved.
The study focussed on mining the Tres Amigos resource on Level 5 using existing infrastucture. An increase in the Tres Amigos portion of the resource was recently
announced to the ASX on 4 September, 2017 and comprised a total resource of 544,000 tonnes grading 11.2% zinc, 2.1% lead and 13.9 g/t silver (see Table 1 for
full details). Of this, 10% falls into the indicated category.

Capstone Mining Third Quarter 2017 Financial Results

Vancouver, British Columbia – Capstone Mining Corp. (“Capstone”) (TSX: CS) today announced its financial results for the three and nine months ended September 30, 2017. Cash flow from operating activities before changes in working capital for the quarter was $41.4 million or $0.11 per share. Net income for the quarter was$20.2 million or $0.05 per share with an adjusted net loss of $11.4 million or $0.03 per share after adjusting for certain non-cash and non-recurring charges. Copper production for the quarter totalled 22,026 tonnes (21,261 tonnes of payable copper) at a C1 cash cost1 of $2.00 per payable pound produced with copper sales for the quarter of 22,988 tonnes at a C1 cash cost1 of $2.02 per payable pound sold.

Oceanus Files Technical Report on the El Tigre Project

HALIFAX, NOVA SCOTIA – October 26, 2017 – Oceanus Resources Corporation (TSXV:OCN and OTCQB:OCNSF) (“Oceanus” or the “Company”) announces the filing of a Technical Report pursuant to National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) in respect to the Company’s El Tigre Project located in Sonora, Mexico (“Technical Report”). The Technical Report supports the scientific and technical disclosure in the Company’s news release dated September 13, 2017, announcing the results of a Mineral Resource Estimate on the El Tigre Project. The Technical Report is available at under the Company’s profile.

Goldcorp Reports Third Quarter 2017 Results

VANCOUVER, Oct. 25, 2017 /CNW/ – GOLDCORP INC. (TSX: G, NYSE: GG) (“Goldcorp” or the “Company”) today reported its third quarter 2017 results.

Third Quarter Highlights

  • Net earnings were $111 million, or $0.13 per share, compared to net earnings of $59 million, or $0.07 per share, for the third quarter of 2016. Operating cash flows for the third quarter of 2017 were $315 million compared to $267 million for the same period in the prior year. Adjusted operating cash flows were $308 million(1) for the third quarter of 2017 compared to $401 million for the same period in the prior year.
  • Gold production of 633,000 ounces at all-in sustaining costs (“AISC”) of $827 per ounce, compared to 715,000 ounces at AISC of $812 per ounce for the third quarter of 2016(1). 2017 guidance reconfirmed for gold production of 2.5 million ounces (+/- 5%) and AISC of $825(2) per ounce (+/- 5%), previously improved from $850 per ounce, reflecting the progress the Company has made on its efficiency program.
  • Program to implement $250 million of sustainable annual efficiencies by the middle of 2018 is on track with $200 million expected to be achieved in 2017 across our portfolio. More than 100% of the $250 million in efficiencies have been identified, with the program likely to be extended and the efficiency target increased, after the Company achieves its current target.
  • Solid reserve growth and project execution enhances confidence in the Company’s 20/20/20 growth plan. An increase in proven and probable gold reserves to 53.5 million ounces, strong project delivery of expansions at Peñasquito, Musselwhite and Porcupine (Borden) underpin our plan for a 20% increase in gold production, a 20% increase in gold reserves and a 20% reduction in AISC by 2021, while delivering increasing cash flows over the next five years.


“We have delivered another quarter of on target gold production at low costs, led by strong operating performance at Peñasquito and Cerro Negro. The success of our efficiency program is evident in continued low operating costs and an expanded margin per ounce of gold produced,” said David Garofalo, President & Chief Executive Officer. “With the optimization of our portfolio now complete, we have a full and robust pipeline of development projects poised to deliver value growth in the short, medium and long-term.”


Click to access GRC-2017-10-26-1.pdf

COLORADO SPRINGS – October 26, 2017 – Gold Resource Corporation (NYSE American: GORO) (the “Company”) declares its monthly instituted dividend of 1/6 of a cent per common share for October 2017 payable on November 24, 2017 to shareholders of record as of November 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 $110 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.

SilverCrest Identifies Bonanza Grade Area at Las Chispas; 4.5 Metres grading 2,516 gpt AgEq*

VANCOUVER, BC – October 26, 2017 – SilverCrest Metals Inc. (“SilverCrest” or the “Company”) is pleased to release additional underground channel sample results from its ongoing Phase II Exploration Program for the Las Chispas Property (the “Property”) located in Sonora, Mexico. In addition to the current drill program, the Company continues to systematically sample rehabilitated underground historic workings of the Las Chispas Vein (see attached Figures) to define readily accessible high grade areas. The Company is currently exploring nine of the 19 known epithermal veins on the Property with efforts focused on delivering a maiden resource estimate in Q1 2018.

Alio Gold Awards Underground Decline Contract

October 26, 2017, Vancouver, BC – Alio Gold Inc (TSX, NYSE MKT: ALO) (“Alio Gold” or the “Company”), today announced that it has awarded GDI STRACON GyM S.A. de CV (“GDI STRACON”) the contract for developing the underground decline at the high grade, high margin Ana Paula project in Guerrero, Mexico. In addition, the Company has engaged JDS Energy and Mining (“JDS”) to manage the contract and underground mining operation.

“GDI STRACON is a highly respected mining contractor and we are pleased to be working with them on the Ana Paula project,” said Greg McCunn, Chief Executive Officer. “The underground decline at Ana Paula is expected to be completed in mid-2018 after which we will be able to commence an exploration program that has the potential to significantly enhance the value of the Project.”

Coeur Reports Third Quarter 2017 Results

Chicago, Illinois – October 25, 2017 – Coeur Mining, Inc. (“Coeur” or the “Company”) (NYSE: CDE) today reported companywide all-in sustaining costs (AISC) per average spot silver equivalent1 ounce (AgEqOz) of $15.18 for third quarter 2017, 4% lower quarter-over-quarter and driven by a 7% increase in silver equivalent1
production. These improvements over the prior quarter were primarily due to 25% higher silver equivalent1 production and a 14% decline in adjusted costs applicable to sales per average spot AgEqOz1 from Palmarejo and 21% higher gold production from Wharf. Third quarter revenue of $176.0 million was up 1% quarter-over-quarter, cash flow from operating activities was unchanged at $29.4 million, while adjusted EBITDA1 increased 18% to $39.5 million. Third quarter net loss of $16.7 million, or $0.09 per share, was impacted by higher income and mining tax expense mostly due
to non-cash increases in deferred tax estimates, increased exploration expense driven by ongoing success from drilling programs at the Palmarejo and Kensington mines, and higher costs at the San Bartolomé mine due to continued drought conditions and reduced third-party ore purchases during the quarter.

Mammoth Resources Announces Drill Targets for Upcoming Diamond Drill Program at Its Tenoriba Gold Project, Chihuahua, Mexico

Toronto, Ontario–(Newsfile Corp. – October 25, 2017) – Mammoth Resources Corp. (TSXV: MTH) (the Company), is pleased to announce a diamond drill program from 8 to 24 high priority targets planned to commence in November 2017 on its Tenoriba gold-silver property in Chihuahua State, Mexico (the project was drilled by a predecessor company in 2008 which reported gold intersections in 10 of 15 holes drilled).

Mammoth has targeted its drill holes based on what it believes is a compelling combination of: (1) surface geology, (2) trace element geochemistry, (3) gold bearing samples from chip and cut channels over a large 15 square kilometre area of gold mineralization, (4) PIMA sampling results indicating proximity to high temperature geothermal activity coincident with surface gold values, and (5) a ground Induced Polarization (IP) and Magnetometer (Mag) geophysics survey which illustrates attractive geophysical features at depth coincident with surface gold mineralization, artisanal workings and in some cases intersected at depth by a predecessor company’s drilling (the highest grade intersection assaying 45.9 grams/tonne gold over 1.9 metres in drill hole 7 and the lengthiest gold intersection assaying 34.4 metres grading 1.03 grams/tonne gold in drill hole 11 and 66 metres grading 0.5 grams/tonne gold in drill hole 14) (for additional information on these results please feel free to reference the technical reports available on the Company’s website at the following link: Mammoth intends to post a technical report on its drill target selection at the same “Technical Reports” location on the website in the coming days. A number of these drill hole locations are discussed and illustrated in the following commentary.