Vangold Mining Corp. Announces Formation of Advisory Board, New Corporate Secretary and Grant of Incentive Stock Options

https://www.fscwire.com/newsrelease/vangold-mining-corp-announces-formation-advisory-board-new-corporate-secretary-and-grant

Vancouver, British Colimbia (FSCwire) – Vangold Mining Corp. (TSXV: VAN) (OTCQB: VGLDF) (“VANGOLD” or the “Company”) is pleased to announce it has formed an Advisory Board to build a highly qualified support team to assist the Company in advancing the El Pinguico mining project located in Guanajuato, Mx.

Vangold is proud to accept Dr. David A. Terry, Ph.D., P.Geo. as cornerstone member to the Company’s Advisory Board.  Building an experienced team of advisors brings improved strategy recommendations, broadens industry relationships and builds strong industry leadership.

Dr. Terry has had a long and successful career in the mining industry focused on the exploration and development of a wide range of mineral projects.  Dr. Terry is a professional economic geologist, senior executive and corporate director with more than 25 years of international experience in the mineral resources sector. During his career, Dr. Terry has held executive positions and directorships with several publicly-listed and private mineral resource companies. He has also worked with senior mining companies including Boliden Limited, Westmin Resources Limited, Hemlo Gold Mines Inc., Cominco Limited and Gold Fields Mining Corporation. Dr. Terry holds a B.Sc. and Ph.D. in geology from Western University in Ontario and is a member of the Association of Professional Engineers and Geoscientists of British Columbia.

Vangold Mining CEO Mr. Cameron King, said “We are very proud to have Dr. Terry join our advisory board.  We take his involvement as a vote of confidence in the quality of our El Pinguico gold-silver project.  David`s expert advice will be invaluable as we design and execute drilling programs and advance on evaluating our existing mineralized stockpiles.  Drawing on close relationships and their wealth of experience will be vital to Vangold’s advancement of its current assets and longer-term growth.”

Santacruz Silver Completes Gavilanes Property Sale to Marlin Gold

http://www.santacruzsilver.com/s/news_releases.asp?ReportID=800334

August 17, 2017 – Vancouver, B.C. – Santacruz Silver Mining Ltd. (TSX.V:SCZ) (“Santacruz”) and Marlin Gold Mining Ltd. (TSX.V:MLN) (“Marlin”) announce that, further to the companies’ joint press release dated August 8, 2017, the sale of Santacruz’s Gavilanes Property in Durango State, Mexico to Marlin (the “Gavilanes Transaction”) for total consideration of US$3.50 million plus applicable VAT (the “Purchase Price”) has been completed.

US$0.58 million from the Purchase Price was credited against the deposit advanced by Marlin to Santacruz on August 10, 2017 in connection with the payment of the outstanding balance owing to a property vendor on certain of the claims included in the Gavilanes Project (see Santacruz’s press release dated August 10, 2017).

In addition, US$1.15 million from the Purchase Price was applied toward settling all remaining outstanding debt owing to JMET, LLC (“JMET”) and JMET has released and discharged all of its security and registrations over Santacruz’s assets and the 3,750,000 “cashless” warrants of Santacruz previously issued to JMET have been cancelled.

GALORE ANNOUNCES RESULTS FROM SAMPLING PROGRAM

http://nebula.wsimg.com/662d1cc372b004eb8a7d3307784fd8ac?AccessKeyId=6914DDBB54F7A773FF8A&disposition=0&alloworigin=1

Vancouver, BC: Galore Resources Inc. (GRI-TSX.V) (“Galore” or the “Company”) is pleased to announce gold results from samples taken in July, 2017 by consulting geologist, Tony Adkins, P. Geo. Galore employed the services of Mr. Adkins to evaluate the El Alamo project and to determine if the property warranted further work. His review of the existing Galore data coupled with a field examination, showed that additional work, particularly a drill program of adequate size, is definitely merited. Mr.
Adkins brings over thirty-five years of comprehensive exploration, project  management and mine experience as a geologist and engineer. He has experience with the geological features present at El Alamo.
Mr. Adkins collected seven rock chip samples over the El Alamo project area in an attempt to independently verify the presence of anomalous gold values. Assay results ranged from 0.822 ppm to 18.6067 ppm and confirmed the widespread occurrence of anomalous gold values.

Minera Alamos Announces Initiation of Resource Expansion Program for La Fortuna Gold Project in Durango, Mexico

https://www.mineraalamos.com/news/?id=522

Minera Alamos Inc. (TSX VENTURE:MAI) (the “Company” or “Minera Alamos“) is pleased to announce that it has hired Robelsis Altamirano, P.Eng. , to manage advanced exploration activities aimed at expanding the resource base at the Company’s flagship La Fortuna gold project (“La Fortuna”) in Durango, Mexico.  Mr. Altamirano worked previously with the Company’s Mexican technical team and was the exploration manager for Argonaut Gold’s (previously Castle Gold) south extension of the El Castillo gold mine.  He has extensive experience (+30 years) managing exploration programs in Mexico with both the Mexican Geological Service (“SGM” – Servicio Geologico Mexicano) and numerous independent mining groups.  This included being involved from start-to-finish in the discovery and delineation of Torex Gold Resources’ Media Luna gold project (current inferred resources of 7.4 million gold equivalent ounces at a grade of 4.48 g/t) in the Guerrero Gold Belt, Mexico.

Fortuna announces new appointment to the Board of Directors

https://www.fortunasilver.com/investors/news/2017/fortuna-announces-new-appointment-to-the-board-of-directors/

Vancouver, August 17, 2017 – Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) Jorge A. Ganoza, President, CEO and Director of Fortuna, announces today the appointment of Kylie Dickson to the Board of Directors of the Company.

Kylie Dickson is an executive with over 14 years of experience in the mining industry. She has worked with companies at various stages of the mining lifecycle including exploration, mine development and operations, as well as playing a key role in multiple financings and M&A transactions. Kylie is currently the Vice President, Business Development of Trek Mining Inc. She was the Chief Financial Officer of JDL Gold Corp when JDL acquired Luna Gold Corp. to create Trek Mining in March 2017. Previously, Kylie was a founding shareholder and Chief Financial Officer of Anthem United Inc. and was the Chief Financial Officer of Esperanza Resources which was acquired by Alamos Gold in 2013. She also served as the Corporate Controller of Minefinders Corporation from 2007 to 2012 prior to its acquisition by Pan American Silver. Kylie began her career with KPMG LLP’s mining practice and is a Canadian CPA, CA with a BBA in Accounting from Simon Fraser University.

Aura Minerals Announces Q2 2017 Financial and Operating Results

http://www.auraminerals.com/Investors/News-Events/News-Releases/News-Release-Details/2017/-Aura-Minerals-Announces-Q2-2017-Financial-and-Operating-Results/default.aspx

TORTOLA, British Virgin IslandsAug. 15, 2017 (GLOBE NEWSWIRE) — Aura Minerals Inc. (“Aura Minerals” or the “Company”) (TSX:ORA) announces financial and operating results for the second quarter of 2017.

Highlights:  

  For the three
months ended
June 30, 2017
For the three
months ended
June 30, 2016
For the six
months ended
June 30, 2017
For the six
months ended

June 30, 2016
FINANCIAL DATA    
IFRS Measures
Revenue $    44,247 $   36,415 $    79,149 $   71,865
Cost of goods sold   35,200   28,338   64,789   56,260
Depreciation (included in cost of goods sold)   2,798   1,531   5,572   3,647
Gross Margin   9,048   8,077   14,360   15,605
Gross Margin (excluding depreciation)   11,846   9,608   19,932   19,252
Net (loss) Income   4,242   (2,048 )   (781 )   (2,066 )
Income (loss) per share – Basic and diluted   0.13   (0.07 )   (0.02 )   (0.07 )
EBITDA   7,662   5,294 $    11,746 $   11,848
Non-IFRS Measures
Realized average gold price per ounce sold, gross1 $    1,162 $   1,213 $    1,161 $   1,166
Realized average gold price per ounce sold, net of local sales taxes, hedging and gold loan repayments1 $    1,142 $   1,156 $    1,150 $   1,138
Cash operating costs per ounce produced1 $    794 $   917 $   806 $   876
Cash operating costs per ounce sold1 $    881 $   893 $    886 $   854
Total capital expenditures $    1,269 $   937 $    3,503 $   1,203
OPERATING DATA
Ore processed (tonnes)   2,082,313   1,954,937   4,154,691   4,772,477
Gold produced (ounces)   37,476   26,100   66,976   60,158
Gold sold (ounces)   36,757   30,010   66,839   61,632

Starcore Announces 1st Quarter Production Results

https://www.starcore.com/news/news-releases/starcore-announces-1st-quarter-production-results

Vancouver, B.C. – Starcore International Mines Ltd. (the “Company”) announces production results for the first quarter of fiscal 2018, ended July 31, 2017, at its San Martin Mine (“San Martin”) in Queretaro, Mexico and the Altiplano Gold Silver Processing Facility (“Altiplano”) in Matehuala, Mexico.

During Q1 at San Martin, a total of 69,753 tonnes was milled at an average grade of 1.97 g/t gold and

12.6 g/t silver resulting in the production of 3,888 gold equivalent ounces. Mill recoveries averaged 85.0% for gold and 51.2% for silver. Equivalent gold ounce calculation is based on the average gold:silver ratio of 74.9:1 during the quarter.

During Q1 the Altiplano Facility received approximately 37.21 tonnes of concentrate and 24.2 tonnes of slag containing approximately 150 ounces of gold and 25,525 ounces of silver. During the quarter ended July 31, 2017, Altiplano sold 223 ounces of gold and 21,000 ounces of silver.

Primero to Delist From the NYSE; Shares Continue to Trade on the Toronto Stock Exchange

http://www.primeromining.com/English/investors/news/press-release-details/2017/Primero-to-Delist-From-the-NYSE-Shares-Continue-to-Trade-on-the-Toronto-Stock-Exchange/default.aspx

TORONTO, ON — (Marketwired) — 08/14/17 — Primero Mining Corp. (“Primero” or the “Company”) (TSX: P)(NYSE: PPP) today announces that it has received formal notification from the New York Stock Exchange (“NYSE”) of its intention to initiate delisting procedures of the Company’s common shares.

The NYSE has determined that the Company is no longer suitable for listing based on “abnormally low” price levels, pursuant to Section 802.01D of the Listed Company Manual. Primero will not seek an appeal to the NYSE’s decision. The NYSE will file Form 25 (Notification of Removal from Listing and/or Registration Under Section 12(b) of the Securities Exchange Act of 1934) with the U.S. Securities and Exchange Commission (“SEC”).

The Company’s common shares trade on the Toronto Stock Exchange (“TSX”) under symbol “P”.

Fortuna reports consolidated financial results for the second quarter 2017

https://www.fortunasilver.com/investors/news/2017/fortuna-reports-consolidated-financial-results-for-the-second-quarter-2017/

Vancouver, August 14, 2017– Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) today reported net income of $8.9 million, Adjusted EBITDA of $26.4 million, and revenue of $63.9 million in the second quarter of 2017.

Jorge A. Ganoza, President and CEO, commented, “Our San Jose and Caylloma mines have delivered strong production and financial results. Higher operating costs at both operations are expected to recede in the second half of the year and remain within 5% of our annual cost guidance.” Mr. Ganoza continued, “At our Lindero gold project in Argentina, feasibility study optimization work continues to advance as planned in order to support a construction decision next month.”

Second quarter consolidated financial highlights:

  • Sales of $63.9 million, compared to $44.5 million in Q2 2016
  • Net income of $8.9 million, compared to net loss of $1.4 million in Q2 2016
  • Earnings per share of $0.06, compared to a net loss per share of $0.01 in Q2 2016
  • Adjusted EBITDA of $26.4 million and Adjusted EBITDA margin over sales of 41%
  • Cash flow from operations before changes in non-cash working capital of $16.7 million, compared to $7.4 million in Q2 2016
  • Cash position, including short term investments, and working capital as at June 30, 2016 was $188.0 million and $186.8 million, respectively
  • Silver and gold production of 2,116,863 and 14,547 ounces, respectively
  • AISCC* per ounce of payable silver was $8.22

* All-in sustaining cash cost is net of by-product credits for gold, lead and zinc (Non-GAAP Financial Measure)

Endeavour Silver Drilling Continues to Intersect High Grade Mineralization in the La Luz Vein on the Terronera Property in Jalisco, Mexico

http://www.edrsilver.com/news/index.php?content_id=602

Vancouver, Canada – August 15, 2017 – Endeavour Silver Corp. (NYSE: EXK, TSX: EDR) announces that exploration drilling on the Terronera property in Jalisco State, Mexico continues to intersect high-grade, gold-silver mineralization at shallow depths within the La Luz vein.

Recent holes were drilled to test the boundaries of the current resource area (dated December 31, 2016) and successfully expanded the mineralization over a 600 metre (m) length by 250 m depth (view long section here).

Drilling highlights include two vein splays in Hole LL23 which assayed as follows:

  • La Luz vein – 45 grams per tonne (gpt) silver and 16.2 gpt gold (1,180 gpt AgEq) over 1.7 m true width (34.4 opT AgEq over 5.6 feet (ft)), with an internal interval assaying 171 gpt silver and 45.2 gpt gold (3,335 gpt AgEq) over 0.2 m true width (97.2 opT AgEq over 0.7 ft); and
  • La Luz HW vein – 25 gpt silver and 20.9 gpt gold (1,485 gpt AgEq) over 1.3 m true width (43.3 opT AgEq over 4.3 ft), with an internal interval assaying 44 gpt silver and 31.6 gpt gold (2,256 gpt AgEq) over 0.3 m true width (65.8 opT AgEq over 1.0 ft);