Fortuna reports production of 2.2 million ounces of silver and 12,542 ounces of gold for the third quarter of 2018

Fortuna reports production_11102018_nr

Vancouver, October 11, 2018–Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) is pleased to reportproduction results for the third quarter of 2018 from its two operating mines in Latin America, the San Jose Mine in Mexico and the Caylloma Mine in Peru.  The Company produced 2.2 million ounces of silver and 12,542 ounces of gold, plus base metal by-products.  Silver and gold production for the first nine months totaled 7.0 million ounces and 42,140 ounces respectively; being 13 percent and 16 percent above the Company´s nine month projection.  Fortuna is on schedule to produce 8.3 million ounces of silver and 48.3 thousand ounces of gold or 11.4 million Ag Eq1 ounces in 2018 in accordance with our production guidance (see Fortuna news release dated January 17, 2018).

Highlights on the Fifth Week of August, 2018. Mining and Exploration News in Mexico

rhythmically banded quartz vein

By Miguel A Heredia

During the 35th week of the year (August 27th to September 2nd, 2018), at least 18 press releases were announced by companies working in Mexico, with seven informing on exploration results, five announcing financing issues, four communicating deals and corporate issues, one reporting production results, and one reporting on resources and developments.  ON MEXICO ISSUES, no relevant news.  ON EXPLORATION, In Sonora, Azure reported that project operator Teck Resources commenced its second drilling campaign on the El Alacrán project; Minaurum acquired two additional mineral concessions at its Alamos Silver project and discovered three new veins; Ridgestone commenced a 1,400m drilling program at its Rebeico project; and Riverside provided an exploration update of its Mexican projects portfolio.  In Chihuahua, Harvest approved the budget to drill its Cerro Cascaron project, and Radius mobilized a drill team to explore its Amalia project. In Sinaloa, Goldplay reported historical core sampling results from its San Marcial project.  ON MINING, Santacruz reported Q2 2018 results from their Veta Grande project in Zacatecas and the El Rosario project in San Luis Potosi. ON FINANCING, Evrim closed a private placement for $7,272,601.50. Prize closed the first tranche of a private placement for $1,530.000. Vangold announced a non-brokered private placement for up to $500,000. Sable launched an early warrant exercise incentive program to exercise warrants exercisable for common shares. ON RESOURCES AND DEVELOPMENT, Endeavour updated mineral reserves and resource estimates and a PFS on its Terronera project in Jalisco. ON DEALS AND CORPORATE ISSUES, Silver Viper terminated its option agreement on the Clemente project in Sonora with Riverside. Ethos Gold entered into an option agreement to acquire a contiguous claim to its la Purisima project in Chihuahua. Santacruz amended the Contracuña option and a short-term loan agreement. Endeavour announced an initiative to reduce capital and operating costs.


  • No relevant news.


  • Azure Minerals Limited, announced that Teck Resources commenced its second drilling campaign on the El Alacrán project in Sonora. Two diamond drill rigs have been mobilized to carry out a 5,000m program with the objective to test high priority drill targets including Cerro Alacrán (porphyry Cu target) and Cerro Simon (epithermal Au-Ag target).
  • Minaurum Gold Inc., acquired the 10,159 Ha La Quintera claim and the 400 Ha Yoreme claim to expand its land package to 16,134 Ha at its Alamos Silver project in Sonora. Three new veins have been discovered on the Yoreme concession measuring between 900m to 1,800m long. Vein sampling returned from anomalous up to 250 g/t Ag, 1.29% Cu, 4.74% Pb, and 1.99% Zn. “With the newly found Yoreme veins, we have outlined a vein swarm of 12 prominent and separate veins within an overall corridor measuring 10 km long and 2.7 km wide at Alamos.” stated Darrell Rader, President and CEO of Minaurum. “The new claims not only triple the size of our holdings but also ensure that we control the strike of all known veins, greatly expanding the impressive untested exploration potential at Alamos.”
  • Ridgestone Mining Inc., commenced a 1,400m diamond drill program at its Rebeico Au-Cu project in Sonora. The drilling program has the aim to test for Au-Cu mineralization below historical workings along the Alaska vein which has a strike length of over 1km and is open at depth.
  • Riverside Resources Inc., provided an exploration update of its projects portfolio. At its Cecilia project in Sonora, the company is conducting a soil survey sampling covering the larger surrounding concession acquired through the Mexican lottery system last year. Riverside also announced that Silver Viper Minerals Corp terminated its option on the Clemente project in Sonora and is currently compiling all the new information. It is also refining targets on its three copper assets in Sonora: Thor, Ariel and El Teco.
  • Harvest Gold Corporation, approved the drill program budget submitted by Evrim Resources Corp., for the diamond drill program at its Cerro Cascaron project in Chihuahua. The drill program will consists of 3,000m in 15 holes to cover seven target areas and is expected to initiate in late September.
  • Radius Gold Inc., mobilized a drill team to explore its Amalia project in Chihuahua. The 2,000m drill program will be conducted by Pan American Silver and is expected to commence in September on multiple drill targets, including Campamento target, a 500m by 70m zone of intense silicification and brecciation with massive and stockwork veining; Guadalupe target, a high-grade andesite hosted structurally controlled breccia zone, and Dulces target, a poorly exposed vein within an extensive area of argillic altered andesite volcanics and related Au in soil anomaly.
  • Goldplay Exploration Ltd., reported sampling results of the historical core from its San Marcial project in Sinaloa and confirms open pit target near surface with 46m of 129 g/t Ag Eq, including 7.5m of 379 g/t Ag Eq, and 1.5m of 1,079 g/t Ag Eq.


  • Santacruz Silver Mining Ltd., reported Q2 2018 results from its Veta Grande project in Zacatecas and the El Rosario project in San Luis Potosi. 52,025 tones were processed during Q2 2018 to produce 52K Oz Ag at a production cost of $66.12 per tonne.


  • Evrim Resources Corp., closed a private placement with Newmont Canada Corporation for $7,272,601.50. Proceeds from the private placement will provide funding for the Cuale high sulphidation epithermal gold project in Jalisco, Mexico and for general corporate purposes.
  • Prize Mining Corporation, closed the first tranche of a brokered private placement for $1,530,000. Net proceeds will be used on its Manto Negro project in Coahuila.
  • Vangold Mining Corp., announced a non-brokered private placement financing for up to $500,000. Net proceeds will be used to advance its Pinguino mine project in Guanajuato.
  • Sable Resources Ltd., launched an early warrant exercise incentive program to encourage the early exercise of up to 27,205,500 of its outstanding unlisted warrants exercisable for common shares at a price of $0.25.



  • Endeavour Silver Corp., updated mineral reserves and resource estimates and a PFS on its Terronera project in Jalisco. Indicated resources are 4,363,000 tonnes of 239 g/t Ag and 2.53 g/t Au for a total of 33.4M Oz Ag and 354K oz Au. Inferred resources are 1,073,000 tonnes of 252 g/t Ag and 2.38 g/t Au for a total of 8.8M Oz Ag and 82K Oz Au. Probable reserves are 4,701,000 tonnes of 226 g/t Ag and 2.28 g/t Au for a total of 33.8M Oz Ag and 342K Oz Au. The company also disclosed results of the PFS. Highlights include a mine life of 9.5 years with average annual production of 5.1M Oz Ag Eq in phase 2 (year 3 and onwards); a cash cost of $0.15 per Oz Ag, net of Au by-product credits and all in sustaining cost of $1.36 per Oz Ag, net of Au by-product credits, and a robust economics including an after-tax 5% NPV of $117.8M (51% increase from 2017 PFS), an Internal Rate of Return of 23.5% and Payback period of 5.4 years.


  • Silver Viper Minerals Corp., terminated its option agreement on the Clemente project in Sonora with Riverside Resources Inc.
  • Ethos Gold Corp., entered into an option agreement to acquire an 897 Ha contiguous claim to its la Purisima project in Chihuahua. The company can acquire the 100% interest of the property at any time during the 10 years following closing of the option agreement by paying the property owner staged payments for US$550,000 and granting a 2% NSR royalty on the property of which the company can purchase 50% at any time by paying US$ 1M.
  • Santacruz Silver Mining Ltd., amended the option agreement with the Contracuña group of companies to acquire 100% ownership of the Veta Grande mine and milling facilities as well as the Minillas project in Zacatecas. Santacruz also amended the repayment terms of the US$2.3M short-term loan it has with a private Bolivian mining company. Pursuant to the amended terms the principal balance of US$2.3 million is now to be repaid in October 1, 2018
  • Endeavour Silver Corp., announced an initiative to reduce capital and operating costs due to the drop in precious metal prices this quarter. The exploration group will cease all drilling activities and will be focused on preparing new resource estimates and planning for 2019 to resume their drilling programs. The development group working on Terronera project in Jalisco has delayed hiring for certain positions and will not commence already permitted earthworks on the roads and plant site until receipt of final government permits for the mine dumps and plant tailings. It also conducted a review of possible short-term improvements to increase revenue and decrease costs at each of their mines to year-end.

Content like what you have just read can be seen at and at LinkedIn’s Mexico Mineral Exploration Group.

On the picture above, a rhythmically banded quartz vein in a low sulphidation epithermal project in Durango, Mexico.  Photo by Miguel A Heredia.

Camrova Resources Announces Closing of Private Placement


Toronto, Ontario, May 30, 2018 – Camrova Resources Inc. (“Camrova” or the “Company”) (TSX-V: CAV; OTC: BAJFF) announces that it has closed the non-brokered private placement (the ”Private Placement”) of units (the “Units”) of the Company at a price of Cdn. $0.08 per Unit, issuing an aggregate of 2,830,000 Units to raise gross proceeds of Cdn $ 226,400. Each Unit consists of one common share (a “Common Share”) of the Company and one common share purchase warrant (a “Warrant”). Each
Warrant is exercisable into one Common Share (a “Warrant Share”) for a period of 24 months from closing at Cdn. $0.15 per Warrant Share, provided, however, that in the event the volume-weighted average price of the Common Shares on the TSX Venture Exchange for any 20 consecutive trading days equals or exceeds Cdn. $0.30, the Company may, upon providing written notice to the holders of Warrants, accelerate the expiry date of the Warrants to the date that is 30 days following the date of such
written notice.

Pan American Silver to Announce Q1 2018 Unaudited Results and Host Annual General and Special Meeting of Shareholders

Pan American Silver_26042018

VANCOUVER, April 26, 2018 /CNW/ – PanAmerican SilverCorp. (NASDAQ:PAAS; TSX:PAAS) (“PanAmerican”, or the”Company”) willannounceits unaudited results for thefirst quarter of 2018 on Wednesday, May 9, 2018,after marketclose. Its Annual Generaland Special Meeting of Shareholders will be held thesame day beginning at 6:00 pmET (3:00 pmPT).

Goldcorp Provides First Quarter 2018 Exploration Update


Vancouver, April 25, 2018 – GOLDCORP INC. (TSX: G, NYSE: GG) (“Goldcorp” or the “Company”) is pleased to provide an update on its 2018 exploration program. Representative drill results are provided below; website links to further information including full drill results, drill coordinates, quality assurance and quality control information and relevant diagrams are provided at the end of each section.

San Marco Confirms Exploration Model for New Copper/Silver Discovery at Chunibas and Updates Exploration Plans in Preparation for Drilling


Vancouver, B.C. – March 26th, 2018: San Marco Resources Inc. (SMN: TSX-V) (“San Marco” or “the Company”) reports results of ongoing exploration at its wholly-owned Chunibas Project in eastern Sonora State, Mexico and the development of a model for copper-silver genesis on the Project that will guide exploration plans in preparation for a drill program on the high-grade copper-silver mineralization discovery.

Golden Minerals Reports Year-End 2017 Results

Golden Minerals Reports Year-End 2017 Results

GOLDEN, Colo., March 01, 2018 (GLOBE NEWSWIRE) — Golden Minerals Company (“Golden Minerals”, “Golden” or the “Company”) (NYSE American:AUMN) (TSX:AUMN) has today announced financial results for the full year ending December 31, 2017.

2017 Financial Highlights

  • Cash and equivalents $3.3 million as of December 31, 2017, $0.7 million higher than the $2.6 million on hand as of December 31, 2016
  • Received $1.0M in February 2018 for an amendment of the Celaya farm-out agreement
  • Zero debt, unchanged from year end 2016
  • Loss from operations narrowed by 39 percent to $3.9 million in 2017 from $6.3 million in 2016
  • Net loss narrowed by 63 percent to $3.9 million in 2017 from $10.7 million in 2016
  • Revenue of $6.7 million and operating margin of $4.5 million from the lease of Velardeña’s oxide plant to Hecla Mining Company (“Hecla”), compared to $6.4 million and $4.4 million, respectively, in 2016
  • Received $1.9 million net cash from Hecla in exchange for granting an option to extend the lease of our oxide plant through 2020
  • Generated an additional $2.6 million cash from the sale and farm-out of non-strategic properties and equipment and from Argentina tax refunds, and raised an additional $0.7 million from the issuance of common stock through the Company’s ATM program

Great Panther Silver Reports Fiscal Year 2017 Financial Results

Great Panther Silver Limited – News

GREAT PANTHER SILVER LIMITED (TSX: GPR) (NYSE American: GPL) (“Great Panther”; or the “Company”) today reported financial results for the Company’s year ended December 31, 2017.  The full version of the Company’s consolidated financial statements and Management’s Discussion and Analysis (“MD&A”) can be viewed on the Company’s website at or SEDAR at  All financial information is prepared in accordance with IFRS, except as noted in the Non-GAAP Measures section of the MD&A.  All dollar amounts are expressed in US dollars (“USD”), unless otherwise noted.