Perú

Sierra Metals fortifies management team with the appointment of Alonso Lujan as Vice President Exploration

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http://www.juniorminingnetwork.com/junior-miner-news/press-releases/963-tsx/smt/24605-sierra-metals-fortifies-management-team-with-the-appointment-of-alonso-lujan-as-vice-president-exploration.html

TORONTO, Sept. 14, 2016 /CNW/ – Sierra Metals Inc. (TSX: SMT) (BVL: SMT) (“Sierra Metals” or “the Company”) is extremely pleased to announce that the Company has appointed Mr. Alonso Lujan as Vice President Exploration effective immediately.

Mr. Lujan is a Geological and Mining Engineer with over 26 years international experience in mineral exploration with a positive track record for increasing companies’ resources, output and company value.  Mr. Lujan most recently spent 6 years with Mata-Trafigura as the General Manger having been promoted from Exploration and Operations Manager.  While there he oversaw the discovery and commissioning of the Magdelana Project with potential for 50 million tonnes within 2 years and helped to double production as well as optimize and reduced costs.  Prior to that he worked with Hochschild Mining for 5 years and Minas de Bacis SA de CV for 14 years where he helped to also increase resources, increase output and reduce costs.

Pan American Silver Achieves Milestones at Mine Expansions in Mexico

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http://www.juniorminingnetwork.com/junior-miner-news/press-releases/888-tsx/paa/24380-pan-american-silver-achieves-milestones-at-mine-expansions-in-mexico.html

VANCOUVER, Sept. 8, 2016 /CNW/ – Pan American Silver Corp. (NASDAQ: PAAS) (TSX: PAA) (the “Company”, or “Pan American”) today announced that it has achieved important milestones at its two mine expansion projects currently underway in Mexico. At the Company’s La Colorada mine, the new 618-metre deep shaft was commissioned in fully automatic mode in early September, ahead of schedule. The shaft was constructed with a world-class safety performance of zero lost-time accidents incurred and using industry-leading raise boring and shaft automation technologies. The work remaining to complete the La Colorada expansion project includes a new filter plant, power line and underground development. The project is now expected to be completed approximately 5 to 10 percent under budget.

At the Company’s Dolores mine, the new 98 kilometre, 115 kV power line that connects the mine to the national power grid was energized in early September. The new power line was completed on budget and is expected to result in annual savings of about $9 million.

Invertirán 854 MDD En Proyectos Para Extraer Plata

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http://www.milenio.com/negocios/extraccion-plata-inversion-mdd_0_797320270.html

Ciudad de México – Pese al descenso en la exploración para el desarrollo de minas de plata provocado por los bajos precios del metal, la inversión prevista para este y el próximo año en nuevos proyectos es superior a 854 millones de dólares, anticipó la Cámara Minera de México (Camimex).

En 2015 la fortaleza del dólar fue la principal influencia en el precio de la plata, con un precio promedio de 15.7 dólares la onza; sin embargo, el alza en las tasas de interés anunciada por la Reserva Federal de Estados Unidos provocó que de un nivel máximo en enero de 18.2 dólares por onza, en diciembre se ubicara en un mínimo de 13.7 dólares.

Por sexto año consecutivo México se colocó en 2015 como el principal productor de plata en el mundo, seguido de China y Perú, con una extracción de 191.5 millones de onzas, 3.3 por ciento más que en 2014.

Fortuna reports consolidated financial results for the second quarter 2016

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Click to access article_08082016234410.pdf

Vancouver, August 8, 2016– Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) today reported cashflow from operations of $12.7 million, revenue of $44.5 million, and a net loss of $1.4 million in the second quarter of 2016. Jorge A. Ganoza, President and CEO, commented, “We have had a strong operational and financial quarter with solid performance for the first half of the year. With San Jose now in commercial operation at 3,000 tpd, and capital requirements at our existing mines reduced significantly, we are poised to capitalize from the recovery in metal prices.” Mr. Ganoza continued, “The Company is now focused on advancing the recently acquired Lindero Gold Project into construction in 2017 with commercial production expected by the second half of 2018″

Sierra Metals Appoints Mike McAllister, Vice President of Corporate Development

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TORONTO, July 15, 2016 /CNW/ –Sierra Metals Inc. (TSX:SMT) (BVL:SMT) (“Sierra Metals” or the “Company”) is pleased to announce that it has appointed Mike McAllister as Vice President of Corporate Development effective immediately.

Mr. McAllister has served Sierra Metals as Director of Corporate Development since he joined the company in April 2015.  He has played an important role in the Company’s marketing, investor relations, communications and corporate strategy as Sierra embarked on a successful restructuring plan at its mines including a successful brownfield exploration program.

Mr. McAllister is a corporate development, investor relations and communications professional with over 6 years’ direct experience in Corporate Development and Investor Relations and 11 years in the metals and mining sector.

Fortuna Reports Production of 1.6 Million Ounces of Silver and 9,365 Ounces of Gold for the Second Quarter 2016

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VANCOUVER, BRITISH COLUMBIA–(Marketwired – July 12, 2016) – Fortuna Silver Mines Inc. (NYSE:FSM) (TSX:FVI) is pleased to announce second quarter production figures from its two operating mines in Latin America, the San Jose Mine in Mexico and the Caylloma Mine in Peru. The company produced 1.6 million ounces of silver and 9,365 ounces of gold plus base metal by-products. Silver and gold production for the first six months of the year totaled 3.2 million and 18,629 ounces respectively; being 7 percent and 10 percent above the company’s mid-year projection. Fortuna’s production guidance for 2016 is 7.0 million ounces of silver and 42.8 thousand ounces of gold or 9.6 million ounces of Ag Eq*

Pan American Silver Corp. – Early Warning Report

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http://www.stockhouse.com/news/press-releases/2016/07/11/pan-american-silver-corp-early-warning-report

VANCOUVER, July 11, 2016 /CNW/ – Pan American Silver Corp. (NASDAQ: PAAS; TSX: PAA) (“Pan American” or the “Company”), and Maverix Metals Inc. (formerly MacMillan Minerals Inc.) (TSXV: MMX) (“Maverix”), announced today that the Company and Maverix have completed a statutory plan of arrangement (the “Arrangement”) under Section 192 of the Canada Business Corporations Act.

Pursuant to the Arrangement, the Company acquired 42,850,000 common shares of Maverix (the “Common Shares”) for consideration of CAD$52,823,048 (US$40,240,000), based on the Bank of Canada noon exchange rate of 1.3127 on July 11, 2016, representing payment by the Company of approximately CAD$1.23 per Common Share, and 20,000,000 common share purchase warrants (“Warrants”) for consideration of CAD$2,625,400 (US$2,000,000), based on the Bank of Canada noon exchange rate of 1.3127 on July 11, 2016, representing cash consideration by the Company of approximately CAD$0.13 per Warrant.

 

Pan American Silver Files Base Shelf Prospectus and Registration Statement

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http://www.stockhouse.com/news/press-releases/2016/07/11/pan-american-silver-files-base-shelf-prospectus-and-registration-statement

VANCOUVER, July 11, 2016 /CNW/ – Pan American Silver Corp. (NASDAQ: PAAS; TSX: PAA) (the “Company”) has today filed a preliminary short form base shelf prospectus with the securities commissions in each province and territory of Canada and a corresponding shelf registration statement with the United States Securities and Exchange Commission (the “SEC”).  These filings, when made final, will allow the Company to make offerings of common shares, debt securities, subscription receipts, units, warrants, or any combination thereof of up to US$500 million (or the equivalent thereof in Canadian dollars) during the next 25 months to potential purchasers in each province and territory of Canada and the United States. The Company has filed this prospectus in order to provide the Company with greater flexibility going forward. The net proceeds from any such offerings could be used by the Company for general working capital purposes, and for one or more other general corporate purposes including to complete corporate acquisitions, to, directly or indirectly, finance future growth opportunities and to repay existing or future indebtedness.

Fortuna Announces Changes in Management

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http://www.juniorminingnetwork.com/junior-miner-news/press-releases/871-tsx/fvi/22095-fortuna-announces-changes-in-management.html

VANCOUVER, BRITISH COLUMBIA–(Marketwired – July 11, 2016) – Fortuna Silver Mines Inc. (TSX:FVI)(NYSE:FSM)announces that Dr. Thomas I. Vehrs has voluntarily retired as Vice President of Exploration of the company.

Jorge A. Ganoza, President and CEO, commented, “Tom joined Fortuna in 2006 bringing exceptional capabilities to our organization. Through his commitment to high working standards and valuable contributions, our company has achieved important milestones and objectives.” Mr. Ganoza continued, “On behalf of the Board of Directors, management and shareholders, I would like to thank Tom for his outstanding dedication and service to Fortuna.”

The company is pleased to announce the appointment of Mr. David Volkert as new Vice President of Exploration effective August 8, 2016. David is a discovery oriented professional with multiple discoveries over his thirty-eight years in mineral exploration. David’s work experience includes senior positions as CEO at Paget Minerals Corp., VP Exploration at Bear Creek Mining Corp., and Exploration Manager (Peru) at Barrick Gold. David will be responsible for leading the discovery of new mineral resources through the planning and execution of Fortuna’s brownfields and greenfields exploration programs.

Pan American Silver to announce its unaudited 2016 second quarter results on August 11

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http://www.stockhouse.com/news/press-releases/2016/07/06/pan-american-silver-to-announce-its-unaudited-2016-second-quarter-results-on

ANCOUVER, July 6, 2016 /CNW/ – Pan American Silver Corp. (the “Company”) (NASDAQ: PAAS) (TSX: PAA) will announce its unaudited 2016 second quarter results on Thursday, August 11, after market close. A conference call and webcast to discuss the results will be held on Friday, August 12 at 1:00 pm ET (10:00 am PT).