Mill Plant

Telson Resources Inc. Completes Sale of First Concentrates from Its Industrial Scale Bulk Sample Generating Cash of USD $332,919 From its Tahuehueto Gold Silver Lead Zinc Project

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http://www.marketwatch.com/story/telson-resources-inc-completes-sale-of-first-concentrates-from-its-industrial-scale-bulk-sample-generating-cash-of-usd-332919-from-its-tahuehueto-gold-silver-lead-zinc-project-2016-12-15

Dec 15, 2016 (TheNewswire.ca via COMTEX) — (via TheNewswire)

Vancouver, British Columbia / TheNewswire / December 15, 2016 – Telson Resources Inc. (“Telson” or the “Company”) (TSX Venture – TSN.V) today announces that it has closed the sale of its first lead and zinc concentrates produced from its industrial scale bulk sample collected from the El Creston zone on its 100% owned Tahuehueto Project (the “Project”) located in Northern Durango State, Mexico.

Mercuria Commodities Trading S.A, de C.V. (“Mercuria”) has purchased and partially paid for 98.77 tonnes of lead concentrate and 29.35 tonnes of zinc concentrate resulting in cash of USD $332,919 for the Company. This amount represents approximately 85% of the final settlement amount with the balance to be paid within two months of the initial payment. Mercuria is part of large global energy and commodities trading company operating in more than 50 countries with over 1000 employees in offices worldwide.

U.S. Antimony Reports Los Juarez Production Testing

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http://sports.yahoo.com/news/u-antimony-reports-los-juarez-130000768.html

THOMPSON FALLS, MT / ACCESSWIRE / December 5, 2016 / United States Antimony Corporation (“USAC”) (NYSE MKT: UAMY) reported that production testing of the Los Juarez circuits has begun.

The alkaline leach plant in Mexico has been installed, tested, and recoveries are now being verified. Approximately 19.8 metric tons of concentrates from previous milling will be processed during December and the beginning of 2017. Answers to questions from our original application for the cyanide permit to leach the mill tailings have been submitted to SEMARNAT, and the permit is being vigorously pursued. Previously mined mill feed from a 19,000 metric ton stockpile at the Los Juarez property will be hauled to the mill in Guanajuato. The flotation mill will be started during Q1 2017. Mining at greater depths in the pits and in close proximity will commence. USAC will continue operating while the cyanide circuit is added in stages using internally generated cash flows.

Hecla Reports Third Quarter 2016 Results

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http://ir.hecla-mining.com/file/Index?KeyFile=36600210

COEUR D’ALENE, Idaho–(BUSINESS WIRE)– Hecla Mining Company (NYSE:HL) today announced third quarter financial and operating results.

THIRD QUARTER HIGHLIGHTS AND SIGNIFICANT ITEMS (compared to Q3 2015)

  • Net income applicable to common shareholders of $25.7 million, or $0.07 per share.
  • Sales of $179.4 million, up 71%, a record.
  • Adjusted EBITDA of $75.2 million, up 323%.1
  • Cash provided by operating activities of $87.0 million, up 225%. Includes $16 million of insurance proceeds for the Troy Mine reclamation.
  • Free cash flow of $27.7 million, up $38 million.2
  • Total silver production of 4.3 million ounces, up 67%.
  • Gold production of 52,126 ounces, up 19%.
  • Silver equivalent production of 10.3 million ounces, up 17%.3
  • Last 12 months net loss of $13.7 million and adjusted EBITDA of $234 million.1
  • Net debt/adjusted EBITDA (last 12 months) of 1.4x, a 49% decline.1,4
  • Cash and cash equivalents and short-term investments of $192.4 million at September 30, 2016, up $33 million over the second quarter.
  • Completed the acquisition of the Montanore project, located near the Rock Creek project.
  • Reduced estimate for 2016 cash cost, after by-product credits, per silver ounce to $4.00 and increased estimate for 2016 cash cost, after by-product credits, per gold ounce to $750.5

MX Gold Corp. Acquires Near Term Gold Production in Mexico

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https://globenewswire.com/news-release/2016/10/25/882558/0/en/MX-Gold-Corp-Acquires-Near-Term-Gold-Production-in-Mexico.html

VANCOUVER, British Columbia, Oct. 25, 2016 (GLOBE NEWSWIRE) — MX Gold Corp. (TSX-V:MXL) (FSE:ODV) (OTCQX:MXLGF) (the “Company” or “MX Gold”) is pleased to announce a binding agreement with Gracepoint Mining Corp., a subsidiary of Firma Holdings Corp. (OTC:FRMA) to acquire a 50% interest in the Magistral, Del Oro tailings project, which is located within the “Golden Triangle” in Santa Maria Del Oro, Durango, Mexico.

The project includes a fully permitted, 500 tonne/day Dynamic Cyanide counter current system plant constructed in 2013 at a cost of approximately $4.5 million, which appears to be in excellent condition.  The plant is unencumbered and it is estimated that the plant can be fully operational within 4 to 6 months. Additionally, the Magistral project includes the exclusive rights to process the mineralized mill tailings.

Santacruz Silver Acquires 15 Year Right to Explore, Develop and Mine the Cinco Estrellas Gold-Silver Property Located 40 km from the Rosario Mine

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Click to access article_09072016122107.pdf

Vancouver, B.C. – Santacruz Silver Mining Ltd. (TSX.V:SCZ) (“Santacruz”) announced today that its wholly-owned subsidiary, Impulsora Minera Santacruz S.A. de C.V. (together with Santacruz the “Company”), has entered into an agreement (the “Agreement”) pursuant to which the Company has acquired the exclusive right for 15 years (the “Exclusive Mining Right”) to explore, develop and mine the Cinco Estrellas gold-silver property (the “Property”) situated approximately 40 km from the Company’s Rosario Mine located near Charcas, San Luis Potosi, Mexico. The Property covers approximately 400 hectares in total and includes vein systems that have had prior mining activity conducted on them. As consideration for being granted the Exclusive Mining Right, the Company has agreed to pay the Property vendor a 2.5% net smelter returns royalty on any mineralized material from the Property that is mined and milled or otherwise treated for the eventual sale of the contained metal. In addition, the Company has agreed to make the following cash payments: US$50,000 on signing (paid), US$5,000 per month for the first six months, and US$50,000 on the 90th day after entering into the Agreement.

DynaResource, Inc. Reports Additional Gold Production at San Jose de Gracia

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http://www.marketwired.com/press-release/dynaresource-inc-reports-additional-gold-production-at-san-jose-de-gracia-otcqb-dynr-2136045.htm

IRVING, TX–(Marketwired – Jun 21, 2016) – DynaResource, Inc. (“DynaUSA”, and “the Company”) (OTCQB: DYNR) is pleased to announce that Mineras de DynaResource S.A. de C.V. (“DynaMineras”), the 100% owned subsidiary of DynaUSA and the exclusive operator of the San Jose de Gràcia Property in northern Sinaloa, México (“SJG”), is reporting the delivery for sale, on June 18 and June 20, 2016, of an approximate 750 Oz. gold contained in concentrates (exact weights in gold and silver Oz. to be determined at final settlement).

Minera Alamos Inc. Advances La Fortuna with the Acquisition of Mineral Processing Plant

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http://www.juniorminingnetwork.com/junior-miner-news/press-releases/1547-tsx-venture/mai/21300-minera-alamos-inc-advances-la-fortuna-with-the-acquisition-of-mineral-processing-plant.html

TORONTO, ONTARIO–(Marketwired – June 21, 2016) – Minera Alamos Inc. (TSX VENTURE:MAI) (the “Company” or “Minera Alamos“) is pleased to announce it has acquired the assets of a previously operational grinding/flotation facility to be utilized in the construction of its La Fortuna gold project in Durango, Mexico.

“The opportunity to acquire and fully pay for this facility, at a significant discount, marks substantial progress in the development of the La Fortuna project,” said Darren Koningen, President of Minera Alamos. “The Company continues to evaluate metallurgical alternatives that would allow us to increase gold production from the project resource by up to 50% based on what would be expected under the heap leaching models considered by previous owners. We continue to aggressively take advantage of the rare opportunities current markets are providing”.

 

U.S. Antimony Reports Production and Los Juarez Mill Testing

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http://www.juniorminingnetwork.com/junior-miner-news/press-releases/1772-nysemkt/uamy/18184-u-s-antimony-reports-production-and-los-juarez-mill-testing.html

THOMPSON FALLS, Mont.–(BUSINESS WIRE)–United States Antimony Corporation (“USAC”, NYSE MKT “UAMY”) reported preliminary Q1 2016 production as follows:

Product Q1 2016 Q1 2015 Change
Antimony pounds 872,663 521,956 + 67.2%
BRZ zeolite tons 3,072 3,032 + 1.3%
Gold from Australia ounces 68.0 0 +100%
Gold North America ounces 37.24 20.08 +85.5%
Silver North America ounces 14,203.59 8,671.86 +63.8%

 

Almaden Enters Into Mill Purchase Option Agreement; Significantly Reduces Capital Cost of Ixtaca “Ramp-Up” Scenario

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http://www.juniorminingnetwork.com/junior-miner-news/press-releases/825-tsx/amm/12669-almaden-enters-into-mill-purchase-option-agreement-significantly-reduces-capital-cost-of-ixtaca-quot-ramp-up-quot-scenario.html#.ViWoseSFNMs

VANCOUVER, BC–(Marketwired – October 19, 2015) – Almaden Minerals Ltd. (TSX: AMM)(NYSE MKT: AAU) is pleased to announce that it has entered into an option agreement entitling it to purchase assets (the “Assets”) which, when taken together, constitute the Rock Creek mill. The Rock Creek mill is located just outside of Nome, Alaska.

Morgan Poliquin, President and CEO of Almaden, commented: “This is a significant transaction for Almaden. This mill is very well suited to the flow-sheet we envisage at our Ixtaca project in Mexico, and represents the same throughput as we outlined in our ‘ramp-up’ scenario in our PEA Update announced in September, 2014.