Mines

Hecla Mining Reports Second Quarter 2016 Results

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http://www.juniorminingnetwork.com/junior-miner-news/press-releases/1104-nyse/hl/23064-hecla-mining-reports-second-quarter-2016-results.html

COEUR D’ALENE, Idaho–(BUSINESS WIRE)–Hecla Mining Company (NYSE:HL) today announced second quarter 2016 financial and operating results.

SECOND QUARTER HIGHLIGHTS AND SIGNIFICANT ITEMS (compared to Q2 2015)

  • Net income applicable to common shareholders of $24.0 million, or $0.06 per share.
  • Sales of $171.3 million, up 64% on higher production, a record.
  • Adjusted EBITDA of $77.8 million, up 164%.1
  • Silver production of 4.2 million ounces, up 71%.
  • Gold production of 62,965 ounces, up 41%.
  • Cash and cash equivalents and short-term investments of $159 million, up $25 million over first quarter.
  • Increased estimated 2016 (i) silver production to 15.75 million ounces (from 15.0 million) at a cash cost, after by-product credits, of $4.75 per ounce (from $5.00 per ounce) and (ii) exploration and pre-development expenditures by 27% to $19.0 million.2
  • #4 Shaft at Lucky Friday reached its final depth, expected to be operational by year end.

McEwen Mining Q2 2016 Operating & Financial Results

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http://globenewswire.com/news-release/2016/08/04/861610/0/en/McEwen-Mining-Q2-2016-Operating-Financial-Results.html

TORONTO, Aug. 04, 2016 (GLOBE NEWSWIRE) — McEwen Mining Inc. (NYSE:MUX) (TSX:MUX) is pleased to announce consolidated quarterly production of 39,555 gold equivalent ounces(1), which accounts for 27,888 ounces gold and 875,006 ounces silver.  The Company reported net income of $8.4 million(2) and $21.3 million as well as earnings from mining operations of $19.3 million(3) and $38.8 million(3) for the three and six months ended June 30, 2016, respectively.

The Company generated $4.8 million and $19.5 million of net cash flow from operations for the three and six months ended June 30, 2016 respectively.  During the quarter we purchased a royalty on our El Gallo property for $5.3 million which reduced our cash flow but increased our future leverage to higher gold and silver prices.

Avino Silver & Gold Mines Ltd- Second Quarter 2016 Financial Results to be Released on Monday August 15, 2016

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Click to access article_08042016080919.pdf

Avino Silver & Gold Mines Ltd. (ASM: TSX-V, ASM: NYSE-MKT; “Avino” or “the Company”) is pleased to announce that its second quarter 2016 financial results will be released after market on Monday, August 15, 2016. Furthermore, the Company will be holding a conference call to review its financial results for the second quarter of 2016 on Tuesday, August 16, 2016 at 8 am PST (11am EST).

Great Panther Silver Reports The Passing Of Topia Mine General Manager

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http://www.greatpanther.com/English/News/News-Details/2016/Great-Panther-Silver-Reports-the-Passing-of-Topia-Mine-General-Manager/default.aspx

VANCOUVER, Aug. 3, 2016 /PRNewswire/ – GREAT PANTHER SILVER LIMITED (TSX: GPR; NYSE MKT: GPL) (“Great Panther”; the “Company”) announces that the General Manager of the Topia Mine, Ing. Javier Ramirez Vargas unexpectedly died earlier today in the town of Topia.  The circumstances of Mr. Ramirez’s death are being investigated by authorities at this time.  Although Mr. Ramirez’s death did not occur at the Company’s operations, out of respect for Mr. Ramirez and to allow our employees time to recover from his sudden passing, the Company has temporarily suspended mining and processing operations at its Topia Minein Durango.

McEwen Mining Q2 2016 Financial Results Conference Call

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http://globenewswire.com/news-release/2016/08/03/861492/0/en/McEwen-Mining-Q2-2016-Financial-Results-Conference-Call.html

TORONTO, Aug. 03, 2016 (GLOBE NEWSWIRE) — McEwen Mining Inc. (NYSE:MUX) (TSX:MUX) is pleased to announce that senior management will be hosting a conference call to discuss our Q2 2016 financial results and project developments on Thursday, August 4th, 2016 at 11:00 am ET.

Great Panther Silver Reports Second Quarter 2016 Financial Results

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http://www.greatpanther.com/English/News/News-Details/2016/Great-Panther-Silver-Reports-Second-Quarter-2016-Financial-Results/default.aspx

VANCOUVER, Aug. 3, 2016 /PRNewswire/ – GREAT PANTHER SILVER LIMITED (TSX: GPR; NYSE MKT: GPL) (“Great Panther”; the “Company”) today reported financial results for the Company’s three and six months ended June 30, 2016. The full version of the Company’s unaudited condensed interim consolidated financial statements, and Management’s Discussion and Analysis (“MD&A”) can be viewed on the Company’s website at www.greatpanther.com, or SEDAR at www.sedar.com. All financial information is prepared in accordance with IFRS and all dollar amounts are expressed in Canadian dollars unless otherwise indicated.

Premier Gold Mines Announces Financing Arrangement with Orion Mine Finance for the Purchase of the Mercedes Mine

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http://www.stockhouse.com/news/press-releases/2016/08/03/premier-gold-mines-announces-financing-arrangement-with-orion-mine-finance-for

THUNDER BAY, ON, Aug. 3, 2016 /CNW/ – PREMIER GOLD MINES LIMITED (“Premier“) (TSX:PG) is pleased to announce that it has entered into a letter agreement with Orion Mine Finance (“Orion“) to fully-fund the cash component of the recently announced acquisition (the “Acquisition“) of the Mercedes Mine (the “Mercedes Mine“) from Yamana Gold Inc. (“Yamana“) for a total purchase price of US$140.0 million (based on the July 5th, 2016 closing price on the date of signing the non-binding letter of intent with Yamana).

Goldgroup Sells Rights to Contingent Consideration

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http://www.juniorminingnetwork.com/junior-miner-news/press-releases/897-tsx/gga/23042-goldgroup-sells-rights-to-contingent-consideration.html

VANCOUVER, Aug. 3, 2016 /CNW/ – Goldgroup Mining Inc. (“Goldgroup” or the “Company”) (TSX:GGA, OTC:GGAZF, BMV SIX:GGAN.MX) announces it has closed the sale of rights to the contingent consideration as disclosed in the press release detailing the Caballo Blanco transaction on December 24, 2014 (the “Right”) to Credipresto S.A de C.V.  SOFOM E.N.R (“Credipresto”).

The consideration for the Right is US$2,500,000, of which US$1,900,000 was paid at execution and an additional US$600,000 will be paid in the event the owner of Caballo Blanco receives the approval of the project’s environmental impact statement from SEMARNAT. This US$600,000 contingent payment no longer has an expiration date.

The US$1,900,000 proceeds received by Goldgroup was immediately used to pay back part of the outstanding loan facility (the “Facility”) with Credipresto.

Fresnillo plc hará inversión de mil 900 mdd hacia el 2018

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http://www.elfinanciero.com.mx/empresas/fresnillo-plc-hara-inversion-de-mil-900-mdd-hacia-el-2018.html

La minera Fresnillo plc, subsidiaria de Peñoles, proyecta una inversión de alrededor de mil 900 millones de dólares entre 2016 y 2018, principalmente en el desarrollo de nuevos proyectos y aprovechando los excedentes en sus flujos relacionados con la revaluación del oro.

Octavio Alvídrez, CEO del grupo, detalló en una presentación a los analistas que este año aplicarán aproximadamente 600 millones de dólares y casi 800 millones en 2017, donde alrededor de 68 por ciento será para nuevos proyectos.

Endeavour Silver Reports Financial Results for Second Quarter, 2016; Conference Call at 10am PDT (1pm EDT) Today

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http://www.marketwired.com/press-release/endeavour-silver-reports-financial-results-second-quarter-2016-conference-call-10am-nyse-exk-2147549.htm

VANCOUVER, BC–(Marketwired – August 03, 2016) – Endeavour Silver Corp. (NYSE: EXK) (TSX: EDR) released today its financial results for the second quarter ended June 30, 2016. Endeavour owns and operates three underground silver-gold mines in Mexico: the Guanaceví mine in Durango state, and the Bolañitos and El Cubo mines in Guanajuato state.