Mines

Gold Resource Corporation Declares July Monthly Dividend

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COLORADO SPRINGS – July 27, 2016 – Gold Resource Corporation (NYSE MKT: GORO) (the “Company”) declares its monthly instituted dividend of 1/6 of a cent per common share for July 2016 payable on August 23, 2016 to shareholders of record as of August 11, 2016. Gold Resource Corporation is a gold and silver producer with operations in Oaxaca, Mexico and exploration in Nevada, USA. The Company has returned $108 million to shareholders in monthly dividends since commercial production commenced July 1, 2010, and offers shareholders the option to convert their cash dividends and take delivery in physical gold and silver.

Coeur Reports Second Quarter 2016 Results

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Chicago, Illinois – July 27, 2016 – Coeur Mining, Inc. (the “Company” or “Coeur”) (NYSE: CDE) reported second quarter 2016 revenue of $182.0 million, net income of $14.5 million, or $0.09 per share, and adjusted net income1 of $17.3 million, or $0.11 per share. Continued cost reductions resulted in a 16% decline in costs applicable to sales (“CAS”) per silver equivalent ounce1 (“AgEqOz”), a 21% decrease in CAS per gold equivalent ounce1 (“AuEqOz”), and an 11% reduction in all-in sustaining costs (“AISC”) per AgEqOz1 , all compared to the same quarter last year. Cash flow from operating activities was $45.9 million, almost a $40 million increase quarter-over-quarter. Free cash flow1 totaled $12.2 million in the second quarter, approximately $37 million higher than the first quarter.

New Gold Delivers Higher 2016 Second Quarter Cash Flow and Significantly Lowers Full-Year Cost Guidance

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July 27, 2016 – New Gold Inc. (“New Gold”) (TSX:NGD) (NYSE MKT:NGD) today announces its 2016 second quarter results and provides an update on the construction of the company’s Rainy River project.

“We are proud to have delivered such strong second quarter results,” stated Randall Oliphant, Executive Chairman. “The combination of higher production, lower costs and improved gold prices enabled us to generate a 39% increase in our cash flow. We are on track to meet our full-year gold production guidance and pleased to be in a position to lower our cost guidance. We look forward to a strong finish to the year.”

Agnico Eagle Reports Q2 2016 Operating and Financial Results; Production Guidance Raised and Dividend Increased by 25%

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TORONTO, July 27, 2016 /CNW/ – Agnico Eagle Mines Limited (NYSE: AEM, TSX:AEM) (“Agnico Eagle” or the “Company”) today reported quarterly net income of $19.0 million, or net income of $0.09 per share for the second quarter of 2016 (on an undiluted basis).  This result includes a non-cash foreign currency translation loss on deferred tax liabilities of $7.0 million ($0.03 per share), various mark-to-market and other adjustment losses of $5.8 million ($0.03 per share), non-cash foreign currency translation losses of$5.5 million ($0.02 per share), non-cash stock option expense of $3.1 million ($0.01 per share), non-recurring gains of $4.4 million($0.02 per share), and unrealized gains on financial instruments of $1.0 million (nil per share).  Excluding these items would result in adjusted net income1 of $35.0 million or $0.16 per share for the second quarter of 2016.  In the second quarter of 2015, the Company reported net income of $10.1 million or net income of $0.05 per share.

Goldcorp Reports Second Quarter 2016 Results; Expansions Approved at Peñasquito and Musselwhite

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VANCOUVER, July 27, 2016 /CNW/ – GOLDCORP INC. (TSX: G, NYSE: GG) today reported its second quarter 2016 results and a decision to proceed with expansions at both its Peñasquito and Musselwhite mines.

Second Quarter 2016 Highlights

  • Gold production(1) of 613,400 ounces at all-in sustaining costs(1)(3) (“AISC”) of $1,067 per ounce, compared to 908,000 ounces at AISC of $853 per ounce in 2015. Lower gold production was expected in the second quarter mainly due to planned lower ore grades, a 10-day mill shutdown for planned maintenance at Peñasquito and the exhaustion of surface stockpiles at Cerro Negro which contributed significantly to mill feed in 2015.  Further, a slower than expected ramp up after the mill shutdown at Peñasquito and the decision to accelerate a large workforce reduction at Cerro Negro had a short-term, negative impact on second quarter gold production.
  • 2016 guidance reconfirmed for gold production of between 2.8 and 3.1 million ounces, at AISC of between $850 and $925per ounce.  Production is expected to increase in the third and fourth quarter as the plant at Peñasquito returned to normal operations in July and higher grades are expected from a number of mines. AISC are expected to decrease as a result of higher production.

Cyprium Mining announces the appointment of Jonathan George to its board of directors

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MONTREAL, July 27, 2016 /CNW Telbec/ – Cyprium Mining Corporation (“Cyprium” or the “Company“) (TSXV: CUG CUG.DB) is pleased to announce the appointment of Mr. Jonathan George as a director of the Company.

Mr. George is a consulting geologist and entrepreneur who has been involved in international mineral exploration and development for over 35 years. He has raised more than $60 million for various projects around the world, including Mexico. Mr. George was the President and Co-founder of Creston Moly Corp, which acquired Mexico’s largest molybdenum deposit. Creston merged with Mercator Minerals in 2011 in a transaction valued at more than $176 million. Prior to his success with Creston, he was President and CEO of ESO Uranium (predecessor of Alpha Minerals) where he was instrumental in assembling one of the largest land packages in theAthabasca Basin, Saskatchewan; Alpha and its partner Fission Energy made one of the most significant uranium discoveries in recent history on their Patterson Lake South joint venture.

Fortuna Announces Retirement of Director

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VANCOUVER, BRITISH COLUMBIA–(Marketwired – July 27, 2016) – Fortuna Silver Mines Inc. (NYSE:FSM)(TSX:FVI) Mr. Simon Ridgway, Chairman of the Board, announces that Mr. Michael Iverson has retired from the Board of Directors. Mr. Iverson joined the board of the predecessor company of Fortuna back in 1998.

Americas Silver Provides Second Quarter Operating Results and Corporate Update

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TORONTO, ONTARIO–(Marketwired – July 27, 2016) – Americas Silver Corporation (TSX:USA)(OTCQX:USAPF) (“Americas Silver” or “the Company”) today announced production and operating cost results for the second quarter of 2016 for its Cosalá Operations and Galena Complex. All figures are in U.S. dollars unless otherwise indicated.

Gainey Capital Strengthens Technical Advisory Board

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July 26 2016 – Vancouver, British Columbia – Gainey Capital Corp. (TSXV: GNC) (OTCQX: GNYPF) (“Gainey” or the “Company”) is pleased to announce the addition of David Hladky, P.Geo, to its Technical Advisory Board.

David Hladky is a bilingual, registered Professional Geologist with over 18 years of international mineral exploration experience. Mr. Hladky’s last position was with Cayden Resources Inc. as the Qualified Person and one of the leaders in the exploration of the Morelos Sur and El Barqueno projects in Mexico that were successfully sold to Agnico Eagle Mines for $205 Million in 2014. Mr. Hladky also spent several years working for Great Panther Silver in the exploration of their Guanajuato Mine and Km 66 project, both also in Mexico.

Capstone Mining Second Quarter 2016 Financial Results

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Vancouver, British Columbia – Capstone Mining Corp. (“Capstone” or the “Company”) (TSX: CS) today announced its financial results for the three and six months ended June 30, 2016. Operating cash flow before changes in working capital (1) was $21.6 million or $0.06 per share, with a net loss of $13.4 million and an adjusted net loss of $7.5 million after adjusting for certain non-cash and non-recurring charges. Copper production for the quarter totalled 28,157 tonnes (27,200 tonnes of payable copper) at a C1 cash cost (1) of $1.51 per payable pound produced with copper sales for the quarter of 22,549 tonnes at a C1 cash cost (1) of $1.66 per payable pound sold.