polymetallic

Golden Minerals Provides Update

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http://www.juniorminingnetwork.com/junior-miner-news/press-releases/975-tsx/aum/13086-golden-minerals-provides-update.html#.VjN9bOSFPIU

GOLDEN, Colo., Oct. 29, 2015 /CNW/ — Golden Minerals Company (NYSE MKT: AUMN; TSX: AUM) (“Golden Minerals” or “the Company”) announces:

  • In the first half of November 2015, Golden Minerals will suspend mining and processing activities at the Velardena mine and sulfide mill due to continued low precious metals prices and lower than planned mill feed grades at the sulfide plant
  • On October 27, 2015, the Company received $5.0 million in a one-year secured convertible loan from its largest shareholder, The Sentient Group

 

Arian Silver Corporation – Trading To Resume on TSX-V

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http://www.baystreet.ca/articles/news-article.aspx

Arian Silver Corporation (the “Company”) advises that in accordance with the respective rules of the Toronto Venture Stock Exchange (“TSXV”) and AIM, trading on TSXV will resume approximately 30 minutes after the time of this announcement; the trading suspension on AIM remains in effect pending a further announcement regarding the Company’s financial position.

Arian Silver Corporation – Temporary Suspension and Trading Halt

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http://www.baystreet.ca/articles/news-article.aspx

Arian Silver Corporation (the “Company”), a silver mining company focussed on silver projects in the silver belt of Zacatecas, Mexico, announces that further to its announcement on 22 September 2015 of the signing of a letter of intent and non-binding term sheet with Quintana AGQ Holding Co. LLC (“Quintana”), discussions with Quintana and its affiliates are on-going, but that notice has been received from Quintana to terminate the letter of intent in accordance with its terms.

Cyprium Mining Closes Acquisition of Controlling Joint Venture Interest in Historic Potosi Silver Mine and Private Placement Financing

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http://www.juniorminingnetwork.com/junior-miner-news/press-releases/1004-tsx-venture/cug/13071-cyprium-mining-closes-acquisition-of-controlling-joint-venture-interest-in-historic-potosi-silver-mine-and-private-placement-financing.html#.VjJohuSFPIU

MONTREAL, QUEBEC–(Marketwired – Oct. 29, 2015) – Cyprium Mining Corporation (“Cyprium” or the “Company“) (TSX VENTURE:CUG)(TSX VENTURE:CUG.DB) is pleased to announce that it has closed the acquisition of a 53% controlling interest in a joint venture (the “Joint Venture“) which owns: (i) the exclusive exploitation and exploration rights of the Potosi silver mine located in the historic silver rich mining district of Santa Eulalia in Mexico; (ii) the exclusive rights of possession, usage and operations to the San Guillermo processing facility which is located seven kilometers from the Potosi silver mine; as well as (iii) all of the exclusive exploration and exploitation rights to a property adjacent to the south of the Potosi silver mine known as La Chinche (collectively the “Joint Venture Assets“).

UPDATE 1-Profit at Mexico’s Penoles tumbles 86.6 pct in 3rd qtr

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http://www.reuters.com/article/2015/10/28/indust-penoles-results-idUSL1N12S3VK20151028

Oct 28 (Reuters) – Mexican mining company Penoles on Wednesday reported a third-quarter net profit of 155.6 million pesos ($9.19 million), down 86.6 percent from the same period a year earlier as a slump in the peso pushed up costs.

In the July-September period of 2014, the company posted a profit of 1.16 billion pesos.

Sales at the company rose by 11.5 percent to 17.3 billion pesos from the third quarter of 2014.

Goldcorp Delivers Strong Free Cash Flow as Third Quarter Gold Production Increases 42%

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http://www.juniorminingnetwork.com/junior-miner-news/press-releases/530-tsx/g/13049-goldcorp-delivers-strong-free-cash-flow-as-third-quarter-gold-production-increases-42.html#.VjJORuSFPIU

VANCOUVER, Oct. 29, 2015 /CNW/ – GOLDCORP INC. (TSX: G, NYSE: GG) today reported record third quarter gold production1 of 922,200 ounces, an increase of 42% compared to gold production of 651,700 ounces in the third quarter of 2014.  Adjusted quarterly revenues1 were $1.3 billion.  Adjusted operating cash flow1,2  was $374 million, compared to $399 million for the third quarter of 2014. Free cash flow3 was $243 million, compared to negative free cash flow of $355 million for the third quarter of 2014.

Agnico Eagle Reports Record Third Quarter 2015 Gold Production; Strong Operating Performance Leads to Increased Production Guidance and Reduced Costs for 2015

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http://www.juniorminingnetwork.com/junior-miner-news/press-releases/1060-tsx/aem/13023-agnico-eagle-reports-record-third-quarter-2015-gold-production-strong-operating-performance-leads-to-increased-production-guidance-and-reduced-costs-for-2015.html#.VjFa5uSFPIU

TORONTO, Oct. 28, 2015 /CNW/ – Agnico Eagle Mines Limited (NYSE: AEM, TSX:AEM) (“Agnico Eagle” or the “Company”) today reported quarterly net income of $1.3 million, or net income of $0.01 per share for the third quarter of 2015.  This result includes losses on financial instruments of $16.6 million ($0.08 per share), a non-cash foreign currency translation loss on deferred tax liabilities of $8.1 million ($0.04 per share), various mark-to-market and other adjustment losses of $9.5 million ($0.04 per share), non-cash stock option expense of $4.1 million ($0.02 per share), non-cash foreign currency translation losses of $0.9 million (nil per share), and non-recurring gains of $1.3 million ($0.01 per share).  Excluding these items would result in adjusted net income of $39.2 million or adjusted net income of $0.18 per share for the third quarter of 2015.  In the third quarter of 2014, the Company reported a net loss of $15.1 million or a net loss of $0.07 per share.

Endeavour Silver Announces Revised Date for Release of Third Quarter, 2015 Financial Results; Provides Emergency Supplies to Small Towns near San Sebastian del Oeste, Jalisco, Mexico to Assist in Recovery from Hurricane Patricia

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Click to access article_10282015070006.pdf

Vancouver, Canada – October 28, 2015 – Endeavour Silver Corp. (TSX: EDR, NYSE: EXK) announces the date and time for the release of Third Quarter, 2015 financial results has changed. The results will now be released before market on Monday, November 2, 2015 and a telephone conference call will be held the same day at 11:00am PDT (2:00pm EDT).

In cooperation with the Municipality of San Sebastián del Oeste in Jalisco State, Mexico, Endeavour is providing emergency supplies to four towns in the region of the Company’s Terronera property. The region was hit hard by Hurricane Patricia and some local residents were stranded without communications after the collapse of a bridge on their only access road.

Excellon Reports Third Quarter 2015 Production

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http://www.juniorminingnetwork.com/junior-miner-news/press-releases/506-tsx/exn/12836-excellon-reports-third-quarter-2015-production.html#.VipJ3-SFPIU

TORONTO, ON–(Marketwired – October 23, 2015) – Excellon Resources Inc. (TSX: EXN) (OTC: EXLLF) (“Excellon” or the “Company”), Mexico’s highest grade silver producer, is pleased to announce third quarter 2015 production results from the Platosa Mine in Durango, Mexico.

Q3 2015 Production Highlights (Compared to Q3 2014)

  • Silver equivalent (“AgEq”) production of 419,583 oz (Q3 2014 – 455,150 AgEq oz)
  • Silver production of 241,872 oz (Q3 2014 – 216,379 oz)
  • Lead production of 1.3 million lb (Q3 2014 – 1.7 million lb)
  • Zinc production of 2.1 million lb (Q3 2014 – 2.7 million lb)