processing plant

Telson Delivers First Concentrates Produced at Campo Morado and Adds Capital Markets Expertise to Board.

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Click to access TSN_NR_174_Nov13_2017.pdf

Vancouver, British Columbia, November 13, 2017.
Highlights:
 Five Transport Trucks Carrying Telson’s First Campo Morado Concentrate Production have been shipped and delivered to Trafigura Mexico
 Delivery Included approximately 225 wet Tonnes of Zinc Concentrate
 Additional 575 tonnes of zinc concentrate and 250 tonnes of lead concentrate produced and schedule for shipping this week.
 Campo Morado Mineral Processing Plant Running Continuously 24/7
 Senior Securities Lawyer with Extensive Capital Markets Expertise Joins Telson’s Board.
 Options granted to Directors, Officer and Employees.
Telson Resources Inc. (“Telson” or the “Company”) (TSX Venture – TSN.V) is pleased to announce it has delivered its first Campo Morado produced zinc concentrates to Trafigura’s warehouse in Manzanillo, Mexico.
Since re-starting operations at Campo Morado just three weeks ago the Company is happy to report that the mill is operating from October 29, 2017 on a 24/7 continuous basis and up to November 5, 2017 had produced more than 800 tonnes of zinc concentrate and more than 250 tonnes of lead concentrate.

Magellan Gold – chase of SDA Mill Expected to Close in November – Milling Operations Restarted and Underway

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http://www.magellangoldcorp.com/2017/11/chase-of-sda-mill-expected-to-close-in-november-milling-operations-restarted-and-underway/

Magellan Gold Corporation (OTCQB: MAGE) (“Magellan” or “the Company”) is pleased to announce that its purchase of the SDA Mill, Nayarit State, Mexico, from Rose Petroleum plc (AIM: ROSE) is nearing conclusion. The final major item for closing to occur, restructuring of Mexican ownership of the SDA Mill, is in progress and is expected to be concluded in November 2017. Other important closing items already in place include the necessary funding and Rose’s shareholder approval.

 

Magellan is especially pleased to announce that effective for the month of November 2017, operations of the SDA Mill have re-commenced under an interim milling agreement between the Company and Rose and its Mexican operating subsidiary. The processing plant currently is treating third-party ore on a toll basis at the rate of 100 tons per day. Magellan has funded costs of the interim operations under an approved budget and will be entitled to proceeds therefrom.

 

“Acquisition of the SDA Mill will transform Magellan into a production company and will be an exciting development for our shareholders,” stated CEO Pierce Carson. “With production started already under the interim processing agreement, we have begun to execute on our strategy to resume processing operations, build production and increase cash flow.”

GOLDEN MINERALS REPORTS THIRD QUARTER 2017 RESULTS

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Click to access Press-Release-Nov-7-2017-Golden%20Minerals%20Q317%20Results.pdf

GOLDEN, CO, November 7, 2017 (GLOBE NEWSWIRE) ‐‐ Golden Minerals Company (“Golden Minerals”, “Golden” or “the Company”) (NYSE American and TSX: AUMN) today provided a business summary and financial results for the third quarter ended September 30, 2017.
Third Quarter Financial Results
 Cash and cash equivalents balance of $5.0 million as of September 30, 2017 compared to $2.6 million as of December 31, 2016
 Revenue of $1.8 million and positive net operating margin (oxide plant lease revenue less lease costs) of $1.2 million related to the lease of the Company’s oxide plant in the third quarter 2017, compared to revenue of $1.7 million and positive net operating margin of $1.2 million related to the oxide plant lease in the third quarter 2016
 Net loss of $0.3 million in the third quarter 2017 compared to a net loss of $0.8 million in the third quarter 2016
 Loss from operations of $0.3 million in the third quarter 2017 compared to a loss from operations of $0.2 million in the third quarter 2016
 Debt balance of zero as of September 30, 2017

Starcore Announces Management Changes at the Altiplano Processing Plant

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https://www.starcore.com/en/investors/news/2017/starcore-announces-management-changes-at-the-altiplano-processing-plant/

Vancouver, British Columbia – Starcore International Mines Ltd.  (TSX:SAM) (“Starcore” or the “Company”) reports changes to its senior management at the Altiplano gold and silver processing plant in Matehuala, Mexico (the “Plant”).  The action to remove and replace senior management and sales personnel from the Altiplano operations was precipitated by a prolonged period of poor performance at the Plant.

“The action taken was necessary to stem the flow of negative results at a facility that has every reason to be successful,” said Robert Eadie, Starcore’s President & CEO.

Effective immediately, operational duties will be assumed by existing Starcore management and personnel in Mexico, assisted by the services of a newly appointed consultant specializing in the procurement of concentrates. Management believes that this is the best course of action to turn Altiplano profitable as it was designed to be.