silver production

Premier Reports Third Quarter Results with $17.1 million in Free Cash Flow or $0.08 per share

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https://www.premiergoldmines.com/news/press-releases/premier-reports-third-quarter-results-with-17-1-million-in-free-cash-flow-or-0-08-per-share

PREMIER GOLD MINES LIMITED (TSX:PG) (“Premier”, “the Company”) is pleased to announce its operating results for the third quarter ended September 30, 2017.

Note: Unless otherwise stated, all amounts discussed herein are denominated in Canadian dollars.

2017 Third Quarter Consolidated Highlights

  • Production of 26,677 ounces of gold and 82,856 ounces of silver
  • Gold sales of 37,920 ounces at an average realized price(i) of $1,604 (US$1,282) per ounce
  • Co-product cash costs(i) of US$646 per ounce of gold (ii)
  • Co-product all-in sustaining costs (“AISC”)(i) of US$782 per ounce of gold
  • Net revenue of $62.3 million (US$47.7 million)
  • Operating income of $17.0 million (US$13.0 million)
  • Net income of $3.9 million (US$3.0 million)
  • Quarter end cash balance of $171.8 million (US$137.6 million) plus inventory of 5,933 ounces of gold and 39,659 ounces of silver
  • Cash flow from operating activities of $25.6 million (US$19.6 million) or $0.12/share (US$.09/share)
  • Free cash flow(i) of $17.1 million (US$13.1 million) or $0.08/share (US$0.06/share) after an investment of $6.9 million (US$5.3 million) in exploration and pre-development programs and $8.4 million (US$6.4 million) in capital expenditures.

Fortuna reports consolidated financial results for the third quarter 2017

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http://www.nasdaq.com/press-release/fortuna-reports-consolidated-financial-results-for-the-third-quarter-2017-20171108-01813

 

VANCOUVER, British Columbia, Nov. 08, 2017 (GLOBE NEWSWIRE) — Fortuna Silver Mines Inc.(NYSE:FSM) (TSX:FVI) today reported net income of $10.3 million, Adjusted EBITDA of $30.6 million, and revenue of $64.0 million in the third quarter of 2017.

Jorge A. Ganoza, President and CEO, commented, “We have had yet another quarter of strong operating and financial results at our operating mines in Peru and Mexico, positioning the company well on track to meet our annual production targets and financial objectives.” Mr. Ganoza continued, “Having announced a positive construction decision for our Lindero gold Project in Argentina, we expect free cash flow from our operations to contribute significantly towards the funding of the construction capital requirements.”

First Majestic Reports Third Quarter Financial Results

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https://www.firstmajestic.com/news/index.php?content_id=337

VANCOUVER, B.C., Nov. 02, 2017 (GLOBE NEWSWIRE) — FIRST MAJESTIC SILVER CORP. (NYSE:AG) (TSX:FR) (the “Company” or “First Majestic”) is pleased to announce the unaudited interim consolidated financial results of the Company for the third quarter ended September 30, 2017. The full version of the financial statements and the management discussion and analysis can be viewed on the Company’s web site at www.firstmajestic.com or on SEDAR at www.sedar.com and on EDGAR at www.sec.gov. All amounts are in U.S. dollars unless stated otherwise.

THIRD QUARTER 2017 HIGHLIGHTS
(compared to Second Quarter 2017)

  • Silver equivalent production increased 3% to 4.0 million ounces
  • Silver production increased 6% to 2.4 million ounces
  • Revenues increased 3% to $61.9 million
  • Mine operating earnings increased 126% to $3.2 million
  • Cash flow per share was $0.11 per share (non-GAAP), a decrease of 2% from the prior quarter
  • All-in sustaining costs (“AISC”) increased 8% to $15.73 per payable silver ounce
  • Cash costs increased 15% to $8.52 per payable silver ounce (net of by-product credits)
  • Net loss of $1.3 million (Basic loss per share of $0.01)
  • Adjusted net loss, excluding non-cash and non-recurring items, totalled $0.2 million (Adjusted loss per share of $0.00)
  • Realized average silver price of $17.11 per ounce, relatively consistent with the prior quarter
  • Healthy balance sheet with $120.8 million in cash and cash equivalents and only $34.7 million in debt facilities at the end of the quarter

AMERICAS SILVER CORPORATION PROVIDES AN UPDATE ON THE SAN RAFAEL PROJECT 

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Click to access nr20170911.pdf

TORONTO–(BUSINESS WIRE)–Sep. 11, 2017– Americas Silver Corporation (TSX: USA) (NYSE “MKT”: USAS) (“Americas Silver” or the “Company”) is pleased to provide an update on its 100% owned San Rafael Development Project, part of the Cosalá Operations in Sinaloa, Mexico.

Based on the April 2016 San Rafael Technical Report (the” Report”), the Company targeted initial production to be sourced from the southern lobe of the Main Zone while development of the primary ramp continued toward the larger and more massive part of the deposit further to the north. Development towards this southern lobe began in January 2017 and ore is now being mined from two development headings in this area with two levels being prepared for production. Ore from three additional headings will be added to the existing surface stockpile within the next week.

The primary ramp which will provide long term access to the bulk of the deposit is progressing well. Approximately 480 meters of additional development is required before the main drive reaches the bottom level of the Main Zone. The schedule calls for this work to be completed over the next seven to nine months.

Gold Resource Corporation Reports Sixth Consecutive Year of Profitability with 2016 Net Income of $4.4 Million, or $0.08 per Share; Provides 2017 Production Outlook

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Click to access article_02282017164632.pdf

COLORADO SPRINGS – February 28, 2017 – Gold Resource Corporation (NYSE MKT: GORO) (the “Company” or “GRC”) today announced a sixth consecutive year of profitability reporting $4.4 million in net income or $0.08 per share. The Company also confirmed its previously announced 2016 annual mill production of 27,628 gold ounces and 1,857,658 silver ounces for 53,023 precious metal gold equivalent ounces (at a realized 73.1:1 silver-to-gold ratio). The Company announced its 2017 precious metal Outlook targeting a plus or minus 5 percent production range consisting of 27,500 ounces gold and 1,850,000 ounces silver. Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico and Nevada, USA. The Company has returned $109 million to its shareholders in monthly dividends since commercial production commenced July 1, 2010, and offers its shareholders the option to convert their cash dividends into physical gold and silver and take delivery.

First Majestic Appoints New COO and New Member to Board of Directors

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http://www.firstmajestic.com/news/index.php?&content_id=314

February 28, 2017

VANCOUVER, BRITISH COLUMBIA–(Marketwired – Feb. 28, 2017) – FIRST MAJESTIC SILVER CORP. (TSX:FR)(NYSE:AG)(FRANKFURT:FMV)(BVM:AG) (the “Company” or “First Majestic”) is pleased to announce the promotion of Dustin VanDoorselaere, previously Vice President of Operations, to the role of Chief Operating Officer (COO) beginning March 1, 2017. Mr. VanDoorselaere, an experienced mining engineer, will be responsible for overseeing all operational functions at each of the Company’s six operating silver mines in Mexico.

Prior to joining First Majestic in November 2016, Mr. VanDoorselaere held the position of General Manager for Nyrstar, a global metals and mining company, and was responsible for overseeing all aspects of mining operations, including legal and government relations, at the El Mochito mine in Honduras and the Campo Morado mine in Mexico. Prior to Nyrstar, Mr. VanDoorselaere held various operational positions at Goldgroup Mining and Aurico Gold in Mexico. Prior to working in Mexico, Mr. VanDoorselaere held senior operating positions with Redback Mining in Ghana, Norilsk Nickel in Australia, as well as numerous international mining companies within Canada.