Vancouver, November 14, 2018 – Leagold Mining Corporation (TSX:LMC; OTCQX:LMCNF) (“Leagold” or the “Company”) reports third quarter financial and operating results for its four wholly owned gold mines: the Los Filos mine in Mexico, and the RDM, Fazenda, and Pilar mines in Brazil. Consolidated gold production during the period totalled 93,269 ounces (oz) at all-in sustaining costs (AISC) of $966 per oz sold, resulting in an AISC margin of $22.1 million.
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Pan American Silver and Tahoe Resources Create the World’s Premier Silver Mining Company
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VANCOUVER, Nov. 14, 2018 /CNW/ – Pan American Silver Corp. (NASDAQ: PAAS) (TSX: PAAS) (“Pan American”) or the “Company”) and Tahoe Resources Inc. (NYSE:TAHO) (TSX:THO) (“Tahoe”) today announced that they have entered into a definitive agreement for Pan American to acquire all of the outstanding shares of Tahoe pursuant to a plan of arrangement (the “Transaction”), creating the world’s premier silver mining company. Shareholders of Tahoe will be entitled to elect to receive common shares of Pan American and/or cash in exchange for their shares of Tahoe. Additional consideration will be in the form of the right to a contingent payment in common shares of Pan American tied to the restart of the Escobal mine in Guatemala
CAMIMEX presents figures on the Mexican Mining Industry
CAMIMEX’s president, Fernando Alaniz, presented figures from the Mexican Mining industry on the AIMMGM’s conference held in Hermosillo from October 24th to October 26th. The Mining Fund collected from mineral royalties in Mexico, supplied in 2017 $4,206 million pesos (about US$ 220 M), accruing more than $12,000 million pesos (over US$631 M) on the last four years. In 2017 alone, $28,806 million pesos (US$1,516 M) were paid on income tax, and an additional $4,726 million pesos (US$248.7 M) were invested by mining companies in the communities and environment where they are located. The payment of mining duties on mining concessions in 2017 was $2,525 million pesos (US$132.9 M). The total of Mining duties, mining fund and Income Tax for 2017 add up to $35,537 million pesos (US$ 1,870 M).
The average salary of a miner is 3.4 to 5.0 times the official minimum salary, not including the 10% payment on yearly profit by the employer (PTU).
In the last 12 years the direct investment on the Mexican mining sector has been US $51,445 M, but investment in exploration has decreased 63% from 2012 to 2016. In the attractiveness index for investment Mexico has gone from the 11th place in 2011 to the 44th place in 2018, with land access, rule of law, security, new taxes and a heavy increase on mining duties blamed for the fall in ranking. At the same time our direct competitors for investment in the mining industry Peru passed from the 39th to the 19th position, and Chile from the 6th to the 8th position.
According to Alanis, the main causes for the fall in competitiveness include over regulation and red tape, uncertainty in the determination of environmentally protected areas and a distorted image of the industry before communities and society.
Points addressed by Alanis to make of Mexico a mining country include improvements in security, a better infrastructure (railways, ports), certainty on land rights, a common ground with other mining countries in fiscal terms, administrative efficiency in the application and issuing of mining concession titles and certainty and transparency in the timely granting of permits.
American International Ventures, Inc. Signs Joint Venture With PT Musi Bumi Energi
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Lithia, FL, Oct. 23, 2018 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — American International Ventures, Inc., (“AIVN”) has entered into a joint venture agreement with PT Musi Bumi Energi an Indonesia Corportion (“MBE”). MBE has an 8,855 hectare (21,881 acre) coal concession, located at Musi Banyuasin, South Sumatera, Indonesia. Coal reserves of approximately one hundred million (100,000,000) metric tons (Pre-Jorc estimate) of low rank subbituminous coal reserves located on said concession.
Extension of Share Purchase Plan
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Consolidated Zinc Limited (ASX: CZL, “Consolidated Zinc” or “Company”) wishes to advise that the closing date for its Share Purchase Plan (“SPP”) has been extended to 5:00pm (AEST) on Monday 22 October 2018 from the previous closing date of 15 October 2018.
Hecla Reports Second Quarter 2018 Results
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COEUR D’ALENE, Idaho–(BUSINESS WIRE)– Hecla Mining Company (NYSE:HL) today announced second quarter 2018 financial and operating results.
Equinox Gold Announces Results from Annual and Special Meeting, Including Shareholder Approval of the Solaris Copper Spinout
Equinox Gold Corp. (TSX-V: EQX, OTC: EQXGF) (“Equinox Gold” or “the Company”) is pleased to announce that Equinox Gold shareholders approved all matters voted on at the annual and special meeting held earlier today, including the appointment of KPMG LLP as the Company’s auditor, reapproval of the Company’s rolling stock option plan and amendments to the Company’s restricted share unit plan. Shareholders also approved the transfer of copper assets to Solaris Copper Inc. (“Solaris Copper”), as outlined below, and the adoption of certain security-based compensation arrangements and an advance notice policy for Solaris Copper.
México ‘pierde brillo’ para invertir en minería por la inseguridad
El atractivo de México para la inversión en el sector minero perdió brillo en el último año afectado por la inseguridad que prevalece en el país y la incertidumbre sobre su sistema legal y por su régimen fiscal, según mostró la última encuesta anual del Instituto Fraser sobre atractivo a la inversión en el sector minera.
En el indicador de atractividad de la inversión, México bajó al sitio 44 desde el 50 que ocupó del año anterior y en el Índice de Percepción de Políticas (IPP), México cayó al sitio 49 desde el 53 un año antes.
Alamos Gold Reports Mineral Reserves and Resources for the Year-Ended 2017
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Global Mineral Reserves Increase 28% Reflecting Addition of Island Gold, Strong Growth at La Yaqui Grande and Initial Mineral Reserve at Lynn Lake
All amounts are in United States dollars, unless otherwise stated.
TORONTO, Feb. 21, 2018 (GLOBE NEWSWIRE) — Alamos Gold Inc. (TSX:AGI) (NYSE:AGI) (“Alamos” or the “Company”) today reported its updated mineral reserves and resources as of December 31, 2017. For a detailed summary of mineral reserves and resources by project, refer to the tables below.
AGNICO EAGLE REPORTS FOURTH QUARTER AND FULL YEAR 2017 RESULTS – RECORD ANNUAL GOLD OUTPUT; PRODUCTION GUIDANCE INCREASED FOR 2018 AND 2019; RESERVES INCREASE YEAR-OVER-YEAR
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TORONTO, Feb. 14, 2018 /CNW/ – Agnico Eagle Mines Limited (NYSE:AEM, TSX:AEM) (“Agnico Eagle” or the “Company”) today reported quarterly net income of $35.1 million, or net income of $0.15 per share for the fourth quarter of 2017. This result includes mark-to-market adjustments and derivative losses of $1.0 million ($0.01 per share), non-recurring losses of $6.8 million ($0.03 per share) and non-cash foreign currency translation losses of $5.5 million ($0.02 per share). Excluding these items would result in adjusted net income1$48.4 million ($0.21 per share) for the fourth quarter of 2017. In the fourth quarter of 2016, the Company reported net income of $62.7 million or $0.28 per share.