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Showing posts with the label silver exploration

High-grade silver vein intercepted

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Middlecoff Silver Vein extended to South!   Alianza Minerals reports final results from the Phase One diamond drilling program at the Company’s wholly owned Haldane Silver Project located in the historic Keno Hill Mining District of Yukon Territory. Holes HLD20-20 and HLD20-21 targeted the Middlecoff Vein. HLD20-21 intersected silver mineralization including a core length of 0.89 m averaging 342 g/t silver, 2.35% lead and 1.20% zinc (476 g/t silver-equivalent).   Alianza Minerals said in their highlights of the results from Haldane Silver Project, Keno Hill District, Yukon, 1: Middlecoff Silver Vein extended to South, 2: Additional drilling planned to south and at depth for Middlecoff & 3: Phase Two Spring Drill Program to include West Fault and Middlecoff Targets. "The Middlecoff drilling has shown that the structure and mineralization is continuous to the south,” stated Jason Weber, P Geo President and CEO of Alianza.  “As we learn more at the Middlecoff, it is apparent

Zimapan Mine lease extended for a decade!

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Yet, Santacruz eye to acquire the Zimapan   Santacruz Silver Mining reports that its wholly-owned subsidiary, Carrizal Mining S.A. de C.V, has reached agreement with Minera Cedros, S.A. de C.V, a wholly owned subsidiary of Industrias Peñoles, S.A.B. de C.V., to extend the current mine lease on the Zimapan Mine from December 31, 2020 to June 30, 2021.   In a related matter, the Company advises that it and Minera Cedros are at an advanced stage of negotiations with respect to executing the transaction in its terms, whereby Santacruz will acquire the Zimapan Mine and all related assets.  Further, the Company advises that it is in advanced discussions with a senior mine finance group with respect to putting in place a financing facility to support the acquisition of the Zimapan Mine and related assets.   Carlos Silva, CEO of Santacruz commented “Management is very pleased to have reached this accommodating mining lease extension agreement with Minera Cedros in these difficult Covid-19

Silver Bear 3Q produced over 1501K Oz of silver

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Sold a total of 1,514,374 ounces of silver in 3Q   Silver Bear Resources announces the filing its unaudited financial results for the three and nine-month period ended 30 September 2020, including development highlights from its Mangazeisky silver project in Far East Russia. For complete details of the unaudited Interim Consolidated Financial Statements and associated Management's Discussion and Analysis please refer to the Company's filings on SEDAR.   During the nine-month period ended 30 September 2020 the Group production statistics included, 1: Mined a total of 89,703 tonnes of ore, processed 80,748 tonnes of ore, producing a total of 1,501,123 ounces of silver; 2: Sold a total of 1,514,374 ounces of silver totalling production revenue of US$ 28,410,544 and reported a total comprehensive loss of $42,468,501 and an accumulated deficit of $232,055,475.   3: In August 2020, the Group has started its 2020 exploration drilling activities, about 4,000 metres of core drilling p

Yamana Gold production guidance up by 3%

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  Previous guidance remained of 890K GEO to 915K GEO   Yamana Gold Inc announces strong preliminary third quarter results, with gold production of 201,772 ounces and silver production of 3.04 million ounces. Total gold equivalent production was 240,466 ounces. Jacobina, El Peñón, Minera Florida, and Canadian Malartic all enjoyed standout quarters.   With overall production, and production at most of the Company’s mines, currently tracking ahead of plan, and in some cases well ahead of plan, the Company increases its 2020 production guidance from the previous guidance of 890,000 GEO to 915,000 GEO, representing an increase of 3%. Gold production and silver production guidance have increased from previous guidance by approximately 1% and 6%, respectively. More specific mine-by-mine and metal-by-metal information will be provided with the Company’s financial results at the end of the month.   The Company continued to generate strong cash flows in the quarter which strengthened its cas

GoGold grows 29% YoY!

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GoGold produce 605K AgEq Oz   GoGold Resources reports record production for the quarter ending September 30, 2020 of 605,287 silver equivalent ounces, consisting of 300,740 silver ounces, 3,414 gold ounces, and 128 tonnes of copper.  Annual production for the Company’s fiscal year which ended on September 30, 2020, was 2.3 million silver equivalent ounces, an increase of 29% over 2019 production of 1.8 million. “Parral continues to perform extremely well for us, with record production in both the quarter and the year.  We produced 2.3 million silver equivalent ounces in our fiscal year ending in September, which is an increase of 29% compared to the prior year.    Parral generated revenue in excess of $13 million US and over $5 million US of free cash flow in the quarter, which is covering the total general and administrative and  our Los Ricos exploration costs,” said Brad Langille, President and CEO.   “The Company has in excess of $52 million US cash in the bank, no debt,

Endeavour Produces 942274 oz Silver

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  Endeavour Silver Q3, 2020!   Endeavour Silver Produces 942,274 oz Silver and 10,260 oz Gold (1.8 Million oz Silver Eq.) in Third Quarter, 2020. By giving details, Endeavour Silver reports production of 942,274 silver ounces (oz) and 10,260 gold oz in Q3, 2020, for silver equivalent production of 1.8 million oz at 80:1 silver: gold ratio, bringing the year to date production total to 4.4 million AgEq oz. Endeavour operates three high grade, underground, silver-gold mines in Mexico; Guanacevi in Durango state, Bolanitos in Guanajuato state and El Compas in Zacatecas state. Production returned to plan in Q3, notwithstanding a heavy rain season, after a two month shut down in Q2 following a government mandated suspension of mining operations due to Covid-19.   Bradford Cooke, Endeavour CEO, commented, “After riding out a challenging Q2 with our mining operations suspended for more than half the quarter, due to the government Covid-19 mandate, our operations team were able to deliver a