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Silver Standard completes Transaction on Diablillos and M-18 Projects

Silver Standard Resources Inc. (NASDAQ: SSRI) (TSX: SSO) ("Silver Standard") announces that it has completed the transaction on its Diablillos and M-18 projects with Huayra Minerals Corporation ("Huayra") for aggregate consideration including approximately $14 million payable over the first five years and a 19.9% equity interest in Huayra.

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Hecla Completes Acquisition of Mines Management, Inc.

Hecla Mining Company (NYSE:HL) announced that its acquisition of Mines Management, Inc. (Mines Management) is complete. The acquisition includes the Montanore Project, a large undeveloped silver and gold project in Montana for which the final Environmental Impact Statement and Records of Decision were issued earlier this year. Montanore will remain owned by Mines Management, which is now a wholly owned subsidiary of Hecla.

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Silver Standard: Transaction on Diablillos and M-18 Projects

Silver Standard Resources Inc. (NASDAQ: SSRI) (TSX: SSO) announces that it has entered into a definitive agreement with Huayra Minerals Corporation to advance its Diablillos and M-18 projects, located in Argentina.  Silver Standard will maintain a 19.9% equity interest in Huayra and nominate one member to the Board of Directors of Huayra.

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Turquoise Hill: Management Changes

Turquoise Hill Resources announced the resignation of Stewart Beckman, Senior Vice President, Operations and Technical Development, effective October 1, 2015. Mr. Beckman has accepted a new position within Rio Tinto.

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Gabriel Resources files for international Arbitration against Romania

Gabriel Resources Ltd. (“Gabriel” or the “Company”) announced that it has filed a request for arbitration before the World Bank's International Centre for Settlement of Investment Disputes ("ICSID") against Romania (“Request for Arbitration”). This action relates to the Company’s dispute with Romania over the development of the Roşia Montană gold and silver project (“Project”), of which Gabriel holds an indirect 80.69% interest, and violations by the Government of Romania of the protections afforded by the Treaties1.

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Silver Standard announces Election of Directors

Silver Standard Resources Inc. (NASDAQ: SSRI) (TSX: SSO) announces that the nominees listed in the management proxy circular for the 2015 Annual and Special Meeting of Shareholders were elected as directors of Silver Standard at the Annual Meeting held in Vancouver on Wednesday, May 13, 2015.

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Kingrose Mining: 3rd Q. Report

Operations

  • 6,590 ounces of gold and 21,137 ounces of silver produced
  • All in sustaining cost of production below US$1,000 in ramp up
  • Receipt of A$6.32M revenue from gold sales
  • Ramp up activities commenced mid-July following receipt of final forestry permit (“Pinjam Pakai”) covering the Talang Santo mine and associated infrastructure
  • Ramp up activities have focussed on development and setting up of stopes with 1,525m of lateral and vertical development completed
  • The 12 month moving average Lost Time Injury frequency rate (“LTIFR”) stands at 0 with site now 469 days LTI Free

 

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Turquoise Hill: 2014 Oyu Tolgoi Technical Report

Turquoise Hill Resources today filed an updated compliant independently-prepared technical report under National Instrument 43-101 – Standards of Disclosure of Mineral Projects (“NI 43-101”) relating to the Oyu Tolgoi Project. Prepared by OreWin Pty Ltd, the 2014 Oyu Tolgoi Technical Report (2014 OTTR), updates the Oyu Tolgoi Technical Report dated March 25, 2013 (2013 OTTR). On September 22, 2014, Turquoise Hill announced that the 2014 Oyu Tolgoi Feasibility Study had been finalized and presented to the Board of Directors of Oyu Tolgoi LLC. The Feasibility Study contains two production cases –

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Paramount Gold and Silver: Positive new Resource Estimate Report for San Miguel Project, Mexico

  • Measured and indicated (M&I) gold resource ounces increase 76%
  • M&I silver resource ounces rise 44%
  • new model includes resources for prospective lower cost heap leach scenario in forthcoming PEA

Paramount Gold and Silver Corp. (NYSE/TSX: PZG) (Frankfurt: P6G) (WKN: A0HGKQ) released the results of a new resource estimate for Paramount’s 100%-owned San Miguel Project in northern Mexico. The new resource model on which the estimate is based "represents a major step forward in the evolution of San Miguel from a raw exploration prospect to what is now a mature, high quality economic opportunity," said Paramount CEO Christopher Crupi.

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