KGHM is the World’s largest Silver Producer
KGHM has regained its first position in the world’s silver production.
KGHM has regained its first position in the world’s silver production.
Turquoise Hill Resources today provided an update on the status of production at Oyu Tolgoi following the recent concentrator fire and production and financial guidance for 2015.
Operations
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 –
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.
Continental Gold Limited (TSX:CNL; OTCQX:CGOOF) announce results for 17 diamond drill-holes in the Veta Sur, Laurel and Yaraguá vein systems at the Company's 100%-owned Buriticá project in Antioquia, Colombia.
Drilling continues throughout 2014 with the goal of upgrading Inferred resources into the Measured and Indicated categories under National Instrument 43-101 (“NI 43-101”) guidelines, and delivering overall robust mineral resource growth.
Turquoise Hill Resources today announced that Oyu Tolgoi LLC has received an audit report from the Mongolian Tax Authority claiming unpaid taxes, penalties and disallowed entitlements associated with the initial development of the Oyu Tolgoi mine.
Kazakhmys PLC confirms that it has completed the acquisition of Koksay. Koksay is the Group’s third major growth project.
Dividend and record day
The Meeting approved a dividend of SEK 1.75 per share and Friday, 9th May 2014 as the record day for the dividend payment. Payment of the dividend is expected to occur on Wednesday, 14th May 2013 through the agency of Euroclear Sweden AB.
Boliden’s revenues for the first quarter of the year totalled SEK 8,550 million (SEK 9,249 m) and the operating profit, excluding revaluation of the process inventory, fell to SEK 385 million (SEK 751 m) due to lower metal and sulphuric acid prices.
“ 2013 was a tough year, market-wise, with lower prices for metals and a weaker US dollar exchange rate. Boliden’s production however, was good, taking into account the large scale, planned maintenance shutdowns that we carried out.
We have focused heavily on the expansion projects and on process stability and safety work – all areas that will continue to be of major importance for us in 2014.”
Gran Colombia Gold Corp. (TSX: GCM) announced that it has signed an amended and restated underwriting agreement with GMP Securities L.P. increasing the size of its previously announced offering to 7,500,000 units at a price per Unit of C$1.93 for aggregate gross proceeds to the Company of C$14,475,000.
The results of the 2013 calculations of Boliden’s mineral resources and mineral reserves* show increases in the mineral reserves at Garpenberg and in the Boliden Area, and increased mineral resources at Tara and the Laver and Rockliden deposits.
Vena Resources Inc. (TSX: VEM, Peru: VEM, Germany: V1RA, USA: VNARF) announces that the Company has enhanced the 2011 joint venture agreement with Forrester Resources Corp.
Under the original terms to earn an initial 51% interest in Las Princesas:
Gran Colombia Gold Corp. (TSX: GCM) (OTC: TPRFF) announced yesterday that it has implemented actions to strengthen its management team, improve its cost structure and has secured bridge financing in advance of its prospectus financing.
Intrepid Mines Limited (TSX:IAU)(ASX:IAU) announce the release of its report for the quarter ended 31 December 2013 regarding development and exploration activities*.
OVERVIEW
Intrepid Mines Limited's principal activities for the quarter under review were the pursuit of legal remedies to protect and enforce the Company's rights in the Tujuh Bukit Project and the identification and review of additional precious metal projects and advanced exploration assets, for potential investment purposes.
Kingsrose Mining Limited (ASX: KRM) announced the appointment of Matthew Smith as Chief Financial Officer, effective 28 January 2014.
Excellon Resources Inc. (TSX:EXN; OTC:EXLLF), Mexico’s highest grade silver producer, announce fourth quarter and annual 2013 production results from the La Platosa Mine in Durango, Mexico.
Q4 and 2013 Production Highlights:
Silver Standard Resources Inc. (NASDAQ: SSRI) (TSX: SSO) provides its 2013 operational update for the Pirquitas mine in Jujuy, Argentina and announces production and cost guidance for 2014.
2013 Operating Highlights:
Excellon Resources Inc. (TSX:EXN; OTC:EXLLF) reports that employees returned to work over the weekend and production has resumed at the Platosa Mine in Durango, Mexico following a pause in operations for a safety review. Operations were paused after two employees, Evaristo Nova Soto, a 31-year-old electrical supervisor, and Jorge Carillo Rivera, a 25-year-old general serviceman, were fatally injured during routine operations on the evening of January 9, 2014.