Scorpio Mining today announced completion of a purchase option agreement for the Cosalá 2 Concession, in the Cosalá District of the State of Sinaloa, Mexico. The Company will be required to disburse limited yearly amounts over a period of up to 10 years following an initial payment of about US$13,000. All future annual payments will be contingent on the Company having obtained the required permits to carry out a surface [...]
A conference call regarding the proposed merger between Scorpio Mining and U.S. Silver & Gold is scheduled for Monday, November 10, 2014 at 9:00 am ET. For further details relating to the proposed transaction, please refer to the following press release issued November 7, 2014. An investor presentation will be available on each company's website prior to the call. The call-in details are as follows: Local and [...]
Scorpio Mining and U.S. Silver & Gold are pleased to announce that they have entered into a definitive agreement to complete a merger of equals that will combine their respective businesses to create a leading junior silver producer in the Americas. The combined company will continue under the name of Scorpio Mining and is positioned to have a strong operating platform with two established producing mines, a third mine in [...]
Scorpio Mining reports its financial and operating results for the third quarter ended September 30, 2014. This press release should be read in conjunction with the Company's unaudited Financial Statements and Management's Discussion and Analysis for the third quarter ended September 30, 2014, available on the Company's website and on SEDAR. All monetary figures are expressed in Canadian dollars unless otherwise [...]
Scorpio Mining today provided additional information concerning its ongoing review of the concessions boundaries of the Company's El Cajón mineral deposit, located in the Cosalá Norte District near Cosalá, Sinaloa. In particular, the Company today announces that the Dirección General de Regulación Minera, the Mexican government bureau responsible for administering mining concessions, has passed a resolution, which the [...]
Scorpio Mining reports production from the Cosalá District Operations for the third quarter ended September 30, 2014. Q3 2014 throughput was 10.9% lower than Q2 2014, the latter having been an historic high for the operations. This lower throughput contributed to a decrease in silver equivalent production to 511,676 ounces. Nevertheless, Q3 2014 copper and lead production were higher than Q2 2014 due to higher head grades [...]
Scorpio Mining announced today that its board of directors has determined that it is not in the best interests of the Company to accept the offers of resignation submitted by three directors, Ewan Mason, Jonathan A. Berg and Bradley R. Kipp, who were elected at the Company's Annual and Special Meeting of Shareholders held on June 12, 2014. Each of the three directors had offered to resign as directors after the number of [...]
Scorpio Mining Corporation reports its financial and operating results for the second quarter ended June 30, 2014. This press release should be read in conjunction with the Company's unaudited Financial Statements and Management's Discussion and Analysis for the second quarter ended June 30, 2014, available on the Company's website at and on SEDAR. All monetary figures are expressed in Canadian dollars unless otherwise [...]
Scorpio Mining regrets to report that, on the evening of July 31st, an employee of a contractor was fatally injured when the dump truck he was driving in the Nuestra Señora Mine backed up into an open stope. Upon knowledge of the tragic accident, all underground activities, except emergency requirements, were immediately suspended and authorities were notified. Rescue teams were immediately dispatched to the area to [...]
TORONTO, July 14, 2014 /CNW/ - Scorpio Mining Corp. (TSX: SPM) ("Scorpio Mining" or the "Company") reports production from the Nuestra Señora Operations for the second quarter ended June 30, 2014 ("Q2 2014"). Q2 2014 silver production was greater than Q1 2014 which contributed to an increase in silver equivalent production of 603,109 ounces. Q2 2014 zinc and lead production were higher than Q1 2014 due to higher plant [...]
Scorpio Mining announced today that its board of Directors has adopted a shareholder rights plan. The Rights Plan is designed to ensure, to the extent possible, that all holders of common shares of the Company and the Board have adequate time to consider and evaluate any unsolicited bid for the common shares of the Company, provide the Board with adequate time to identify, solicit, develop and negotiate value-enhancing [...]
Scorpio Mining today announced its development plans for the Cosalá District projects with NI 43-101 compliant resources, namely the El Cajón and San Rafael deposits, both located within trucking distance from its Nuestra Señora processing plant. Underground development work is proceeding as scheduled. As of the end of May, the portal had been secured; 167 m of ramp had been driven, along with 42 m of lateral cross-cut [...]
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