The Pinos Project Preliminary Economic Assessment results indicate a 7 year Life of Mine with projected gold equivalent ounce production of 89,000 with an after-tax IRR of 25%. Pinos Sensitivity Chart Candelaria Mining Corp. is pleased to provide the following update on the Company’s Pinos gold project located 140 kilometers east of the capital Zacatecas in the state of Zacatecas, Mexico. The project is district [...]
VANCOUVER, British Columbia, May 02, 2018 -- Candelaria Mining Corp. announces it has received authorization of the Environmental Impact Assessment for its Epithermal gold Pinos Project located in Zacatecas, Mexico. The regulator has outlined the environmental protection programs required during construction of the project which are normal and in-line with expectations. Furthermore, the Company previously received [...]
British Columbia , April 27, 2018 -- Candelaria Mining Corp. announces that it will be making an application to the TSX Venture Exchange to amend the exercise price of an aggregate of 12,632,398 outstanding common share purchase warrants issued pursuant to two private placements that completed in 2016. The Warrants will be repriced from $0.75 to $0.60 as follows: 2,888,888 warrants expiring on December 14, 2018, 2,154,443 [...]
VANCOUVER, British Columbia, March 27, 2018 -- Candelaria Mining Corp. announces the grant of stock options and restricted share units to certain officers and directors of the Company. Options to purchase up to 750,000 common shares were granted to an officer of the Company, pursuant to the Company’s stock option plan, exercisable at a price of $0.68 per common share. The stock options have a term of 5 years and [...]
VANCOUVER, British Columbia, Dec. 01, 2017 -- Candelaria Mining Corp. announces it intends to extend certain outstanding share purchase warrants. Warrants expiry date extension The Company intends to make an application to the TSX Venture Exchange to extend the exercise period of a total of 12,632,398 outstanding share purchase warrants exercisable at $0.75 per share . The Warrants were issued pursuant to private [...]
Candelaria Mining Corp. provides a general corporate update. General Corporate Update Due to the current political climate and upcoming state and federal elections, the Company has decided to retract the environmental permit for the Caballo Blanco project which was submitted to the Mexican Environmental Authority on July 14, 2017 . The Company will use this time to further optimize the project and continue ongoing [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 11, 2017) - Candelaria Mining Corp. ("Candelaria" or the "Company") (TSX VENTURE:CAND)(OTCQX:CDELF)(FRANKFURT:29LN) is pleased to announce the results of its annual general and special meeting held on September 11, 2017 in Vancouver, British Columbia (the "Meeting") and to provide a general corporate update. Meeting's results The number of directors was fixed at seven (7 [...]
- Closed C$9.7 million strategic financing with Agnico Eagle - Environmental Application redrafted and submitted to SERMARNAT - Drill mobilized for 2,000 meter infill drill program at La Paila zone - 7,500 meter phase 1 drill program of several high priority targets identified outside of La Paila resource area to commence 4Q17 VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jul 27, 2017) - [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jun 13, 2017) - Candelaria Mining Corp. ("Candelaria" or the "Company") (TSX VENTURE:CAND)(OTCQX:CDELF)(FRANKFURT:29LN) is pleased to announce additions to its senior management team. Effective immediately, the Company has appointed Mr. Curtis Turner to be the Chief Executive Officer ("CEO") and a member of the Board of Directors. In addition, Mr. Ramon Perez, acting CEO, will [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 9, 2017) - NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWSWIRE SERVICES Candelaria Mining Corp. (TSX VENTURE:CAND)(OTCQX:CDELF)(FRANKFURT:29LN) ("Candelaria" or the "Company") is pleased to announce that it has closed its previously announced private placement of 10,120,000 common shares of the Company to Agnico Eagle Mines Ltd. ("Agnico") for total gross proceeds [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 6, 2017) - NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWSWIRE SERVICES. Candelaria Mining Corp. ("Candelaria") (TSX VENTURE:CAND)(OTCQX:CDELF)(FRANKFURT:29LN) is pleased to announce Agnico Eagle Mines Ltd. ("Agnico") is making a strategic investment of $9,765,800 in Candelaria (the "Private Placement"). (All dollar amounts are in Canadian Dollars unless otherwise [...]
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jun 5, 2017) - Candelaria Mining Corp. ("Candelaria" or the "Company") (TSX VENTURE:CAND)(OTCQX:CDELF)(FRANKFURT:29LN) announces that it has issued 4,666,667 shares to the shareholders of Minera Apolo S.A. de C.V. ("Minera Apolo") and as a result has met all obligations required to complete the acquisition of 60% of the shares of Minera Apolo. Candelaria holds a right of first [...]