NWM Mining is pleased to provide an updated mineral resource and reserves estimate at the company's Lluvia de Oro project. Total reserves for the project -- which encompasses the Creston and Gold Ridge mines and the Jojoba deposit - are now estimated at 600,000 ounces (43 million tonnes at a combined grade of 0.43 g/t gold). The new reserve [...]
NWM Mining announces that it has extended the due date of the current debt outstanding from September 30, 2013 to November 30, 2013. The extension provides a further one month (see the Company's press release dated October 1, 2013) for the ongoing negotiations to be concluded with the Company's lender (Renvest Mercantile Bancorp through its Global [...]
NWM Mining announces that it has extended the due date of the current debt outstanding from September 30, 2013 to October 31, 2013. The extension provides a further one month for the ongoing documentation to be concluded with the Company's lender, as set out in the Company's press release dated June 14, 2013. All other terms as were announced [...]
NWM Mining is pleased to provide an update on the recent Phase 1 in-fill drilling programs at the company's Lluvia de Oro deposit. The Creston pit has been the source of essentially all the ore mined to date at the Lluvia de Oro site until the recent initiation of mining operations at the Company's new Gold Ridge deposit in Q2-2013 (see news [...]
NWM Mining would like to announce the resignation of Jim Boyle as a director of the company. The Company would like to thank Mr. Boyle for his commitment and past contributions. Mr. Boyle's position on the Board of Directors will not be filled as the Company is reducing the size of the current Board to five (5) directors at the upcoming Annual [...]
NWM Mining is pleased to provide an update on mining operations at the company's new Gold Ridge open pit. The Gold Ridge zone of mineralization is located approximately 300m west and runs approximately parallel to the Lluvia de Oro open pit which has been the source of essentially all the ore mined to date at the Lluvia de Oro site. As of the end [...]
NWM Mining announces that, further to its news release dated June 14, 2013, it has paid $75,000 USD and issued 28,533,000 common shares to the Company's lender, Global Resource Fund, as the initial extension fee for extending the maturity date on the Company's current debt facility of $18,500,000 USD. Following the issuance of the Bonus Shares, the [...]
NWM Mining is pleased to announce that it has reached an agreement on terms for an extension of the due date on the Company's current debt facility of $18,500,000 USD from June 2013 to September 2014 and reduced the effective interest rate on the principal from 15% to 12.5% per annum. The revised interest rate has the potential to reduce interest [...]
NWM reports a net loss of $145,529 for the quarter ended March 31, 2013. The profit from operations before unrealized non cash foreign exchange losses and income taxes was $534,471. All amounts are presented in Canadian dollars unless otherwise noted. Gold revenues during the quarter amounted to $8,066,626 based on sales of 4,931 ounces at an [...]
NWM is pleased to announce that Mr. Darren Koningen, P.Eng and Mr. Pedro Delgado, P.Eng have joined the Company as President and COO and General Manager respectively. Mr. Koningen is a graduate of mineral process engineering from Queen's University in Kingston, Ontario, Canada and has more than twenty years of experience in the mining and [...]
NWM Mining is pleased to report an operating net income of $3,393,813 for the year ended December 31, 2012. 2012 highlights: Commercial production was achieved in January 2012. Gold revenues during the year amounted to $29,488,266. The Company produced 5,175 ounces of gold in the fourth quarter and 19,094 ounces for the year.In the fourth quarter [...]
NWM Mining is initiating a drill program with the objective of adding mineral resources and mineral reserves at the Company's Lluvia de Oro mine in Sonora, Mexico. The primary focus of the program will be to upgrade a significant portion of the currently defined inferred resources (approximately 200,000 ounces / 17,000,000 tonnes at 0.36 g/t Au)*1 [...]