Issue link: http://resourceworld.uberflip.com/i/1174544
O C T O B E R / N O V E M B E R 2 0 1 9 www.resourceworld.com 17 million pounds of copper from Bolivar and 1.8-2.0 million silver equivalent ounces from Cusi this year. The company is focused on increasing production volume and growing mineral resources. Silver Viper Minerals Corp. [VIPR- TSXV; VIPRF-OTC] reported that ongoing surface exploration activities have iden- tified additional follow-up targets at its 100%-optioned La Virginia gold- silver project 220 km east-northeast of Hermasillo, Sonora State, Mexico. Surface geochemistry and prospecting have identi- fied targets to the north, south and east of the El Rubi discovery which will be tested during the next phase of drilling. In addi- tion, Silver Viper has contracted Geotech Ltd. to conduct a 720 line-kilometre mag- netic and radiometric survey over the El Rubi and La Gloria targets for a total cover- age of 4,900 hectares. Southern Silver Exploration Corp. [SSV-TSXV] is focused on the Cerro Las Minitas silver-lead-zinc project located in Durango, in the heart of Mexico's Faja de Plata, which hosts multiple world class mineral deposits such as Penasquito, San Martin, Naica and Pitarrilla. The company recently raised $1.1 million from a private placement of 5.5 million units, priced at $0.20 per unit. Proceeds will be used to cover Southern Silver's proportionate share (40%) of costs associated with con- tinued 2019-20 exploration programs on the Cerro Las Minitas property. SSR Mining Inc. [SSRM-TSX, NASDAQ] is in the Puna Operations Inc. joint venture comprised of the Chinchillas Mine and the Pirquitas property, located in Jujuy Province, Argentina. The JV includes the Pirquitas processing facilities. SSR Mining is the operator and has a 75% economic interest with Golden Arrow Resources Corp. [GRG-TSXV; GARWF- OTC; G6A-FSE] holding the remaining 25% interest. Shareholders recently approved a proposed transaction to sell the 25% interest to SSR Mining. The Chinchillas mine is a silver-lead- zinc deposit which began open pit commercial production in December 2018. It is expected to supply ore to the Pirquitas mill for eight years. Chinchillas' ore is transported 40 km to the Pirquitas mill to produce a silver-lead concentrate and a zinc concentrate that are shipped to inter- national smelters. Mineral Reserves are 4.5 million oz silver averaging of 196 g/t and Probable Reserves of 30.7 million ounces of silver averaging 161 g/t at the Chinchillas Mine with an additional 2.3 million oz silver in Chinchillas stockpiles and 1.3 million ounces of silver in Pirquitas stockpiles, as at December 31, 2018. Wheaton Precious Metals Corp. [WPM-TSX, NYSE] doesn't actually mine silver, however, it benefits from rising silver prices by being one of the largest precious metals streaming companies in the world. The company has 23 agree- ments with 17 operating partners. Its revenue is split between silver and gold. In the second quarter of 2019, Wheaton generated over $100 million in operating cash flow through stream- ing agreements representing 4,834,000 oz silver. n SILVER Underground Decline 1 at MAG Silver's Juanicipio high-grade silver-gold-lead- zinc project in Zacatecas, Mexico. MAG Silver owns 44% of the project and the operator, Fresnillo plc, holds 56%. Photo courtesy MAG Silver Corp.