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Top Stock News

SilverCrest Announces Q2, 2015 Financial Results; Operating Cash Flow of $8.1 million ($0.07/share), Earnings of $3.86 million ($0.03/share), Guidance for Cash Cost/AgEq Ounce Reduced

"The second quarter was another successful quarter for SilverCrest. Santa Elena's record Q2 AgEq (3) production delivered strong financial results despite the lower precious metals price environment. We generated cash flow from operations (1) (2) of $8.1 million ( $0.07 per share) and net earnings of $3.86 million ( $0.03 per share). We maintained a strong balance sheet at June 30, 2015 with $36.4 million in cash and cash equivalents and working capital of $51.0 million."

Fortuna Provides Exploration Update for the San Jose Mine, Mexico

Fortuna Silver Mines Inc. (FSM)(FVI.TO) is pleased to provide a Brownfields exploration update for the San Jose Mine in Oaxaca, Mexico including results for step-out drilling of the Trinidad North zone and for surface sampling of the La Noria and San Antonio vein systems located approximately 2 kilometers to the west of the Trinidad vein system.

Fortuna Reports Consolidated Financial Results for the Second Quarter 2015

"We continue to focus on cost control, productivity and margins. Mine plan flexibility at Caylloma and strong performance at San Jose continue to sustain our operating and financial results in spite of a challenging metal price environment." Mr. Ganoza continued, "Key capital projects remain on schedule as we look forward to the commissioning of the San Jose Mine expansion from 2,000 to 3,000 tpd in mid-2016."

First Majestic Announces Friendly Acquisition of SilverCrest Mines

First Majestic Silver Corp. ("First Majestic") (FR.TO) (AG) (FMV.F) (AG) and SilverCrest Mines Inc. ("SilverCrest") (SVL.TO) (NYSE MKT:SVLC) (CW5.F) are pleased to announce that the companies have entered into a definitive agreement (the "Arrangement Agreement") pursuant to which First Majestic has agreed to acquire all of the issued and outstanding common shares of SilverCrest for consideration of 0.2769 of a common share of First Majestic (the "Exchange Ratio") plus C$0.0001 in cash per SilverCrest common share.

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