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Record Quarterly Production For First Majestic

First Majestic Silver Corp. announce that production in the second quarter increased to a new company record of 1,651,411 equivalent ounces of silver representing a 2% increase over the previous quarter and a 72% increase over the second quarter of 2009.

About La Encantada: The new 3,500 tpd cyanidation mill achieved commercial production effective April 1, 2010. Starting this quarter, all revenues and associated operating costs will be treated as commercial production.

For full pressrelease, see this LINK

Orvana Minerals Resolves Dispute With Glen Eagle

Orvana Minerals Corp announced today that it has resolved the arbitration proceedings commenced against its wholly-owned subsidiaries, Orvana Minerals Asturias Corp. “This will allow our senior management team to remain focused on developing our current projects and seeking out new opportunities.”

Our latest recommendation Orvana Minerals came out with a release today, saying it has agreed to pay Glen Eagle $1.5 million in settlement. Orvana is not acknowledging any liability. Roland Horst (CEO) stated that they are pleased to have this resolved as they can now fully focus on more important matters as developing new mines etc.

We at O B Research fully agree with Mr Horst, even though this was never “any major issue” for the company as we saw it. In our mind, it is still good to have this behind us rather than an overhang.

We expect a feasibility study on the El Valle-Boinás project shortly, and will then update our report and share it with our subscribers.

Team O B Research

For full pressrelease, see pdf

OGC Newsrelease

Avion Gold’s Production Increases 42% in Q2

Avion Gold Corporation announces second quarter 2010 production of approximately 22,210 ounces of gold from its Tabakoto/Segala operations in Mali, West Africa. This is a 42% increase in production over Q1 2010 where 15,710 ounces of gold was produced. Year to date gold production for 2010 is 37,920 ounces.

Avion plans to release its Q2 Financial Results on Thursday August 26, 2010

For full press release, see this LINK

Avion Acquire Concessions In Burkina Faso

Avion Gold Corporation and Avocet Mining PLC are pleased to announce that they have executed a Definitive Agreement in relation to the previously announced transaction pursuant to which Avion has agreed to acquire a 100% interest in the Hounde Group concessions in Burkina Faso.

For full pressrelease, see this LINK