Golden Queen Mining

Published : June 15th, 2015

Golden Queen Makes Top Up Contribution and Provides Project Update

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Golden Queen Makes Top Up Contribution and Provides Project Update

VANCOUVER, June 15, 2015 /PRNewswire/ - Golden Queen Mining Co. Ltd. (the "Company")  (TSX:GQM;  OTCQX:GQMNF) is pleased to provide the following update on activities currently underway and planned for the remainder of 2015 to advance its 50%-owned Soledad Mountain Project (the "Project") to commissioning and production.

Top Up Contribution

Pursuant to the joint venture agreement with Gauss, LLC, the Company elected to make a top-up contribution to Golden Queen Mining Company, LLC ("GQM, LLC") in the amount of US$12,500,000. Our joint venture partner, Gauss LLC, provided an equal amount, and the aggregate amount of US$25,000,000 is anticipated to provide GQM, LLC with the necessary funds to fully develop the Project.  Both partners will maintain their 50% ownership in the Project.

Status of Turn-Key Projects

The Project is advancing on time and on budget. The Company is targeting the commissioning of the processing facilities during the fourth quarter of 2015.

Workshop & Warehouse – The workshop-warehouse was fully equipped in the first quarter of 2015.  The building includes the engineering offices and we have received provisional occupancy permits from Kern County. The workshop-warehouse is now fully functional.

Assay Laboratory – The assay laboratory building was completed on time and on budget in March.  The installation of the bag houses and ductwork for emissions control was completed in May.  The laboratory is currently being equipped and the final electrical hook-up and ventilation balancing is taking place. The laboratory will be commissioned toward the end of June.

Phase 1, Stage 1, Heap Leach Pad – The earthmoving phase, which includes the heap leach pad, the events pond, and the solution conveying channel, was completed in the first quarter of 2015.  Liner installation in the events pond and solution conveying channel was completed in May and the heap leach pad liner installation is anticipated to be completed in August. Overliner material is being crushed and placed on the liner on the heap leach pad.

Crushing-Screening Plant  The Hilfiker wall in the primary crusher area was completed on time and on budget in January 2015.  The erection of the primary crusher steel structure started in May.  The structural steel and equipment for both the primary and secondary crusher areas has been delivered.  The construction of the Hilfiker retaining wall in the HPGR area started in May and is expected to continue throughout June.  Detailed designs for the HPGR area including the foundations were completed in May. We anticipate that the HPGR will be ready for shipment in mid-July.

Read the rest of the article at finance.yahoo.com

Golden Queen Mining

DEVELOPMENT STAGE
CODE : GQM.TO
ISIN : CA38115J1003
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Golden Queen is a gold development stage company based in Canada.

Golden Queen develops gold and silver in USA.

Its main asset in development is SOLEDAD in USA.

Golden Queen is listed in Canada and in United States of America. Its market capitalisation is CA$ 2.8 millions as of today (US$ 2.1 millions, € 1.8 millions).

Its stock quote reached its highest recent level on September 23, 2011 at CA$ 3.95, and its lowest recent point on July 25, 2019 at CA$ 0.02.

Golden Queen has 111 050 000 shares outstanding.

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Financings of Golden Queen Mining
12/31/2014secures loan financing
Nominations of Golden Queen Mining
5/31/2013Appoints New Board Members
Financials of Golden Queen Mining
8/10/2016Golden Queen Announces Financial Results for the Second Quar...
11/10/2014reports financial results for the third quarter of 2014
8/11/2014Announces Financial Results and Review of Operations for the...
3/17/2014reports year end results and provides a construction update
11/13/2013Files Financial Statements
2/18/2011 Quarterly Report
Project news of Golden Queen Mining
4/13/2015Golden Queen comments on a US Fish and Wildlife Service noti...
11/25/2014(Soledad)Company Ltd. provides update on the Soledad Mountain Project
9/15/2014(Soledad)announces closing of joint venture to develop and operate th...
6/9/2014(Soledad)announces joint venture to develop and operate the Soledad M...
10/25/2012(Soledad)Files Updated Feasibility Study Report for Soledad Mountain ...
4/8/2011(Soledad)ANNOUNCES UPDATED FEASIBILITY STUDY FOR SOLEDAD MOUNTAIN PRO...
Corporate news of Golden Queen Mining
7/25/2016Golden Queen Completes C$16.1 Million Bought Deal Financing
7/14/2016Golden Queen Announces C$13 Million Bought Deal Financing
7/13/2016Golden Queen Annouces Proposed C$13 Million Unit Financing
6/9/2016Golden Queen Provides A Project Update
6/6/2016Golden Queen Provides A Project Update
6/3/2016Golden Queen Announces Voting Results of Annual General Meet...
5/10/2016Golden Queen Announces Financial Results for the First Quart...
2/1/2016A Look Inside the Chart, Technical Insights - Analyst Notes ...
1/21/2016Direction of Market Influences -- Featured Research on Salee...
1/14/2016Today's Market Driven by Key Factors - New Research on Trans...
1/5/2016Golden Queen Begins Commissioning of Processing Facility and...
1/4/2016Golden Queen Begins Commissioning of Processing Facility and...
1/4/2016Golden Queen Begins Commissioning of Processing Facility and...
8/13/201510-Q for Golden Queen Mining Co. Ltd.
8/13/201510-Q for Golden Queen Mining Co. Ltd.
8/10/2015Golden Queen Announces Senior Management Changes And Reports...
8/10/2015Golden Queen Announces Senior Management Changes and Reports...
5/14/201510-Q for Golden Queen Mining Co. Ltd.
5/14/201510-Q for Golden Queen Mining Co. Ltd.
5/5/201510-K for Golden Queen Mining Co. Ltd.
5/5/201510-K for Golden Queen Mining Co. Ltd.
4/13/2015Golden Queen Comments on a US Fish and Wildlife Service Noti...
3/16/2015Golden Queen Reports Financial Results for the Year Ending D...
3/16/2015Golden Queen reports financial results for the year ending D...
2/27/2015Golden Queen Mining Company Ltd. Announces Filing of NI 43-1...
2/27/2015Golden Queen Mining Company Ltd. Announces Filing of NI 43-1...
2/10/2015Company Ltd. provides update on resource estimates, reserve ...
1/1/2015Golden Queen Secures Loan Financing
12/3/2014CANADA STOCKS-TSX set to open lower ahead of Bank of Canada ...
11/26/2014Golden Queen Mining Company Ltd. Provides Update on The Sole...
11/11/2014Golden Queen Reports Financial Results for the Third Quarter...
9/9/2014Company Ltd. shareholders approve the joint venture with Gau...
7/31/2014announces date for Extraordinary Shareholder Meeting to appr...
7/31/2014announces date for Extraordinary Shareholder Meeting to appr...
7/2/2014(Soledad)secures an advance with Leucadia and Auvergne for the ongoin...
4/22/2014on the Center for Biological Diversity Emergency Petition
3/27/2014provides a construction update and updates its capital cost ...
2/3/2014Petition Filed with the United States Fish and Wildlife Serv...
1/6/2014(Soledad)secures interim financing for the ongoing development of its...
12/9/2013provides a construction update
10/8/2013Proposed Extraordinary General Meeting to Increase Authorize...
7/25/2013Announces $10 Million Private Placement
4/30/2013Appointment of Project and Construction Manager
9/11/2012Begins Trading on OTCQX International
5/17/2011(Soledad)ANNOUNCES FILING OF FEASIBILITY STUDY FOR SOLEDAD MOUNTAIN ...
1/21/2011 Financials
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