Category: Investor’s Corner

VVC Announces Extended Closing for Private Placement Financing

The TSX Venture Exchange has conditional accepted this Private Placement which Closing was to occur on September 12, 2019, but the Company has requested that the Closing be extended to October 11. Subscriptions received to date amount to about CA$1.8 million.

Premier Bolsters Operations Team with the Addition of Peter Van Alphen

Premier Gold Mines Limited is pleased to announce that Mr. Peter van Alphen is joining the Company as its Chief Operating Officer. Peter brings to Premier a successful track record of mine development and operations. In this role Peter will oversee the Company’s mining and development Projects including the Mercedes and South Arturo mines, and will lead development planning for Premier’s advanced-stage projects including Hardrock (Greenstone Gold) and Cove.

Alamos Gold Receives Award for Best Corporate Social Responsibility Practice

“We are honored to be receiving this Award for our commitment and leadership in corporate social responsibility in Mexico. As a company, sustainability and corporate social responsibility are core values which are incorporated into activities at all our operations,” said John A. McCluskey, President and CEO.

Starcore Reports Q1 Results

Starcore International Mines Ltd. has filed the results for the first quarter ended July 31, 2019 for the Company and its mining operations in Queretaro, Mexico.

Energold Drilling Corp. Announces Filing Under Companies’ Creditors Arrangement Act, Sale Of Substantially All Of Bertram Drilling Corp.’s Assets, Commencement Of Sales Process, And $3.75 Million Interim Working Capital Financing

“I am excited by the strong support shown by the Noteholders as demonstrated by the Interim Lender’s provision of the up to $3.75 million WC Facility, which will provide us with the working capital we need to meet our current customer demand and to continue to provide the highest standard of service through the CCAA proceedings,” said Marco Garrido, Director of Sales of Energold’s Mexico division.

Azure Minerals – Successful Finalisation of Tax Dispute

Azure Minerals Limited is pleased to advise that a dispute over the recovery of IVA (the Mexican equivalent of GST) has been finalised with the Mexican tax authorities. This has resulted in the payment of Mx$10,337,075, approximately $767,000 Australian dollars (after conversion) to the Company’s 100% owned Mexican subsidiary Minera Azure SA de CV.

Newmont Goldcorp Provides Update on Peñasquito Mine in Mexico

Newmont Goldcorp Corporation announced that the dialogue sponsored by the government of Mexico to resolve issues with a trucking contractor and the San Juan de Cedros community (one of Peñasquito’s 25 neighboring communities) has been suspended and that an illegal blockade has resumed.

Promete minera en Zacatecas incluir infraestructura social y deportiva

La empresa minera Peñasquito, filial del grupo canadiense Goldcorp Inc, entregó a la Secretaría de Gobernación su propuesta a los planteamientos hechos por los representantes ejidales y los dirigentes de empresa transportista CAVA, que le demandaron crear incentivos para la comunidad.

Incoming CEO Tom Palmer to Provide Update on Newmont Goldcorp at Denver Gold Forum

“As the world’s leading gold company, Newmont remains focused on keeping our people safe, while growing our profit margins through operating, technical and financial discipline,” said Mr. Palmer. “We will also generate value for our shareholders by leveraging Newmont’s leading land position and exploration program in favorable jurisdictions to grow our Reserves and Resources.”

Bacanora Lithium plc – Directorate Change

Bacanora Lithium plc, the London traded lithium company, announces that Derek Batorowski has resigned as a Director of the Company and applicable subsidiaries effective 12 September 2019.

Defiance Announces Correction To Warrant Extension

Defiance Silver Corp. announces that it has applied for TSX Venture Exchange approval to extend by one year the expiry date of an aggregate of 5,750,001 outstanding warrants (not 6,187,201 warrants as announced September 4, 2019) exercisable at $0.45 per share.

Millrock Completes Sales of Certain Mexico Assets

Millrock has retained two projects in Mexico. The first, El Batamote, targets porphyry copper deposits and is situated in a prime belt which also contains two exceptionally large copper deposits, La Caridad and Cananea. The second project, Guadalcazar, is an oxidized, precious metal-bearing polymetallic skarn deposit located in central Mexico.

Iron Ore Glory Days Seen Numbered as China Demand Rolls Over

Iron ore faces a long, slow slide over the coming half-decade. Prices are poised to decline over the long term as the impact of weakening demand in biggest buyer China will more than offset gains in consumption seen in other emerging markets including India, according to Citigroup Inc.

Impact Silver Rallies on High Grade Results

Impact Silver Corp. [IPT-TSXV; IKL-FSE] shares rallied Wednesday September 11 after the company announced high-grade silver results from underground drilling at the San Ramon Mine in the Royal Mines of Zacualpan District, central Mexico.

Almadex Options Ponderosa Property in Spences Bridge Gold Belt

Almadex, its predecessors and partners have worked in the Spences Bridge area since about 2002. J. Duane Poliquin, Chairman of Almadex, stated, “We have now optioned all of our Spences Bridge property holdings to partners, and look forward to active exploration on our properties over the coming years”.

Golden Minerals Announces Termination of Sales Agreement

Warren Rehn, Golden Minerals’ President and Chief Executive Officer, commented, “While it is unfortunate we could not come to terms with Autlán, we are now in a position to consider future options for the properties that were included in the Autlán agreement. Due to the recent increases in gold and silver prices, we believe the value of these assets has increased substantially.”

Golden Goliath Sets Options

The Company has granted 3 million incentive stock options to directors and officer and 400,000 to employees and consultants. The incentive stock options are exercisable for a period of five years at a price of $0.10.

Mexichem Fluor changes name to Koura

Refrigerant manufacturer and supplier Mexichem Fluor has changed its brand name to Koura, in a move which sees its group company Mexichem adopting the name Orbia Advance Corporation.