Month: October 2015

Aurcana Corporation Announces Commencement of CBCA Proceedings to Implement Restructuring Transaction

Aurcana Corporation announces that it is today commencing proceedings under the Canada Business Corporations Act to implement the restructuring transaction announced by the Company on October 16, 2015 under which all of the Company’s debt obligations to Orion Mine Finance (Master) Fund I L.P., as lender under the Company’s amended and restated senior secured credit facility dated April 29, 2014, will be extinguished.

Orex Grants Stock Options and Applies to Extend Warrants

Orex Minerals Inc. announces that it has granted 250,000 incentive stock options to a consultant to purchase 250,000 shares in the capital of Orex at an exercise price of $0.20 per share and with a two year term. The options will vest immediately.

Golden Minerals Provides Update

Golden Minerals Company announces in the first half of November 2015, Golden Minerals will suspend mining and processing activities at the Velardena mine and sulfide mill due to continued low precious metals prices and lower than planned mill feed grades at the sulfide plant.

Yamana Gold Declares Fourth Quarter Dividend

YAMANA GOLD INC. declares a fourth quarter 2015 dividend of $0.015 per share. Shareholders of record at the close of business on December 31, 2015 will be entitled to receive payment of this dividend on January 14, 2016. The dividend is an “eligible dividend” for Canadian tax purposes.

Vista Gold Corp. Announces Third Quarter 2015 Results

Frederick H. Earnest, President and Chief Executive Officer, commented, “We have worked hard to ensure the Company remains funded without diluting our shareholders, and I am enthusiastic about our success and the opportunities it affords us. With our improved balance sheet we believe we are able to fund our currently planned activities into 2018, and we still have opportunities to access additional financing from non-dilutive sources such as the sale of our used mill equipment and the monetization of our other non-core assets. ..”

Arian Silver – Trading to Resume on TSX-V

Arian Silver Corporation advises that in accordance with the respective rules of the Toronto Venture Stock Exchange and AIM, trading on TSXV will resume approximately 30 minutes after the time of this announcement; the trading suspension on AIM remains in effect pending a further announcement regarding the Company’s financial position.

Canarc Appoints New Board Member

Canarc Resource Corp. is pleased to announce that Mr. Akiba Leisman has accepted an invitation to join the board of directors of Canarc, effective on the closing of the Oro Silver Resources Ltd. acquisition agreement signed Oct 8, 2015.

Goldcorp Delivers Strong Free Cash Flow as Third Quarter Gold Production Increases 42%

GOLDCORP INC. today reported record third quarter gold production of 922,200 ounces, an increase of 42% compared to gold production of 651,700 ounces in the third quarter of 2014. Adjusted quarterly revenues were $1.3 billion. Adjusted operating cash flow was $374 million, compared to $399 million for the third quarter of 2014. Free cash flow was $243 million, compared to negative free cash flow of $355 million for the third quarter of 2014.

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Layne, A Granite Company, provides sustainable solutions for water resources and mineral exploration. Originally established in 1882, Layne offers a rich history of delivering safe, professional, and reliable water and minerals solutions throughout North and South America. Granite acquired Layne and its subsidiaries in the fall of 2018, to further Granite’s strategy to grow through acquisition and diverse end market expansion.