AuRico Metals Inc. is pleased to announce the closing of the previously announced private placement with Alamos Gold Inc. for 8,000,000 shares at a per share price of C$0.70 for total proceeds of C$5,600,000. Together with the 5,767,855 shares Alamos already owned in AuRico Metals, Alamos now holds 10.9% of the issued and outstanding shares of the Company.
San Marco Resources Inc. is pleased to announce the adoption of an incentive program to encourage the early exercise of its outstanding share purchase warrants.
Orex Minerals Inc. is pleased to announce that it has entered into an option agreement dated September 15, 2015 with Canasil Resources Inc. in respect of Canasil’s Sandra Escobar Silver-Gold Project in Durango, Mexico. Pursuant to the terms of the Option Agreement, Orex has a right to earn up to a 65% ownership interest in the Project.
New Gold Inc. today provides an update on development progress at the company’s Rainy River project, where New Gold is hosting an analyst and investor tour tomorrow, and announces the planned retirement of Robert Gallagher, the company’s President and Chief Executive Officer, in June of 2016.
Aura Minerals Inc. announces that in accordance with National Instrument 43-101 and in support of the Company’s August 7, 2015 news release, it has filed a technical report entitled Preliminary Economic Assessment of the Re-Opening of the Aranzazu Mine, Zacatecas, Mexico.
“Our business model has always been focused on making accretive investments and building a strong portfolio for our shareholders. Given the turbulence of current markets, we believe that Silver Wheaton’s share price does not currently reflect the high quality asset base underlying the company’s robust business model,” said Randy Smallwood, President and Chief Executive Officer of Silver Wheaton. “As such, we believe that at current share price levels, Silver Wheaton shares may represent the best investment option for our shareholders. The initiation of our first ever normal course issuer bid positions us to capitalize on this opportunity.”
Almaden Minerals Ltd. is pleased to report on the Companys 100% owned Ixtaca gold-silver deposit located in Puebla State, Mexico and the progress of its on-going PreFeasibility level metallurgical test work program. The focus of the ongoing metallurgical test work program has been on the limestone material. Reported today are preliminary, non-optimised results from the leaching flotation concentrates.
Sampling and mapping at the El Chunibas target resulted in identification of new high grade veins, presence of mineralization in the wall rock and expansion of the veins along their strike. Rock sampling of the newly discovered Corral target confirmed the presence of gold mineralization.
The large furnace at the Madero smelter in Coahuila, Mexico is being fired in to cure the refractory. This will be followed by the fuming of up to 10 metric tons per day of high-grade concentrate from Australia and will take the place of 20 small furnaces. The SRFs will then recommence processing a large inventory of the USAC’s Mexican mine concentrates.
Gold Resource Corporation today announced new Switchback drill highlights from its El Aguila Project including 15.22 meters of 3.18 grams per tonne (g/t) gold and 292 g/t silver. Gold Resource Corporation is a gold and silver producer with operations in Oaxaca, Mexico and exploration in Nevada, USA. The Company has returned over $105 million to shareholders in monthly dividends since commercial production commenced July 1, 2010, and offers shareholders the option to convert their cash dividends into physical gold and silver and take delivery.
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