Month: April 2016

Biricu Project Update

As previously disclosed on November 4 and December 4, 2015, Minaurum loaned Guerrero Ventures Inc. funds to explore Biricu. Guerrero has informed Minaurum that the required exploration expenditures and obligations of the underlying Biricu option agreement between Alamos Gold Inc. and Guerrero have been fulfilled. Results from the exploration work are pending.

Oremex Silver Inc. Provides Corporate Updates

The Company is continuing to take steps to bring the Company into good standing, evaluate its existing project portfolio and assess opportunities for moving forward. As previously disclosed, in connection with the revocation of cease trade orders in early February, the Company filed an updated resource report on its flagship Tejamen silver project in Durango, Mexico. The Company is currently evaluating viable options to progress the Tejamen silver project including having discussions with potential joint venture partners. The Company plans to continue its efforts to create value from its portfolio of properties for shareholders.

First Mexican Update on Guadalupe Property, Mexico

First Mexican Gold Corp. wishes to advise that as a result of a review by the British Columbia Securities Commission, we are issuing the following news release to clarify our disclosure. First Mexican Gold wishes to advise the public that its October 28, 2014 technical report, as currently filed, does not comply with the requirements of NI 43-101. As such, the resource estimates on its Guadalupe project are not supported by the compliant NI 43-101 technical report, contrary to NI 43-101, and that the resource estimates should not be relied on until they have been verified and supported by a revised technical report. The Company is working with its consultants and Qualified Persons to file a revised technical report as soon as possible and will keep the shareholders apprised of its progress.

First Majestic Silver Corp. Announces C$50 Million Bought Deal Financing

The net proceeds from the sale of the Common Shares will be used towards the mill and mine expansion at La Guitarra to 1,000 tpd, to further advance the roasting analysis and testing at La Encantada, and to allow the Company to increase the amount of development and exploration across the Company’s six operating mines as well as for general corporate and working capital purposes.

Chinese miners eager to snap up gold assets abroad

Chinese gold miners plan to extend the biggest buying spree in four years, as the nation seeks greater clout in the global bullion industry. The prospect may be helping to drive up the price of gold assets in other countries.

Defiance Pushes San Acacio Payments to 2018

“The San Acacio project vendor has been willing to renegotiate the purchase agreement on multiple occasions in the past, providing Defiance with the flexibility to prosper throughout this difficult market and to maximize the allocation of its treasury toward the advancement of the project instead of property payments. Defiance plans to use this additional financial flexibility in 2016 to explore and expand the existing resource at the San Acacio Silver Project”, stated Bruce Winfield President and CEO.

Great Panther Announces At-The-Market Offering Of Up To US$10 Million

GREAT PANTHER SILVER LIMITED announces that it has entered into an At-the-Market Offering Agreement dated April 20, 2016 with Rodman & Renshaw, a unit of H.C. Wainwright & Co., LLC. Under the ATM Agreement, the Company will be entitled, at its discretion and from time-to-time during the term of the ATM Agreement, to sell, through Rodman, as placement agent, such number of common shares of the Company having an aggregate gross sales price of up to US$10.0 million. Sales of the Common Shares will be made through “at the market distributions”, as defined in National Instrument 44-102, directly on the NYSE MKT LLC or on any other existing trading market in the United States. No offers or sales of Common Shares will be made in Canada on the Toronto Stock Exchange or other trading markets in Canada. The Common Shares will be distributed at market prices or prices related to prevailing market prices from time to time. As a result, prices of the Common Shares sold under the Offering will vary as between purchasers and during the period of distribution.

Sierra Metals Reports First Quarter 2016 Production Results

“We anticipate improved consolidated results in the current year as we continue to focus on the restructuring and rehabilitation at the Yauricocha Mine with the implementation of best practices and the introduction of modern methodologies.” commented Mark Brennan, President and CEO of Sierra Metals. “We have already begun to see the impact of these changes with increased throughput and improved silver/copper equivalent production over the previous quarter. Management continues to be optimistic that these changes that have resulted in lower production beginning in the third quarter of 2015 will serve to increase production in the coming years.”

Kootenay Silver completes business combination with Northair Silver

Kootenay Silver Inc.and Northair Silver Corp. are pleased to announce that they have completed the previously announced business combination by which Kootenay has acquired 100% of the issued and outstanding shares of Northair by way of a court approved plan of arrangement.

Corex Receives Mining Permit for Santana Project

The United States of Mexico’s Secretary of the Environment and Natural Resources granted Corex’s 100% owned Mexican subsidiary, Corex Global S. de RL de C.V., a mining permit for an open-pit, heap leach gold operation and pilot plant. This permit allows sufficient material to be mined for testing, optimizing and proving operating methods and costs. In addition, it will provide for the continuity of operations while the planning and permitting for full-scale production is being completed. Corex has acquired all land, mineral and water rights for such an operation. Corex is also anticipating receipt of the Change of Land Use from Federal Attorney of Environmental Protection Agency which is the final step in the permitting process.

Red Tiger Reports Delay in Filing Financial Statements

The delay is due to internal accounting staff and external auditor transition. The Company is working with its auditors to complete the audit of the Company’s consolidated financial statements for the year ended December 31, 2015 as soon as possible and anticipates filing such financial statements, MD&A and related Certifications by the end of May, 2016.

Inaugura Minera Semana de Salud

Este martes, la empresa Fresnillo PLC inauguró la Segunda Jornada de Salud Comunitaria, en la que se ofrecen más de 17 diferentes servicios de salud, entre los que destacan la atención dental, optometría y consulta general.

Wealth Approved for Listing in Mergent Industrial and International Manuals and News Reports TM

Wealth Minerals Ltd. announces that Mergent Inc’s Editorial Board has approved the Company for a listing in Mergent Manuals and News Reports TM. Wealth’s corporate profile, which includes descriptive text data as well as news and financial statements, will be accessible via Mergent’s online and print products. As part of Mergent’s listing services, the new description will be highlighted separately

Silver Bull Announces Voting Results from 2016 Annual Shareholder Meeting

Silver Bull Resources, Inc. is pleased to announce the detailed voting results on the items of business considered at its Annual General Meeting of Shareholders held on April 20, 2016. A total of 99,192,126 or 62.4% of the Company’s issued and outstanding shares were represented at the Meeting. The following nominees, as listed in Silver Bull’s Management Information Circular, were re-elected as directors of the Company:

Mineros, a 10 años de la batalla

Entre la crisis mundial del acero, despidos y un sindicato calificado de obeso, los trabajadores rememoran hoy el desalojo en Michoacán

McEwen Mining Reports Q1 Production Results, Royalty Acquisition

Total production in Q1 was 37,958 gold equivalent ounces(1), a 14% increase over Q1 2015.

Increased production guidance for 2016 to 144,000 gold equivalent ounces.

Acquired the Net Smelter Return (NSR) royalty on our El Gallo Mine and El Gallo Silver deposit.

Strong balance sheet: $43 million(2) in liquid assets and no debt!

Silver Shield Announces Closing of the Third Tranche of Its Concurrent Private Placement Raises & the CSE has Granted Conditional Approval to Implement a Name Change & Change in Business

The Corporation also announced today that it has been granted conditional approval – subject to shareholder consent – by the Canadian Securities Exchange to implement the Corporation’s proposed change of business from a “Mining & Exploration” company to a “Merchant Bank” and its proposed name change from “Silver Shield Resources Corp.”, to “Gunpowder Capital Corp”.

Minera Alamos Inc. Closes First Tranche of Private Placement and Moves to Complete Acquisition of La Fortuna Gold Project

“The closing of this first tranche of the financing allows for the Company to complete the La Fortuna Acquisition and immediately proceed with the final stages of project development”, said Chris Frostad, Chief Executive Officer of Minera Alamos. “Due to the project’s advanced stage, we can now rapidly complete the Feasibility Study that will form the basis of a construction decision.”

B.C. Supreme Court approves Kootenay – Northair Business Combination

Northair Silver Corp. and Kootenay Silver Inc. are pleased to announce that Northair obtained a final order from the Supreme Court of British Columbia today approving the previously announced business combination, pursuant to which Kootenay will acquire Northair. See the joint news releases dated January 13 and February 8, 2016 for further details.

IMPACT Silver Closes $620,000 Private Placement

IMPACT Silver Corp. is pleased to announce that it has closed its private placement announced April 8, 2016. The placement raised a total of $620,000 by the issue of 2,000,000 shares of the Company at a price of $0.31 per share.

Pan American Silver and MacMillan Minerals announce arrangement with Maverix Metals to form a new metal royalty and streaming company led by former Pan American Silver CEO

Mr. Michael Steinmann, President and CEO of Pan American said, “This transaction represents an attractive opportunity for Pan American to unlock value for a group of its assets that have gone largely unrecognized by the market as a number of them are not in production and are widely dispersed in our company. As the majority shareholder, Pan American will maintain meaningful upside exposure and leverage to these assets, and to Maverix’s ability to grow the portfolio, led by a trusted and experienced management team.”

Minera Alamos Inc. Extends Closing Date for Ongoing Private Placement

“This financing will be used to finalize the acquisition and complete the development of the La Fortuna gold project in Durango Mexico,” said Chris Frostad, Chief Executive Officer at Minera Alamos. “Today’s first tranche will allow us to close the acquisition and position us to complete the remaining financing in the coming weeks”.

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.
Major Drilling Group International Inc. is one of the world’s largest drilling services companies primarily serving the mining industry. Established in 1980, Major Drilling has over 1,000 years of combined experience and expertise within its management team alone.

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