Month: June 2016

Avino Announces Extension of Concentrates Prepayment Agreement with Samsung C&T

Pursuant to an amending agreement, Avino will sell silver concentrates on an exclusive basis to Samsung until July 2018. Samsung has previously advanced to Avino the sum of US$10 million as prepayment of such concentrates, and the Facility will be repaid with interest using Avino’s future shipments of concentrates. Avino will make an initial payment of US$666,666 in June 2016, and Avino will repay the balance with interest by 14 additional monthly instalments commencing June 2017 and ending July 2018…

Highvista Gold Inc. Updates on Change of Business and Sale of Mining Assets

Highvista Gold Inc. provides a further update to its announced change of business dated August 31, 2015, after an extensive review of the strategic investment landscape and opportunities to drive shareholder growth, the Corporation has decided to transition its investment focus to include the areas of equipment financing in the construction and infrastructure areas and real estate-oriented investments and to not at this time pursue existing or future investments in the mining area as previously announced. In the context of this change in focus, the Corporation is pleased to announce that it intends to sell all of its interests in its Mexican mining exploration assets to Minerales y Yacimientos Mexicanos Sacreamento S.A de CV, an arm’s length private company. The Corporation holds its interests in its Mexican assets through Minera Cascada de Oro, S.A. de C.V.,, wholly owned by the Corporation’s two wholly owned subsidiaries…

Oceanus Reports Assay Results and Mobilizes Diamond Drill to its El Tigre Property in Sonora, Mexico

Oceanus Resources Corporation is pleased to provide new assays results from its ongoing infill gap sampling program on the legacy diamond drill core at its 100% owned El Tigre Property in Sonora, Mexico. Oceanus disclosed the results from the first 28 drill holes located between Sections 4400N and 4000N in press releases dated March 7, 2016 and May 16, 2016. The company has now released results from 53 holes over a strike length of 1675 meters along the El Tigre deposit (Sections 4975N to 3300N).

Goldgroup brinda una actualización sobre el Proyecto San José de Gracia

Goldgroup Mining Inc. ha leído un artículo noticioso de fecha 26 de junio de 2016, publicado por Noroeste, un importante periódico con base en el estado de Sinaloa, con relación a un cierre obligatorio informado de las operaciones mineras de San José de Gracia por parte del Gobierno estatal. Si bien Goldgroup considera que el artículo es confiable, todavía no ha tenido la posibilidad de confirmar, de manera independiente, los hechos informados en el artículo.

Goldcorp releases 2015 Sustainability Report

“Our annual Sustainability Report offers Goldcorp a valuable opportunity to engage our stakeholders and further focus and prioritize our sustainability and corporate social responsibility activities,” said Mr. Brent Bergeron, Executive Vice President, Corporate Affairs and Sustainability. “Goldcorp’s 2015 Sustainability Report responds to our stakeholders’ questions and concerns, as we strive for continuous improvement in our disclosure, as well as our sustainability performance. We believe transparency in all levels of reporting is fundamental to building and maintaining trust amongst the people and communities affected by our operations, and we will continue to improve the relevance, accessibility and transparency of our sustainability reporting.”

Gold Extends Biggest Rally in Seven Years as Brexit Hits Markets

“I’m bullish gold because now with Britain leaving there could be danger of the whole euro zone having more political issues,” Miguel Perez-Santalla, a sales and marketing manager at Heraeus Metals New York LLC, said in a telephone interview. “People are going to want to stay hedged with gold; they didn’t think the Brexit was possible, and then it happened.”

Silver Bull to Complete CDN$464,100 Third Tranche of Private Placement, for Cumulative Gross Proceeds of CDN$1,464,100

Silver Bull Resources, Inc., is pleased to announce its intention to complete the third tranche of the non-brokered private placement of units of the Company announced on May 12, 2016. The Units will be issued at a price of CDN$0.13 per Unit. Each Unit will consist of one common share in the capital of the Company and one Common Share purchase warrant. Each Warrant shall entitle the holder thereof to acquire one common share at a price of CDN$0.16 until the date that is 12 months following closing of the Private Placement. If the closing price of the common shares of the Company on the OTCQB Venture Marketplace is US$0.18 or higher for five consecutive trading days then the Warrant will expire thirty trading days from such fifth consecutive day.

Goldgroup Provides An Update On San José de Gracia Project

Goldgroup Mining Inc. has read a news article dated June 26, 2016, published by Noroeste, a major newspaper based in the state of Sinaloa, in regards to a reported mandatory shutdown of the San José de Gracia mining operations by the State Government. While Goldgroup believes the article to be reliable, it has not yet had an opportunity to independently confirm the facts reported in the article.

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