BOWMORE Explorations Ltd. would like to provide an update to its Private Placement recently announced March 17, 2016 and that the Company is actively facilitating the closing of the Private Placement which the Company expects will occur on or before May 24, 2016. The Company has received conditional regulatory approval for the non-brokered private placement for total gross proceeds of up to $750,000.
“During our first quarter, we successfully implemented improved ground control procedures across our vast San Dimas mine,” stated Ernest Mast, President and Chief Executive Officer. “I feel a renewed sense of optimism as we enter the second quarter. On all-levels, we are pulling together as a stronger Primero team to achieve our corporate objectives, and through April we have made significant advances towards attaining these goals…”
Riversides President and CEO, John-Mark Staude, stated: We are encouraged by recent field work and look forward to working with a partner at the Glor Project in the near future.
Jim Williams, Chief Executive Officer of Arian Silver, commented, This is a significant step towards acquiring a low-cost production asset in which we see significant potential for gold and silver to be extracted in the near-term through a simple and inexpensive process, as compared with traditional hard rock mining ventures. With the successful closing of the £700,000 placing last week, we are ideally placed to complete the necessary studies to determine a cost effective, saleable gold and silver product from the Tailings Project.
Estamos en un estado en donde no hay maquiladoras, no hay fábricas, no hay textileras. Dependemos del gobierno del estado, del sector turístico y ahora, del minero, dice Nava.
“This agreement with Golden Minerals cements our existing land position in the Zacatecas Mining District. With our work at the Veta Grande Mine progressing well management believes that this strategic acquisition agreement will allow the Company to systematically explore and develop the Veta Grande Mine and surrounding area for the foreseeable future” said Arturo Préstamo, President and CEO.
All matters presented for approval at the Meeting by management were duly authorized and approved, as follows:
1) election of all management nominees to the board of directors of the Company;
2) appointment of PricewaterhouseCoopers LLP, Chartered Accountants, as auditors of the Company for the ensuing year and authorization of the directors to fix their remuneration;
3) to confirm and reauthorize the Corporation’s share incentive plan for the Corporation; and
4) to have a shareholder advisory vote on the Corporation’s Report on Executive Compensation (“Say on Pay”).
Golden Minerals Company today announced that it has entered into a definitive agreement with institutional investors for an offering of shares of common stock with gross proceeds of approximately $4 million. The closing of the offering is expected to take place on or about May 6, 2016, subject to the satisfaction of customary closing conditions.
“The year is off to a good start with a more constructive gold price environment and continued strong operating performance from all of our mines. As a result of the strong operating results, we now expect to meet the top end of our production guidance for 2016,” said Sean Boyd, Agnico Eagle’s Chief Executive Officer. “At current margins, Agnico Eagle is generating sufficient cash flow to support its expanded exploration and development activities and potentially pay down additional debt,” added Mr. Boyd.
Pete Dougherty, President and CEO, stated: First quarter 2016 GEO production was in line with guidance at El Castillo, exceeded guidance at La Colorada and showed a 6% improvement over the previous quarter. At La Colorada, we exceeded expectations primarily due to increased crusher throughput. In addition to a solid quarter of production, we generated net income of $4.3 million and continue to add cash to our balance sheet.
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