Year: 2016

Southern Silver Exploration Corp. announces that it has closed its previously reported non-brokered private placement by issuing 12,000,000 Units at a price of $0.05 per unit for gross proceeds of $600,000. Each unit consisted of one common share and one share purchase warrant exercisable to purchase one additional common share for a period of five years at an exercise price of $0.08 per share.

Endeavour CEO Bradford Cooke commented, “Our plan for 2016 is to focus on profit margin by minimizing all-in sustaining costs and improving after-tax free cash flow at each mine. That means investing less on exploration and development, primarily at El Cubo and Bolañitos, as well as evaluating new opportunities to reduce operating costs at each mine.

Cyprium Mining Corporation, a Canadian-based mining company with operations located in the state of Chihuahua, Mexico, is pleased to announce that, subject to TSX Venture Exchange Inc. approval, it has closed the first tranche of its previously announced private placement of up to 8,000,000 units at a price of CDN $0.065 per Unit for gross proceeds of up to CDN$520,000. Under this first tranche, Cyprium issued 5,890,000 Units for gross proceeds of CDN$382,850. Each Unit is comprised of one common share in the capital of the Corporation and one share purchase warrant of the Corporation. Each Warrant will be exercisable into one Common Share at an exercise price of CDN$0.10 expiring two years from the date of issuance.

GoGold Resources Inc. reports that the Company produced 335,183 silver equivalent ounces for the second quarter ended March 31, 2016 which represents a 45 percent increase over the previous quarter. The Company sold 348,861 silver equivalent ounces during the quarter which was an increase of almost 60 percent over the previous quarter. The Parral project continues to be a low cost operation with costs averaging $6.78 per silver equivalent ounce and $2.73 per silver ounce using gold as a bi-product credit.

Wealth Minerals Ltd. is pleased to announce that they have received TSX Venture Exchange acceptance to close the non-brokered private placement announced on March 23, 2016.

Coeur Mining, Inc. today announced first quarter production of 3.4 million ounces of silver and 78,072 ounces of gold, or 8.1 million silver equivalent ounces.

Chairman of the Board, Mr. Jim Kofman, commented: “The Company is very excited to have Ms. Walsh and Mr. Atkinson join its Board of Directors. Their wealth of experience will be a tremendous asset to all Argonaut stakeholders as we continue our goal of transforming the Company into a mid-tier producer. On behalf of the entire Board, I want to thank Dave Watkins for his contributions to Prodigy Gold and to Argonaut Gold. His insights have helped the Company in advancing the Magino project which is an exciting part of the Company’s future.”

Eric Sprott announced today that he acquired ownership and control of 6,666,667 units of Excellon Resources Inc. at a price of $0.45 per Unit, with each Unit being comprised of one common share of the Corporation and one-half of one Share purchase warrant. Each Warrant entitles the holder thereof to acquire one additional Share at a price of $0.65 per Warrant Share for a period of 24 months from the date of issuance of the Warrant. The Units represent approximately 15.4% of the currently issued and outstanding Shares on a partially diluted basis.

Southern Silver Exploration Corp. reported that at its annual general meeting held on March 30, 2016 the following directors were re-elected: Lawrence Page, Q.C., D. Roger Scammell, Eugene Spiering, Nigel Bunting, Larry Buchanan and Peter Cheesbrough. The following officers were re-appointed subsequent to the annual general meeting: Lawrence Page, Q.C. as President, Graham Thatcher as Chief Financial Officer and Arie Page as Corporate Secretary.

The proceeds from the Financing will be used in the ongoing implementation of the previously announced Optimization Plan at the Platosa Mine and for general corporate purposes. Phase II of the Optimization Plan is expected to commence in early April with the drilling of primary dewatering wells.