Month: April 2017

MX Gold Continues to Earn Interest in Durango Smelter Project in Mexico

MX Gold Corp. is pleased to announce that, further to its February 13, 2017 news release, the Company has paid an additional US$425,000 to American Metal Mining S.A. de C.V. as required under the option agreement dated February 6, 2017, as amended. To date, the Company has paid US$1,075,000 of the US$1,525,000 total amount required in order to acquire 50% of the shares of a private Mexican corporation that holds the IDS Project. As stated in the February 13th news release, the IDS Project consists of a past producing gold smelter, three acres of land situate around the smelter, and various equipment and permits associated therewith. Upon advancement of the initial payment, the Company was granted a 49.5% net profit participating interest in the IDS Project that will remain until option exercise, provided that all payments are made by the Company in accordance with the amended option agreement.

Vista Gold Corp. Announces First Quarter 2017 Results

Frederick H. Earnest, President and Chief Executive Officer, commented, “We believe that we have sufficient working capital to cover our fixed costs for several years; to execute selected discretionary programs intended to optimize and add value to Mt Todd; and to complete all of the critical milestones, including permitting, necessary to advance the Mt Todd project to the point of a development decision.

Leagold Mining Announces Stock Option Grant

Leagold Mining Corporation announces that pursuant to the Company’s Stock Option Plan, a total of 9,000,000 incentive stock options have been granted to its officers, employees, consultants and a charitable organization. The stock options are exercisable at a price of C$2.85 per share for a period of 5 years, subject to regulatory approval.

New Gold Announces Results of Vote for Election of Board of Directors

New Gold Inc. today announces the voting results from the election of its Board of Directors at New Gold’s Annual and Special Meeting of Shareholders held on April 26, 2017 in Toronto, Ontario. The director nominees listed in the Management Information Circular dated March 13, 2017 were elected as directors of New Gold at the Meeting. Detailed results of the vote are set out below.

Vangold Resources Ltd. Announces the Filing of Its NI 43-101 Technical Report for the El Pinguico Mine High Grade Silver and Gold Project

Cameron King, President & CEO of Vangold Resources Ltd, commented; “This is a significant milestone for the Company. The Technical Report offers detailed history, collection and sampling of the underground stock mineral pile. The Company is also in the initial days of a three-month Exploration Program for 3D modelling and drill site selection. The Company will announce progress reports throughout the term of the Exploration Program”

Nyrstar announces sale of Campo Morado mine for a total cash consideration of USD 20 million

The Consideration payable to Nyrstar consists of USD 0.8 million that was paid to Nyrstar upon signing the Agreement, USD 2.7 million payable in cash by the closing of the Transaction, and USD 16.5 million payable in cash on or before the 12 month anniversary of the closing of the Transaction. Closing of the Transaction is subject to customary closing conditions and is expected to occur by Q3 2017.

Agnico Eagle Reports First Quarter 2017 Results; Strong Operational Performance Continues; Full Year Production Guidance Increased; Canadian Malartic Extension Receives Government Approval; Exploration Drilling Yields Favourable Results at Amaruq

“Operationally, 2017 has started strongly with solid performance on both the production and cost fronts. Higher gold production at lower costs has resulted in stronger cash flow generation and has allowed us to increase our production guidance for the year”, said Sean Boyd, Agnico Eagle’s Chief Executive Officer. “In the first quarter we also made very good progress at several of our growth projects with Meliadine progressing as expected, the Canadian Malartic extension receiving government approval and the Goldex Deep project ahead of schedule and under budget”, added Mr. Boyd.

Oretest is a mining exploration drilling contractor based in Mazatlán, Sinaloa, México. The company is managed by Bart Forsyth, with 36 years of extensive drilling experience on most continents with major companies. The company takes great pride in providing high-quality services while making safety a priority. Maintenance, cleanliness, precision and proper drilling habits makes a good safety environment and produces results.

We are world leaders in testing, inspection and certification services. We are present in all sectors of the economy with solutions and services that enhance the business, avoiding risks, improving operational performance and protecting the reputation and brand of our clients.