Month: May 2017

Hecla’s Senior Vice President – Exploration Receives A.O. Dufresne Exploration Achievement Award

“Congratulations to Dean on receiving this prestigious award,” said Phillips S. Baker, Jr., President and CEO. “We believe the largest risk to mining companies today is the ability to replace reserves. Dean and his exploration team have been instrumental in Hecla maintaining its strong and growing reserve and resource profile over the past 10 years; as we added 299 million silver ounces to reserves despite price volatility and the recent trend in the industry of declining reserves.”

Santacruz Silver Reports Fourth Quarter / Year-End 2016 Financial Results

“The year 2016 was focused primarily on the re-structuring of the Company’s balance sheet,” said Arturo Préstamo, President and CEO. “With management’s plan to focus on the producing assets, we have executed on our plan to divest non-core assets and move forward with our production plans accordingly.”

Centerra Gold Reports 2017 First Quarter Net Earnings of $57 Million

Scott Perry CEO of Centerra Gold stated, “While the Company had a good quarter operationally and financially, it was over shadowed by a tragic event which occurred in April at Kumtor when an employee was fatally injured while inspecting a light vehicle in the field. This tragedy reinforces our commitment to our Company-wide safety leadership program ‘Work Safe, Home Safe’ which we continue to roll out to all our sites.

Silver Standard Provides First Quarter 2017 Corporate Exploration Update

Paul Benson, President and CEO said, “Our exploration programs at Marigold and Seabee continue to deliver positive results that demonstrate resource growth potential. We were pleased with the significant increase in Mineral Reserves at both operations at the end of 2016 and are confident that our exploration activities this year, supported by strong in-house expertise and expenditures of $5 million at each mine, will once again have a positive impact on our year-end Mineral Reserves. Brownfields exploration is a key aspect of our strategy to extend the life of our operations and create long term shareholder value.”

Red Tiger Reports Delay in Filing Financial Statements

The delay is due to the departure of key personnel involved in the preparation of the audited consolidated financial statements. The Company is working to complete the audit of the Company’s consolidated financial statements for the year ended December 31, 2016 as soon as possible and anticipates filing such financial statements, MD&A and related Certifications by the end of May, 2017.

Preliminary Results Outline a Path to Low-Cost Lithium Extraction at Agua Fria, Mexico (Lithium Australia 49%, Alix Resources 51%)

Lithium Australia Managing director Adrian Griffin stated: “These results are a great start to our metallurgical evaluation program and clearly show the potential to produce a valuable concentrate from the host volcanogenic sediments. The acid solubility of the lithium is of greater importance. The ability to leach the lithium in very short periods of time, at ambient temperature, and without the requirement of pre-treatment may have profound effects on the economics of Agua Fria, the next major lithium clay deposit.”

Marlin Gold Reports $11.6 Million ($0.07 per share) of Adjusted EBITDA in Q4 and Files Full-Year 2016 Financials

Akiba Leisman, Executive Chairman and Interim CEO states that, “2016 was a tale of two mines for Marlin. For the first three quarters of the year, our operating team led by Jesse Muñoz, was focused on waste removal to access the high grade HS Zone at La Trinidad. As a result of their skill and dedication we began mining the HS Zone in September, which has allowed the Company to de-lever the balance sheet, invest in exploration at both our properties, acquire all necessary land at Commonwealth to fully consolidate the district, and advance our royalty business such that we expect to spin off Sailfish Royalty Corp. to shareholders this year. Since mining the north part of the HS Zone, we have been able to finally show just how profitable La Trinidad can be. With the southern part of the HS Zone coming online at the end of the second quarter of 2017, and exploration success in Mexico and Arizona indicating longevity at both assets, we feel that there is plenty more of this to come.”

U.S. Antimony Reports Start of Los Juarez Pilot Production

CEO John Lawrence said “We are excited to start the Los Juarez gold, silver, and antimony pilot production. We are optimistic about further progress at Los Juarez and believe it could be a major event for shareholders. In addition, we remain focused on increasing Mexican antimony production and BRZ zeolite sales.

Evrim Increases Private Placement to $4.2 million

Evrim Resources Corp. announces that, further to its announcement on April 27, 2017, in response to additional market demand the Company has increased its private placement to a 14,000,000 unit private placement at $0.30 to raise gross proceeds of $4.2 million. Each unit will consist of one common share and one-half non-transferable share purchase warrant. Each whole warrant is exercisable into one common share at a price of $0.50 for three years from the date of closing.

Mexus confirms status at Santa Elena project

Mexus Gold US has noted through communications from a few of its shareholders that it appears there are numerous misleading and undocumented statements which have been made in various forms of media. The Company realizes in today’s environment statements such as these are easily published without sufficient supporting documentation and data and may be made with the intent to influence our shareholders in a negative manner. It is important to note our goal has been to maintain the conduct of our business in high standards and ethically communicate those actions to our shareholders. The following is a summary of the Santa Elena project in Mexico:

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.

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