Month: May 2017

“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.”

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.

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.”

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.

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.”

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.